The global Stretchable Conductive market was valued at $5.5 million in 2021 and is projected to reach $8.4 million by 2032 growing at a CAGR of 5.23% during the forecast period.
The drivers of the Stretchable Conductive Market
Some of the drivers of the Stretchable Conductive Market are as follows:
• Emerging markets and end-use industries such as automotive, aerospace, healthcare, and consumer electronics are expected to drive the market for conductor.
• The rapid growth of light-emitting diodes (LEDs) in the semiconductor industry is projected to boost demand for flexible circuits over the forecast period.
• Increasing interest from major players in conducting polymer technology is projected to fuel market growth.
The advantages of Stretchable Conductive Market
Some of the advantages of Stretchable Conductive Market are as follows:
It offers a high degree of mechanical flexibility and durability.
It can be printed or deposited on a wide range of substrates. It is also compatible with flexible electronics.
It can be used for a wide range of applications such as wearable electronics, smart packaging, flexible displays, solar cells, batteries, sensors, and other electronic devices.
The applications of the Stretchable Conductive Market include:
Wearable Electronics: It is used in wearable electronic devices including smartwatches, fitness trackers, and other smart gadgets. It offers flexibility and durability to the device.
Smart Packaging: It is used in smart packaging applications such as RFID tags, sensors, and other electronic devices. It offers durability and flexibility to the package.
Flexible Displays: It is used in flexible displays for electronic devices such as smartphones, tablets, laptops, and other consumer electronics. It offers high mechanical flexibility and durability to the display.
Solar Cells: It is used in solar cells for energy conversion applications. It offers high electrical conductivity and flexibility to the solar cell.
Market Value and CAGR
The Stretchable Conductive Market is expected to grow at a CAGR of 24% during the forecast period from 2022 to 2032. The market value of the global stretchable conductive market is expected to reach USD 2.5 Bn by 2032.
Stretchable Conductive Market
Some of the challenges of the Stretchable Conductive Market are high manufacturing cost, high capital investment and maintenance costs. The manufacturers of Stretchable Conductive Market are finding it difficult to produce conductive inks on an industrial scale which is limiting the commercial production of these inks.
The major players mentioned in this research report on Stretchable Conductive Market are Fujikura Ltd., Henkel AG & Co. Kagan, Park Systems, Inc., Omron Corporation, Nippon Steel & Sumitomo Metal Corporation and 3M Company among others.
Key players in the market of Stretchable Conductive Market
Some of the key players in the market of Stretchable Conductive Market are,
DuPont (US), The 3M Company (US), International Business Machines Corporation (US), Park Electrochemical Corporation (US), AGFA-Gever NV. (Belgium) and Meyer Burger Technology AG. (Switzerland). DowDuPont Inc. (U.S.), Conductive Composites (U.S.), 3M Company, Park Electrochemical Corporation (U.S.), SCHOTT AG(Germany), Masan Group (South Korea), FSPG Hi-tech Inc. (China), Deloitte Touché Tohmatsu Limited (China) and Interlink Electronics, Inc. (U.S.).
Key developments in the Stretchable Conductive Market
Some key developments in the Stretchable Conductive Market are:
In January 2021, Flex enables announced the launch of its new high-voltage flexible electronics capability. This will enable the production of high-voltage flexible electronics for automotive applications such as ADAS, infotainment, and cabin control systems.
In March 2020, Conductive Inkjet Technology (CIT) announced that it had launched a new line of inks designed specifically for flexible electronics applications. These inks are based on CIT’s patented inkjet technology and have been developed to meet the needs of a range of flexible electronics applications including displays, sensors, batteries, and solar cells.
In November 2019, Dow announced that it had developed a new class of elastomers that can be used to create stretchable conductors for wearable and other flexible electronics applications. The new elastomers are based on Dow’s proprietary polyurethane technology and are said to offer superior stretchability, conductivity, and durability compared to existing materials.
Segment Analysis on the basis of type, application, end user and region in Stretchable Conductive Market
The most demanded product in the Stretchable Conductive Market is Silver Conductive Paste. As we have in the market, a number of silver conductive pastes are available however, it is mostly the nano silver surface treatment agent and the water-based silver conductive adhesive that are highly demanded by various industries. The applications of these products include; RFID tags, electronics, pharmaceuticals, semiconductors and others.
The application segment includes; printed circuit board (PCB), sensors & transducers, flexible displays, antennae & wiring harness and others. Amongst them, the sensors & transducer segment holds a major share in the market as this category has been experiencing continuous innovations since its inception. The main drivers for this application segment are automotive industry and healthcare sector.
The most demanded region is the Asia Pacific as it is the most populated part of the world, hence providing a large consumer base to the manufacturers. The demand for stretchable conductive products including silver conductive paste is high in this region and are constantly being enhanced by the ongoing research and development activities. Europe follows Asia Pacific, while North America and South America hold less share in terms of market value.
Impact of Covid on the Stretchable Conductive Market
The outbreak of the Covid-19 pandemic has had a significant impact on the global economy, with businesses across a range of sectors feeling the effects. The stretchable conductive market is no exception, with the outbreak causing disruptions to production and supply chains.
The demand for stretchable conductive materials is expected to decrease in the short term as a result of the Covid-19 pandemic. This is due to a slowdown in the electronics and automotive industries, which are major consumers of these materials. However, it is anticipated that demand will recover in the long term as these industries rebound.
The outbreak of Covid-19 has also caused disruptions to production and supply chains for stretchable conductive materials. Many manufacturers are based in China, which was one of the first countries affected by the pandemic. This has led to shortages of raw materials and finished products, as well as delays in shipments. These disruptions are expected to continue in the short term but should ease as the situation in China improves.
New innovations and technologies in the Stretchable Conductive Market
New innovations in the Stretchable Conductive Market are expected to be fuelled by the growing demand for flexible electronics and the rising use of wearable electronic devices. The market for stretchable conductive materials is expected to grow at a significant rate owing to their flexibility, durability, and potential application in various industries such as automotive, aerospace & defence, healthcare, consumer electronics, and sports & entertainment
Stretchable Conductive Market Scope
|Revenue forecast in 2032
|USD 2.5 Bn
|CAGR of 5.23 % during 2022-2032
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|DuPont (US), The 3M Company (US), International Business Machines Corporation (US), Park Electrochemical Corporation (US), AGFA-Gever NV. (Belgium) and Meyer Burger Technology AG. (Switzerland). DowDuPont Inc. (U.S.), Conductive Composites (U.S.), 3M Company, Park Electrochemical Corporation (U.S.), SCHOTT AG(Germany), Masan Group (South Korea), FSPG Hi-tech Inc. (China), Deloitte Touché Tohmatsu Limited (China) and Interlink Electronics, Inc. (U.S.)
Key Segments of the Stretchable Conductive Market
Type Overview, (USD Billion)
• Carbon Nanotube
Application Overview,(USD Billion)
Regional Overview, (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
• Middle East and South Africa