The global tattoo inks market wasvalued at US$ 122.25 Mn in 2017. It is anticipated to expand at a CAGR of 5.55%from 2018 to 2026, according to a new research report titled ‘Tattoo InksMarket: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,2018–2026,’ published by Transparency Market Research (TMR) The global tattooinks market is driven by rise in the popularity of tattoos among youngstersworldwide. In terms of demand, North America accounts for a dominant share ofthe global tattoo inks market.
Rise in Demand for Tattoos among Youngsters toBoost Market
Tattooing is an increasing fashion phenomenon that has attracted morethan 100 million young adults across the globe to date. According to theCouncil of Europe, one in five individuals in the U.K. is tattooed. The figurerises to one in three among young adults. About 12% of people in Europe and upto 24% of people in the U.S. are tattooed, which includes teenagers also. About20% to 30% of youngsters in Europe and almost 40% of youngsters in the U.S.have tattoos. The number is even higher in Germany and the Netherlands and itis expected to double by the end of the forecast period. This trend isestimated to continue in the next decade, thereby driving the global tattooinks market. The popularity of tattooing is significantly less among peopleaged 50 years and above. Fewer than 10% of people in this age group opt fortattoos. About 37% of tattooed individuals in Denmark got their first tattoowhen they were less than 20 years’ old. This percentage rises to 44% and 18%among teenagers aged less than 18 years in France and Germany, respectively.Currently, women account for a major share of the tattooed population inDenmark, Italy, and the U.S. The trend of tattooing is more noticeable amongadolescents and youngsters in Europe and North America.
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Adverse Effects of Tattoo Inks onHealth Hampering Tattoo Inks Market
The popularity of tattoos has risen over the last few years. However,this has led to concerns about the safety of tattoo inks, which may entailinfectious and non-infectious risks. Tattoo inks may contain hazardous chemicalingredients and microbiological agents. They may be applied under poor hygieneconditions. According to the European Academy of Dermatology and Venereology,tattoo inks consist of pigments and dyes, additives, nanoparticles of heavymetals, and hazardous impurities arising from the production process. This maypose potential risks in terms of bacterial contamination, allergies, toxiceffects, and even cancer. The European Academy of Dermatology and Venereologyhas an evidence that traces of tattoo inks can be found in draining lymphglands and they can be detected in mice livers in laboratory tests. More than60% of chemicals in tattoo inks are azo pigments, a type of compound which,after being injected, can break down by ultra-violet exposure and spreadpotentially cancer-causing particles to other parts of the body. Tattoo inksalso contain several chemicals such as formaldehyde glycerol and isopropylalcohol. If these chemicals go deep into the skin, the skin becomes more permeable.In other words, chemicals used in the tattoo ink are harmful and they candirectly affect the blood circulation in the body.
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Black & Gray Tattoo Inks Segment toDominate Global Tattoo Inks Market
Based on type, the global tattoo inks market has been segmented intoblack & gray tattoo inks and colored tattoo inks. The colored tattoo inkssegment has been sub-divided into red, violet, and blue & purple. The black& gray tattoo inks segment accounted for a leading share of the global tattooinks market in 2017. The segment is likely to remain highly attractive duringthe forecast period, due to high usage of black and gray tattoo inks inoutlining of colored tattoos. Consumers of tattoo inks generally prefer blackand gray inks for tattooing. Black tattoo ink is made from different pigmentswith various base colors such as blue-black, gray-black, and black-green.Depending on the location of the tattoo on the body, black color becomestransparent after a few years, due to exposure to the sunlight.
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Organic Segment to Lead Market
Based on pigment, the global tattoo inks market has been classified intomineral, organic, and others. The others segment comprises biological pigments,inorganic pigments, azo pigments, and earth pigments. Organic was a highly attractivesegment of the global tattoo inks market in 2017, owing to physical propertiesof organic pigments such as higher resistance to sunshine, flooding, acids,alkalis, organic solvents, and heat compared to other pigments. Organicpigments exhibit high color strength when mixed with barium sulfate andtitanium oxide. Due to these characteristics, organic pigments are widely usedin tattoo inks.
North America Dominates Global Tattoo Inks Market
Based on region, the global tattoo inks market has been classified intoNorth America, Europe, Asia Pacific, Middle East & Africa, and LatinAmerica. In terms of value and volume, North America was a leading region ofthe global market in 2017 and the market in the region is anticipated to expandat a rapid pace during the forecast period, owing to rise in the number oftattoo parlors and presence of major manufacturers of tattoo inks in theregion. Europe and Asia Pacific are significant consumers of tattoo inks.According to the Council of Europe, more than 60 million people in the EuropeanUnion were tattooed in 2017. Europe is expected to be a highly lucrative regionof the global tattoo inks market during the forecast period, owing totechnological advancements in tattoo removal methods and tattooing machines. Thetattoo inks market in Middle East & Africa and Latin America is projectedto expand at a sluggish to moderate pace during the forecast period. Demand fortattoo inks in these regions is anticipated to rise in the next few years, dueto anticipated rise in the demand for tattoos from youngsters in theseregions.
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High Degree of Competition among Players Operatingin Tattoo Inks Market
The degree of competition among players operating in the tattoo inksmarket in the U.S. is high, due to presence of a large number of playersproducing tattoo inks in the country. Key players operating in the globaltattoo inks market are Intenze Tattoo Ink, Eternal Ink, Kuro Sumi, MillenniumColors, Bloodline Tattoo Ink, Alla Prima, Dynamic Tattoo Inks, Radiant ColorsTattoo Ink, StarBrite Colors Tattoo Ink, and Sacred Color.
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