The MEA conductive inks market is expected to grow from US$ 155.86 million in 2022 to US$ 192.07 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2022 to 2028.
There is a rise in the adoption of conductive ink in various application sectors such as 5G, automotive (sensors, electronics, heaters, etc.), photovoltaic, power electronics, package-level EMI shielding, in-mold electronics, electronic textile and wearable electronics, skin patches, and RFID. The automotive industry has been a key target market for conductive ink manufacturers. Printed defrosters, particularly on rear windows, are a typical application. The use of transparent and efficient large-area heating to minimize apparent defroster lines is an important development. In addition, transparent heating can be utilized for other purposes, including defrosting perception sensors used in highly automated and autonomous driving, such as cameras or lidar. Furthermore, seat heaters are also a notable market with ample growth opportunities.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets.This factor is likely to drive the MEA conductive inks market .
The MEA conductive inks market is expected to grow at a good CAGR during the forecast period.
MEA Conductive Inks Market Revenue and Forecast to 2028 (US$ Million )
MEA Conductive Inks Market Segmentation
The MEA conductive inks market is segmented based on type, application, and country.Based on type, the market is segmented into silver conductive ink, carbon conductive ink, polymer conductive ink, and copper conductive ink .
The carbon conductive ink segment dominated the MEA conductive inks market in 2021.Based on application, the market is segmented into solar panels, touch screens, membrane switches, medical devices, printed circuit boards, sensors, heating elements, radio frequency identification, cell phone antennas, automotive, and others.
The printed circuit boards segment dominated the MEA conductive inks market in 2021.Based on country, the MEA conductive inks market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA.
Saudi Arabia dominated the MEA conductive inks market in 2021.
DuPont de Nemours, Inc; Henkel AG & Co. KGaA; Heraeus Holding GmbH; MERCK KGaA; InkTec; NovaCentrix; and Molex, LLC (Koch Industries, Inc.) by Altair are among the leading companies in the MEA conductive inks market.