Global Digital Inks Market to Exceed $1 Billion by 2015
SAN JOSE, CA—Oct. 27, 2010—Mushrooming popularity of outdoor signage is propelling growth of eco-solvent and UV-cured digital inks. Water-based inks are expected to head southwards, pushed aside by the eclipsing popularity of cost efficient solvent-based inks. Though the desktop market constitutes the primary market driver for digital inks, industrial applications are likely to score over traditional markets in the future.
Those are some of the finding in a new research report, titled “Digital Inks: A Global Strategic Business Report,” from Global Industry Analysts Inc. The report provides a comprehensive review of the industry outlook, end-use analysis, environmental concerns, technological development, market structure, recent industry activity, and profiles of market players worldwide. Market analytics are provided in terms of terms of dollar (value) for product segments, including inkjet inks and electrostatic inks (laser/copier).
The traditional ink market is likely to shift towards digital, with the introduction of efficient printer heads featuring 500 nozzles that offer high quality at tremendous speed. Advent of various newer inkjet inks as well as technologies such as LED curing technology, thermoforming inks, electron beam curing technology, colored LED curable inks and others have further added to the popularity of inkjet inks.
Heightened environmental awareness has spurred the demand for UV inks, especially in offset and flexo printing. Digital printing, flexo and lithographic printing are expected to witness maximum growth.
The global printing inks market was significantly affected by the worldwide economic recession. A large percentage of the ink manufacturers witnessed a considerable drop in sales in the year 2009. With particular reference to the worldwide digital ink market, despite the slowdown in the macro economy, manufacturers of digital technologies continue to enjoy fruitful returns, mainly due to the emergence of new application areas. However, the activity of machine placements has taken a backseat in the market, owing to the recession.