Press release
Global Functional Printing Market to Reach USD 63.66 Billion by 2029, Driven by Additive Manufacturing Adoption
Functional Printing Market
The Global Functional Printing market is projected to achieve a value of US$ 63.66 Billion by 2029, with a robust Compound Annual Growth Rate (CAGR) of 18.53%. Functional printing encompasses 2D and 3D printing technologies, offering graphical effects such as electroluminescent and electrochromic effects. It facilitates the printing of functional electronic objects using inks and substrates, enabling precise control over desired patterns.
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Report Scope and Research Methodology
This comprehensive report presents an in-depth analysis of the global functional printing market, encompassing market dynamics, segmentation, competitive landscape, and regional insights. The research methodology involved a combination of primary and secondary research, including qualitative and quantitative assessments, to provide a holistic understanding of the market. The report has also covered region-wise market trends and analyzed the revenue impact of the COVID-19 pandemic on market leaders, followers, and disruptors.
Market Drivers
The global functional printing market is driven by several factors, including simplified additive manufacturing to print fine features and structures onto all substrates, low manufacturing costs, a wide range of substrates, and high-speed manufacturing. Additionally, the potential to reduce environmental impact, energy consumption, and material wastage is projected to propel market growth during the forecast period.
Market Restraints
However, existing technologies not being suitable for electronic printing is restraining market growth at the global level.
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Regional Insights
North America: Held a significant market share in 2022 and is anticipated to maintain its dominance, driven by continuous technological advancements and government financial support. Increasing demand for near-field communication (NFC) and RFID tags in the retail sector is expected to further boost market growth.
Asia Pacific: Expected to experience rapid growth during the forecast period, attributed to the presence of numerous printing and electronic companies utilizing printing in their manufacturing processes. The region benefits from a large pool of printing companies and robust investments in research and development activities.
Market Segmentation
Inkjet printing emerged as the leading segment in 2022, driven by its adoption in industrial and 3D printing applications. Inkjet printers deliver high-resolution images or documents by accurately depositing tiny droplets of ink onto various surfaces, including textiles, glass, and printing materials. The segment is expected to witness substantial growth, propelled by its high speed, non-contact printing, and cost-effectiveness.
by Material
Substrates
Glass
Plastic
Paper
Silicon carbide
Allium nitride (GAN)
Others
Inks
Conductive inks
Graphene ink
Dielectric inks
Others
by Technology
Inkjet printing
Screen printing
Gravure printing
Flexography
Others
by Application
Sensors
Displays
Lighting
Batteries
Photovoltaics
RFID tags
Others
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Market Key Players
1. HP Development Company, L.P.
2. Haiku Tech
3. Avery Dennison Corporation
4. BASF SE
5. Blue Spark Technologies
6. Display Corporation
7. E Ink Holdings Inc.
8. Eastman Kodak Company Ltd
9. EnfucellOy
10.GSI Technologies LLC
11.Isorg
12.Mark Andy Inc.
13.Nanosolar Inc.
14.Novaled AG
15.Optomec Inc.
16.Toppan Forms Co. Ltd
17.Toyo Ink Sc Holding Co. Ltd
18.Vorbeck Materials Corporation
19.Xennia Technology Limited
20.Xaar PLC
21.DuPont
22.KovioIn
23.Altana AG
24.AGFA-Gevaert Corporation
25.DuraTech Industries Inc.
26.Kovio Inc.
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Table of content for the Functional Printing Market includes:
Global Functional Printing Market: Research Methodology
Global Functional Printing Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Functional Printing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Key Offerings:
Market Share, Size & Forecast by Revenue
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by segments and sub-segments
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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