The Southeast Asia Printed Electronics Ink Market is expected to witness considerable growth during 2022-27, says MarkNtel Advisors in their research report. The market growth attributes primarily to the rapid advancements in Southeast Asia’s electronics industry. Countries like Indonesia, Malaysia, and Vietnam attribute to the large-scale production of consumer electronic items, such as computers, TVs, cellular phones, etc. Moreover, the region is experiencing massive R&D investments associated with printed electronics, which, in turn, is contributing to the increasing demand for carbon conductive inks used in printed electronics.
Printed electronics are flexible, lightweight, cost-effective, and require lower power than traditional electronics. As a result, this technology finds numerous applications across aerospace, medical, automotive, and consumer electronic industries.
Further, with the surging demand for advanced OLED displays & printed RFID devices, the application of printed electronics is significantly increasing owing to higher efficiency & lower production costs, further states the research report, “Southeast Asia Printed Electronics Ink Market Analysis, 2022.”
Automotive Industry in Southeast Asia Displays Promising Market Growth during 2022-27
Southeast Asia’s automotive industry has witnessed unforeseen growth with the increasing number of manufacturing units established during 2010-20. The region is also receiving massive investments in automobile manufacturing production from key manufacturers, such as Hyundai, Porsche, etc. For instance:
In 2019, Hyundai Motors announced to invest USD 1.55 billion in the Indonesia car plant, which would increase the annual car production capacity from 1,50,000 to 2,50,000 by late 2021.
Inks used in printed electronics are beneficial in printing sensors & resistors used in various applications like seat sensors for airbag deployment & potentiometers across the automotive industry. They are also used in automotive touch screens and OLED taillights since they are easy to integrate. Hence, owing to these aspects, the demand for printed electronics ink from the automotive industry is expected to increase significantly in the coming future.
Increasing FDI in Malaysia Contributes Significantly to the Printed Electronics Ink Market
Of all countries in Southeast Asia, Malaysia witnessed considerable market growth, principally due to the snowballing FDI investments in developing electronic manufacturing industry and increasing industrial base in the country.
Further, the rapidly expanding automotive sector of Malaysia is also contributing to the increasing demand for printed electronics inks, with more & more companies investing massively in establishing automotive assembly units. For instance:
According to MarkNtel Advisors, the leading players in the Southeast Asia Printed Electronics Ink Market are Henkel, DuPont, BASF, Sun Chemical, Novacentrix, E Ink Holdings, ELANTAS, Molex, GenesInk, MacDermid Alpha Electronics Solutions.
Key Questions Answered in the Study