Ceramic inks are fine particles of metallic oxide pigments converted into ink for automatic application techniques on glass, ceramic tiles, or other materials. Depending on the application techniques, these inks could either be of thick or flow-like consistency, they can also be water or oil-based. Their only function is to be a carrier for the application process, where a layer of metallic oxide based powder of desired colour is produced in crisp and well defined edges.
Increasing demand for decorated tiles and glass for construction industry is the major factor expected to drive growth of the global ceramic inks market. Technological advancements in digital printing methods is also expected to fuel growth of this market. Shift in consumer preference from paints, metal slabs and marbles towards ceramic tiles is expected to further contribute towards global ceramic inks market growth. High cost involved in switching from analog to digital printing technology is expected to hamper growth of the market.
The global market is segmented on the basis of type, application, technology, and region. On the basis of type, the global ceramic inks market has been segmented into functional inks and decorative inks. The decorative inks segment accounts for highest market share in the global market, owing to increased demand for decorated ceramic tiles from the construction industry across the globe.
On the basis of application, the global market is segmented into ceramic tiles, glass printing, food container printing, and others. The ceramic tiles application segment accounts for highest market share and is expected to witness significant growth over the forecast period.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period. This growth can be attributed to the economic development in countries such as China and India in the region. The market in Latin America is also expected to register significant growth in the ceramic inks market over the forecast period.
Key players in the global market are Ferro Corporation, Torrecid Group, Colorobbia Holding S.P.A, Esmalglass – Itaca Grupo, Fritta, Zschimmer & Schwarz, Sicer S.P.A., KAO Chimigraf, SUN Chemical, and Tecglass.