3 pivotal trends anticipated to drive ceramic inks market over 2019-2025
Publisher : Fractovia | Published Date : 2019-09-10Request Sample
Owing to the expansion of construction activities in various global regions, ceramic inks market outlook is likely to witness considerable growth over the times to come. Apart from construction sector, the expanding automotive segment is also expected to provide a push to ceramic inks industry share in the years to come. Some of the top trends which are likely to impact ceramic inks market outlook by 2025 have been explained as follows:
Construction sector to play significant role in propelling ceramic inks market size:
The increase of building and construction activities in Asia Pacific region and the U.S. is expected to offer impetus to ceramic inks market over the forecast period. Ceramic inks are used greatly in ceramic tiles for flooring, wall tiling, and other glass-based purposes. Increasing product usage owing to the increasing construction activities that have created a massive scope for the utilization of such products is anticipated to boost ceramic inks industry share in the near future.
Global construction has been predicted to increase output volume by 85% to reach $15.5 trillion worldwide by 2030. Three countries, the U.S., India, and China, have been estimated to lead the way and account for 57% of overall global growth. In 2018, the North American region has accounted for over $300 million in ceramic inks industry share globally owing to increasing infrastructure activities in the U.S. Similar growth trends are expected to be maintained through 2025 which will add growth impetus to ceramic inks market.
The construction sector in India has been predicted to grow almost twice as fast as China till 2030, offering a new engine of global growth in emerging sectors. The urban population in India has been estimated to grow by a staggering 165 million by 2030. The increase in urban population will raise populous in Delhi by 10.4 million people and it will become the world’s second largest city.
According to these estimates, India will become the third largest construction sector in the world by 2025. Around 11.5 million homes a year are expected to be added making it a $1 trillion a year business. Quality of living is also improving the grade of residential projects which will help ceramic inks market to inflate significantly.
Functional ceramic inks market is likely to influence industry trends in the coming times:
Functional ceramic inks are expansively used in automotive sector for printing ceramic ink on glass. The product helps to improve reliability of indoor and outdoor automotive glasses. In 2018, functional ceramic ink segment generated a revenue of more than $900 million and is anticipated to grow at a fair rate over 2019-2025.
Growing automotive glass domain is likely to positively impact ceramic inks market trends owing to the wide-ranging usage in the automotive businesses for printing ceramic ink on glass. Automotive glass sector will witness growth of around 5% by 2024 with the increasing production of light commercial vehicles. High transport rates, rising demand for vans and mini-trucks, and rapid urbanization are some of the factors favoring the automotive glass sector and hence ceramic inks market trends as well. It has been estimated that automotive glass market share will exceed $21 billion by 2024 which will also help ceramic inks industry size to grow.
Ceramic inks market players are going to push industry size through collaborations:
Major ceramic ink manufacturers have been playing a significant role to expand their footprint and in turn are helping ceramic inks market to grow. For instance, SICER SPA had reportedly acquired majority of SOL-INK, an Indian company based in Morbi. With the INKERA brand, Morbi has been a leader for years in the production and distribution of digital ceramic inks and supplier of the best ceramic groups on the market.
The joint company Sicer-Inkera, will have a particular focus on the manufacturing of products for the making of large ceramic slabs and the various series of glazes and grits. The expansion is likely to offer a positive impact on ceramic inks market size in coming years.
Yet another instance is Ferro Corporation’s reported acquisition of Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile sector. The acquisition has reportedly integrated Ferro into certain key raw materials used in the manufacture of ceramic coating materials. With closure of the acquisition, the company will has aimed to increase the value for its customers, improved services, and offer high-end products by leveraging the best practices of both the companies.
Similar efforts have been made by several other ceramic ink manufacturers to spread their footprint in ceramic inks market. According to a research report by Global Market Insights Inc., ceramic inks market is anticipated to witness revenue growth of over $2.8 billion by 2025.
