On the basis of application, the ceramic ink market is segregated into ceramic tiles & marbles, glass printing, food container printing and others. Among these, ceramic tiles & marbles segment held the majority share of ceramic ink market in 2018 and will show the substantial growth over the forecast period. This can be attributed to the upsurge in usage of decorative ceramic marbles in several residential and commercial building & infrastructures.
Based on region, ceramic ink market is bifurcated into North America, Asia Pacific, Latin America, Europe and Middle East & Africa. Among these regions, Asia Pacific held the substantial share in 2018 and shows the positive growth rate in coming years. This is all due to the growth in construction & infrastructure activities coupled with positive demand for ceramic marbles & tiles from developing nations.
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Ceramic Ink Market is growing due to the significant growth in the construction industry in BRICS nations. BRICS has contributed to over 50% of the global economic growth and the economic aggregate of these countries accounts close to 23% of the world. Focus on building & infrastructure projects in the BRICS countries, particularly China and India, has made a huge impact to boost the global growth engine .BRICS has the two most populated countries of the world in China and India. Close to 36% of the global population is concentrated in these countries which generates demand for infrastructure, residential and commercial buildings.
The global population is anticipated to increase by more than 1 billion in coming 13 years and reach up to 9.8 billion in 2050. This spurt in growth will be accompanied by growing urbanization across the world. The above mentioned factors indicate that the need for buildings and infrastructure in BRICS nations will surge in future. This in turn will subsequently increase the ceramic ink demand as the product is majorly applied in ceramic marbles, tiles, etc and these products are further used in the construction sector. High cost associated with the technology used for the printing on ceramics will act as a restraining factor for global ceramic ink market growth in future.
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Development in building and construction sector in various countries of Middle East is one of the major driving factors for ceramic industry. Rapid population growth has increased the demand of basic infrastructure needs such as roads, electricity and residential buildings. Various Middle Eastern countries are formulating policies to attract FDI inflow in the construction sector to provide world class infrastructure amenities to their citizens. Due to this, the demand for ceramic marbles & tiles will increase in coming years and this will positively influence the overall ceramic ink market size by 2025.
The Middle East construction market is exhibiting a reassuring paradigm shift. The local governments are supporting many construction projects and are trying to attract FDI in this sector. GCC countries have formulated long term development strategies for the building & construction sector and have shifted their focus more on tourism, social infrastructure and transportation. This will eventually lead to more opportunities in Middle East construction market.
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Ceramic Ink market is widely classified into, product type, printing technology, application and geography. The ceramic ink product type segment is further divided into two major products which include functional inks and decorative inks. Among these, decorative ceramic ink will exhibit positive growth by 2025 due to its extensive usage in decorative marbles & tiles and its also improves the aesthetic appeal of decorative glass, ceramic marble, tiles, etc. The printing technology segment in ceramic ink is bifurcated into digital printing and analog printing. Among these, digital printing technique will dominate the entire segment and grow at a significant CAGR between 2019 and 2025.
Some of the major players in the ceramic ink market are Vaanix Industries, Six Stars Ceramic Ink, Sun Chemical, Fritta, Zschimmer & Schwarz, Kao Chimigraf, Tecglass, Colorbbia, Torrecid Group, Unico Digital, Xennia Technology, Chemische Fabriken, Ferro Corporation and others.
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