Global nanotechnology-enabled printing market set to experience sustained growth
October 10, 2014
The continued improvement and development of global nanotechnology has seen its utilisation in the printing industry contribute to a sustained market growth.
Globally, the market for nanotechnology-enabled printing was around $14Bn in 2013. With a predicted compound annual growth rate (CAGR) of 17.7% over the coming five years, it is expected that the market will total $31.8Bn by 2018. In terms of market share, the North American market is also experiencing a high CAGR at 18.3%. This indicates a growth from $2.7Bn in 2013, to $6.3bn by 2018. The European market is experiencing a similarly unprecedented rise, with a CAGR predicted of 18.6%. With a forecasted rise of $2.3Bn in 2013 to $5.3Bn in 2018 it is clear that, worldwide, the nanotechnology-enabled printing industry is enjoying a sustained and substantial growth.
Through the manipulation of matter at a microscopic level, nanotechnology can create materials, services and even whole systems; printing is one of its more practical applications. Nanotechnology is so desirable due to its adaptability. It has both thermal and electrical properties, is durable through its strength, is transparent, has the capabilities to store high energy, is lightweight and still maintains flexibility.
One key area of the printing industry in which nanotechnology has been deployed and is highly valued is within the 3D printing industry. The recently refined development of 3D printing ensures this technology is now at a stage where structures and products can be formulated independent to their shape’s initial complexity. For example, 3D printing is now being used to print lithium-ion onto microbatteries – which are a similar size to a grain of sand. Applying this pioneering style of printing to nanotechnology brings with it a wealth of advantages, including reducing printing speeds, ensuring fewer waste products are produced and ultimately keeping the whole process as cost effective as possible.
The development of nanotechnology in printing has also opened the door to the possibility of developing 4D printed materials. Such products adapt to their environment through changing their size and shape; nanotechnology means some 4D products can also assemble from their individual parts to create a final object.
A dynamic yet volatile concept, nanotechnology is undergoing continual developments and changes. Although nanotechnology is amongst the latest viable hi-tech solutions to be delivered to the global printing market, industries must ensure they have a sustained knowledge behind this ever-expanding sector in order to keep pace with the expanding market and benefit sufficiently.
Interested in global nanotechnology printing research? Read the latest market research: Nanotechnology in Printing: Global Markets
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