Etching Resist Ink Market Size, Share, Growth, and Industry Analysis, By Type (Photoimageable, UV Curable, and Thermal Curable), By Application (PCB Etching, Metal Etching, and Other), Regional Insights, and Forecast To 2032

Report Overview

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The global etching resist ink market size was USD 118.5 million in 2020. As per our research, the market is expected to reach USD 157 million by 2027, exhibiting a CAGR of 4.1% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with Etching Resist Ink Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Etching with respect to Acid and Alkali Resistant Inks are inks which are specially made to withstand the etching effects of acids and alkalis. These inks are frequently used in processes like metal stamping or chemical etching where exposure to these chemicals is possible. The use of acid and alkali etching-resistant ink is crucial since it helps guard against these chemicals damaging the image or text that is being printed. In 2014, Metal Etching came in second to PCB Etching as the largest application segment.

There is a rising need for acid and alkali etching resistant ink in the electronics sector for semiconductor devices and printed circuit boards. escalating demand for labels, nameplates, and other aesthetic applications from the automotive industry. Because it performs better than traditional printing inks, acid and alkali etching-resistant ink is becoming more and more popular in packaging applications. The factors impacting the etching resistant ink market share and revenue, resulting in overall market growth, include the rising use of acid and alkali etching resistant ink in medical device manufacture due to its biocompatibility qualities.

COVID-19 Impact Pandemic to have a Negative impact on the Etching Resist Ink Market Growth

The disease has spread to practically every country in the world since the COVID-19 viral outbreak in December 2019, and the World Health Organization has declared it a public health emergency. The market for etching resist ink will be considerably impacted in 2020 by the effects of the coronavirus illness 2019 (COVID-19), which are already beginning to be felt on a global scale. Flight ticket cancellations, restrictions on traveling and quarantines, restaurant closures, restrictions on all indoor and outdoor events, the declaration of states of emergency in most countries, a significant slowdown in the supply chain, stock market volatility, a decline in business confidence, rising public panic, and uncertainty about the future are just a few of the effects of the COVID-19 outbreak.

Latest Trends

"Increasing Popularity to Boost the Etching Resist Ink Market Growth"

Digital photographs are frequently printed on a variety of mediums using etching-resistant ink. These inks also decrease the amount of time needed for on-demand printing, which lowers costs. As opposed to conventional printing processes like flexography, lithography, letterpress, and gravure, digital printing doesn't require the replacement of printing plates, hence the demand for etching resistant ink is expected to increase quickly in the future years.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Photoimageable, UV Curable, and Thermal Curable amongst which Photoimageable is the leading segment.

• By Application Analysis

Based on application, the market can be divided into PCB Etching, Metal Etching, and Other amongst which PCB Etching is the leading segment.

Driving Factors

"Technological Advancements to Surge the Etching Resist Ink Market Growth"

As opposed to conventional printing processes like flexography, lithography, letterpress, and gravure, digital printing doesn't require the replacement of printing plates, hence the demand for etching resistant ink is expected to rise quickly in the future years. The two main trends in the etching resistant ink market for etching resistant ink are the ongoing transition to eco-friendly inks and improvements in printing technology. Global market expansion is anticipated as a result of technological developments in the printing sector, such as the creation of inkjet printheads based on piezo technology.

"Research and Development to Augment the Etching Resist Ink Market Growth"

These piezo inkjet printheads increase image resolution by accurately dispensing tiny, exact ink droplets. Furthermore, it is anticipated that throughout the projected period, the rising adoption of UV-cured inks will support market expansion. Due to the fact that these inks use less energy, produce less heat, last longer, and don't produce ozone, they are rapidly gaining favor all over the world. Growing investments in research and development (R&D) activities can be seen as a significant opportunity for etching resistant ink market participants in the etching resistant ink industry.

Restraining Factors

"Expensive Nature of the Product to Restrain the Etching Resist Ink Market Growth"

Costly etching resistant ink and low conductivity of some materials, which precludes their use in high-performance applications, are two main concerns that could impede the etching resistant ink market's ability to grow in terms of revenue. Another factor that can limit the etching resistant ink market's potential to increase its revenue is the availability of substitute technologies like 3D printing and thin-film technology.

Regional Insights

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"North America to Dominate the Etching Resist Ink Market Growth"

During the projection period of 2022–2030, North America is anticipated to hold the greatest market share for acid and alkali etching-resistant ink. This is due to a number of things, including increased R&D spending by important firms, rising consumer demand for these kinds of inks, and expanding use of 3D printing technology. Due to the increased demand from developing nations like China and India, Latin America is also anticipated to have substantial growth during this time. Due to the widespread use of these inks there across numerous sectors, Europe is anticipated to experience modest expansion during the forecast period.

Due to the increasing use of 3D printing technology and increased knowledge of the advantages of using acid and alkali-resistant inks across multiple industrial sectors, the Asia Pacific is predicted to have the fastest development rate of any region. Due to increasing demand from the automobile industry, the Middle East and Africa are predicted to develop at the fastest rate of all the areas.

Key Industry Players

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

LIST OF TOP ETCHING RESIST INK COMPANIES

• Taiyo Holdings (Japan)
• Shenzhen RongDa (China)
• Hong Kong Rockent Industries (China)
• Nan Ya Plastics (Taiwan)
• Sun Chemical (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.