The global screen-printing inks Market is projected worth US$ 1,135.6 million by 2026 and the market is projected to showcase 4.7% CAGR during the forecast period. The screen printing inks market is driven by advancement in digital printing technologies.
Improvement in screen printing technology is one of the driving forces that increase the demand for screen printing inks. Also, the increase in the number of stringent government regulations related to the printing colors that have an adverse effect on the health across the globe is encouraging the use of screen printing inks across end-use industries which can be one of the key factors boosting the growth of the global screen printing inks market.
The rise in technological advancements have transformed the inks industry as the printing presses are making efficient use of automated equipment which is faster as compared to traditional printing. Also, the environment-friendly inks that include vegetable oil-based inks and water-based inks are in huge demand as there is growing concerns related to environmental pollution. UV-cured inks are expected to hold the largest share in the global market. Benefits of screen printing inks over other methods will have a positive influence on the overall screen printing inks market. Also, the advancement in digital ink technology is rapidly gaining popularity and is expected to create profitable opportunities for key manufacturers in the global screen printing inks market.
The global screen printing inks market is segmented into three major segments named type, application, and region. On the basis of type, the global screen printing inks market is segmented into water-based, solvent-based, UV-cured, and others. On the basis of application, the global screen printing inks market is segmented into commercial printing, publication, labels & packaging, and others. On the basis of the region the global screen printing inks market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on the type, the global screen printing inks market can majorly be segmented into three sub-segments, which are water-based, solvent-based, and UV-cured. The UV-cured sub-segment is expected to dominate the global screen printing inks market as these inks usually produce less volatile organic compounds and hazardous air pollutants.Also, the commercial printing segment is anticipated to expand at a significant pace due to the increase in the preference of screen printing inks in commercial printing such as architectural designs, textiles, fine arts, desktop publishing, advertising, and other applications.
The Asia Pacific region is expected to dominate the global screen printing inks market owing to the rising demand from end-use industries such as automotive, packaging and textile industry from emerging countries such as India, Malaysia, and other countries. The presence of improved and highly automated printing equipment and the increasing demand for screen printing inks in commercial painting and extensive usage of screen printing inks in automotive, packaging and advertising industry are some of the major factors driving the growth of the screen printing inks market. Also, the North America region is expected to grow at a moderate pace owing to the rise in consumption of UV-cured inks in advertising and textile printing applications.These factors expected to drive the screen printing inks market in the North America region.
The major players associated with the screen printing inks market are Huber Group, Toyo Ink Co., Ltd., Sun chemicals, Marabu GmbH & Co. KG, Kolorcure, Flint Group, Nazdar Ink Technologies, Fujifilm Specialty Ink Systems Ltd., SiegwerkDruckfarben AG & Co. KGaA, and Grafco etc.
Key manufacturers in the global screen printing inks market are focused on investing heavily in research and development activities in order to manufacture innovative screen printing inks for effective applications. Additionally, the players in the global screen printing inks market are focusing mainly on merger and acquisition and developing strategic partnerships with other players in order to expand their business geographically as well as by capturing huge market share.
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