Published Year: 2021
Next-Generation Display Materials Market – Global and Regional Analysis: Focus on Product Type, Ap
Global Next-Generation Display Materials Market Anticipated to Reach $182.83 Billion by...
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Industry and Technology Overview
Printed Electronic Materials Market Industry Overview
The global printed electronic materials market is projected to reach $17,559.59 million by 2031 from $3,454.09 million in 2021, growing at a CAGR of 18.82% during the forecast period 2022-2031. North America and China dominated the global printed electronic materials market in 2021. North America, including major countries, such as the U.S., is the most prominent country in the market due to the presence of large automotive and consumer electronics manufacturers.
Market Lifecycle Stage
The printed electronic materials market is in the developing phase. The rising demand for flexible displays along with increasing adoption from new end users such as automotive manufacturers and the consumer electronics industry. The automotive and transportation industry has witnessed an increase in demand for printed electronic materials due to their design flexibility, high performance, and electrophoretic properties.
Figure: Global Printed Electronic Materials Market, $Million, 2021, 2022, and 2031
Impact
Some of the factors behind the expansion of the global printed electronic materials market are increased usage for manufacturing antennas, flexible displays, soft energy devices, sensors, etc. With the rising demand for thinner electronics and wearable devices expanding, the printed electronic materials market is also expected to grow simultaneously. Flexible electronics are involved in today's cell phones and displays, human and health performance tools, security tags, sensor componentry in cars and airplanes, agricultural and environmental sensors, etc. With the growing adoption of smart devices, the demand for flexible electronics is increasing worldwide, which in turn may result in an increasing demand for printed electronic materials. Further, the recent focus in the medical industry is on the development of smart cards, safe medicine packaging, smart medical wearables, and others. However, higher investment costs are hindering the printed electronic materials market growth.
Impact of COVID-19
The global lockdown due to the COVID-19 epidemic resulted in disruptions in manufacturing activity and supply networks and production halts, all of which had a negative impact on the global printed electronic materials market in 2020. Furthermore, various end-use sectors, such as automotive, consumer electronics, etc., shut down their operations, resulting in lower demand for printed electronic materials in 2020. Furthermore, the printed electronic materials market ended up with faster adoption of challenges faced during the pandemic. The market successfully provided various smart solutions in the healthcare industry, such as the use of printed electronic materials in the manufacturing of printed sensors, smart patient monitoring devices, smart masks, smart patches, etc
Market Segmentation:
Segmentation 1: by Application
• Display
• RFID Tag
• Photovoltaic Cell
• Battery
• Lighting
• Others
Based on applications, the displays segment dominated the printed electronic materials market in 2021 and was the largest segment due to the rising sales of smart devices across the globe. The rising demand for smartphones and flexible electronics devices is leading to the growth of the displays segment as these displays are continuously enhancing the customer experience in consumer electronics, automotive, etc.
Segmentation 2: by End-Use Industry
• Automotive and Transportation
• Consumer Electroncis
• Aerospace and Defense
• Retail and Packaging
• Healthcare
• Others
Based on the end-use industry, the automotive and transportation segment dominated the printed electronic materials market in 2021 and was the largest segment due to the rising sales of electric vehicles across the globe. The rising adoption of electric vehicles is leading to the rise in demand for printed electronic materials for lighting, display, etc.
Segmentation 3: by Material
• Ink
o Silver Ink
o Carbon Ink
o Copper Ink
o Others
• Substrate
o Organic
o Inorganic
The ink segment dominated the printed electronic materials market in 2021 and is the largest segment owing to growing demand from end-use industries such as automotive and consumer electronics due to its lightweight, flexible, thin, and cost-effective nature. In recent times, the demand for carbon-based ink has been increasing and seeking the interests of industrialists, which is helping in the growth of the ink segment in the printed electronic materials market.
Segmentation 4: by Technology
• Inkjet Printing
• Screen Printing
• Gravure Printing
• Flexographic Printing
• Others
Based on technology, the screen printing segment held the majority share in the printed electronic materials market in 2021. It offers the advantage of low-cost equipment providing a large amount of printing at one time and is commonly used for manufacturing membrane keyboards, radio-frequency identification (RFID) antennas, and others.
Segmentation 5: by Region
• North America - U.S., Canada, and Mexico
• Europe - Germany, France, Spain, Italy, and Rest-of-Europe
• China
• U.K.
• Asia-Pacific and Japan - Japan, South Korea, India, Australia, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World - Middle East and Africa and South America
Among all regions, the North America region dominates the printed electronic materials market as it is the hub for electronics manufacturing and also comprises leading industry players across the supply chain and a fast-developing economy. Moreover, the Asia-Pacific and Japan region is growing with the fastest growth due to rapid industrialization and urbanization.
Recent Developments in the global printed electronic materials market
• In January 2022, Creative Materials developed 129-32 thermoformable in-mold compatible electrically conductive ink, which has applicability in the screen-printing market. The product series has excellent adhesion capabilities to acrylonitrile butadiene styrene (ABS), polyester, poly (methyl methacrylate) (PMMA), polycarbonate (PC), and a variety of other high-energy surfaces.
• In August 2022, C3Nano announced the successful completion of a $35 million growth capital financing by Element Solutions Inc. Furthermore, the received growth capital comprised both equity and debt, enabling the company to expand its Hayward, California-based silver nanowire synthesis and production capacity.
Demand – Drivers and Limitations
The following are the demand drivers for the global printed electronic materials market:
• Growing Adoption of Printed Electronic Materials in the Automotive Industry
• Significant Cost Advantage
The market is expected to face some limitations too due to the following challenge:
• Higher Investment Cost
• Inability to Produce High-Quality Graphene on a Large Scale
Analyst's Thoughts
According to Neha Singh, Sr. Research Associate, BIS Research, "The global printed electronic materials market is growing due to increasing demand from the automotive and transportation and consumer electronics industry due to rise in demand for flexible and high performing materials. The automotive industry is going through multiple technological transitions simultaneously, such as electrification and fuel transition. This, of course, generates huge opportunities for new technologies, including printed electronic materials. For example, printed electronic materials enable the development of electronic components on thin, flexible substrates, which helps in decreasing the overall weight, a key consideration for electric vehicles. Furthermore, the rising energy demand and increase in the adoption of renewable energy storage are pushing users to adopt printed electronic materials. Such factors are expected to play a significant role in ensuring increased printed electronic materials adoption during the forecast period 2022-2031."
Printed Electronic Materials Market Report - A Global and Regional Analysis
Focus on Application, End-Use Industry, Material, Technology, and Region - Analysis and Forecast, 2022-2031
Some Faq's
Frequently Asked Questions
The printed electronic materials include inks and substrates. Functional inks are electrically active materials that have conducting, semiconducting, luminescent, electrochromic, or electrophoretic properties. The substrates include organic and inorganic materials.
Factors driving the growth of the market include the adoption of printed electronic materials in the automotive and transportation industry, a significant cost advantage over conventional methods, and a growing emphasis on energy storage.
The printed electronic materials market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture.
A new entrant can focus on developing and providing advanced inks and substrates that are more effective and help in fulfilling the high-performance to the components.
The following are some of the USPs of the report:
· Market analysis based on product portfolio, recent developments, and regional spread
· The analysis of key start-ups and patents analysis across the region
· Analysis of the impact of COVID-19 on the printed electronic materials market
· Analysis of the impact of the semiconductor crisis on the printed electronic materials market
The report is suitable for printed electronic materials manufacturers and companies involved in, automotive and transportation, consumer electronics, aerospace and defense, retail and packaging, and smart healthcare manufacturing.
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