Global Market for Printing Inks Gets an Overhaul with the Advent of 3D Printing

3D printing is the talk of the town, and not without reason. The technology is finding massive potential in all major industries, including manufacturing and healthcare. At the same time, it is changing the perception of all markets and industries related to it, including the global printing inks market. Let’s rewind it a bit and know more about printing inks in general.

Printing Inks: A Fast-paced and Highly Consumed Products Market

Being one of the older markets in the world, the global printing inks market has become saturated in a few segments, but the market is still exhibiting a healthy 5.0% CAGR between 2014 and 2020. What this means for a market valued at US$14.41 bn in 2013 is that it could very well reach a valuation of more than US$20 bn before the end of 2020.

The core uses of printing inks lie in commercial printing, publication, and packaging. Within these segments are the prominent players in the global printing inks market, such as ALTANA AG, Royal Dutch Printing Ink Factories Van Son, Wikoff Color Corporation, Huber Group, and Sun Chemical Corporation.

Metal Printing now an Option through Printing Ink Innovations 

The majority of people in the printing and manufacturing industries firmly believe that their future lies in high-quality 3D printing. This has been the focal point of many research teams from different companies across the world. The process of 3D printing is rapidly evolving, with new ideas that seemingly create objects of value from trash; for instance, the use of a procedure that makes use of rust powder to create objects. These objects are lightweight, stable, as well as safer when compared to iron powders. The same team of researchers has also discovered a way to build 3D printed metallic structures that are incredibly complicated, through the use of a completely new type of printing ink. This ink works well with a wide array of printing materials, including oxides and some alloys. This technology can be extremely useful and has already found application in the manufacture of batteries, medical implants, small components, and solid-oxide fuel cells.

Other Avenues that Make the Printing Inks Market Go

In terms of the various processes that use printing inks, the global printing inks market was dominated by lithographic printing in 2013, when it held over 40% of the market. Currently, the rise of the digital printing segment is a key driver of the global printing inks market. It is experiencing the fastest growth rate and is likely to run the show in due time, due to an increase in demand for digital printing. The global printing inks market is also showing a green streak as regulatory pressure opens up the scope of use for water-based solvents over oil-based ones.

The global printing inks market was led by North America in 2013, when it held nearly 30% of the market. This says a lot about the economic strength of the region, which needs a higher consumable resource and can meet the demand. At the same time, Asia Pacific is set to rocket forward in terms of growth in the global printing inks market till 2020, with China and India leading the region’s phenomenal growth rate. Therefore, the global printing inks market, as it stands, is still in a growth phase across multiple regions and segments. This will allow key players to either shift their pace or even change the segments in which they operate.

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3D Printing Inks and Better Printers to Contribute toward Growth of Printing Inks Market

The printing inks market has been growing at a steady rate across the globe and is estimated to tread a positive path in coming few years. According to a research report published by Transparency Market Research, the global printing inks market is expected to reach a value of US$20.17 billion by 2020 from the value of US$14.41 billion reported in 2013. This monumental growth will be steered by the flexible packaging segment, along with other packing materials that are used in several other industries.

Browse Full Market Research Report of Printing Inks Market: http://www.transparencymarketresearch.com/printing-inks-market.html

Analysts predict that the contribution of packaging to the printing inks market will continue to grow till 2020, as the industry will need inks for printing labels, tags, metal cans, and flexible materials. The printing inks market has picked up great speed as product designers are looking at various ways of making packaging interesting, catchy, and high-class.

Printers to Encourage Consumers to Spend More on Printing

Epson, a leading manufacturer of computer printers, is devising a special printer that will use lesser printing cartridge to encourage consumers to buy printers to begin with. The Epson EcoTank printer is expected to hit the market this September. It will be equipped with bigger, refillable ink tanks that will save the trouble of spending on a cartridge. The replacements inks will only cost the consumers US$13 to US$52, as compared to cartridges, which can cost up to US$70. Such innovations and minor tweaks to printing media are also expected to boost demand from the overall printing inks market.

3D Printing Inks Market to be Driven by Technological Progress

As designers, innovators, and artists are coming up with ink solutions for 3D printing techniques, the global printing ink market is also expected to expand in a new dimension. 3DT Labs is working its way around giving access to the world of color to various 3D printers across the globe. According to officials at 3DT Labs, 3D printing in color should not be a challenge. The solution to this Herculean task is being sought with Chameleon filament inking system. The company has been researching and developing this system for quite some time now. Endeavors to make 3D printing output colorful have has definitely opened a new avenue for the printing inks market to generate revenue from.

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According to analysts at Transparency Market Research, North America is expected to lead the global printing inks market, which was also the leading region in 2013 with a market share of 30% in terms of volume. Research indicates that growth of the printing inks market in North America will be due to rise in the use of flexible packaging and commercial printing. The next region in line to witness significant growth will be Asia Pacific, with India and China experiencing significant growth till 2020.