Ag Paste Market : Market Research Report : Key Growth Factors and Forecast 2024
Transparency
Market Research observes that the global Ag paste market is
moderately fragmented. The market currently faces threat from cheaper
substitutes that are being developed by competitors. However, if
players can cater to the soaring demand for Ag paste in the solar
industry, they can overcome the hurdles to book whopping profits.
Currently, the players are focused on expanding their geographical
reach by making long-term supply agreements with buyers. The leading
players in the global market are Johnson Matthey, Metalor, Dupont,
and Heraeus Holding.
Read
Report Overview @
According
to the research report, the global Ag paste market was valued US$1.9
bn in 2015 and is expected to reach a valuation of US$4.5 bn by the
end of 2024. Analysts project that the global market is expected to
progress at a CAGR of 10.0% between 2016 and 2024.
Asia
Pacific to Dominate Global Market as it Acquires 56.8% Share by 2024
In
terms of geography, the global Ag paste market is segmented into
Europe, North America, Asia Pacific, the Middle East and Africa, and
Latin America. The report points out that Asia Pacific dominated the
global market 2015. The demand for Ag paste in Asia Pacific will be
attributable to the emergence of the solar industry. The subsequent
demand for photovoltaic solar cells is expected have a positive
reflection on the overall market.
Request
Sample Report @
The
application of Ag paste is seen in thermal interface material and EMI
shielding. Of these, the thermal interface material segment is
projected to dominate the global market throughout the forecast
period. By the end of the forecast period, this segment is estimated
to hold a share of 76.7% in the overall market. The mounting demand
for photovoltaic solar cells in the developing countries is expected
to boost the thermal interface material segment.
Request
Ag Paste Market Report Brochure @
Demand
for Renewable Energy Contributes to Soaring Revenue of Global Market
Nations
across the globe are striving to find sustainable energy solutions to
reduce the impact of global warming by cutting down on carbon
emissions. This has triggered a mammoth demand for renewable energy
around the world, thereby fuelling the need for solar energy. All of
these factors put together have led to the emergence of the solar
industry and in turn, the demand for photovoltaic (PV) cells. As
solar capacities increase, the demand PV cells will also spike,
which, in turn, will augment the uptake of Ag paste. The report also
states the burgeoning automobile sector is likely to increase the
demand for Ag paste as it will be extensively used in in printed
circuits of defogging systems, antennae, and alarm circuits. The
increasing expenditure on electrical and electronic appliances is
also expected to ensure rising demand for Ag paste in the near
future.
Availability
of Cheaper Alternatives to Restrain Growth of Overall Market
The
global Ag paste market is expected to face a few challenges such as
availability of cheaper substitutes. The cheaper alternatives include
carbon nano materials, aluminum, and copper. The market is also
likely to be restrained by varying purity of silver that is used for
manufacturing Ag paste. Furthermore, the volatile prices of silver
are also likely to create a negative impact on the global market in
the near future.
Buy
Ag Paste Market Research Report @
Comments
Post a Comment