Ceramic Inks Market research analysis including growth factors 2030


 

Ceramic Inks Market


Market Analysis

The global ceramic inks market is projected to have a favorable growth during the assessment period (2018-2023). Ceramic inks comprise of a mixture of pigments (salts and metal oxides) and glass particles that are finely ground, known as frit. Resting on the application technique, ceramic inks can be of different varieties- oil or water based, flow like consistency or thick. These inks are largely used for decorating food containers, hollow glasses, plain glasses or ceramic tiles. Assorted forms of effects can be attained with such inks namely reproduction of the photographed image, metallic effects, floral patterns, repeating irregular and geometric patterns, detailed and high definition looks of natural products including complex mosaics, stone and wood. Ceramic inks are categorized into analog and digital ceramic ink. Some of the alluring features of the ceramic ink formulation include abrasive resistance, scratch resistance, UV resistance, anti-slip characteristics, glossy finish and high durability.

There are many factors that is fueling the growth of the Ceramic Inks Market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include increasing demand for decorated ceramic tiles in the construction industry, rising awareness amid consumers regarding international best interior design products, improved aesthetic appearance of tiles, expanding construction industry, alluring features such as weather and scratch resistance, advancements in technology in the infrastructure and construction industry, shift in the preference of consumers to ceramic tiles from marbles, metal slabs and paints and growing use of ceramic inks in packaging and automotive industry. On the contrary, the expensive price of digital printing technology and the availability of different organic substitutes may hinder the growth of the ceramic inks market.

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 Market Segmentation

The global ceramic inks market is segmented by technology, application, end-use industry, and regions.

On the basis of the printing technology, the global ceramic inks market is segmented into digital printing technology and analog printing technology. The digital printing technology is expected to account for the largest market share under technology category due to its various advantages such as less time consumption, less labor requirement, and high-performance efficiency over analog printing technology and is expected to continue growing over the forecast period. 

On the basis of the application, the global ceramic inks market is segmented into ceramic tiles, architectural glasses, automotive glasses, food & beverages containers, cosmetics containers, and others. The architectural glasses accounted for the largest consumption of ceramics inks in 2017 owing to growing construction industry across the globe and is expected to continue exhibiting strong demand during the forecast period 2018-2023. Ceramic tiles held the second largest share of the global market after in 2017 and are expected to show a considerable demand during the forecast period, 2018-2023.

On the basis of the end-user industry, the global ceramic inks market is segmented into building & construction, automotive, packaging industry, and others. The building & construction segment accounted to have the largest market share of ceramic inks in 2017 due to the wide consumption of ceramic inks for architectural glasses and ceramic tiles applications.

Regional Analysis:

The global market for ceramic inks has been segmented into the primary regional segments for an exhaustive geographical study. These segments are Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa (MEA). Asia Pacific held the maximum market share in 2017 and is poised to exhibit the highest CAGR over the review period. Thus, the regional segment is anticipated to retain its prominence at the pole position over the next couple of years. The expansion of the end-user industries such as automotive, packaging, and construction is projected to lead the expansion of the ceramic inks market in the region over the next few years.

North America was assessed to have secured the second spot in the global ceramic inks market in 2017. Rising investments being observed in the revamp of the construction industry in the region is anticipated to drive market growth in the years to come. Also, the revenue growth of the packaging industry is poised to play a significant role in the development of the ceramic inks market in the region.

Europe is an important growth pocket and is projected to benefit from the rising demand across end-user industry verticals such as automotive, packaging, construction, etc. The Middle East & Africa is poised to exhibit rapid growth owing to the increasing investments in infrastructural projects. The Latin America ceramic inks market is expected to grow substantially owing to the presence of a burgeoning construction industry in the region.

Competitive Analysis

Some of the major players operating in the global ceramic inks market are Ferro Corporation (US), Zschimmer & Schwarz (Germany), Torrecid Group (Spain), FRITTA (Spain), Colorbbia Italia S.p.A. (Italy), Sicer S.p.A (Italy), Esmalglass - Itaca Grupo (Spain), Sun Chemical (U.S.), Kao Chimigraf (Spain), and Tecglass (Spain).

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 At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles. 

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.

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