Global Ag Paste Market
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Global Ag paste market was documented US$ XX Bn and is expected to reach US$ X.45 Bn by 2027, at CAGR of X.24% during a forecast period.
Global Ag Paste Market
Ag paste is produced by using silver metal and widely popular for its high thermal conductivity, reflectivity and electrical conductivity result of this it is used in variety of applications in numerous field includes, electronics, energy, brazing and soldering, chemical production, coins and investments, photography, medicines and many more. Market situation is fluctuating owing to pandemic Covid-19 outbreak, will drop the supply chain of raw material from various corner of the globe thus, expected to show economical drop all over the world. Additionally, Ag paste market expected to expected to reach US$ X.45 Bn by 2027, at CAGR of X.24% during a forecast period. Automobile segment recorded for XX Bn market share as this sector growing will highly demand for Ag paste as adhesive by automobile manufacturers to show wide demand for Ag paste in near future will boost the market growth. The recorded production of the silver in 2019 was 980 MT and expected to grow by 2027. China recorded high production as compare to US by 3,600 MT and expected to cover 95% of China's silver production is the by-product of other mining operations. Leading key player in the market Henkel AG & Company KGaA, and Heraeus has shared a XX% market share in the year of 2019.
Advancement in the technical sector have boosted the application in automobile as silver paste chiefly used in the production of alarm circuits, antennae and printed circuits of defogging systems is expected to broaden the market demand will help to increase in the market size. Also, bending interest towards utilization of solar panel across the globe will fuel the market growth for long run. Silver paste being used in the manufacturing of low temperature coal-fired ceramics, polymer inks, multilayer ceramic capacitors and adhesive further it is utilised in electric and electronics components like circuits, capacitor and resistors hence, growing demand for electronic and electrical utilizations is estimated to boost the demand for Ag paste during the forecast period. Additionally, in the invention filed is directed to a thick film silver paste and its use in the manufacture of semiconductor devices such as photovoltaic cells, and in particular solar cells.
Noticeable factors like advances in the metallization technique has supress the demand of silver paste by PV industry will restrained the market growth in coming years.
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Last Update : 03 July 2020
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