Nanomaterials for Printing Market - Demand, Outlook, Industry, Trends by 2023
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Nanomaterials used for printing are primarily based on metals and other materials that are conductive in nature, making them suitable for electronics applications. Materials that can be used include copper, gold, and silver. Major developments in the electronics industry and advanced printing techniques are anticipated to drive the nanomaterials for printing market in the near future. These materials are best suited for the inkjet printing process, as this process is direct and assures high level of accuracy vis-à-vis traditional printing processes. Additionally, the printing process coupled with nano-size of the materials enables modification of the shape, morphology and size in order to realize performance gains in end-use applications. For instance, nano-sized particles facilitate printing on various electronic components such as solar cells that have large array. The nanomaterials for printing market is expected to expand rapidly during the forecast period led by significant increase in automotive and electronics applications. Despite several drivers such as growth in electronics, automotive and other end-user industries, existing manufacturers of printing ink are likely to face the major challenge of migrating from high resolution and low cost printing inks to nanomaterials formulations or inks.
In terms of volume, Asia Pacific is projected to witness high demand for nanomaterials for printing during the forecast period due to the strong and continued growth of the electronics industry in the region. Considering the tremendous growth in printing electronics, emerging economies such as India, Thailand, Malaysia and Brazil are expected to be the largest markets for nanomaterials for printing in the next few years. Printed electronics can use any solution-based material including inorganic semiconductors, metallic conductors, organic semiconductors, and nanoparticles for printing application. Moreover, demand for these printing materials is anticipated to remain high in developed regions such as the U.S., Mexico, Canada, and Europe due to the ever-increasing demand for high efficiency of electronic instruments coupled with miniaturization of electronic products. Global conglomerates operating in the nanomaterials for printing market would focus on the emerging nations to tap the immense consumer potential. The global nanomaterials for printing market is expected to expand significantly in the next few years due to increased demand in developing and developed nations.
Some of the key players operating in this market include NanoInk, Inc., Applied Nanotech, Inc., NovaCentrix, Clariant International and The Gwent Group.
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