Laser Induced Forward Transfer Market - Forecast(2021 - 2026)

 

Laser Induced Forward Transfer Market Overview

Laser Induced Forward Transfer market size was valued at $210.4 million in 2020, and it is estimated to grow at a CAGR of 5.1% during 2021-2026. The growth is mainly attributed to the increasing demand for miniaturized electronics and high application of direct laser writing assisted printings in material science for 3D microstructures and this further propels the laser pulse induced forward transfer market. The market growth is attributed to the factors such as rapid industrialisation, growing demand from textile and packaging industries and others. Moreover, growing demand of printing for e- commerce also boosts the market growth. The high cost of the equipment and installation cost hinders the market growth of digital printing and thereby LIFT printing. Moreover, high cost of inks, maintenance and support costs also plays the role in hindering the market growth.

Laser Induced Forward Transfer Market Report Coverage

The report: “Laser Induced Forward Transfer Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Laser Induced Forward Transfer Market.

By Application: Electronics, Material Science and Others
By Ink Type: Aqueous, Solvent, UV-cured, Latex, Dye sublimation and others
By Substrate Type: Plastic films or foils, Release liner, Glass, Textile, Paper, Ceramic and Others
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • North America dominated the Laser Induced Forward Transfer market in term of revenue in 2020 owing to the investments on advanced technologies
  • Increasing trend for miniaturization and adoption of the laser technique in printed electronics boost the market growth.
  • Printing thin films is the major challenge that hampers the laser induced forward transfer market growth.

Laser Induced Forward Transfer Market, By Geography, 2020

For More Details on This Report - Request for Sample

Laser Induced Forward Transfer Market Segment Analysis - By Ink Type


LIFT printing market is segmented into Aqueous, Solvent, UV-cured, Latex, Dye sublimation and others. The UV- Cured ink type segment held the highest market share in 2020 at 35.1%. Moreover, it is anticipated to witness significant market growth during the forecast period 2021-2026. UV inks do not dry in the air. They don't have evaporative properties and don't need them. Like liquid plastics, they respond only to exposure to UV radiation, which allows the liquid to solidify. This ensures that approximately 100 % of the ink amount is used, which greatly decreases printing costs. Furthermore, since the ink does not dry until it is healed, it is possible to leave the printing cells with ink on them, even during the weekend, without the need for cleaning and without dried-on ink. UV inks provide other advantages such as being more environmentally sustainable than solvent-based inks, strong clarity, light-fastness, smearing tolerance, clear contrast and a pleasant gloss.

Laser Induced Forward Transfer Market Segment Analysis – By End User Industry

Electronics is the fastest growing segment in Laser Induced Forward Transfer market and is estimated to grow at a CAGR of 7.2% during the forecast period 2021-2026. The growth is mainly attributed to the increasing investments in electronics industry and this drives the market growth. This technique produces electronic circuits on paper, a substrate that is flexible, cheap and recyclable. Printed electronics is gaining increasing interest due to its low cost and possibilities of production on different substrates compared to traditional electronic methods. This has further increased the demand of the laser induced forward transfer market during the forecast period.

Location: United States

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