The Ceramic Inks Market was valued at USD 1.71 Billion in 2016 and is projected to reach USD 2.59 Billion by 2022, at a CAGR of 7.2% between 2017 and 2022, as per a report by MarketsandMarkets.
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Browse 64 market data Tables and 19 Figures spread through 108 Pages and in-depth TOC on“Ceramic Inks Market”
Why opportunities exist due to high demand for ceramic tiles in APAC and the Middle East & Africa?
APAC produces 70.0% of the total ceramic tiles produced in the world. But, the demand and supply deficit along with the time-consuming supply chain is prompting many ceramic tiles manufacturers to expand their manufacturing capacities and presence in the high growth markets such as the Middle East & Africa and APAC.
The growing demand for ceramic tiles from these regions and expansion activities by major manufacturers are expected to present an opportunity for ceramic ink manufacturers to expand their business in these markets.
Ceramic inks manufacturers are concentrated in Spain, Italy, and China and are supplying the inks from these countries to high growth markets such as India, Saudi Arabia, Vietnam, Indonesia, and others. Setting up production base near the consumer market always provide a competitive advantage. The growing production and demand for ceramic tiles from APAC and the Middle East & Africa is providing ceramic ink manufacturers with an opportunity to expand their production base and increase their market share.
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Why developing new application areas for ceramic inks is a key challenge?
Ceramic ink is used in glass printing, ceramic tiles, and food container printing applications. The market for ceramic inks is mainly driven by the digital printing technology. But, the use of digital printing technology is limited mainly to the ceramic tiles application, which is the major consumer of ceramic inks. Textile printing can be a newer application area for ceramic ink manufacturers, but for this application, they will have to change the composition of inks and the technology. It has become a challenge for the ceramic ink manufacturers to develop new application areas.
The high concentration of the ceramic tiles manufacturers in APAC has increased the competitiveness in the market. The total number of ceramic inks manufacturers are increasing, but the scope of application is limited to ceramic tiles. This generates a need for the development of new ceramic inks applications.
Digital Inks Market by Formulation (Solvent-Based, Water-Based, UV-Cured), Application (Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Glass Printing), Substrate, and Region – Global Forecast to 2023
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