Global Printing Toners Market growing at 6.2% CAGR by 2024 | Toshiba, Canon, Inc., Epson America Inc., Panasonic, HP, Lexmark, ACM Technologies, Inc., Citizen, Inc., IBM, Brother International Corporation
Innovative trends in the advertising and branding industries, increasing importance to the aesthetic traits of the product labelling and packaging will also have positive influence on the industry over the forecast period.
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Conventional printing toners led the printing toners market in 2016 and generated revenue exceeding USD 2 billion. Conventional toners are projected to have substantial demand in the forecast period owing to their extensive applicability in various printing techniques and lower cost of operation.
Chemically prepared toners will be the fastest growing segment by 2024 with gains more than 7% CAGR. Moreover, commercialization of laser copiers compatible with the chemically prepared toners are likely to propel the demand for chemically prepared printing toners in forecast period.
Styrene-acrylic printing toners will witness gains of CAGR over 5.5%. The demand for styrene-acrylic resin will be particularly for the monochrome printing applications such as transactional documents (billing statements), books & manuals, forms, direct mail, sell sheets and reports. In 2016, polyester printing toners had contributed to revenue exceeding USD 1.5 billion and will have substantial rise by 2024.
Rise in Print On-Demand (POD) printing technique owing to the involved benefits such as printing costs reduction, lesser wastage, speedy delivery will boost the demand for polyester printing toners in the coming years. Polyester resins have been gaining wider acceptance in POD for their features such as low temperature fusing, mechanical toughness and longevity.
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In 2016, color printing segment had surpassed USD 1.5 billion. Rising demand for aesthetic versatility in color printing in flexible cartons printing, desktop publishing, commercial printing, and others will boost color printing toners market share in forecast timeframe.
Printing toners market size was led by North America in 2016, with revenue more than USD 1 billion. The surge has been accredited to the technological expertise in laser printing coupled with massive demand in large-scale commercial printing. Asia Pacific is probable to have gains nearly 7% CAGR in the forecast timeframe. Growing demand for customized printers and thriving packaging industry will contribute to printing toners market growth in the region by 2014.
- Printing Toners Market by Production Technology
• Conventional Toner
• Chemically Prepared Toner
- Printing Toners Market by Raw Materials
- Printing Toners Market by Application
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Significant market participants include: Konica Minolta, Canon, Inc., EPSON, HP Inc., Brother International Corporation, Toshiba, American Tonerserv Corporation, ACM Technologies, etc
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