Global Digital Inks Market to Reach US$1.04 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Digital Inks market. The global market for Digital Inks is forecast to reach US$1.04 billion by the year 2015, spurred by the demand for UV and eco-friendly inks. In addition, spurt of innovative ink technologies and products, as well as new application areas will boost future prospects of the digital inks market.

Digital Inks: A Global Strategic Business Report

Mushrooming popularity of outdoor signage such as wraps and banners are propelling growth of eco-solvent, and UV-cured digital inks. A wide range of printing equipment with varying combinations of price and performance are presently available in the marketplace to suite diverse printing requirements. Water-based inks are expected to hit 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 future. 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. Incessant technology innovations are additionally opening up newer growth avenues i.e. relatively new markets such as UV and ink jet inks, which were virtually non-existent a decade ago. 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 the UV 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. The graphics market received severe blow from the recession, while investments in newer inkjet application areas remained relatively immune to the recession. The inkjet market recorded healthy growth figures in the first quarter of 2008, however, the onset of recession and the inability of the consumers to secure finances, dented the inkjet equipment demand in the second half of 2008. 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 US, 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 US 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.

Europe and Asia-Pacific make up the other important markets in the digital inks sphere. Asia-pacific, led by burgeoning growth in China, Vietnam, Malaysia and other Southeast Asian markets is set to race ahead at the overall fastest CAGR through 2015. Digitalization, high-speed printing and environment friendly inks are the defining trends in the Asian printing ink industry.

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.

The Digital Inks market is intensely competitive, with both small and large companies fighting for their share of the market to survive and combat stiffening competition, global players are resorting to extensive consolidation of activities. Key players profiled in the report include Canon, Inc, DIC Corporation, Sun Chemical Corp., Kohl & Madden Printing Ink, Electronics - Imaging, Inc., E. I. du Pont de Nemours and Company, Environmental Inks & Coatings Corp., Flint Group, Fujifilm Sericol U.S.A., Inc, Graphic Sciences, Inc., Hewlett-Packard Company, Lexmark International, Inc., Markem Corporation, Nazdar Co., Sakata Inx Corporation, INX International Ink Co., Seiko Epson Corporation, SICPA Holding SA, and several others.

The research report titled “Digital Inks: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry outlook, end-use analysis, environmental concerns, technological development, market structure, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Market analytics are provided in terms of terms of dollar (value) for product segments including Inkjet Inks and Electrostatic Inks (Laser/Copier). The study also presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit –
http://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.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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