The global ceramic inks market is set to gain impetus from the emergence of the Drop on Request Ink-Jet Printing (DOD-IJP) technique. It helps in controlling the manufacturing line efficiently, lowering costs, saving inventories, and managing rational inks. In May 2019, Zschimmer & Schwarz, for instance, joined hands with the Ferro Group for developing unique solutions for the tile industry. They can be used for water-based digital glazing. As per a published report by Fortune Business Insights™, titled, “Ceramic Inks Market, 2021-2028,” the market stood at USD 2.07 billion in 2020. It is projected to grow from USD 2.24 billion in 2021 to USD 3.66 billion in 2028 at a CAGR of 7.3% during the forecast period.
Information Source- https://www.fortunebusinessinsights.com/ceramic-inks-market-105521
Ceramic Tiles Segment Held 44.8% Share in 2020: Fortune Business Insights™
Based on the application, the market is divided into food container printing, glass printing, ceramic tiles, and others. Amongst these, the ceramic tiles segment earned 44.8% in terms of the ceramic inks market share in 2020. This growth is attributable to their surging usage in the construction of houses.
We follow an innovative research methodology that includes data triangulation on the basis of bottom-up and top-down approaches. We conduct extensive primary research to validate the projected market numbers. We also derive information from paid databases, industry journals, SEC filings, and other authentic resources. The report of this industry includes details, such as drivers, opportunities, challenges, and dynamics of the market.
Drivers & Restraints-
Surging Usage of Inkjet Printers for Industrial Applications to Propel Growth
The surging usage of inkjet printers for a wide range of applications, such as industrial and graphics is set to boost the ceramic inks market growth in the near future. These printers can be used on extended and non-flat surfaces, have limitless decoration possibilities, and provide simpler material handling. For decoration purposes, they can also be easily used. The IDC Worldwide Quarterly Hardcopy Peripheral Tracker, 1Q2020, for instance, mentioned that during the first quarter of 2019, Epson was in the leading position in the Indian inkjet printer market. It procured 56.01% of the demand by value and 46.07% by volume. However, ceramic decorators often face issues while matching the exact pantone color because of small color palettes of ceramic inks. It may hamper growth.
Increasing Disposable Incomes and High Investments to Help Asia Pacific Grow
In 2020, Asia Pacific generated USD 0.831 billion in terms of revenue. The high disposable incomes of people and surging investments by numerous companies would aid the regional growth. North America, on the other hand, is estimated to showcase considerable growth in this industry because of the expansion of the construction industry in Canada. In Europe, the gradual development of the automotive and packaging industries is set to result in moderate growth.
Key Players Focus on Launching Unique Products to Gain Competitive Edge
The market contains a large number of companies that are majorly participating in numerous strategies to gain a competitive edge. Most of them are focusing on launching cutting-edge ceramic inks to meet the consumer demand. Below is one of the significant industry developments:
A list of renowned manufacturers of ceramic inks present in the global market: