February 07, 2020
As per the report titled ‘Ceramic Inks Market Size By Product (Functional, Decorative), By Formulation (Solvent Based, Water Based, Oil Based), By Technology (Digital, Analog), By Substrate (Ceramic, Glass), By End-use Sector (Building & Construction, Automotive, Food & Beverage Containers) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Thailand, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’ available with Market Study Report LLC, the global ceramic inks market is expected to exceed USD 2.7 billion by the year 2025.
Expansion of automotive industry across the globe will fuel the demand for ceramic inks, thereby aiding market growth. Ceramic inks offer high UV resistance, scratch resistance, and high durability, hence, are used for various glass printing applications such as component etching, windshields, and curved automotive glass. Booming construction industry, especially in Asia Pacific will further boost the demand for ceramic inks as the latter is used in ceramic tiles and glasses. Rising disposable income in emerging economies will propel the demand for superior quality homes, thereby, stimulating the market growth during the analysis period.
Furthermore, increasing adoption of decorative packaging and labelling for food & beverage containers, coupled with growing demand for food packaging across various regions will positively impact the market outlook. On the other hand, high printing price and initial setup cost will affect the ink prices internationally, which may hamper the ceramic inks market growth in the coming years.
Based on the product type, decorative ceramic inks market segment is projected to accumulate USD 1.2 billion by the year 2025. These specialty inks are widely used in the construction industry for flooring, glass printing, and wall tiling.
By formulation, solvent based ceramic inks market segment is expected to cross USD 700 million by the end of study duration and will witness a slow growth owing to the concerns associated with volatile organic compounds. However, increasing awareness regarding VOC emission mitigation will encourage the use of oil and water-based inks.
In terms of technology, digital printing inks segment is expected to dominate the ceramic inks market with 70% share by the year 2025, on account of rising demand for printing tiles and glasses across various end-use sectors.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2212522/
Speaking of the end-use sector, ceramic inks market from building & construction segment presently accounts for more than 25% volume share and is projected to see a high GAGR over the forthcoming years.
Considering the geographical outlook, ceramic inks market in Middle East & Africa is expected to grow substantially in the coming years to register a valuation of USD 160 million by 2024. The regional growth can be attributed to growing automotive industry, coupled with increasing number of construction activities in UAE and Saudi Arabia.
The key players of ceramic inks market are Ferro Corporation, Torrecid SA, Sicer SPA, Fritta SPA, Sun Chemical, and Zschimmer & Schwarz Group among others.
Frequently Asked Questions (FAQ) :