Theglobal ceramic inksmarket is projected to rise at a steady pace in forthcomingyears, according to a report by Transparency Market Research (TMR). Ceramicinks are a highly fragmented market with the presence of large numbers of localmanufacturers. However, a small number of manufacturers based in Europe havemanaged to gain considerable share of the market. It is relatively easy toenter the ceramic inks market; hence, the numbers of players in the market areexpected to keep increasing during the forecast period. Rise in number ofplayers is estimated to directly affect the price of ceramic inks; the price islikely to decline during the forecast period.
Manufacturersare striving to develop new applications of ceramic inks. Research anddevelopment has led to the use of ceramic inks in automotive ceramics. Thistrend is expected to continue during the forecast period. Major companies areinvolved in expanding their presence in emerging markets to enhance theirglobal presence and strengthen their market position. Changes in trend towardsthe replacement of ceramic goods in paints, metal sheets and marbles areanticipated to further add to the worldwide market development for ceramicinks. Market respondents are anticipated to be confronted with difficultiesresulting from elevated print set-up expenses and analog sample design.
Leadingnames in the global ceramic inks market are Zschimmer & Schwarz GmbH &Co KG, Ferro Corporation, Esmalglass – Itaca Grupo, Gruppo Colorobbia S.p.A.,and Chemische Fabriken.
The globalceramic inks market was valued at around US$ 1.9 Bn in 2017 and is anticipatedto expand at a CAGR of more than 6.0% from 2018 to 2026, the duration offorecast.
Due to theregion's increasing infrastructure sector, Asia Pacific has emerged as asignificant ceramic ink regional market. The elevated demand for ceramic tintsin India, China and Southeast Asia is anticipated during the forecast period.The large investments in major end-use sectors and increasing revenue levels inthe region are anticipated to further increase in Asia-Pacific.
Ceramictiles are the most common applications of ceramic inks. Ceramic tiles arerequired in almost every construction anywhere in the world. Hence, theyaccount for major share of the market. Commercial construction is more commonthan residential construction. Thus, the segment of commercial decorative tileis expected to be dominant in the global ceramic inks market.
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Emergence of New Printing Styles toBolster Ceramic Inks Market
The marketdevelopment will be fueled by high demand for decorated tiles and glass.Ceramic ink is used for the printing of ceramic tiles, food container and glass.More and more demand for the above-mentioned building printing types isanticipated to promote world market development. Increasing applications forceramic tin are anticipated to further enhance market growth in vitrifiedtiles, porcelain tiles and car window glass. Technological advances are furtherprojected to increase market growth in the building and infrastructure sector.
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Digital Printing to Offer LucrativeGrowth Opportunity
Afteranalog printing technology, digital printing technology has been created.Nevertheless, it has been able to substitute analog printing technology andbecome the main printing technology used for ceramic products like tablewareand tiles. Digital printing technology research and advancement has graduallymade it available to multiple uses, including ceramic tiles, tableware andglass printing. As apps grew, the proportion of digital printing technologyrisen. A broad array of colors, combinations, designs and textures can beprinted on the products with digital technology. This is one of the keylucrative avenues in the global ceramic inks market in forthcoming years.
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Alternative Product Availability toChallenge Growth
In manyother sectors, ceramics such as medicine, electronics and water treatment, areused; in some applications, however, ceramic inks are not used. The ceramicinks industry is hampered by this. Other uses of ceramic inks are beingdeveloped by companies. But this is a method that is continuous.
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