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The market for silver conductive inks will almost triple over the next eight years to reach $2.4 billion by 2015, industry analysts NanoMarkets predicts in their report, 'Silver Inks and Pastes for Printable Electronics: 2008-2015.'
The report covers the future of both conventional inks and pastes and new nanosilver inks.
Nanomarkets predicts in this report that off the back of solar applications for printed electronics, use of silver interconnects will account for $250 million by 2015
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Although the conductivity of silver is well documented, the main barrier to achieving this market share in solar will be price and the adoption of printed electronics as a manufacturable solution for reaching high efficiencies in conversion. The price of silver has doubled in the last year.
Demand for silver inks "will be found in the RFID space where revenues from silver inks for RFID antennas alone will exceed $880 million by 2015. Based on the current excitement surrounding alternative energy, NanoMarkets expect the use of silver inks for solar panel contacts to grow to almost $250 million by 2015," according to the report.
The report forecasts that nanosilver inks will comprise almost 21% of total ink sales by 2012, "driven by their high conductivity and ability to be cured at low temperatures. The latter will be especially important given the growing role of thermally sensitive flexible substrates."
