Mexico Digital Textile Printing Inks Market High Hopes for Market Size Growth and Future Revenues | Sensient Colors UK Ltd, JCD Digital Inkjet Technologies, Trendvision Technology

The Mexico digital textile printing inks market was valued at $16 million in 2016, and is expected to reach $51 million by 2023, growing at a CAGR of 18.1% from 2017 to 2023. Digital textile printing inks are tailored for clothing, garment, textile, household, and display applications for jetting reliability, durability, high color, and excellent image quality. The growth in digital textile printing owing to on demand printing, short turnaround time, and ease of image modification fuel the digital textile printing inks market, which is expected to witness traction in the coming years.

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The rise in urbanization coupled with increase in demand for advertisements and corporate branding such as flags, retail graphics, banners, and others are projected to generate lucrative growth opportunities for Mexico digital textile printing inks. The sublimation ink segment has witnessed major demand owing to increase in demand for dye-sublimation printer in computer printing applications. Furthermore, the demand for pigment-based inks is projected to witness growth owing to its excellent archival print life coupled with color stability. Based on application, the display segment witnessed major growth in 2016 owing to increase in demand for touch panels and special effects applications. However, clothing and household segments are expected to create lucrative growth opportunities for the digital printing inks market owing to increase in textile and household decorative applications.

The report on Mexico digital textile printing inks is segmented based on ink types, application, and region. Based on ink type, the report includes reactive, acid, direct disperse, sublimation, pigments, and others. Based on application, the market is classified into clothing/garment, household, technical textile, display, and others.

KEY MARKET BENEFITS

The report provides extensive qualitative and quantitative analysis of the current trends and future estimations of the Mexico digital textile printing inks market from 2015 to 2023 to determine the prevailing opportunities.
It offers comprehensive analysis of different type and application.
In-depth analysis of factors that drive and restrict the growth of the market is provided.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
It offers key insights on strategic analysis of various companies and the value chain analysis of digital textile printing inks.

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COVID-19 Impact

In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.

The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.

Top market players in the global digital textile printing inks market include

AnaJet
BASF SE
DuPont
Huntsman Corporation
KIIAN Group
Hongsam
SPG Prints
LANYU Digital
Sawgrass
Kornit Digital

Other prominent market players are

Marabu
Jay Chemicals
Dystar
Sensient Colors UK Ltd
JCD Digital Inkjet Technologies
Trendvision Technology
Magellan Corporation
Print right Holdings.

KEY MARKET SEGMENT:

By Type

Reactive
Acid
Direct Disperse
Sublimation
Pigment
Others

By Application

Clothing/Garment
Household
Technical Textile
Display
Others

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