Functional printing is currently evolving technology which is expected to witness new growth potential during the forecast period. It is majorly used for printed electronics, 3D printer among others. The market provides an ability to place the printable substance to cause the function in applications. Also, requirement for OLED displays, E-paper, EL displays, LCD and among others is boosting the market growth. Likewise, RFID application demand has contributed in the United States market growth.
The factors contributing in United States functional printing market is growing popularity of printed electronics. The demand for flexible electronics and need for energy efficient products with high performance, cost effective manufacturing is propelling the growth of United States functional printing market. Also, consumer awareness for printed electronics has provided ample of growth opportunity for market in U.S. Likewise, cost effectiveness and driving demand for different substrates like paper, glass and others is boosting the market growth in United States.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the United States functional printing market. In addition, complete analysis of changes on United States functional printing market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The functional printing market comprises of different market segment like technology, application, and material.
The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing has major market share for United States functional printing market due to it is been widely used to deposit various functional patterning, deposition, its emerging used in function printing application like printed electronics. Also, inkjet printing give freedom to personalize each printed product and provide on demand processing for application. Likewise, screen printing is expected to hold second position in United States market as it is majorly applied for fabrication of electronic devices.
The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is domainating the market in United States owing to its increasing application in different industrial application has the sensor segment driving demand for functional printing market. Alternatively, in sensor smart material can be deposited over the different substrates which is further enhancing the demand for segment. Also, displays are having rapid demand in market as these are widely used for consumer electronics like LED displays, OLED displays, E-paper, EL displays, among others. The different properties and features of functional printing in display is boosting the market growth.
The functional printing market has major use of material like inks, and substrates. Inks is further sub segmented into semiconducting inks, conductive inks, dielectric inks. Substrates is the dominating segment in functional printing market in United States. The factor contributing market growth are these substrate are widely used in application like displays, circuits and others. Substrates plays an important parameter for the application thereby has growing requirement for functional printing. Also, it provides advantages over high temperature flexible substrates like surface quality, ink adhesion, temperature stability and other. Besides, different substrates like glass, paper, and others are some of major substrates used in functional printing market. Likewise, inks availability and demand in United States functional printing products is boosting the market
The key players in functional printing market are Avery Dennison Corporation , BASF SE , Blue Spark Technologies , E Ink Holdings Inc. , Eastman Kodak Company, Enfucell Oy, The Nissha Co., Ltd , Mark Andy Inc., ALTANA AG , AGFA , Trident industrial inkjet , Ceradrop , Hp development company , Novaled AG, Optomec Inc., Universal display corporation, Toyo Ink Sc Holding Co. Ltd , Novacentrix , Xennia Technology Limited and Xaar PLC among others.
April 2021: Visionox Technology, Inc. and Universal Display Corporation extended the Long-Term OLED Agreements. This agreements extends the Universal Display’s supply of its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Visionox Hefei Technology Co. Ltd. through its wholly-owned subsidiary UDC Ireland Limited.
January 2020: Kodak and Uteco had announced the successful installation of the first UTECO Sapphire EVO Press powered by KODAK Stream Inkjet Technology. This high production digital inkjet press expands the company’s packaging print capabilities, with a cost-effective and highly flexible digital solution for high-speed, high-quality applications.
May 2019: Avery Dennison had announced that it optimized new materials for digital printing, with digital continuing to grow, the supplier has developed products for EP and inkjet applications.
May 2019: HP Inc. unveiled a series of innovations and partnerships helping its customers accelerate their digital manufacturing journey. HP expanded its industry-leading 3D printing portfolio with the new Jet Fusion 5200 Series 3D printing solution, an industrial 3D printing system bringing new levels of manufacturing predictability, efficiency, repeatability, and quality to customers scaling to full production.
The report analyses the United States functional printing market based on by technology, application, and material.
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