Ceramic Inks Market Size By Product (Functional and Decorative), Formulation (Solvent Based, Water Based and Oil Based), Technology (Digital and Analog), Substrate (Ceramic and Glass) and End-use Sector (Building & Construction, Automotive, Food & Beverage Containers): Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Published Date: Aug 2019 | Report ID: GMI3553 | Authors: Kiran Pulidindi, Soumalya Chakraborty
Ceramic Inks Market size was valued at $1.95 billion in 2018 and the industry will grow by a CAGR more than 5.5% up to 2025. Ongoing growth and urbanization in Middle East and Latin America are another key factor for the increased construction projects, which will further boost the market in the near future.
Get more details on this report - Request Free Sample PDF
Rising construction activities in developing countries will drive the global ceramic inks market outlook owing to its increasing demand for decorative flooring and enhanced aesthetic appeal of wall tiles. Moreover, increasing construction spending in BRICS countries particularly in India and China will positively impact the product market growth.
This is mainly in order to meet the requirements of growing population in these countries which creates huge demand for residential and commercial infrastructures. Many governments have taken initiatives to enhance the public infrastructure, which will augment the product growth in the construction sector. Additionally, increase in disposable income and spending power of consumers for decorative flooring and wall tiles will further increase the product demand in building & construction sector globally.
Growing automotive sector in the Asia-Pacific region will further increase the ceramic inks market demand for various applications, which includes indoor and outdoor glass printing. The product helps to resist slip and provide an extra etch that resists acid, weathering, alcohol, scratch, and offers better glass blend strength to automotive glasses.
Moreover, various government favoring policies in the region such as “Make in India” will further drive the market growth for glass printing applications in the forecast spell. Improving lifestyle and growing demand for packed food will further increase the market size owing to its usage in food & beverage container printing industry.
High costs associated with printing setup and sample designing in the printing process may restrain the product market. This will limit the profit margin among manufacturers and product suppliers. Moreover, fluctuating raw materials prices may also affect the prices of oil-based inks, which in turn may hamper the ceramic inks market growth. However, its extensive usage will surge its demand in automotive and food & beverage containers sector.
|Base Year:||2018||Market Size in 2018:||1.9 Billion (USD)|
|Historical Data for:||2014 to 2018||Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||5.5%||2025 Value Projection:||2.8 Billion (USD)|
|Pages:||240||Tables, Charts & Figures:||416|
|Geographies covered (21):||U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Thailand, Indonesia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Egypt|
|Segments covered:||Product, Formulation, Technology, Substrate, End-use Sector and Region|
|Companies covered (15):||Ferro Corporation, Sun Chemical, Fritta SPA, Torrecid SA, Colorobbia Italia SPA, Zschimmer-schwarz Group, Esmalglass - Itaca Grupo, Sicer SPA, Kao Chimigraf, Tecglass, Six star ceramic colors, Marabu GmbH & Co. KG, AT Inks, Electronics for Imaging Inc, International Imaging Materials, Inc.|
|Pitfalls & Challenges:||
Market By Product
Based on product, decorative segment accounted for more than half of the overall ceramic inks market share in 2018 and is likely to escalate with at a reasonable rate by 2025 owing to its increasing demand for flooring and wall tiles by building & construction industry. Functional type, on the other hand, is expected to grow with a higher rate owing to its growing demand in the automotive industry.
Market By Formulation
Formulation segment is categorized into solvent based, water based, and oil based ceramic inks. Oil based inks generated a revenue of around USD 750 million in 2018 and is expected to grow with a significant CAGR during the forecast spell. Besides this, ongoing concerns with solvent based inks for volatile organic compounds (VOC) will increase the demand for water-based inks, especially in automotive and food & beverage containers industry.
Market By Technology
Based on technology the digital inks segment accounted for more than half of the entire ceramic inks market share in 2018 and is predicted to accelerate with a significant growth rate through 2025 owing to technology advancements for printing on glass and ceramic substrates, which will boost the product demand in the coming years. Analog printing techniques of single fire, double fire, and third fire are widely used in the packaging industry and will further boost the market in the forecast timeframe.
Market By Substrate
Substrate is segmented into ceramic, glass, and other substrates which mainly consists of different plastic substrates. Ceramic segment generated a revenue of more than $700 million in 2018 and is expected to grow with a substantial rate by 2025 owing to its swelling demand from building & construction, automotive and food & beverage container industries.
Market By End-use Sector
Get more details on this report - Request Free Sample PDF
The end-user sectors are categorized into building & construction, automotive, food & beverage containers and other sector that includes consumer goods, packaging, pottery, etc. Building & construction segment holds an impressive share and is projected to escalate with a significant rate during the forecast period.
Ceramic inks usage in the automotive sector generated a revenue of over USD 600 million in 2018 catering to high product demand for glass printing applications, which will further boost the ceramic inks market forecast in the near future.
Asia Pacific dominates the market with a share of more than 40% and is expected to observe a significant growth in the near term. Moreover, favorable government regulations for construction and automotive manufacturing in the region will further promote the product use in infrastructure applications, which will increase the product demand in the coming years.
Furthermore, the product demand from growing food & beverage containers sector in the region will propel the ceramic inks market size. Europe generated a revenue of over USD 450 million in 2018 owing to increasing reconstruction activities in the region.
Competitive Market Share
The key players in the ceramic inks market outlook are Ferro Corporation, Sun Chemical, Fritta SPA, Torrecid SA, Zschimmer-schwarz Group and Sicer SPA. Further, well-known participants in the industry include Kao Chimigraf, Tecglass, Six-star ceramic colors, Marabu GmbH & Co. KG and AT Inks.
These companies mainly compete through product innovation, product variant in color and texture; and service offered through digital platforms to reach end-users. Majority of these industries contribute through the R&D activities to enhance their product offerings.
Ceramic inks carry fine ceramic particles of metallic oxide pigments that are further treated with solvents, water and oils formulations, which find wide applications in various end-use sectors. These inks are mainly of two types i.e., decorative that are widely used in building and construction industry and functional types which is widely used in the automotive sector. Moreover, their ability to sustain on various substrates such as ceramic, glass and plastics makes it suitable for both digital and analog printing.
Ceramic inks market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2025, for the following segments:
Ceramic Inks Market Segmentation:
- Solvent based
- Water based
- Oil based
By End-use sector
- Building & construction
- Food & beverage container
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa
- Saudi Arabia
Frequently Asked Questions (FAQ) :
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.
An interactive business analytics platform; designed to assist clients in accessing and analyzing market data on real-time basis.Start Your Free Trial