Wednesday, July 9th 10:37 AM IST Silver Inks and Pastes demand soars up to $2.8 bn in 2019
The thick-film segment consists of membrane switches, keyboards/keypads, capacitors, resistive heaters and electroluminescent wire (EL) lighting. This sector is expected to consume $2.8 billion in silver inks and pastes in 2019, compared with $2.0 billion today.
NEW YORK(Bullion Street): The market for silver inks and pastes will be worth $5.7 billion in 2019 with much of the industry’s growth coming from traditional thick-film technology, according to a report from analyst firm NanoMarkets, based in Glen Allen, Virginia. The thick-film segment consists of membrane switches, keyboards/keypads, capacitors, resistive heaters and electroluminescent wire (EL) lighting. This sector is expected to consume $2.8 billion in silver inks and pastes in 2019, compared with $2.0 billion today.
The report, Silver Inks and Pastes Markets 2014-2021, noted that DuPont (U.S.), Henkel and Heraeus (Germany) will continue to dominate the silver inks and pastes market, but the report warns that China is increasingly producing serious competitors in this space, offering high-quality products.
The report suggests that newer market segments will offer opportunities to the silver ink and pastes market but these product areas are not yet known. “For example,” the report noted, “spurred by the growth in the Internet-of-Things and wearable computing, RFIDs and sensors will consume $115 million by 2019. However, the products and markets in this area are still being defined.”
The race to host the London silver price benchmark has been thrown open after the London Metal Exchange and rival bidder Autilla put forward a joint submission, sources told The Bullion Desk.
Official sources at the London Bullion Market Association, Autilla and the LME did not wish to be drawn on the development but confirmation of the joint bid will be made later today, The Bullion Desk understands.
Although the LBMA management committee was unanimous in its support for the joint bid by CME/ThomsonReuters, The Bullion Desk learned last week, sources now say that the challengers are refusing to go quietly and are challenging the bid on the basis of feasibility.
The LBMA had previously said that it would release its findings as soon as Monday this week and also said that any decision it may or may not have taken would be subject to discussions with regulators. Today, though, it said that no decision had yet been made and that it hopes to make an announcement later this week.
Time is running out for an official announcement, with some market participants saying they need a replacement mechanism to be in place by the end of this month allow for the changes in derivative contracts and for implementation onto trading desks.
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