The global ceramic inks market is predicted to witness significant growth during 2022-2027 and establish a growth rate over a CAGR of 6%.
The
ceramic inks are applied in various industries right from the automobile to the
textile industry.
One
of the major industries driving and expected to continue its demand is the automobile
industry, owing to its applications in glass windshields.
Researchmoz
puts forth a few insights about the market size, trends, opportunities,
drivers, restraints, product segmentation, competitive landscape, and regional
presence.
The
global ceramic inks market also had to face the fury of the covid pandemic
outbreak, global lockdown led a complete shutdown of production, thus affecting
the demand-supply chain.
As
the world is bouncing back and trying to get a grip on dwindling economies with
more strength and resilience, the global ceramic ink market is also expected to
thrive in the following years.
Factors Driving and Restraining the Market
Here are the factors that
are expected to positively impact the global ceramic inks market –
- The rising demand from the building and
construction industry owing to its application in wall tiles, flooring,
etc., is predicted to boost the demand for ceramic inks in the global
market during the forecast period.
- The rising demand for packaging purposes
in food and beverage containers is likely to boost the sales of ceramic
inks market during the forecast years.
- Rising demand for graphic materials for
the vehicles and vehicle wraps that prevent dents and scratches during
minor accidents are expected to push the sales in the ceramic inks market
in the following years.
- Increasing demand for decorative tiles due
to rising disposable income in consumers is anticipated to drive the
global ceramic inks market to newer heights.
The factors restraining
the global ceramic inks market include –
- The high cost and shortage of raw
materials are expected to hinder the growth of the ceramic inks market
during the forecast period.
- Growing importance being given to digital
printing may slow down the ceramic inks market to some extent
However,
the global ceramic ink market is still projected to witness significant growth
due to the rapid industrialization and urbanization across the globe.
Analyst’s Views
The
global ceramic inks market is foreseen to witness a substantial growth at a
CAGR of over 6% during the forecast years 2022 to 2027, as it revives back post
covid pandemic outbreak
The
decorative product is foreseen to bolster the demand for ceramic inks market during
the forecast period. Also, among the formulations, the oil-based solvent is
projected to hold a major share in the global ceramic inks market, owing to its
applications in both functional and decorative aspect.
Demand
for ceramic tiles is expected to be higher than those of glass printing and
food container printing, in terms of end use.
Regional Overview
The
Asia Pacific is likely to grow at a substantial rate due to rapid
industrialization and commercialization, and rising demand from the construction
sector.
The
growth in the region is also attributable to huge demand coming from the food and beverage industry as it has to
cater to a huge population in developing countries.
The
rising disposable income among consumers is expected to boost the sales of
decorative tiles during the forecast period, thus letting the ceramic inks
market swell up in the region.
Competitive Landscape
The
presence of the many players in the global ceramic inks market makes it
fragmented and competitive in nature, making it difficult for the new entrants
due to high capital investment and stiff competition.
The prominent players in
the ceramic inks market include –
- BASF SE
- Vaanix Industries Pvt Ltd
- UVINK tech. co.
- Dip-Tech Digital Printing Technologies Ltd
- ZSCHIMMER & SCHWARZ CHEMIE GMBH
- Sun Chemical
- ChangSha Six Star New Material Co., Ltd
- Evonik Industries AG
- DuPont
- KAO CHIMIGRAF SLU
- Ferro Corporation
- Esmalglass-Itaca Grupo
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