Ceramic Inks Market to experience an impressive growth of 6.4% during 2020-2025
January 31, 2020
Ceramic Inks Market is likely to witness an impressive CAGR of 6.4% during the forecast period. The increasing demand for decorated tiles from the growing construction industry, coupled with the augmenting interest towards digital ink over traditional screen printing in ceramic tiles and the increasing demand for decorated glass in interior designing are some key factors that are underpinning the growth of the ceramic inks market globally.
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Ceramic Inks Market Segment Insights:
By Type:
Based on the type, the market is segmented as functional inks and decorative inks. The decorative ink segment held the larger share of the market in 2019 and is also expected to register higher growth during the forecast period. The growth can be attributed to the large-scale demand for decorative inks in the construction industry, especially in ceramic tiles.
By Application Type:
Based on the application type, the market is segmented as ceramic tiles, glass printing, food container printing, and others. The ceramic tiles segment, not only imposed the market in 2019, but is also expected to register the highest growth during the forecast period. This growth is owing to the high demand for ceramic tiles by the construction industry.
By Region:
In terms of regions, Asia-Pacific is expected to dominate the ceramic inks market during the forecast period. China and India are the growth engines of the Asia-Pacific region. The market is driven by the growing demand for ceramic ink in the construction industry. North America and Europe are also likely to offer lucrative growth opportunities during the forecast period.
Key Players:
Some of the key ceramic ink manufacturers are Ferro Corporation, Torrecid Group, Colorobbia Holding S.p.A, Esmalglass - Itaca Grupo, Zschimmer & Schwarz, Sicer S.p.A., KAO Chimigraf, Sun Chemical, Colores Olucha S.L., and Six Star Ceramic Colours Co., Ltd.
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