Market Overview:
The data experts at Market Research
Future (MRFR), after analyzing the current trends, conclude that the global
ceramic inks market is set to garner massive revenue by the end of 2023. They
also predict the market to expand at a healthy growth rate throughout the
forecast period (2018-2023).
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Leading
Companies:
·
FRITTA
·
Tecglass
·
Torrecid Group
·
Esmalglass - Itaca Grupo
·
Colorbbia Italia S.p.A
·
Sicer S.p.A
·
Ferro Corporation
·
Zschimmer & Schwarz
·
Kao Chimigraf
·
Sun Chemical
Market
Drivers and Top Barriers:
Surging Investment in Construction
Industry Drives Market Growth
Ceramic inks are utilized for the
development and printing of designs on ceramic tiles as well as glass. These
inks are most commonly used in the construction industry, as they are required
for almost every commercial and residential building. Thus, the growing
investment in the construction industry will bring in good news for the global
ceramic inks market in the coming years. Various benefits of ceramic inks help
increase their appeal in the construction industry, with some being high
resistance to water, weather, and various other liquids. These properties make
ceramic ink the perfect choice for printing design on decorative glass as well
as ceramic products like tableware and ceramic tiles. Hence, the rising use of
decorative glass and ceramic tiles for construction is estimated to augment the
consumption of ceramic inks in the following years.
Introduction of Ceramic Ink Products
for Digital Printing Technology to Elevate Market Position
With the replacement of analog
printing technology with Digital printing technology, on account of its
advantages like higher mass production, customization, reduced price,
environment-friendliness, along with striking changes to design. Growing number
of ceramic ink manufacturers are now in the process of developing inks that are
specifically designed for digital printing technology, for meeting with the
increasing demand for digital printing technology. This factor is expected to
strengthen the market position from 2018 to 2023.
Market
Opportunities:
The surging investments for
construction of skyscrapers has turned out to be one of the most exciting key
trends in the ceramic inks market. Numerous construction companies around the
world are making huge investments in the development of skyscrapers. Thus, the
rising number of skyscrapers as well as high-rise buildings along with the
extensive use of glass products in such buildings will, in all probability,
serve lucrative growth opportunities to the global ceramic inks market in the
years to come.
Market
Segmentation:
As per the report, the market for
ceramic inks has been segmented on the basis of printing technology, application,
and end-user.
Based on the printing technology, the
segments in the global market are digital and analog. Digital technology allows
a vast range of combinations, colors, textures and designs that can be printed
onto various products. Based on these properties, the demand for digital
printing technology is bound to rise in the coming years.
The applications of ceramic inks are
in ceramic tiles, architectural glass, automotive glass and others. The most
common application of ceramic inks are ceramic tiles, and ceramic tiles are
needed in almost every aspect related to construction around the world. Thus,
this particular segment accounts for the substantial share of the market.
The end-use industries mentioned in
the report include building & construction, automotive, packaging and
others.
Regional
Outlook:
The global ceramic inks market has been
established in the main regions of Asia Pacific, Europe, Latin America, North
America, as well as the Middle East and Africa.
Asia Pacific has proved its mettle,
by being the largest and also the fastest growing market in the global ceramic
inks in 2017. This feat has been possible owing to the strong demand by the
construction, packaging and automotive industry, with MRFR predicting it to
maintain its top position well throughout the forecast period. In addition,
growing disposable income, improving living standards and relaxed investment
norms are set to do wonders for the regional ceramic inks market in the long
run. Other than this, the region is considered as a primary consumer of ceramic
inks, owing to the high production of ceramic tiles. With the increasing rate
of application of ceramic inks in ceramic tiles, the regional market is set to
fare well in the future and maintain its hold over the global market.
In 2017, North America managed to
secure the second position with the second largest share of the global ceramic
inks market. The expanding building & renovation industry as well as
packaging industry has been responsible for the lucrative growth in the region.
Moreover, increased government spending along with growing private sector investments
will prove to be beneficial for the growth of the market during the conjectured
time frame.
Europe has established itself as one
of the strong contenders in the global ceramic inks market, with factors like
growing demand from building & renovation, packaging and automotive
industries providing sturdy support.
Latin America will be showing
somewhat high demand for ceramic tiles, primarily as a result of the evolving
building & construction landscape. The region is expected to depict
consistent demand throughout the review period, as the income level of the
general population in the region is increasing at a steady rate.
Lastly, the Middle East & Africa
market is also treading on a successful path, depicting the fastest growth in
the global ceramic inks market. This does not come as a surprise as the region
is observing massive demand from the infrastructural projects that are
currently going on. Moreover, the proactive steps taken by the by the
government to expand the tourism industry are expected to bring profit-yielding
results in the near future.
Recent
Updates:
April 2019
Schilling Inc. has recently made an
announcement that they are making Tiflex Organic Screen-Printing Inks available
in the North America market. Tiflex is an ink manufacturer that offers a vast
range of inks used for screen printing. The company also boasts of a long line
of inks with graphics and industrial applications. The advanced ink technology
will now be sold in North America for screen printing inks for metal, glass,
textiles along with various other substrates.
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