Global Digital Inks Market to Exceed $1 Billion by 2015
The graphics market received a severe blow from the recession, while investments in newer inkjet application areas remained relatively immune to the recession. Growing demand for eco-friendly, superior quality and highly productive inks is attributed as the major factor for the shift in demand from solvent-based inks to UV inks. In a similar situation, the manufacturers of UV and EB inks continued to garner considerable business in some of the markets, owing to the eco-friendly benefits offered by the technology and its wide usage in the packaging printing industry.
The worldwide digital inks market is clearly dominated by the United States, as stated by the new market research report on digital inks. Growth in the market is spurred by enhancements in the digital technology, such as the speed and quality of printing that are opening newer application areas for digital inks. However, the mature U.S. ink industry is threatened by escalating raw material and energy costs, stiffening competition from developing nations such as India and China, and offshore production of vital substrates.
The electrostatic inks (laser/copier) segment commands the leadership position in the overall digital inks market worldwide. The segment is also projected to register the fastest growth rate for the analysis period 2007-2015. The emergence of newer and higher-performance laser printers at competitive prices is one of the primary growth drivers for the electrostatic inks market.
For more details about this comprehensive market research report, please visit www.strategyr.com/Digital_Inks_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Source: Company press release.