Silver inks and pastes used in the PV sector will decline from a value of US$4.9 billion in 2013 to around US$3.4 billion in 2020, according to report from market research firm NanoMarkets.
Demand from the PV sector was continuing to be a drag on the whole silver pastes and inks, according to the company's report, The Silver Inks and Pastes Market 2013-2020.
Cost sensitivity due to aggressive PV module ASP declines led major PV manufacturers to attempt to reduce silver paste consumption. Severe overcapacity and consolidation and capitulation have also impacted consumption rates.
Traditional thick-film applications for printed silver are expected to use US$2.4 billion worth of silver inks and pastes in 2013, but continue a steady growth path to US$3.4 billion by 2020.