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Digital Textile Printing Inks Market Growth | Industry Size & Trend Forecast 2027 [Latest]
Allied Market Research published a report, titled, "Digital Textile Printing Inks Market by Ink Type (Reactive, Acid, Direct Disperse, Sublimation, and Pigment) and Application (Clothing/Garments, Household, Technical Textiles, and Display & Others): Global Opportunity Analysis and Industry Forecast, 2019-2027." According to the report, the global digital textile printing inks industry garnered $1.11 billion in 2019, and is projected to reach $2.66 billion by 2027, witnessing a CAGR of 11.6% from 2020 to 2027.Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/2090
Prime determinants of growth
Rise in demand for 3D printing technologies and rapid development of printing methods drive the growth of the global digital textile printing inks market. However, huge initial cost of investment hinders the market growth. On the other hand, technological advancements create new opportunities in the coming years.
Leading market players :
BASF SE
Dover Corporation
The DyStar Group
Zhengzhou Hongsam Digital Science & Technology Co., Ltd.
Huntsman Corporation
Kornit Digital Limited (Kornit)
Sensient Technologies Corporation
Sawgrass Technologies
SPGPrints B.V.
Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital)
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2090
The sublimation segment to maintain its dominant share during the forecast period
Based on ink type, the sublimation segment held the highest market share in 2019, contributing to nearly half of the global digital textile printing inks market, and is estimated to maintain its dominant share during the forecast period. This is due to its adoption in various applications including fashion and soft signage along with its eco-friendly characteristics. However, the pigment segment is projected to witness the fastest CAGR of 14.7% from 2020 to 2027, owing to its different benefits such as an excellent color strength and light resistance along with acceptance as universal ink.
The display & others segment to maintain its lead position during the forecast period
Based on application, the display & others segment accounted for nearly half of the global digital textile printing inks market in 2019, and is estimated to maintain its lead position during the forecast period. This is due to its usage in trade show exhibitions with its benefits including high quality of color and the aesthetic appeal of fabric, lightweight nature, and ease in assembly. However, the household segment would register the highest CAGR of 12.9% from 2020 to 2027, owing to the surge in demand for luxurious printed household textiles from countries such as France, UAE, the U.K., and others.
North America to grow at the fastest growth rate by 2027
Based on region, North America would contribute the largest CAGR of 11.9% from 2020 to 2027. This is due to surge in demand from the fashion, sportswear apparel, and other industries. Moreover, Europe accounted for nearly half of the global digital textile printing inks market in 2019, and is estimated to maintain its dominance in terms of revenue by 2027. This is attributed to numerous factors including presence of key players in the region and well-established apparel and textile industry.
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Related Reports:
Mexico Digital Textile Printing Inks Market : https://www.alliedmarketresearch.com/mexico-digital-textile-printing-inks-market
Disposable Medical Textiles Market : https://www.alliedmarketresearch.com/disposable-medical-textiles-market
Get complete report details @ https://www.alliedmarketresearch.com/digital-textile-printing-inks-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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