Ceramic inks are the transporters of fired fine particle metallic oxide color that are utilized to decorate ceramic tiles and plain glasses. These inks improve the attractiveness of the surface on which they are used. Ceramic inks are required to have a physical consistency suitable for producing satisfactory detail and subsequently are suspended in a thick medium.
Ceramic inks consist of the major technologies such as analog printing and digital printing. Moreover, these inks are used in ceramic tiles, glass printing, and food containers, and can provide a huge range of effects. They assist to achieve the exact looks of herbal products including stone and wood as well as repeat geometric and individual patterns. Additionally, they also provide the metallic effect, floral patterns, and reproduction of photographed images.
Factors Influencing the Market Scenario:
There is growing demand for the market, owing to the expansion of end-user industries such as automobile and construction. There is increasing use of digital printing technology which thereby increases the growth of the market. Moreover, there is high demand for decorated and customized ceramic tiles, which can propel the growth of the market. Additionally, growing demand for ceramic tiles in the Asia Pacific and Middle East & Africa are the opportunities strengthening the growth of the market. However, the market can be restrained by the high cost involved in switching from analog to digital printing technology. Moreover, developing new application areas for ceramic inks is a challenge to the market.
Geographically, the market is fragmented into major four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA). The Asia Pacific is estimated to be the fastest growing region for this market due to the increased production and demand for ceramic tiles from developing economies such as Vietnam, China, and India, among others. Additionally, the high demand for decorated ceramic tiles and glass in the residential, public, and commercial organization also drives the growth of the market in this region.
Based on the competitive analysis, the market comprises some of the major players including Ferro Corporation, Zschimmer & Schwarz, Esmalglass – Itaca Grupo, Torrecid Group, Fritta, Colorbbia S.p.A., Sicer S.p.A, Kao Chimigraf, Sun Chemical, and Tecglass.
For instance, in October 2017, Ferro Corporation a leading provider of functional coatings and color solutions, announced that it has entered into a definitive agreement to acquire Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile market.
For instance, in May 2018, the Vietnam State plans to offload 17.97 per cent stake in ceramics and building material corporation called Viglacera on the Hanoi Stock Exchange by June.
Additionally, in May 2018, India’s largest cluster of ceramic tile makers, Morbi is set to witness a flurry of 50 new wall tile units.
Ceramic Inks Market Segmentation
• Functional Inks
• Decorative Inks
• Ceramic Tiles
• Glass Printing
• Food Container Printing
• Analog Printing
• Digital Printing
o North America
? Rest of Europe
? South Korea
? Rest of Asia-Pacific
? Saudi Arabia
? South Africa
? Rest of LAMEA