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Growing PCB Production Expected to Drive Non-Conductive Ink Market
July 5, 2019 | Globe NewswireEstimated reading time: 2 minutes
The global non-conductive ink market is estimated to be $403 million in 2019, and is projected to reach $560 million by 2024, at a CAGR of 7%. The increasing demand for non-conductive inks due to growing printed circuit board production is expected to drive the demand for non-conductive ink.
The report covers the non-conductive ink market based on substrate, application, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
DowDuPont (US), Henkel AG & Co. KGaA (Germany), Teikoku Printing Inks Mfg. Co., Ltd (Japan), Applied Cavitation Incorporated (US), Poly-Ink (France), Sun Chemical Corporation (US), NovaCentrix (US), Creative Materials Inc. (US), Applied Ink Solutions (US), and Vorbeck Materials (US), are the leading manufacturers of non-conductive ink globally.
Glass accounted for the largest share of the non-conductive ink market
Glass substrate is projected to be the largest segment of the non-conductive inks market during the forecast period. The growth of the segment is attributed mainly to excellent printability. In electronics application, glass substrates are preferred in displays and photovoltaics.
PCB Panel is the fastest-growing application segment of the non-conductive ink market
PCB panels are projected to be the largest and the fastest-growing application segment of non-conductive inks during the forecast period. This growth is attributed mainly to the growing production of PCB panels. PCB panels are used in medical devices, consumer electronics, automotive, aerospace, and lighting applications. The growth of these industries is expected to drive the non-conductive inks market.
Asia Pacific is projected to be the largest non-conductive ink market
The non-conductive ink market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is projected to be the largest non-conductive ink market. The high demand is attributed mainly to the increase in production of PCB panels and rising manufacturing activities in the region. APAC is a hub for electronics and electric equipment. Many foreign investors commenced the manufacturing facilities in the area due to low production costs. This, in turn, is driving the demand for non-conductive ink in the region.
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