Challenges and Opportunities in the Functional Printing

The Functional Printing Market is expected to reach $13.79 Billion by 2020, at a CAGR of 22.08% from 2013 to 2020.

The functional printing market report is a comprehensive research study on the printing technologies and functional inks used for printing electronics. The report covers the entire market with a special focus on the various technologies involved, namely, inkjet, flexo, gravure, screen, and others. The report also showcases market statistics and insights for the major applications. The applications covered in the report are displays, lighting, sensors, photovoltaics, batteries, and RFID.

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The report contains a detailed comparative study of the major technologies involved in functional printing. The market statistics for these technologies with respect to the major applications and geographies have also been presented. A holistic study of the supporting value chain segments of the market, like the materials (inks and substrates), has been conducted in perspective of the market. The market statistics for the end products; that is the applications like displays, lighting, sensors, photo-voltaics, batteries, and RFID— have been given in the report. All these statistics shown are aimed at providing the revenue stream of the functional printing whilst identifying the major revenue pockets.

Functional printing is a production process that deposits a functional material in a controlled and selective pattern upon a material. It holds a major potential to enable the next wave in high volume electronic production. The existing printing technologies are not only used for printing graphics but, also, have extended their application for printing electronic components and are, hence, used for functional printing. It is used for a number of novel applications like photovoltaic, OLED displays, sensors, RFID, batteries, and OLED lighting.

The major factor that is fuelling the growth of the market, currently, is the fact that it is a low cost manufacturing process. The conventional high-volume-low-cost printing techniques enable the production of lightweight and robust electronic components at a lower cost; and this printing process does not involve etching, metalizing, and copper plating, thus eliminating the wastewater treatment.

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The stability of the ink for drop formation, the viscosity that must be suitable for the print heads and the ink interaction with the substrate— is taken into account while printing. These are the major factors inhibiting the growth of the market.

The market has been witnessing the convergence of several industry sectors such as printing, materials (substrate, inks, and chemicals), and electronics; which facilitate the development of new products.

The major companies into the functional printing market are 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 (U.S.), Xaar (U.K.), Avery Dennison (U.S.), Blue spark Technologies Inc (U.S.), Universal Display Corporation (U.S.), and so on.

Functional Printing Market and its Key Opportunities and Challenges

According to the new market research report the "Functional Printing Market by Materials (Substrate, Inks), Technology (Inkjet, Screen, Flexo, Gravure), Application (Sensors, Displays, Batteries, RFID, Lighting, PV, Medical), and Geography (North America, Europe, APAC, ROW) - Global Forecasts and Analysis 2013 – 2020", growing at a CAGR of 22.08% from 2013 to 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.

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Conventional printing techniques like inkjet, screen, flexography, gravure, and soon 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 is being employed 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 produce robust and reliable electronics.The developments of new inks; graphene for instance, and substrates, is further facilitating the 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, especially, from China.

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The major companies in functional printing market are Avery Dennison Corporation (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 Incorporated(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 (U.K.), and Xennia (U.K.).