July 21, 2024
Global Industrial Screen Printing Market

Industrial Screen Printing Market Is Estimated To Witness High Growth Owing To Increasing Demand From Printed Electronics Industry

The industrial screen printing market involves manufacturing of screens to transfer ink onto substrates for printing of textiles, packaging materials, electronic components and other industrial applications. The screen printing technique allows precise transfer of ink or coating on curved surfaces and three-dimensional objects with complex geometries. It offers high resolution, dimensional stability and repeatability. The screens used for industrial applications are manufactured using aluminum frames for durability and polyester or nylon mesh for ink transfer.

The Global Industrial Screen Printing Market is estimated to be valued at US$ 99.7 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Industrial Screen Printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG.

The Printed Electronics industry has been adopting screen printing techniques for printing of circuits, sensors and other electronic components on flexible substrates. This has opened up several opportunities for industrial screen printers to supply customized screens for unique applications. Furthermore, with growing electronics manufacturing in Asia Pacific and Latin America, industrial screen printers are expanding globally to cater to the demand from emerging economies.

Market Drivers

The growing demand from the printed electronics industry is a key driver for the industrial screen printing market. Screen printing is a well-established technology for printing of electronic circuits on substrates like plastics and ceramics. It offers advantages like low material wastage and high precision required for circuit printing. The ability to print on flexible and delicate surfaces has resulted in rising adoption of screen printing in applications like organic light emitting diodes, flexible displays and photovoltaics. This growing demand from the printed electronics vertical is expected to propel the industrial screen printing market during the forecast period.

PEST Analysis

Political: The industrial screen printing market is regulated by various environmental and workplace safety laws. Changes in trade policies could impact the prices of raw materials.
Economic: A growing economy and rising industrial production has increased demand for screen printed parts. Economic slowdowns may negatively impact market growth.
Social: Screen printing is a popular technique for branding and advertising. Increased social media usage and e-commerce has expanded markets for screen printed products.
Technological: Automation and digital technologies have improved screen printing efficiency and capability. Miniaturized print heads allow higher resolution on complex 3D surfaces.

North America region accounts for the largest share of the overall industrial screen printing market in terms of value. The region’s advanced manufacturing sector and presence of major electronics OEMs drive market growth. Asia Pacific region is projected to be the fastest growing market during the forecast period. Expanding electronics, automotive and construction industries in China, India and Southeast Asian nations support market expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.