[108 Pages Report] MarketsandMarkets forecasts the ceramic inks market was valued at USD 1.71 billion in 2016 and is projected to reach USD 2.59 billion by 2022, at a CAGR of 7.2% between 2017 and 2022. Ceramic ink are used in various applications namely ceramic tiles, glass printing, and food container printing. Ceramic tiles is the largest application segment of the ceramic inks market. The demand for ceramic ink is growing due to the growing construction industry globally. The objective of the report is to define, describe, and forecast the ceramic inks market size based on application, end-use industry, formulation, type, technology, and region.

By Application, ceramic tiles is projected to be the largest and fastest-growing segment

The ceramic tiles segment is expected to be the fastest-growing application segment of the ceramic inks market during the forecast period, in terms of value. The ceramic inks market in the ceramic tiles application segment accounted for the largest market share in the overall ceramic inks market. The increased demand for customized tiles and evolution of the digital printing technology are the major driving forces for the high consumption of ceramic inks in the ceramic tiles application.

Ceramic tiles application to be the fastest growing in the ceramic inks market

By Technology, Digital Printing is projected to be the largest and fastest-growing segment

The ceramic inks market is moving toward the complete replacement of analog printing technology with digital printing technology. The major markets such as China, Brazil, and India are rapidly moving toward digital printing. If this scenario continues, more than 95% of the market will be occupied by digital printing technology for ceramic decoration application by 2022. Digital printing is used by ceramic decorators to print in short runs, reduce inventory cost, and effectively fulfill the changing requirements of the ceramic inks market. In addition, it also allows the decorators to respond quickly to a rapid design changeover as per the market demand to cater the consumer requirements.

By Type, Decorative Inks accounted for the largest market share

Ceramic inks are used in glass printing, ceramic tiles, and food container printing applications. These inks are available in various colors and shades such as black, brown, red, white, blue, maroon, and others. The demand for blue, black, and brown color ink is high. There is a high demand for decorative inks in ceramic tiles application. These inks are used to improve the appearance of ceramics, glass, metal, and tiles.

APAC dominated the ceramic inks market

In 2016, the ceramic inks market was dominated by APAC with a largest share in the global ceramic inks market. APAC is the emerging ceramic inks market due to its high consumption in the ceramic tiles application. The major factor, which is expected to drive the ceramic inks market, is the increased production of the ceramic tiles, worldwide. Manufacturers are increasing their tiles manufacturing capacity, which is further expected to drive the market of ceramic inks during the forecast period

Market Dynamics

Driver: Growing use of digital printing technology

The growing use of digital printing technology allowed the manufacturers to produce in bulk and offer variety in product designs at competitive prices. This contributed to the ceramic inks market growth with the increasing penetration of digital printing technology. Currently, almost 75% ceramic tiles are produced and decorated with digital printing technology in the world. The wide use of this technology is due to its advantages over analog printing technology, such as cheap production cost, increased production speed, excellent printing quality, and custom product offerings. This resulted in increased production and consumption of ceramic inks

Restraint: High cost involved in switching from analog to digital printing technology

Analog printing and digital printing are the only technologies used in the ceramic inks market. The boom in demand for ceramic inks was mainly due to the introduction of digital printing technology. The switching cost from analog to digital is very high. Expensive digital printers coupled with expensive ceramic digital printer inks require high investment for its end users.

Opportunity: High demand for ceramic tiles in APAC and the Middle East & Africa

APAC produces 70.0% of the total ceramic tiles produced in the world. Ceramic inks manufacturers are concentrated in Spain, Italy, and China and are supplying the inks from these countries to high growth markets such as India, Saudi Arabia, Vietnam, Indonesia, and others. Setting up production base near the consumer market always provide a competitive advantage. The growing demand for ceramic tiles from these regions and expanding construction industry across these regions are expected to present an opportunity for ceramic ink manufacturers to expand their business in these regions.

Challenge: Developing new application areas for ceramic inks

Ceramic ink is used in glass printing, ceramic tiles, and food container printing applications. The market for ceramic inks is mainly driven by the digital printing technology. But, the use of digital printing technology is limited mainly to the ceramic tiles application, which is the major consumer of ceramic inks. For Example, textile printing can be a newer application area for ceramic ink manufacturers, but for this application, they will have to change the composition of inks and the technology. It has become a challenge for the ceramic ink manufacturers to develop new application areas.

Scope of the Report

Report Metric Details Market size available for years 2015�2022 Base year considered 2016 Forecast period 2017�2022 Forecast units Million (USD) Segments covered By Application (Ceramic Tiles, Glass Printing, And Food Container Printing), Technology (Digital and Analog), Type (Decorative and Functional), By Formulation (Solvent Based and Water Based), End-Use Industry (Construction, Consumer Products, Food & Beverage, and Others) Geographies covered APAC, North America, Europe, Middle East & Africa, South America Companies covered Ferro Corporation (US), Zschimmer & Schwarz (Germany), Esmalglass � Itaca Grupo (Spain), Torrecid Group (Spain), Fritta (Spain), Colorobbia Holdings S.p.A. (Italy), Sicer S.P.A (Italy), Kao Chimigraf (Spain), Sun Chemical (US), and Tecglass (Italy)

The research report categorizes the ceramic inks to forecast the revenues and analyze the trends in each of the following sub-segments:

On the Basis of Application:

Ceramic Tiles

Glass Printing

Food Container Printing

On the Basis of Technology:

Analog

Digital

On the Basis of Formulation:

Solvent Based

Water Based

On the Basis of Type:

Decorative

Functional

On the Basis of End-Use Industry:

Construction

Consumer Products

Food & Beverage

Others

The key players operating in the ceramic inks market include Ferro Corporation (US), Zschimmer & Schwarz (Germany), Esmalglass � Itaca Grupo (Spain), Torrecid Group (Spain), and Fritta (Spain), among others. are among the key players who are adopting organic and inorganic growth strategies to strengthen their foothold ceramic inks markets.

Recent Developments

In 2017, Ferro Corporation acquired Endeka Group (US), a global producer of raw materials for the ceramics market. The acquisition helped the company�s backward integration into raw materials manufacturing, which is used in ceramic coatings materials

In 2017, Torrecid Group launched ECOINK-CID, a water-based digital ink for ceramic and tiles decoration applications

In 2015, Zschimmer & Schwarz acquired Switzerland-based Gevartis AG. This acquisition complemented the chemical auxiliary division�s product portfolio

Critical questions the report answers:

Where will all these developments take the industry in the long term?

What are the upcoming trends for the ceramic inks market?

Which segment provides the most opportunity for growth?

Who are the leading vendors operating in this market?

What are the opportunities for new market entrants?

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