The ceramic inks market is projected to grow from USD 1.83 billion in 2017 to USD 3.7 billion by 2027, at a CAGR of 7.2% during the forecast period. Ceramic inks, primarily are carriers of fine ceramic particles. These inks are a mixture of salts, metal oxides, and fine glass particles and are used for printing ceramic tiles, glass, and metals. Ceramic inks are also used for printing food containers. Analog and digital printing technologies are employed to use these inks on various types of substrates.
Based on type, the ceramic inks market has been segmented into functional inks and decorative inks. The decorative inks type segment accounted for the largest market share of the ceramic inks market in 2017. The growth of this segment of the market can be attributed to increased use of ceramic inks in decorated tiles for residential and commercial infrastructures. These ceramic inks are durable, heat-resistant, and chemical-resistant. They possess excellent color strength. Ceramic inks are widely preferred for glass printing and ceramic tile decorations due to their high resistance to heat and chemicals.
Based on technology, the ceramic inks market has been segmented into analog printing and digital printing. The digital printing technology segment of the ceramic inks market is projected to grow at the highest CAGR during the forecast period. The growth of this segment of the market is due to the growing use of digital printing technology in the manufacturing of ceramic tiles. Moreover, the employment of the digital printing technology results in low production costs of printed ceramic tiles. It also ensures high-quality prints, increased production of ceramic tiles, and zero wastage.
Increasing use of ceramic tiles in the construction industry is fueling the growth of the ceramic inks across the globe. The key companies operating in the market have adopted various inorganic and organic growth strategies such as acquisitions, new product launches, mergers, expansions, agreements & contracts, partnerships, and joint ventures to strengthen their foothold in the ceramic inks market. Ferro Corporation (US), Zschimmer & Schwarz (Germany), Esmalglass – Itaca Grupo (Spain), Torrecid Group (Spain), and Fritta (Spain) are some of the leading players operating in the ceramic inks market.
New product launches and acquisitions were the key growth strategies adopted by the leading players of the ceramic inks market between 2015 and 2017 to enhance their business prospects, increase their global reach, and widen their distribution networks.
Ferro Corporation (US) develops digital ceramic inks for use in ceramic tile applications. The company manufactures and supplies ceramic inks through its performance coatings business segment. In 2017, the company acquired four companies, namely, Endeka Group (US), Cappelle Pigments (Belgium), Gardenia Quimica, S.A. (Spain), and Dip-Tech Ltd. (Israel) to strengthen its position in the ceramic inks market.
Torrecid Group (Spain) is one of the leading innovation-driven company, which develops innovative ceramic inks. The company has adopted the strategy of new product launches to strengthen its product portfolio in the ceramic inks market. For instance, in 2017, the company launched a new digital ceramic ink under the brand name ECOINK-CID, which is a water-based digital ceramic ink used in ceramic tile applications.
Colorbbia S.p.A. (Italy), Sicer S.p.A (Italy), Kao Chimigraf (Spain), Sun Chemical (US), and Tecglass (Spain) are some other key manufacturers of ceramic inks.
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