The market is likely to be concentrated in developed regions such as North America or Europe during the next five years.
Demand for automotives and electronic products is also high in Asia Pacific, which will lead to a gradual shift to this region over time, a report from Transparency Market Research has suggested, which WhaTech reported on. Developments in the electronics industry and advanced printing techniques will drive the nanomaterials for printing market in years to come.
The market is anticipated to “expand rapidly” up to 2020 (the report’s forecast period), while emerging economies such as India, Thailand, Malaysia and Brazil, with growing printing electronics sectors, see corresponding growth in nano-size printing. Existing printing ink manufacturers are likely to face a “major challenge” in migrating from high-resolution and low-cost printing inks to nanomaterial formulations.
Inkjet printing is the best method for printing the materials, as inkjet is “direct and assures high level of accuracy” compared to traditional printing processes, and when coupled with the nano-size elements it enables modification of shape, morphology and size to improve performance in the end-user application. Nano-sized particles enable printing on various electronic components such as solar cells.
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Demands for high efficiency in electronic products is expected to drive the need for nano-printing in the USA, Mexico, Canada and Europe, while printed electronics can use “any solution-based material” such as semiconductors, metallic conductors, organic semiconductors or nanoparticles for printing applications.
The report further anticipates that global conglomerates in the market will focus on the emerging nations as a consumer base. These include NanoInk, Applied Nanotech, NovaCentrix and The Gwent Group.
The Recycler reported on a similar study by Markets and Markets in March 2015, predicting a compound annual growth rate (CAGR) in value terms of 22.15 percent between 2014 and 2019. It also expects a global market value of $1.794 billion (€1.584 billion) by 2019, while currently printed circuit boards account for 15 percent of the market and displays and automotive products make up 35 percent.