In 2019, the global ceramic inks market was valued at USD 2.49 billion, and it is projected to reach USD 4.25 billion at a CAGR of 6.1% during the forecast period. Ceramic ink has found application in glass printing, food container printing, and ceramic tiles. The technology has been in use for the decoration of ceramic tiles in ink-jet printing. It has been used in the decoration of ceramic tiles for the last 10 years.
The features of ink-jet printing provide the possibility of manufacturing personalized ceramic tiles with a higher image definition at a shorter time and at a lower cost. In recent years, the number of ink-jet printers in use has steadily grown across the world. Inks are one of the crucial components for successful printing, besides the printer. Hence, the increasing use of ink-jet printers will provide a huge boost to the ceramic inks market by increasing product demand.
Rising construction investment is projected to fuel the global demand in the developing Asia Pacific and Latin American economies. Strong demand is expected to fuel business growth for painted tiles and glass, which in turn, will raise the demand for ceramic ink. It is expected that increasing the application of ceramic inks in vitrified tiles, porcelain tiles, and automotive glass would further reinforce market growth.
Apart from these, technical developments in the construction & infrastructure sector will also accelerate industry growth in the coming days. The rising inclination towards replacing metal slabs, paints, and marbles with ceramic products is anticipated to have a positive effect on the growth of the global ceramic inks market.
Global Ceramic Inks Market, By Technology
Based on technology, the global printing technology market is divided into digital and analog. The market for printing technology is moving towards the complete substitution of analog printing technologies with digital printing technologies. Countries such as China, Brazil, and India are increasingly shifting towards digital printing.
If this scenario persists, automated printing technology for ceramic decoration applications will dominate more than 95% of the demand by 2022. Ceramic decorators use automated printing to print in small batches with lower inventory prices. It helps decorators to adapt rapidly to a sudden shift in design according to industry demand, to satisfy customer requirements.
Global Ceramic Inks Market, By Application
Based on application, the ceramic inks industry is segmented into ceramic tiles, architectural glass, automotive glass, and others. In terms of volume, the ceramic tiles segment is anticipated to be the fastest-growing segment of the industry for ceramic inks over the forecast period. The demand for ceramic inks in the ceramic tiles product category has accounted for the largest market share in the overall ceramic inks market. The increased demand for personalized tiles and the evolution of modern printing technologies are the key factors behind the high use of ceramic inks in ceramic tiles.
Global Ceramic Inks Market, By End use
Building & construction, automobile, food & beverage containers, and other industries that include household products, manufacturing, pottery, etc., are the major end-users of ceramic inks. The Building & Development Sector is holding an impressive share in the market and is expected to grow at a significant rate during the forecast period.
Global Ceramic Inks Market, By Region
In 2018, Asia Pacific was the largest and the fastest-growing market for ceramic inks and is projected to dominate the global market during the predicted period as well. North America was the second largest market for ceramic inks in 2018 due to the growing construction & renovation industry and packaging sector, and it is projected to witness substantial growth during the forecast period.
Important Market Developments
Some Key Findings of the Global Ceramic Inks market Report Includes:
By Printing Technology:
By End-Use Industry:
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