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Growth of the digital printing market in the packaging sector is expected to be one of the primary factors driving the printing toners market during the forecast period. Additionally, shifting consumer preference from printing inks to toners coupled with increase in commercial printing are other key parameters expected to augment demand for toners over the next few years. However, adverse environmental impact of toners leading to the presence of stringent regulations is anticipated to hamper market growth. Development of bio-based toners is expected to open new opportunities for further development of the market over the next few years.
In terms of volume, conventional toners dominated the printing toners market, accounting for over 70% share in 2013. Currently, most printers available globally are compatible with toners prepared via the conventional method. However, chemically prepared toners are expected to gain high popularity over the next few years due to their superior technical aspects such as uniform particle size, which results in faster printing. Development of economical printers compatible with chemically prepared toners is anticipated to be another vital parameter driving demand for these toners.
Polyester resin-based toners and styrene-acrylic based toners dominated the printing toners market in 2013. Together, these accounted for over 95% of volume and revenue share in 2013. Additionally, these toners are expected to be the fastest growing segments of the market during the forecast period. Polyester is comparatively inexpensive and easily available globally; therefore, it is widely used in printing toners. Toner powder formed by blending polyester and styrene-acrylic and other specialty polymers is expected to exhibit above-average growth during the forecast period.
Changing consumer preference to obtain better aesthetic appeal (offered by color printing) coupled with decline in prices of color printing devices and toners is likely to fuel demand for color printing toners during the forecast period. Color printing toners are expected to grow at a CAGR of over 3.5% between 2014 and 2020.
In terms of revenue, North America and Europe dominated the printing toners market in 2013. This trend is expected to continue during the forecast period. However, increase in the number of manufacturing facilities in Asia Pacific and RoW coupled with rising applications of printing toners is anticipated to boost the market in these regions during the forecast period. In terms of revenue, the market for printing toners in Asia Pacific is estimated to reach USD 1,165.1 million by 2020.
The printing toner market is highly fragmented in nature due to the presence of numerous manufacturers. Canon Inc., Xerox Corporation, Samsung Fine Chemicals and Astro-Med Inc. are some of the renowned companies operating in the market.
The report segments the global printing toners market as follows:
Printing Toners Market – Production Technology Analysis
Chemically prepared toners
Printing Toners Market – Raw Material Analysis
Other (blends of polyester and styrene-acrylic and specialty polymers)
Printing Toners Market – Application Analysis
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