Functional Printing Materials Market at a CAGR of 25% through 2020. Functional Printing Market | Page 9

Global Functional Printing Market, (in $ Million) Global Functional Printing Market, By Geography, 2014-2020 ($ Million) 30,000.0 25,000.0 20,000.0 15,000.0 10,000.0 5,000.0 2014 2015 Americas 2016 Europe 2017 2018 APAC 2019 2020 RoW Source: IndustryARC Analysis and Expert Insights Europe was the leading geographic region in global functional printing market with total market worth $2.8 billion in 2014. The European market will remain strong by 2020 with the presence of key organizations and associations that have been developing new technologies for functional printing market. This is followed by Asia-Pacific and Americas that have also been witnessing a tremendous inclination for functional printing in the recent years primarily due to their low cost production. Functional printing replaced many electronic components and became the next best alternative to manufacture the electronic components. The processing time taken is less which is less than a minute and the deposits for processing can be above 50μm.  Key drivers of Global functional Printing Markets are cost reduction, economic friendly and industry feasible (high volume).  Major Industries of Global functional Printing Markets are Lighting Industry, Automotive Industry and Energy.  Key challenges of printed electronics are materials should contain improved process ability and the process requires high-throughput inline electrical characterization. Some of the key players in the functional printing market include organizations from the perspective of both material supplier and end-use components and systems fabricators such as Thinfilm Electronics, DuPont, Eastman Kodak, AGFA, GSI Technologies, BASF and many others.