Acquisition of Sensient Imaging Technologies adds to textile, industrial inkjet ink capabilities.
David Savastano, Editor06.18.20
Digital printing is on the rise, and there is little doubt that growth will continue. According to Smithers’s recent report, “The Future of Inkjet Printing to 2025,” the market for inkjet printing is presently worth $80.4 billion, heading to $118.2 billion in 2025.
Inks are also on the rise. Allied Market Research’s study, "Global Digital Ink Market by Type, Technology Type, Substrate Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,” places the digital ink market at $2.6 billion in sales in 2018, reaching $4.3 billion by 2026.
There’s so much in the way of opportunities ahead for digital printing to grow. The textile market is growing rapidly, and packaging is becoming of increasing interest. For an ink company, adding a company in the digital ink field is a good play.
The news that Sun Chemical and its parent company, DIC Corporation, have entered into a definitive agreement to acquire Sensient Imaging Tec
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