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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI3553  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 295   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Ceramic Inks Market size was USD 1.79 billion in 2020 and will grow at a CAGR of 5.9% from 2021 to 2027. The product is mainly consumed in building & construction, food packaging, automotive windshield glasses, etc., for decorative and functional purposes. The positive outlook of the global construction activities along with the massive opportunity for electric car production across the world is estimated to increase ceramic inks penetration.
 

The global ceramic tiles market was projected to be approximately 12 billion square meters in 2017, which grew at a decent rate from 2017 to 2020. The product offers a choice of selecting from a wide range of colors, shades & textures for decorative applications of ceramic. Developed nations are revamping their existing infrastructure into aesthetically appealing buildings, which will attract the attention of decorative ceramic in the industry.
 

Ceramic Inks Market Outlook

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Another key growth factor is increasing product usage in the automotive industry. Ceramic inks find usage in a wide range of applications in the automobile sector such as component etching, indoor & outdoor glass printing of windshields, curved automotive glass, etc. Additionally, these products also offer scratch resistance & UV resistance to a vehicle for a longer period. The automobile sector is shifting toward electrification.
 

The automotive and construction sectors report falling figure of ceramic inks consumption in 2020

The building & construction and automotive sectors have been harshly impacted owing to the adverse impact of COVID-19. This can be mainly attributed to the shutdown of major manufacturing facilities, restrictions on non-essential services, and prevailing social distancing norms across the globe. Global vehicle production has been reported at 77 million units in 2020, which is around 15% lower than the previous year. The building & construction industry has also faced substantial challenges in sourcing building materials worldwide, drastically impacting the overall construction activities in the current pandemic time. The positive outlook of the packaged food & beverages industry will gradually increase the ceramic inks market sales.
 

Decorative ceramic inks to lead the industry globally

The decorative segment will witness over 5.5% CAGR by 2027. These products find major use in flooring, glass printing, wall tiling, food & beverage containers, consumer goods, etc., for labeling & decorative applications. The rising need for aesthetically appealing products together with the growing consumer need for a wide assortment of color & texture will drive the ceramic inks market share.
 

Stringent government regulatory framework may limit the growth of oil-based formulations

Ceramic Inks Market By Formulation

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The oil-based formulation segment will hold over 40% share by 2027. This product is made using synthetic base oil and find its usage in both functional & decorative purpose. The growing production of vehicles in major countries including China, the U.S., and European countries is estimated to propel segment growth.
 

Rising customer needs for high-quality prints will drive the digital segment penetration

The digital segment will generate over USD 2 billion by 2027. Consumers demand high-quality prints along with customized tile options, propelling the growth of digital technology in the ceramic tile printing sector. Furthermore, this technology offers a high level of reliability and quick printing option, increasing its usage in the glass & ceramic printing sector.
 

Increasing penetration of printed tiles to drive product usage

Ceramic substrates will witness around 6% CAGR over the estimation period, which can be attributed to the rising consumption of ceramic tiles in building & construction activities. Additionally, the growing demand for pottery, dinnerware, etc., especially in China, India, and the U.S., is estimated to increase the popularity of ceramic inks by the end of 2027.
 

Rapid infrastructure growth to propel the sales of ceramic inks in the sector

Ceramic Inks Market by End User

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In 2020, the building & construction segment generated a market revenue of around USD 690 million. Increasing construction activities are estimated to drive product penetration in this segment. Building owners and retailers in developed countries are demanding unique texture, colors, and high-quality printing options for flooring, tiles, etc. This trend will further enhance ceramic inks market penetration during the construction of new buildings & structures.
 

Asia Pacific to dominate the ceramic inks sector until 2027

Ceramic Inks Market by Region

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The Asia Pacific region holds over 45% share from 2017 to 2027 and can be contributed to the increasing government investments in building local infrastructure across major countries. The region is experiencing tremendous growth in population in China, India, Japan, Indonesia, etc., which is driving the need for construction activities. Furthermore, the growing disposable incomes in emerging countries are boosting the sales of decorative tiles in the region. India reported the sales of ceramic tiles to 760 million square meters in 2017, out of which 40% of the sales were attributed to polished & glazed vitrified tiles. Such trends are expected to increase the penetration of ceramic tiles in the region.
 

Integrated operation of top manufacturers to enhance industry competitiveness

The ceramic inks industry is moderately fragmented with the presence of many small to medium-scale manufacturers around the globe. New players will have a large number of entry barriers owing to the high capital costs and competitiveness of the top players. The key manufacturers in the industry are Ferro Corporation, Torrecid SA, Sun Chemical, Tec Glass, etc. These manufacturers tend into integrate in forward and backward directions, further strengthening their position in the market.
 

The ceramic inks market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD million from 2017 to 2027 for the following segments:
 

By Product

  • Functional
  • Decorative

By Formulation

  • Solvent-based
  • Water-based
  • Oil-based

By Technology

  • Digital
  • Analog

By Substrate

  • Ceramic
  • Glass
  • Others

By End-use sector

  • Building & construction
  • Automotive
  • Food & beverage containers
  • Others
     

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  •  Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Australia
    • Indonesia
    • South Korea
  •  LATAM
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
       

Frequently Asked Questions (FAQ) :

The ceramic inks industry share exceeded USD 1.79 billion in 2020 and will expand at a CAGR of 5.9% between 2021 and 2027.
Decorative ceramic inks will exhibit a CAGR of 5.5% from 2021 to 2027 propelled by the major usage of products in flooring, wall tiling, glass printing, and food & beverage containers.
Oil-based formulation will account for more than 40% of the overall market share by 2027 due to the rising production of vehicles in countries such as the U.S., China, and European countries.
Digital segment in will record a valuation of over USD 2 billion by 2027 owing to the rising consumer demand for high-quality prints along with customized tile options.
The prominent companies in the ceramic inks industry are Sun Chemical, Torrecid SA, Tec Glass and Ferro Corporation, among others.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 295
  • Tables: 403
  • Charts / Figures: 32
  • Companies covered: 15
  • Countries covered: 21

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