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).
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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