Digital Textile Printing Ink Market is growing at a CAGR of 8.82% during the forecast period 2016 to 2021
Digital Textile Printing Ink Market Overview:
The digital textile printing ink refers to the infusion of dyes on fabric or textile. Digital printing in textiles is done in large format clothes or rolls. The inks used for this type of printing are generally water soluble dyes. This type of printing ink can be used on natural and synthetic fabrics. It is used in the printing of garments, such as shirts, promotional clothing, banners, flags and many other textile applications.
Digital Textile Printing Ink Market Size:
Digital Textile Printing Ink Market was valued at USD 670 million in 2016 and projected to reach USD 1100 million by 2021 growing at a CAGR of 8.82% during 2016 to 2021.
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Digital Textile Printing Ink Market Drivers and restraints:
The growth of urbanization, combined with a greater demand for corporate brands and advertising, has boosted the market for digital textile inks. The sublimation ink segment has experienced significant demand due to the increasing demand for dye sublimation printers in computer printing applications. In addition, the demand for pigment-based inks is expected to grow due to its long life of file prints and color stability. The display screen applications of this ink have significant growth due to the increased demand for touch screens and special effects applications. However, it is expected that the clothing and home segments create lucrative growth opportunities for the digital printing ink market due to the proliferation of textile and home decoration applications.
The demand for reactive inks is increasing due to their bright colors. However, these inks must be post-processed. They are used in swimsuits, ties, scarves and other garments. Pigment inks are mainly used in cotton and other natural fibers. The demand for digital textile printing inks is increasing for visualization applications. The banners segment is an important part of the market and is expected to dominate the market during the forecast period.
Digital Textile Printing Ink Market Geographical segmentation:
Europe is expected to represent a considerable part of the digital textile printing inks market during the forecast period. The demand for this ink in textiles is expected to increase rapidly in the Asia-Pacific region, followed by North America. The market in Latin America, the Middle East and Africa is expected to grow at a moderate pace in the near future.
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Key Players of Digital Textile Printing Ink Market:
The main actors have invested heavily in R&D activities to develop advanced products that meet the needs of the market. AnaJet, BASF SE, DuPont, Huntsman Corporation, KIIAN Group, Hongsam, SPG Printing, LANYU Digital, Sawgrass and Kornit Digital are among the key players in the market.
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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