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Digital Inks Market 2023 - Industry Analysis, Business Opportunity, Development, Growth Factors And Outlook 2032
Digital Inks Market
The Business Research Company's Digital Inks Global Market Report 2023 identifies increase in demand for the ceramic tiles industry as the major driver for the Digital Inks market's growth in the forecast period. A ceramic is an inorganic non-metallic solid consisting of either metal or non-metal compounds that have been formed and then hardened by heating to high temperatures. Ceramic decorators use digital printing inks to print in small batches, save inventory costs, and successfully meet the shifting needs of the ceramic inks industry.
The global digital inks market size is expected to grow from $3.00 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The digital inks market is expected to grow to $4.52 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the Digital Inks market are Sun Chemical, Nazdar, FUJIFILM Holdings America Corporation, Marabu GmbH & Co. KG, Sensient Technologies Corporation, NUtec Digital Ink (Pty) Ltd.
A key trend in the Digital Inks market includes product innovations. Major companies operating in the digital inks market are focused on innovating new products to sustain their position in the market. For instance, in March 2020, Sun Chemical, a US-based digital inks and coatings producer, launched the ElvaJet Topaz SC, a new sublimation ink for digital textile production. This new ink allows for more system interoperability, resulting in exceptional reliability and lowering reliance on the waveform. It offers improved jetting performance across all drop sizes.
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The Digital Inks market is segmented -
• By Formulation: Solvent-based, Water-based, UV-cured, Other Formulations
• By Substrate: Plastics, Textile, Ceramics & Glass, Paper
• By Technology Type: Electrography, Ink-Jet
• By Application: Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Publication, Glass Printing, Others Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Digital Inks market.
The Business Research Company's "Global Digital Inks Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Digital Inks Market Include:
1. Executive Summary
2. Digital Inks Market Characteristics
3. Digital Inks Market Trends And Strategies
4. Digital Inks Market - Macro Economic Scenario
5. Digital Inks Market Size And Growth
…………………………………….
26. Africa Digital Inks Market
27. Digital Inks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Inks Market
29. Digital Inks Market Future Outlook and Potential Analysis
30. Appendix
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