Ceramic Inks Market trends research and projections for 2019 - 2025
Based on product, the Ceramic Inks Market is categorized into two i.e., functional and decorative ceramic inks. Decorative segment will register over USD 1.2 billion in 2025 and is likely to grow with the reasonable rate. Decorative speciality inks find wide application in the building & construction industry for flooring, wall tiling, glass printing, etc. this in turn may increase its demand in the industry.
By formulation, the Ceramic Inks Market is organized into oil, water and solvent based inks. Solvent based ceramic inks will account over USD 700 million for the product market in 2025 and is estimated to grow at a sluggish rate due to its concerns with volatile organic compounds. However, this will complement the usage of oil and water based inks for same applications.
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Ceramic Inks Market will likely surpass USD 2.7 billion by 2025; according to a new research report Rising automotive industry globally will surge the ceramic inks demand for various glass printing applications includes component etching, windshields, curved automotive glass, etc. In addition to this, it also offers long-lasting UV resistance, scratch resistance, and simultaneously provides additional strength to glass.
Advancing construction industry in Asia Pacific due to significant rise in population will propel the product market in the near future as the product find its extensive usage in ceramic tiles, glasses and other applications. Furthermore, rise in disposable income in emerging economies of Middle East and Latin America will boost the demand for better quality home and this will positively influence the speciality inks market demand during forecast timeframe.
Escalating use of the product in food & beverage containers for decoration and labeling purpose will propel the product market in the near-term. Additionally, enhancing lifestyle and growing food packaging demand in various regions will impact the market positively. High printing and setup cost will distress the inks prices internationally which may restrain the product market in future.
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By technology, the Ceramic Inks Market is categorized into digital and analog printing. Digital printing inks will clutches more than 70% of the overall segment in 2025 due to its rising demand for printing tiles and glasses in various end-use sectors. Based on substrate, ceramic substrate segment holds a fair share in the market and will grow more than 5% CAGR between 2019 to 2025.
Based on the end-use sector, the Ceramic Inks Market is categorized into building & construction, food & beverage container, automotive etc. In terms of volume, building & construction segment will clutches more than 25% share in the entire segment and will increase with the significant CAGR in coming years. Furthermore, increasing demand from food & beverage container industry will boost the demand for product in the near future.
Middle East & Africa market will be valued over USD 160 million by 2024 owing to swelling automotive sector in Egypt coupled with growing construction activities in Saudi Arabia, UAE will increase the product market demand near future. The region is likely to experience a major growth in the coming years due to budding automotive sector which in turn will propel the product demand in MEA.
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Key players in the Ceramic Inks Market include Zschimmer-schwarz Group, Torrecid SA, Sicer SPA, Ferro Corporation, Fritta SPA, and Sun Chemical.
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