At 2.5% CAGR, the South & Central America Screen Printing Mesh Market is projected to be worth US$ 59.23 million by 2030, says Business Market Insights
According to Business Market Insights research, the South & Central America screen printing mesh market was valued at US$ 48.78 in 2022 and is expected to reach US$ 59.23 million by 2030, registering a CAGR of 2.5% from 2022 to 2030. Growing demand for screen printing in solar panels manufacturing is among the critical factors attributed to the South & Central America screen printing mesh market expansion.
Screen printing has emerged as a crucial technology in the production of solar panels, and its demand has been steadily growing in recent years. This trend is primarily driven by its cost-effectiveness and efficiency in manufacturing photovoltaic cells. Screen printing allows for the precise application of conductive materials, such as silver paste, onto solar cell surfaces, enabling the creation of electrical pathways. This method's popularity has surged due to its ability to produce high-quality solar panels at a lower cost, making renewable energy more accessible to a broader audience. For instance, the development of advanced screen-printing techniques has improved the conductivity and durability of solar cells. These innovations result in more efficient energy conversion and longer-lasting panels, addressing two critical concerns in the renewable energy sector-efficiency and sustainability. Additionally, the growing adoption of solar energy in various sectors, including residential, commercial, and industrial, has further fueled the demand for screen printing. According to International Energy Agency, the current global solar PV generation capacity stands at approximately 1,300 TWh, which is expected to reach at 8,300 TWh by 2030. This will involve the manufacturing of a large number of solar panels, which would further drive the South & Central America screen printing mesh market.
On the contrary, transition toward digital printing hampers the growth South & Central America screen printing mesh market.
Based on product type, the South & Central America screen printing mesh market is bifurcated into regular and dyed. The regular segment held 54.2% share of the South & Central America screen printing mesh market in 2022, amassing US$ 26.45 million. It is projected to garner US$ 30.99 million by 2030 to expand at 2.0% CAGR during 2022-2030.
Based on material, the South & Central America screen printing mesh market is segmented into polyester, nylon, tungsten, stainless steel, and others. The polyester segment held 42.7% share of the South & Central America screen printing mesh market in 2022, amassing US$ 20.84 million. It is projected to garner US$ 26.55 million by 2030 to expand at 3.1% CAGR during 2022-2030.
Based on application, the South & Central America screen printing mesh market is segmented into textiles, electronics & electricals (circuit boards, solar panels, displays, and others), glass & ceramics, and others. The textiles segment held 51.8% share of South & Central America screen printing mesh market in 2022, amassing US$ 25.27 million. It is projected to garner US$ 31.17 million by 2030 to expand at 2.7% CAGR during 2022-2030.
Based on country, the South & Central America screen printing mesh market is segmented into Brazil, Argentina, the Rest of South & Central America. Brazil held 52.2% share of South & Central America HVAC system market in 2022, amassing US$ 25.47 million. It is projected to garner US$ 31.68 million by 2030 to expand at 2.8% CAGR during 2022-2030.
Key players operating in the South & Central America screen printing mesh market are Safar AG, HAVER & BOECKER, Hebei Anping Printing Screen Co Ltd, and MeshFiltration Co., Ltd, among others.
In 2022, Sefar enlarged its SEFAR PME screen printing mesh range. These new meshes were shown at FESPA 2022. The new Sefar Open Mesh fabrics are SEFAR PME 59/150-48Y PW and SEFAR PME 75/190-40W/Y PW.
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