Functional printing is a two dimensional or three dimensional with aim of bringing functionality in product or applications. It is commonly used in different application like 3D printer, RFID and printed electronics. The growing technology innovation and demand for various electronics products has fuelled the demand for market. Also, growing innovation in tool, sensor, visual communication properties is accelerating the market to huge extend. The low cost of production in functional printing and demand for various application is the key factor for propelling the demand for market.
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MARKET DYNAMIC- EUROPE FUNCTIONAL PRINTING MARKET
The Europe functional printing market is driven by growing popularity of printed electronics in different European countries. Likewise, cost effectiveness for the production of functional printing using different technology is accelerating the demand for market. Alternatively, high speed manufacturing using functional printing for various application with wide range of inks and substrates is propelling the demand for market in Europe region. Also, different technology features with material for application manufacturing is the key factor boosting the growth of market.
COVID 19 IMPACT ON EUROPE FUNCTIONAL PRINTING MARKET REPORT
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Europe functional printing market. In addition, complete analysis of changes on Europe 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.
EUROPE FUNCTIONAL PRINTING MARKET SEGMENTAL OVERVIEW
The functional printing market comprises of different market segment like technology, application, material and country.
EUROPE FUNCTIONAL PRINTING MARKET BY TECHNOLOGY
The functional printing is available in market according different technology including inkjet printing, screen printing, gravure printing, flexography and others. Inkjet printing is leading segment in Europe functional printing market by technology. Inkjet printing mostly have different type like continuous inkjet printing and drop on demand inkjet printing. The technology is widely used for various application as it enable to deliver small amount of material ink to specific location of substrate. Also, inkjet printing of functional material with specific electrical, optical, chemical has gained significant attention as alternative to conventional method. Likewise, screen printing is mostly used for process of transferring design onto flat surface using mesh screen, ink and other.
EUROPE FUNCTIONAL PRINTING MARKET BY APPLICATION
The functional printing market finds its major application in rfid, lighting, sensors, batteries, photovoltaics, displays and others. Sensors is domainating in Europe functional printing market as helps in information processing system which are widely used in different application. It is cost effective and are mostly capable to monitor different condition in application. This has led the driving demand for sensor in functional printing market. Likewise, displays is also witnessing rapid demand for functional printing market owing to rising requirement for different electronics in end uses, displays, screen, 3D printer has significantly contributed in market growth.
EUROPE FUNCTIONAL PRINTING MARKET BY MATERIAL
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 has register major market share in 2020 and is expected to maintain its dominance over the forecast period. The low cost of substrates material and manufacturing has provided new growth avenue for functional printing market. Likewise, availability of different substrates across the Europe different countries is accelerating the growth of market. Additionally, inks is experiencing demand at specific growth rate during the estimated time period.
EUROPE FUNCTIONAL PRINTING MARKET BY COUNTRY
The Europe functional printing market is studied for the following countries like Germany, U.K, France, Italy, Spain and Rest of Europe. Germany is the leading country in Europe functional printing market owing to increasing adoption of technology for printing various application. Besides, rising demand for various electronics component, circuit, and printed electronics has fuelled the growth of market. Also, presence of key manufacturer operating in functional printing market is contributing to market a rise during the forecast period. Alternatively, U.K. is expected to experience rapid demand for market owing to increasing research and development activities in functional printing which is fuelling the market growth to huge extend.
EUROPE FUNCTIONAL PRINTING MARKET KEY PLAYER
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.
RECENT DEVELOPMENTS:
July 2021: Xaar acquired print systems and printbar specialist FFEI Limited. FFEI is a leading integrator and manufacturer of industrial digital inkjet systems and digital life science technology. This deal accelerated the company’s existing growth strategy and enabled Xaar to capture additional opportunities in vertically integrated solutions.
May 2021: Toyo Ink Europe N.V., a member of Japan’s Toyo Ink Group, launched the FLASH DRY (FD) LED S5 series, which is a new line of low energy-curable LE-UV and LED-UV inks for the offset printing market. These inks are highly reactive and require minimal levels of energy to cure, while offering higher gloss levels and a wider water window. This new series inks are also designed to meet the sustainability needs of today’s commercial printers.
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.
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