Global Ag Paste Market Expected to Reach US$ 4.5 Bn by 2024: Transparency Market Research

Transparency Market Research has published a new market report titled “Ag Paste Market by Application Type (Thermal Interface Material, EMI Shielding Material) – Global Industry Analysis Size Share Growth Trends and Forecast 2016-2024”. According to the report, the Ag paste market was valued at US$ 1.8 Bn in 2015 and is anticipated to reach US$ 4.5 Bn by 2024, expanding at a CAGR of 10.0% between 2016 and 2024.

Ag paste is produced from pure silver metal which is extracted from the earth’s crust and also as a byproduct of gold, copper, zinc refining, and lead. Ag paste is precious metal paste which has highest electrical conductivity, thermal conductivity and reflectivity. The growing demand for silver in recent times in fabrication and investment has propelled the demand for silver market. The major end use applications of Ag paste are in solar, electrical & electronic and automobile sectors. Ag paste market is divided on the application segment such as Thermal Interface Material, EMI Shielding.

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In 2015, Asia Pacific accounted for the major share of the global Ag paste market followed by Europe and North America. The growing awareness and government subsidies on solar power products have increased the demand for photovoltaic cells which in turn has boosted the demand for Ag paste market. The increasing demand for defoggers in automobiles have propelled the demand for Ag paste for the forecast period. The growing demand for materials such as Thermal grease, Thermal glue, Thermal gap filler, Thermal Pad, etc. in electrical & electronics sector is expected to boost the demand for Ag paste.

Asia Pacific is expected to be the rapidly growing amongst the regions for the forecast period due to the emerging economies such as China, India, and Japan. China accounts for one the dominant market position due to high demand for photovoltaic cells and growing demand of Ag paste from electrical & electronics sector in the region. The expansion of automobile sector in the China is expected to boost the demand for Ag paste market for the forecast period. The forecast growth in North America and Europe is anticipated to be low due to the withdrawal of government support & subsidies on solar equipment and products. The Ag paste demand in Europe is contributed by developing countries such as Albania and Armenia, due to upcoming solar power projects in the region.

Major players operating in the Ag paste market include DuPont, 3M, Metalor, Johnson Matthey, Cermet Materials, Inc., AG PRO TECHNOLOGY CORP, Targray Technology International Inc, CHIMET, Henkel AG & Company KGaA, and Heraeus Holding are amongst others.

This report segments the global Ag paste market as follows:

  • Ag Paste Market – Product Analysis
    • Thermal Interface Material
    • EMI Shielding
  • Ag Paste Market – Regional Analysis
    • North America
      • U.S.
      • Rest of Asia Pacific
    • Europe
      • U.K.
      • Spain
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
      • Rest of MEA

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.



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