Washable Markers Market Report Covering Applications Like Children Usage,Educational Sectors,Official Purpose And More.

The Global Washable Markers Market Is forecast to reach USD 561.3 Million by 2026, according to a new report by Reports and Data. The market is rising rapidly as the demand for the non-toxic markers are substantially propelling coupled with the rising growth of children usage applications as these inks are made of chemical compounds such as cyclic alkylene carbonates and some of the food-grade vegetable dyes which are completely non-toxic.

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The market is highly driven by the educational sectors as the washable markers are now mostly preferred by the educational institutes over the conventional chalks due to water-based solution and being non-dusty, unlike the chalks. Also, being washable, the ink can be easily washed off and reused with ease. Office usage includes the whiteboards, noticeboards, projection white paper use, and others. The self-vanishing type of markers are largely propelling the market, being highly attracted by the kids.

In market segmentation by manufacturers, the report covers the following companies:- Crayola, Faber - Castell, Liqui-Mark Corporation, Luxor Writing Instruments Pvt. Ltd., Dri Mark Products Inc., F.I.L.A. Group, STABILO International GmbH, Kokuyo Camlin Ltd., Carioca S.p.a., and Newell Brands.

The North America region is forecasted to generate the highest revenue of USD 229.6 Million in the year 2026, as most of the educational institutes in the United States and Canada prefer using these kind of markers.

For the purpose of this report, Reports and Data have segmented the global Washable Markers market on the basis of the type, functions, applications, and region:

Type Outlook (Revenue, USD Million; 2019-2026)
Semi-Washable
Ultra-Clean Washable
Self-Vanishing

Functions Outlook (Revenue, USD Million; 2019-2026)
Rehydrateable
Non-Toxic
Multi-Surface
Scented

Applications Outlook (Revenue, USD Million; 2019-2026)
Children Usage
Educational Sectors
Official Purpose
Others

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Regional Outlook (Revenue, USD Million; 2019-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest:-

Educational sectors such as schools, colleges, universities, coaching centers, and other educational institutes use the washable markers as these are quite convenient for writing and erasing repeatedly. Being water-based these don't carry any dust like the traditional chalks and are highly preferred by the teachers. Educational sectors had the market revenue of USD 182.3 Million in 2018.

Others include the use of washable markers on the clapperboards by the moviemakers in the shooting spot or any temporary usage on the noticeboards or dashboards. This segment had a market share of 3.4% in 2018.

Self-vanishing markers are made by dissolving a small amount of thymolphthalein in the ethyl alcohol solution followed by the dilution with water and the final addition of the sodium hydroxide solution. Thymolphthalein is an acid-based dye, and below the pH level of 9.3-10.5 it becomes colorless, and above this range it becomes blue. This type of markers attracts the children and is an active contributor in this market. The segment is forecasted to gain a market share of 19.9% by 2026.

The scented segment consists of the odorized markers which provide with sweet smells of various fruits or floral fragrances. The kids are attracted by this type of marker and would add to the market growth significantly with a market share of 14.7% by 2026.

APAC, due to the high growth of the educational institutes, is helping the market grow with the fastest CAGR of 4.8% throughout the forecast period. China and India are some of the most valuable contributors in this region.

North America is accounted to sustain its domination in the market with the highest share of 40.9% by 2026, with a CAGR of 3.6% in the forecast period.

Europe is forecasted to witness a significant growth in the overall market, with 24.5% of market possession by 2026 and CAGR of 2.9% during the forecast period.

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The research provides answers to the following key questions:

What will be the market size and growth rate of the Washable Markers Market for the forecast period 2019 -2026 across different regions?

What are the key driving forces expected to shape the future of the industry worldwide?

What strategies are the prominent vendors adapting to stay ahead of their competitors?

Which major trends are impacting the development of the Washable Markers Market Worldwide?

Which factors can hinder, challenge or even restrict the expansion of the Washable Markers Market worldwide?

What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2019 - 2026?

The growth of this Washable Markers Market across the globe is dependent on multiple factors; including consumer base of several Washable Markers Market products, inorganic growth models adopted by companies, price volatility of feedstocks, and product innovation, along with their economic prospects in both producer and consumer nations.

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