Ceramic Inks Market Research Report 2019 | Ferro Corporation, Sun Chemical, Fritta SPA, Torrecid SA, Zschimmer-schwarz Group and Sicer SPA
Based on the end-use sector, the market is categorized into building & construction, food & beverage container, automotive etc. In terms of volume, building & construction segment will clutches more than 25% share in the entire segment and will increase with the significant CAGR in coming years. Furthermore, increasing demand from food & beverage container industry will boost the demand for product in the near future.
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Rising automotive industry globally will surge the ceramic inks demand for various glass printing applications includes component etching, windshields, curved automotive glass, etc. In addition to this, it also offers long-lasting UV resistance, scratch resistance, and simultaneously provides additional strength to glass.
Escalating use of the product in food & beverage containers for decoration and labeling purpose will propel the product market in the near-term. Additionally, enhancing lifestyle and growing food packaging demand in various regions will impact the market positively. High printing and setup cost will distress the inks prices internationally which may restrain the product market in future.
Ceramic Inks Market by Substrate
Ceramic Inks Market by End-use sector
Building & construction
Food & beverage container
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Based on product, the product market is categorized into two i.e., functional and decorative ceramic inks. Decorative segment will register over USD 1.2 billion in 2025 and is likely to grow with the reasonable rate. Decorative speciality inks find wide application in the building & construction industry for flooring, wall tiling, glass printing, etc. this in turn may increase its demand in the industry.
By formulation, the market is organized into oil, water and solvent based inks. Solvent based ceramic inks will account over USD 700 million for the product market in 2025 and is estimated to grow at a sluggish rate due to its concerns with volatile organic compounds. However, this will complement the usage of oil and water based inks for same applications.
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Key players in the market include Zschimmer-schwarz Group, Torrecid SA, Sicer SPA, Ferro Corporation, Fritta SPA, and Sun Chemical.
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