Southeast Asia Printed Electronics Ink Market Research Report: Forecast (2022-2027)

Market Definition

2021 has been a promising year for printed electronics, with substantial investments and various applications witnessing commercial adoption. The technology refers to electronic devices being developed on different substrates like polymers, paper, glass, etc., using conductive inks, which are electrically conductive printable inks used in printed electronics. OLEDs, wearable devices, biosensors, & displays are a few typically used printed electronics. Electronics developed on substrates are more eco-friendly, flexible, lightweight, & cost-effective than traditional ones.

Market Insights

With the increasing demand for smaller, compact, & less expensive products, electronic component manufacturers are incorporating low-cost & high-volume solutions. Printed electronics are amongst the most cost-effective production methods for certain electronic applications and are gaining significant traction across different industries in Southeast Asia.

The Southeast Asia Printed Electronics Ink Market is projected to witness considerable growth during the forecast period, i.e., 2022-27. Southeast Asia has experienced a massive influx of Foreign Direct Investment (FDI) in the Electronics manufacturing industry, which, in turn, has boosted the demand for printed electronics inks across the region during 2017-19. 

Major countries in the region, including Vietnam, the Philippines, Indonesia, & Malaysia, massively produce consumer electronics like TV, cellular phones, radios, computers, etc. The region also makes critical electronic components, such as hard disk drives & semiconductors. With all the available assembly lines for manufacturing electronic goods, the Printed Electronics Ink products have been in significant demand, which is further likely to grow with the mounting influx of FDI in Southeast Asia.

Moreover, the demand for high-quality ink & coating materials is increasing among manufacturers, which could help manufacture lighter, smaller, and technologically advanced products. Hence, this offers lucrative growth opportunities for the market.

Impact of Covid-19 on the Southeast Asia Printed Electronics Ink Market

• Lockdown measures, escalating Covid-19 infection, supply chain disruption, delayed investments, and economic uncertainties in 2020 were the key reasons that hampered the growth of the Printed Electronics Ink Market.
• Due to the Covid-19 pandemic, the electronic industry got adversely impacted and negatively influenced the demand for printed electronics inks.
• The manufacturing facilities of electronic components were put on hold due to the unavailability of the workforce & logistic slowdown.
• The display industry was also significantly impacted due to the pandemic, as the display manufacturers experienced disruptions in the production & supply chain.
• However, with increasing government initiatives to recover economic losses, the Printed Electronics Ink market expects its revival and decent growth in the coming years.