Functional Printing Market Projected to Grow at CAGR of 22.08% till 2020 – Report by MarketsandMarkets

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The recent report on functional printing market published by MarketsandMarkets indicates that the market is projected to reach a value of $13.79 Billion by 2020. (http://www.marketsandmarkets.com/Market-Reports/functional-printing-market-1285.html)

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Key players - GSI technologies (U.S.), Eastman Kodak Company (U.S.), Mark Andy Inc (U.S.), Toppan Printing Co.Ltd (Japan), BASF SE (Germany), DuPont (U.S.), KovioInc (U.S.), Toya Ink International Corp (U.S.), Vorbeck Materials (U.S.), Haiku Tech

The report "Functional Printing Market by Materials (Substrate, Inks), Technology, Application, & Geography 2013 - 2020", claims that the industry is expected to grow at a CAGR of 22.08% from 2013 to 2020.

Browse more than 81 Market Data Tables with 63 Figures spread through 321 Pages and in-depth TOC on "Functional Printing Market".
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The demand for the new variety of low cost electronic products, made possible by a range of printing techniques and materials, is increasing through 'functional printing', across the geographies.

Conventional printing techniques like inkjet, screen, flexography, gravure, etc. have been modified to carry out printing on a range of substrates using the functional inks. Currently, the screen printing technique dominates the functional printing market due to it high reliability. 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 is being employed to produce RFID chips, OLED displays, sensors, and such other products.

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There are lot of materials being developed as substrates and inks for printed products which are the key to producing robust and reliable electronics. Also, increasing demand for RFID tags, displays, and biosensors is further driving the market for functional printing. The existing printing technology is not specially designed for functional printing purpose. However, now the firms in this industry are coming up with specially designed printing technologies for printing electronics.

Functional printing delivers the scale of printing the functions of electrical or electronics within the unique form factors that are thin and flexible. Functional printing can be achieved using techniques that are familiar to the graphics printing industry; and the methods mainly used for functional printing are roll-to-roll and sheet-fed methods. Technological advances, availability of wide range of substrates, and large area printing options which are increasing day by day —promise a mass of thin, lightweight, and flexible products. The rise in the demand for items like smart labels, mobile phone antennas, and disposable sensors —is one of the sprime factors for the current boom in the market for printed electronics that could facilitate the growth of the functional printing market, furthermore.

The mass production of electronics by functional printing is done by various printing technologies like screen printing, inkjet printing, gravure printing, flexography, and other printing technologies. The functional printing market is, again, segmented into materials wherein the ink is transferred from the printing form on to the substrates like glass, plastic, and paper. Coating is applied onto the surface of the substrate, which helps to improve and protect the surface properties, necessary for a functional performance. Some of the main application areas of functional printing are printed OLED displays, sensors, printed batteries, RFID, and so on. In-depth analysis of the global functional printing market in geographical regions like North America, Europe, Asia pacific and Rest of the world has also been prepared in the report.

The functional printing market is segmented into five categories which 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 far as the APAC region is concerned, most of the demand comes from China.

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