Market Synopsis:
Ceramic inks have penetrated across major end-user industries as it provides high definition and detailed looks to natural substances such as wood, concrete, etc. As per the study offered by Market Research Future (MRFR), the global ceramic inks market is assessed to exhibit a moderate CAGR for the forecast period 2021 to 2028. The ink provides features such as glossy finish, high durability, UV resistance, scratch resistance, etc. which is anticipated to lead the growth pattern of the market over the next couple of years.
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Increasing investments in infrastructural projects, in conjunction with rising disposable income, is expected to unleash opportunities of growth for the players of the ceramic inks market in the foreseeable future. Similarly, the growth of the automotive industry is also projected to boost the expansion of the market across the projection period. The packaging industry is also expected to create demand for ceramic ink in the years to come.
Market Segmentation:
Depending on the printing technology, the global ceramic inks market has been bifurcated into digital printing technology and analog printing technology.
The segments of the global ceramic inks market, based on application, are ceramic tiles, automotive glasses, architectural glasses, cosmetics containers, food & beverages containers, and others.
The end-user industry segments of the global ceramic inks market include automotive, packaging industry, building & construction, and others.
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Regional Analysis:
The global ceramic inks industry 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 Dashboard:
The share analysis of the global ceramic inks market included in this report studies some of the key players, such as Ferro Corporation (US), Torrecid Group (Spain), Zschimmer & Schwarz (Germany), FRITTA (Spain), Sicer S.p.A (Italy), Colorbbia Italia S.p.A. (Italy), Esmalglass - Itaca Grupo (Spain), Kao Chimigraf (Spain), Sun Chemical (U.S.), and Tecglass (Spain).
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The market players are investing on research & development for increasing applications across different production processes. Growth trajectories strategized by these players include regional expansion, increasing production levels, mergers & acquisitions, collaborations, partnerships, etc. Rising investments in the ceramic inks market is likely to create opportunities for new entrants. Thus, the competitive landscape of the market is expected to remain highly lucrative ovr the next couple of years.
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