The global functional printing market is anticipated to grow significantly over the forecast period. Functional printing is a two-dimensional or three-dimensional with the aim of bringing functionality in whatever we produce. Some of the common applications of functional printing are 3D printer, printed electronics, and RFID. Other applications of functional printing may include production of sensors, solar cells or QR or bar code, OLED displays, OLED lightening, and batteries.
The printing can be visible or invisible depending upon the nature or type but it should have some common functional characteristics of functional printing. One of the key drivers of the functional printing market is the field is very diverse and new. Due to this fact, there is no real market leader of the market. In other words, functional printing is a type of production process which controls and deposits the selective patterns upon the material. The technology employed presently is limited to printing of graphics but functional printing is the extension of the printing.
The biggest driver of the market is the focus of two groups of stakeholders on the market, one is innovators and engineer and the other is group made up of digital printers. The first groups of stakeholders are innovating a number of ways by which technology is used in producing objects. This has indeed led to the development of various innovations and emerging technologies in the field of functional printing. While other set of stakeholders with a number of innovations due to continuous research and development are expected to enter the market with high growth prospects.
Last decade, lighting and display markets have been witnessing major development in regard to functional printing technology. This can also be seen as the biggest driver for the market. while on other hand, developments in the technology of potential tablets or smartphone is one of the major restraints in the market.
The technology used in the functional printing can be classified into screen printing, flexography, inkjet, and others. It can also be segmented into inks and substances such as dielectric inks, graphene ink, and conductive ink.
The geographical segment of the functional printing market is divided into four regions namely Asia-Pacific, North America, Europe, and Row.
Low cost manufacturing processes, high volume resulting in economies of scale production, lightweight and robust, which intern increase customer friendliness, are major drivers of the market for functional printing.
Whereas on other hand, stability of ink with the help of viscosity and ink interaction with printer are major resistant for the growth of the market. The industry has witnessed converges with relative or non-relative industries such as inks, chemicals, etc over the year, hence this also facilitates the development of the product.
Eastman-Kodak, GSI technologies, Mark-Andy Inc., DuPont, Haiku, Xaar, Blue Spark, and universal display corporation are major companies in the functional printing market.
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