Report Ocean has just released an all-encompassing market research report delving deep into the Functional Printing Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Functional Printing Market is valued at approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than 21.59% over the forecast period 2022-2029. Functional Printing is the process of transferring features to 2D and 3D silicon-based components. It is used to print on various substrates such as paper and glass using inks and substrates. The Functional Printing market is expanding because of factors such as increasing demand for low cost and high-speed manufacturing and simplified additive manufacturing and a wide range of substrates. This market is dominated by Eastman Kodak, BASF SE, DuPont, Toyo Ink, Avery Dennison, and Universal Display Corp.
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Low-cost manufacturing processes are a key factor behind the increasing demand for functional printing technology. Traditional low-cost, high-volume printing techniques allow low-cost production of lightweight, robust electronic components. The printing process does not require etching, metallization, or copper plating, thus eliminating the need for wastewater treatment. As per Press Information Bureau Of India, in October 2021, Prime Minister Narendra Modi announced that India will see low-cost manufacturing and high-performance opportunities after breaking ground on the C-295 transport aircraft manufacturing facility to be built by a consortium led by Tata Advanced Systems Limited (TASL) said to offer Airbus Defense and Space in Vadodara. As well as the rising surge for the simplified additive manufacturing National Center for Additive Manufacturing (NAMC) India, the strategy recommends the establishment of a specialized agency to facilitate the adoption of additive manufacturing (AM) technology through a public-private partnership (PPP) model. Subject matter experts and industry leaders should be members of this body and initiatives may be taken in consultation with all members. International cooperation is also possible. It also recommends conducting in-depth research to analyze the manufacturing sector and assess its potential. In addition, the rising demand for Inkjet technology is expected to fuel market growth of the significant market in the forthcoming years. However, the existing technologies are not suitable for electronic printing stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Functional Printing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing disease prevalence as well as it is expected to grow with the highest CAGR during the forecast period, owing to factors such as active participation of government and nonprofit organizations in the expansion of the market space. Increasing demand for Near Field Communication (NFC) in North America is expected to drive the market in the region. Mobile phones are seen as the primary payment option as smartphone technology changes rapidly. Having an NFC chip in your smartphone makes payments easy and hassle-free, making it the choice of many people who want to conduct transactions from their handheld devices.
Major market players included in this report are:
E Ink Holdings Inc.
Blue Spark Technologies, Inc.
Mark Andy Inc.
ALTANA AG
Eastman Kodak Company Ltd
Enfucell Oy
Avery Dennison Corporation
BASF SE
GSI Technologies LLC
Isorg
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Recent Developments in the Market:
In November 2020 – A team of engineers at the Carnegie Mellon University School of Engineering developed a new method to 3D bioprint a realistic model of the human heart. The model is flexible and strong enough to sew, potentially improving the way surgeons train for heart surgery.
In January 2020, BASF completed the acquisition of Solvay’s polyamide business. The European Union Commission approved Domo Chemicals of Leuna, Germany, as the buyer for the European polyamide business of BASF, which BASF was unable to acquire due to regulatory restrictions. As part of the agreement, BASF’s polyamide production capacity will be expanded to include new products. It will also improve access to emerging markets in Asia, North America, as well as South America.
Global Functional Printing Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Material, Printing Technology, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Material:
Substrates
Inks
By Printing Technology:
Inkjet Printing
Screen Printing
Gravure Printing
Flexography
Other Printing Technologies
By Application:
Sensor
Display
Lighting
Battery
Photovoltaic
RFID Tags
Other Applications
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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