Selbyville, Delaware, Aug. 14, 2019 (GLOBE NEWSWIRE) --
Water based ceramic inks market segment will exhibit 6% growth up to 2025 driven by wide usage in automotive industry as these are cost effective inks along with growing demand from food & beverage packaging will further strengthen its position in the market.
According to a news forecast analysis by Global Market Insights, Inc. the ceramic inks market is slated to exceed USD 2.8 billion by 2025. Rising building & construction activities in the U.S and Asia Pacific region will drive ceramic inks market during the anticipated timeframe. Ceramic inks’ wide usage in ceramic tiles for wall tiling, flooring and other glass based applications will increase its demand in the near future. Increasing urbanization in Latin America and Middle East is another driving factor which will fuel the product demand for growing construction projects in the region. Rising income levels in emerging countries will also create a positive impact on the market to cater swelling demand for quality residential spaces in the region.
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Growing automotive sector globally will further upsurge the ceramic inks demand for several applications. This includes glass printing, component etching, etc. that offer resistance to weathering, scratch, acid, alcohol, and also improves glass strength. Additionally, improved quality of lifestyle and rising demand for food packaging will also create a positive impact on the market.
Continuously fluctuating oil based resources will affect the product prices globally which may hinder the oil-based ceramic inks market size during the anticipated timeframe and will also reduce profit margin among the product manufacturers and suppliers in the market.
By product the market is classified into decorative and functional. In 2018, functional segment generated a revenue of over USD 900 million and is expected to grow at a fair rate during the anticipated timeframe. Functional ceramic inks market find extensive usage in the automotive industry for glass printing as they offer various properties such as slip resistance, scratch resistance and other properties that improve the reliability of indoor and outdoor automotive glasses.
Browse key industry insights spread across 240 pages with 393 market data tables & 23 figures & charts from the report, “Ceramic Inks Market Size 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 (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), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/ceramic-ink-market
Based on formulation, the ceramic inks market share is segmented into water based, oil based, and solvent based inks. Water based ceramic inks, which are cost effective, are anticipated to increase with a significant CAGR of around 6% till 2025, owing to its wide usage in automotive industry. Moreover, its growing demand from food & beverage packaging will further strengthen its position in the market.
Based on technology, the market includes analog and digital printing. Analog printing inks accounts for nearly 40% of the market owing to its wide usage in food & beverage container printing. By substrate, glass substrate nearly accounts for half of the market size and is likely to grow significantly in the foreseeable future.
By end-use sector, the ceramic inks market is classified into automotive, building & construction, food & beverage container etc. food & beverage container segment accounts a fair revenue and is likely to grow with the CAGR of around 6% in the near-term. Furthermore, rising demand from automotive industry will propel the product market size.
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Major participants in the product market include Torrecid SA, Ferro Corporation, Fritta SPA, Sun Chemical, Sicer SPA and Zschimmer-schwarz Group to name some.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.