Top 10 Companies in the Silver Inks and Pastes Industry (2025): Market Leaders Powering Advanced Electronics

In Business Insights
November 23, 2025


The Global Silver Inks and Pastes Market was valued at USD 2.81 Billion in 2023 and is projected to reach USD 4.32 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2023–2030). This robust growth is primarily driven by the escalating demand for printed electronics, the rapid expansion of the photovoltaic (PV) solar industry, and the continuous innovation in conductive materials for applications ranging from flexible displays to Internet of Things (IoT) sensors.

As industries worldwide push for smarter, more connected, and energy-efficient solutions, the role of high-performance conductive materials becomes critically important. Silver inks and pastes, known for their superior electrical conductivity, oxidation resistance, and printability, are at the forefront of this technological revolution. In this analysis, we profile the Top 10 Companies in the Silver Inks and Pastes Industry—a group of chemical giants, specialty material developers, and nanomaterial innovators shaping the future of electronic printing and energy generation.

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🔟 1. Heraeus Electronics

Headquarters: Hanau, Germany
Key Offering: Silver Conductive Pastes, Silver Inks for PV and Electronics

Heraeus Electronics is a global leader in precious metal technology, supplying high-performance silver pastes that are essential for silicon solar cell manufacturing. Their products are renowned for high efficiency and reliability, serving top-tier solar panel producers and electronics manufacturers worldwide.

Innovation Initiatives:

  • Development of fine-line printing pastes for next-generation PERC and HJT solar cells

  • Expansion into silver nano-inks for printed flexible electronics

  • Focus on reducing silver content to lower costs while maintaining performance


9️⃣ 2. DuPont

Headquarters: Wilmington, Delaware, USA
Key Offering: DuPont™ Solamet® PV metallization pastes, conductive inks

DuPont is a cornerstone of the photovoltaic supply chain, with its Solamet® brand being one of the most recognized names in silver pastes for solar cells. The company invests heavily in R&D to improve cell efficiency and drive down the cost per watt of solar energy.

Innovation Initiatives:

  • Pioneering pastes for TOPCon and shingled cell technologies

  • Advanced formulations for high-density interconnect (HDI) PCBs


8️⃣ 3. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Silver pastes, conductive inks for graphic arts and electronics

DIC Corporation, through its Sun Chemical subsidiary, is a major force in printing inks and functional materials. Their expertise in pigment and polymer science translates into highly stable and consistent silver conductive formulations for a wide array of applications.

Innovation Initiatives:

  • Integration of sustainable materials into ink formulations

  • Development of inks for wearable electronics and smart packaging

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7️⃣ 4. Henkel AG & Co. KGaA

Headquarters: Düsseldorf, Germany
Key Offering: LOCTITE® ECAs (Electrically Conductive Adhesives), silver inks

Henkel is a leading provider of adhesive technologies, including a comprehensive portfolio of electrically conductive materials. Their silver-based products are designed for applications where soldering is not feasible, such as heat-sensitive components and flexible substrates.

Innovation Initiatives:

  • Focus on low-temperature cure inks for flexible and printed electronics

  • Development of sinterable silver nano-inks for high-conductivity traces


6️⃣ 5. Ferro Corporation

Headquarters: Cleveland, Ohio, USA
Key Offering: Silver conductor pastes for thick-film electronics, PV cells

Ferro is a specialized materials manufacturer with a strong presence in the electronic materials sector. Their silver pastes are critical components in the production of ceramic substrates, automotive sensors, and various thick-film hybrid circuits.

Innovation Initiatives:

  • Tailored paste systems for multilayer ceramic capacitors (MLCCs)

  • Expansion of product lines for the electric vehicle (EV) battery market


5️⃣ 6. Sun Chemical (Subsidiary of DIC)

Headquarters: Parsippany, New Jersey, USA
Key Offering: Solaris™ silver conductive inks, pastes for printed electronics

Sun Chemical is one of the world’s largest producers of printing inks and pigments. Its electronic materials division is a key supplier of silver inks used in membrane switches, RFID antennas, and printed sensors, leveraging vast expertise in coating and printing technologies.

Innovation Initiatives:

  • Investment in nanoparticle technology for enhanced print resolution

  • Collaborations with OEMs to develop application-specific ink solutions


4️⃣ 7. Harima Chemicals Group, Inc.

Headquarters: Tokyo, Japan
Key Offering: NPS-J silver nanoparticle inks

Harima Chemicals is a prominent Japanese specialty chemical company known for its innovative NPS-J series of silver nanoparticle inks. These inks are designed for low-temperature sintering, making them ideal for printing on plastic films and other temperature-sensitive materials.

Innovation Initiatives:

  • Leading the development of nanoparticle-based conductive inks

  • Focus on inkjet printing applications for flexible and organic electronics

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3️⃣ 8. Advanced Nano Products Co., Ltd. (ANP)

Headquarters: Bongdong-eup, South Korea
Key Offering: Silver nano inks, dispersions, and pastes

ANP is a specialist in nanotechnology, producing high-purity metal nanoparticles. The company’s silver nano-inks are recognized for their excellent conductivity after low-temperature processing, catering to the growing market for printed and flexible electronics.

Innovation Initiatives:

  • R&D in hybrid nanoparticle-solder systems

  • Expansion into copper and other metal nano-inks to reduce dependency on silver


2️⃣ 9. Creative Materials Inc.

Headquarters: Ayer, Massachusetts, USA
Key Offering: Conductive adhesives, inks, and coatings

Creative Materials is a leading formulator of specialty conductive compounds. They offer a wide range of silver-filled products, including inks for screen printing and dispensable pastes, serving the medical device, automotive, and aerospace industries.

Innovation Initiatives:

  • Development of biocompatible conductive inks for medical sensors

  • Custom formulations for demanding environmental conditions


1️⃣ 10. Heraeus

Headquarters: Hanau, Germany
Key Offering: Silver inks for membrane switches, RFID, and photovoltaics

Heraeus also holds a significant position in the functional inks market beyond photovoltaics. Their broad portfolio includes products designed for robust performance in automotive interiors, consumer appliance interfaces, and item-level tracking systems.

Innovation Initiatives:

  • Integration of silver inks with other functional materials for multi-layer devices

  • Enhancing durability and environmental resistance of printed conductive traces

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Silver Inks and Pastes Market – View in Detailed Research Report


🌍 Outlook: The Future of Silver Inks and Pastes Is Integrated and Intelligent

The silver inks and pastes market is evolving beyond traditional applications. While thick-film electronics and solar cells remain the volume drivers, the future lies in high-precision, multi-functional printing for next-generation technologies.

📈 Key Trends Shaping the Market:

  • Rising demand for high-efficiency, low-silver-content pastes in the solar industry to reduce manufacturing costs

  • Accelerating adoption of printed and flexible electronics in healthcare, automotive, and consumer goods

  • Development of hybrid material systems combining conductivity with other properties (e.g., transparency, stretchability)

  • Growing focus on sustainability, driving research into recycling silver from end-of-life products and developing alternative materials

Get Full Report Here:
Silver Inks and Pastes Market – View in Detailed Research Report

The companies profiled are not merely suppliers of conductive materials; they are essential enablers of technological progress, providing the foundational elements that power innovation across a vast spectrum of modern industries.