Functional Printing Market Sees Global GrowthNovember 21, 2013
A new report published by MarketsandMarkets forecasts sales in this market will reach $13.79 billion by 2020, with demand pushing across a variety of geographies.
DALLAS /PRNewswire/ -- MarketsandMarkets announces the release of the report titled "Functional Printing Market by Materials (Substrate, Inks), Technology (Inkjet, Screen, Flexo, Gravure), Application (Sensors, Displays, Batteries, RFID, Lighting, PV, Medical), & Geography (North America, Europe, APAC, ROW) (2013 - 2020)".
The demand for a new variety of low-cost electronic products, made possible by a range of printing techniques and materials, has pushed the demand for functional printing, across geographies. Conventional printing techniques like inkjet, screen, flexography, and gravure have been modified so as to be capable of printing on a range of substrates using functional inks. Currently, the screen-printing technique dominates the functional printing market due to it high reliability, and it is mainly used in the production of RFID antennas and sensors. The functional printing market is growing as a result of the enormous opportunities, and it is being used to produce RFID chips, OLED displays, sensors, and so on.
There are a lot of materials being developed as substrates and inks for printed products, and these materials are the key to producing robust and reliable electronics. The development of new inks, graphene for instance, and substrates is further facilitating companies to adopt printed electronics using functional printing. Also, the increasing demand for RFID tags, displays, and biosensors is further driving the market for functional printing. The existing printing technologies are not specially designed for functional printing purposes, but now firms are coming up with printing technologies designed especially for printing electronics.
The functional printing market is segmented into five categories that include materials, technology, coating, application, and geography. This report divides the overall market into four major geographical segments, namely North America, Europe, APAC, and ROW. North America contributes more when compared to the other segments. The manufacturers of the functional printing equipment and suppliers of materials are mainly from North America. As for the APAC region, most of the demand comes from China.
The major companies in functional printing market are Avery Dennison Corp. (U.S.), BASF SE (Germany), Blue Spark Technologies (U.S.), DuraTech Industries Inc. (U.S.), E Ink Holdings Inc (Taiwan), Eastman Kodak Company (U.S.), EnfucellOy (Finland), ESMA (Belgium), GSI Technologies LLC (U.S.), ISORG (France), Kovio Inc. (U.S.), Mark Andy Inc. (U.S.), Nano Solar Inc. (U.S.), Novaled AG (Germany), Optomec Inc. (U.S.), Palo Alto Research Center Inc. (PARC) (U.S.), Toppan Forms Co. Ltd (U.S.), Toyo Ink SC Holdings Co. Ltd. (U.S.), Trident Industrial Inkjet (U.S.) , Vorbeck Materials (U.S.), Xaar PLC (UK), and Xennia (UK).
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