Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Ceramic substances are inorganic compounds which are made up of either metal or non-metal. These compounds are shaped and hardened by heating at high elevated temperatures. They are generally hard, corrosion-resistant and brittle in nature. Ceramic inks consist of fine ceramic particles and metallic oxide pigments, which are used in several automatic application techniques. These inks can be bonded into glasses to ensure lasting vivacity and photorealistic color for ceramic glass printing applications. Moreover, the ceramic inks also provide higher degree of design quality and functional performance.
The global ceramic inks market has gained sustainable growth owing to increased demand for decorated & customized ceramic tiles and high use of digital printing technology. Also, increasing use of ceramic inks in automotive industry and surging R&D activities are some of the opportunities which are expected to fuel the growth of this market in coming years. There has been significant increase in R&D activities to upsurge the application of ceramic inks in various diversified areas, such as ceramic tiles, architectural glasses, automotive glasses, food & beverages containers, cosmetics containers, and others. Furthermore, high demand for ceramic tiles in APAC and the Middle East & Africa will also propel the market growth during the forecast period. However, the global ceramic inks market is hindered by high cost involved in switching from analog to digital printing technology. The global market is estimated and forecasted in terms of revenue (USD million) generated by the ceramic inks market.
The report analyses the global ceramic inks market based on type, technology, application and geography.
Based on type, the market is segmented into functional inks and decorative inks. The decorative inks accounted for the largest share of the ceramic inks market in 2017, owing to augmented demand for decorated ceramic tiles from the construction sector worldwide.
Based on technology, this market is segmented into analog printing and digital printing. The digital printing segment is estimated to be the fastest-growing technology of this market during the forecast period. The growth of digital printing can be attributed to low costs involved in using this technology for production of ceramic tiles.
Based on application, the global ceramic inks market is segmented into ceramic tiles, food container printing, glass printing and others (automotive ceramics and electro ceramics). Among various applications, the ceramic tiles application accounted for largest market share in 2017. Increasing use of printed ceramic tiles in residential and commercial infrastructures is the major factor propelling the market growth.
By geography, the global ceramic inks market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region is expected to grow at a lucrative growth rate during the forecast period. Increased investments by private and government sectors in the construction industry of the APAC region is also creating the demand for ceramic tiles, thereby fuelling the growth of the ceramic inks market growth in the region. Furthermore, the ceramic inks manufacturing companies have opportunities to capitalize on the growth of developed markets such as the U.S., Canada, France etc. These countries are likely to spend heavily on automobiles and building & construction, thus subsequently driving the market growth.
Some of the major players operating in the ceramic inks market include Colores Olucha, S.L., Colorobbia Holding S.P.A, Esmalglass - Itaca Grupo, Ferro Corporation, Fritta, KAO Chimigraf, Sicer S.P.A., Six Star Ceramic Colours Co., Ltd., Smalticeram Unicer Spa, SUN Chemical, Tecglass, Torrecid Group and Zschimmer & Schwarz among others. New product launches and acquisitions are the key growth strategies adopted by major players to reinforce their positions in the international market.
The global ceramic inks market is classified based on type, technology, application and geography. By type, the market is categorised into functional inks and decorative inks. Decorative inks market is expected to dominate the global ceramic inks market during the forecast period. The growth of this segment of the market can be attributed to the increased use of ceramic inks in the decoration of ceramic tiles. Decorative inks improve the aesthetic appeal of ceramic tiles, thereby making them an integral part of the interior decoration for the construction industry. Moreover, the increased use of decorated glass products is also expected to create the demand for decorative ceramic inks across the globe, thereby leading to the growth of the decorative inks type segment of the ceramic inks market. By technology, the market is sectioned into analog printing and digital printing. The digital printing segment is expected to lead the ceramic inks market during the forecast period. The growth of the digital printing technology can be attributed to low costs involved in using this technology for manufacturing ceramic tiles, thereby enabling increased production of printed ceramic tiles with improved design offerings. The market finds applications in ceramic tiles, food container printing, glass printing and others (automotive ceramics and electro ceramics). The ceramic tiles application segment accounted for the largest share of the ceramic inks market in 2018. The growth of the ceramic tiles application can be attributed to the increased use of decorated ceramic tiles in various commercial and residential infrastructures. In addition, ongoing urbanization is another major driver for the increased number of construction projects across world. Geographically, the global ceramic inks market is segmented into four regions namely Asia Pacific, North America, Europe and Rest of the World that includes Latin America, and the Middle East and Africa. Asia Pacific was the largest and fastest growing market for ceramic inks in 2018 due to high demand from the construction, automotive, and packaging industry and is expected to dominate the market over the forecast period. Furthermore, relaxed investment norms, rising disposable income, and improving living standards are fuelling the growth of the regional ceramic inks market. North America was the second largest market for ceramic inks in 2018 due to growing building & renovation industry and packaging industry and is expected to show a considerable growth during the forecast period.
Why to buy this report:
