SELBYVILLE, Del., June 14, 2021 (Newswire.com) - Based on Global Market Insights Inc.'s report, the global Ceramic Inks Market was estimated at $1.79 billion in 2020 and is slated to exceed $2.5 billion by 2027, registering a CAGR of 5.9% from 2021 to 2027. The report provides a thorough analysis of the main investment avenues, major winning strategies, drivers and opportunities, wavering industry trends, market estimations as well as size, competitive scenarios.
Increasing building & construction activities globally will expand the market share of ceramic inks during the study timeframe. The product has gained substantial attention from tile manufacturers, owing to the availability of a wide range of textures, colors, shades, etc. Besides, rising government investments to improve aging infrastructure in European countries and the U.S. over the past few years will increase product consumption in the sector.
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Decorative inks will account for a significant share of the overall ceramic inks industry during the study timeframe. The share is credited to the growing inks demand in ceramic tiles for floor and walls and automotive glass printing applications.
Solvent formulation will propel at a 5.5% CAGR throughout the study's timeframe. These products are made using organic solvents such as esters, hydrocarbons, etc. Government regulations to limit VOC emissions from the building and construction and automobile industries may lower the consumption of solvent-based inks at the end of the study's timeframe.
Digital technology will be expanding at around a 6% CAGR during the study's timeframe. This can be majorly credited to the rising need for faster and reliable printing methods across the ceramic tile sector. Other substrates including paper, plastic grades, etc., will be expanding at a considerable rate throughout the study's timeframe in the ceramic inks market.
Food & beverage containers will be holding a considerable share in the ceramic inks market during the study's timeframe. Increasing disposable incomes and changing consumer lifestyles in emerging countries are fueling the demand of packaged food globally. This has resulted in the increasing usage of ceramic inks in the labeling and packaging application of beverage containers,
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The European ceramic inks market volume will witness around a 4.5% CAGR during the study timeframe, which is credited to the flourishing growth reported in construction of new housing in Eastern European countries. Escalating vehicle production in countries including, Germany, France, Russia, etc., will further fuel product consumption in the sector.
Some of the major manufacturers in the ceramic inks industry are 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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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Source: Global Market Insights Inc.