Industrial Printing market to reach over $103 billion by 2018

Industrial printing is sized at $43.7 billion in 2013, after growing at an average CAGR of 13.4% annually from 2008-13.

This market is set to accelerate even more in coming years, according to a new market report by Smithers Pira. Part of this rise is due to a widespread economic recovery spurring demand for construction and new car sales, but the capability of new technology in biomedical applications, displays and electronics is also very important.

The Future of Industrial Decoration and Printing to 2018 provides a comprehensive five year forecast of the global industrial decoration and printing industry, containing details of regional markets and trends in addition to various applications and end uses.

Industrial print is used to produce décor and laminated surfaces, ceramics, glass, automotive applications, many promotional/miscellaneous items and many electronic products. Numerous research groups are exploring printed electronics and bio-medical applications, which are steadily gaining traction and coming to market.

However, according to the report, it is not all good news in electronics. Several high profile companies using print to make photovoltaics have ceased trading, but display and lighting are performing particularly well. There is also the rapidly developing 3D printing, which is widely used in the design of many items, and increasingly as a manufacturing technique in its own right for complex objects and small bespoke medical devices such as dental implants and hearing aids.

Source: Smithers Pira

In terms of individual sectors, printed décor and laminates, including flooring, is the largest. However growth rates are at the low end as the sector is mature; one of the leading players, the Formica Corporation, celebrated its 100th birthday in 2013.

In the five years to 2013 bio-medical print has grown at the fastest rate, followed by industrial uses of 3D printing. According to the Future of Industrial Decoration and Printing, printed electronics will lead the growth in coming years as the promise of the technology finally comes to market. Going forward, the lowest growth sector will be for promotional decoration and a broad sector of miscellaneous products, but even this is forecast to be positive.

According to the report, screen printing is the most widely used process in 2013 and this will continue as many suppliers have come to rely on the simple, flexible processes. It is commonly used in both web and sheet forms, and is much used to print individual items. The capability of the process to deposit thick films of functional inks is providing good value growth prospects going forward as new printed electronic products reach the market.

Regionally, Asia is rapidly becoming the major region for industrial printing with strong growth across all processes and applications. In 2018, Asia will account for 43% of all global industrial print, up from 38.8% in 2013. The prospects for industrial printing are also strong in both Western Europe and North America.

The importance of industrial printing is growing for equipment and consumable suppliers as several commercial sectors are declining and markets are coming under pressure. Many of the leading inkjet head, equipment and ink suppliers are developing new solutions which will shape the future of the industrial printing sectors.

The Future of Industrial Printing and Decoration to 2018 is available to purchase online and receive immediately for £3950. To find out more about the report and how your company can benefit from a global usage license, please contact: Heather Adams (US) T: +1 207 781 9632 or Stephen Hill (UK) T: +44 (0)1372 802025.