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Ceramic Inks Market to reach USD 2.5 billion by 2027
Published Date: June 11, 2021According to a new research report by Global Market Insights Inc., the Ceramic Inks Market size will reach USD 2.5 billion by 2027. Rising consumption of alcoholic beverages together with shifting consumer focus toward packaging options will drive the usage of ceramic inks for decorative packaging.
Growing sales of global beverage products will increase the ceramic inks market growth rate over the projected timeframe. Globally, the demand for bottle containers has increased rapidly over the past few years due to the rising consumption of alcoholic beverages. Glass containers prevent the entry of oxygen and carbon dioxide into the beverages, considerably enhancing the shelf life of the product. The rising usage of glass containers is further enhancing the growth of ceramic inks in packaging & labeling applications.
The high manufacturing cost together with fluctuation in raw material pricing of ceramic inks will slow down the industry development in the long run. Both digital and analog processes come with high costs per unit owing to higher processing & equipment setup costs. The growing product demand across end-use sectors together with increasing investments in research & development activities to reduce production costs may influence the ceramic inks market share during the forecast timeframe.
Browse key industry insights spread across 295 pages with 403 market data tables & 32 figures & charts from the report, “Ceramic Inks Market 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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ceramic-ink-market
Functional inks will witness significant growth over the projected timeframe due to their growing usage in the automotive sector for glass printing. These products offer resistance against weathering, scratch, alcohol, slip, acid, and other stains. This ink also enhances the blending strength of glass, which again increases its usage in the functional segment.
Concerns related to the adverse impacts of solvents will propel the use of water-based products
The water-based segment will be report around 6 % CAGR over the projected timeframe. These formulations offer cost-effective and environmental-friendly products, driving their usage in the end-user industry during the forecast timeframe.
The analog printing segment will account for a significant share in ceramic inks market throughout the forecast timeframe. The process is widely utilized in emerging nations owing to its low cost and liberal regulatory requirements. The analog technology is highly energy-intensive and time-consuming, which will reduce its penetration during the forecast timeframe.
The glass segment will hold over 50% revenue share in the industry throughout the projected timeframe. The product finds extensive usage in both decorative & functional applications across the end-user industries, propelling industry development in the near future.
The automotive sector will be accelerating at 6% CAGR over the projected timeframe. This will be subjected to rising product demand for interior & exterior windshield glass printing. Growing vehicle production across various countries together with an increase in automobile service activities will rapidly drive the ceramic inks market segment during the forecast timeframe.
The North America will generate over USD 400 million by 2027 owing to proliferating automotive industry. The growing penetration of electric cars in the U.S. in conjunction with rising government expenditure in the U.S. construction industry will propel the product usage.
Ferro Corporation, Sun Chemical Corporation, FRITTA SLU, Torrecid SA, Colorobbia Italia SPA, Esmalglass - Itaca Grupo, Zschimmer & Schwarz Holding GmbH & Co KG, SICER SPA, Kao Chimigraf, TECGLASS SL, Electronics for Imaging, Inc., International Imaging Materials, Inc, Marabu GmbH & Co. KG, REX-TONE Industries Ltd. (AT Inks) and Afford Digital Inks are the key player in the ceramic inks industry.