The global ceramic inks market size is projected to grow from USD 2.24 billion in 2021 to USD 3.66 billion in 2028. The increasing usage of drop-on-demand (DOD) ink-jet print heads (IJP) in printers is likely to affect growth positively. Also, water-based systems are capable of controlling rheology, homogeneity, and stability. Fortune Business Insights™ provided this information in a report, titled, “Ceramic Inks Market, 2021-2028.” As per the report, the market stood at USD 2.07 billion in 2020. It is set to exhibit a CAGR of 7.3% during the forecast period between 2021-2028.
Ferro Corporation Sells its Tile Coatings Business to Pigments Spain, S.L.
In December 2019, Ferro Corporation, producer of technology-based performance materials for manufacturers headquartered in the U.S. signed an agreement with Pigments Spain, S.L. to sell its Tile Coatings Business. As per one of the company officials, “This transaction would help us to boost our Dynamic Innovation and Optimization phase for strengthening the balance sheet. It would also enhance our portfolio and lower our end-market exposure, as well as the manufacturing footprint.” Such innovative developments by companies would help in surging the demand for ceramic inks in the upcoming years.
Drivers & Restraints-
Rising Adoption of Organic Solvents to Drive Growth
Nowadays, the utilization of organic solvents has increased rapidly because of their high efficacy. Environmentally friendly inkjet printing materials are also used for digital printing. These ceramic type of inks can be created from nano-sized CoAl2O4 ceramic pigment. It would not only provide strong jetting characteristics, but also robust dispersion stability. Zschimmer & Schwarz Group, for instance, launched a new research project called Aquaglaze in 2019. It will be used to develop water-based digital glazes. However, to be jetttable, the ink must have unique rheological properties. The absence of this may hinder the ceramic inks market growth.
Segments-
Glass Printing Segment Procured 30.0% Share in 2020 in U.S.: Fortune Business Insights™
By application, the market is segregated into food container printing, glass printing, ceramic tiles, and others. Amongst these, the glass printing segment earned 30.0% in terms of the U.S. ceramic inks market share in 2020. The ceramic tiles segment, on the other hand, remained at the forefront in the same year on account of their extensive usage in construction works.
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