06.14.19
MarketsandMarkets’ report, “Ceramic Inks Market by Type (Functional Inks, Decorative Inks), Technology (Digital Printing, Analog Printing), Application (Ceramic Tiles, Glass Printing, Food Container Printing), Region - Global Forecast to 2027,” projects that the ceramic inks market will reach $3.7 billion by 2027, at a CAGR of 7.2% during forecast period.
The growth of the ceramic inks market can be attributed to the rising demand for decorated ceramic tiles from the construction industry. Increased awareness among consumers about international premium interior design products and improved aesthetic appeal of tiles are the factors driving the demand for ceramic tiles from the construction industry, thereby leading to the growth of the ceramic inks market across the globe.
The ceramic tiles application segment accounted for the largest share of the ceramic inks market in 2017. The growth of the ceramic tile application segment of the ceramic inks market can be attributed to the increased use of decorated ceramic tiles in various commercial and residential infrastructures. In addition, ongoing urbanization is another major driver for the increased number of construction projects across world. Thus, the rising number of construction projects in the emerging economies such as India, Brazil, and China, among others is expected to lead to the growth of the ceramic tile application of the ceramic inks market across the globe.
The digital printing technology segment of the ceramic inks market is projected to grow at the highest CAGR during forecast period. This segment is also expected to lead the ceramic inks market during the forecast period. The growth of the digital printing technology segment of the ceramic inks market can be attributed to low costs involved in using this technology for manufacturing ceramic tiles, thereby enabling increased production of printed ceramic tiles with improved design offerings. The decorative inks type segment of the ceramic inks market is projected to grow at a highest CAGR during forecast period.
The growth of the ceramic inks market can be attributed to the rising demand for decorated ceramic tiles from the construction industry. Increased awareness among consumers about international premium interior design products and improved aesthetic appeal of tiles are the factors driving the demand for ceramic tiles from the construction industry, thereby leading to the growth of the ceramic inks market across the globe.
The ceramic tiles application segment accounted for the largest share of the ceramic inks market in 2017. The growth of the ceramic tile application segment of the ceramic inks market can be attributed to the increased use of decorated ceramic tiles in various commercial and residential infrastructures. In addition, ongoing urbanization is another major driver for the increased number of construction projects across world. Thus, the rising number of construction projects in the emerging economies such as India, Brazil, and China, among others is expected to lead to the growth of the ceramic tile application of the ceramic inks market across the globe.
The digital printing technology segment of the ceramic inks market is projected to grow at the highest CAGR during forecast period. This segment is also expected to lead the ceramic inks market during the forecast period. The growth of the digital printing technology segment of the ceramic inks market can be attributed to low costs involved in using this technology for manufacturing ceramic tiles, thereby enabling increased production of printed ceramic tiles with improved design offerings. The decorative inks type segment of the ceramic inks market is projected to grow at a highest CAGR during forecast period.