Digital Textile Printing Inks Market - Market Size & Forecast, Competitive Analysis, and Growth Opportunities up to 2023
This report, from Stratview Research, studies the digital textile printing inks market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Digital Textile Printing Inks Market Growth and Forecast:
Textile is one of the oldest industries in the world and has undergone a remarkable change over the eons in which the digital printing technology, a very young technology, has a disruptive journey. Among different processes, screen printing has always been the choice of the process in the textile industry; however, the digital printing has efficaciously been catching the world’s attention. It is estimated that roughly 2% of the total printed textiles are manufactured digitally, mainly on polyester fabrics using dye sublimation.
The global digital textile printing inks market is projected to grow at an impressive CAGR of 17.5% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the textile industry; an increasing demand for rapid customization to create beautiful, unique clothing or households products; an increasing penetration of digital textile printing from the prototype development to a wide adoption in the printing of garment, home decor, and technical textiles; and excellent performance of digital printing, such as ease of image modifications, are some of the major factors that are proliferating the growth of the digital textile printing inks market.
Ink manufacturers are well aware of this excellent future growth and have eagerly been working for the development of innovative, game-changing inks addressing the current as well as emergent market requirements. Excellent adhesion to a wide range of fabrics, wet rub resistance, and the elimination of the need for any post-treatment process are some of the focused areas of innovations of the key players.
Digital Textile Printing Inks Market: by Type
The digital textile printing inks market is segmented based on the type as Reactive, Acid, Direct Disperse, Sublimation, Pigment, and Others. The sublimation segment is expected to remain the growth engine of the digital textile printing inks market during the forecast period of 2018 to 2023. An increased usage of polyester fabric for digital printing for meeting the requirement of rapid customization from household and industrial sectors are the major factor that has led to the dominance of sublimation ink in the market. The pigment-based inks segment is likely to witness the highest growth during the same period, driven by its excellent archival print life and color stability.
Digital Textile Printing Inks Market: by Substrate Type
Based on the substrate type, the digital textile printing inks market is segmented as Cotton, Silk, Polyester, and Others. The polyester segment is expected to remain the most dominant segment in the digital textile printing inks market during the forecast period. An extensive usage of polyester fabrics in industrial and household segments is primarily driving the demand for digital printing inks in the polyester fabrics segment.
Digital Textile Printing Inks Market: by Application Type
The digital textile printing inks market is also segmented based on the application industry or sectors into Garments, Decor, Industrial, and Others. The industrial segment is expected to remain the dominant segment of the digital textile printing inks market during the forecast period, driven by an increasing use of digital textile printing inks for advertisement. The garment is another segment that is likely to offer sizeable growth opportunities over the next five years as well.
Digital Textile Printing Inks Market: by Region
Europe is expected to remain the largest digital textile printing inks market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. Early adoption of the digital textile printing technology and the presence of a large number of clothing brands are driving the demand for digital textile printing inks in the European market. Asia-Pacific and North America are the other two major digital textile printing inks markets and are likely to generate a healthy demand for digital texting printing inks in the foreseeable future.
Digital Textile Printing Inks Market: Key Players and Major Strategies
The supply chain of this market comprises of raw material suppliers, distributors, digital textile printing ink manufacturers, and end users. The key manufacturers of digital textile printing inks are DowDuPont, Inc., Huntsman Corporation, Sensient Technologies, Dover Corporation, Dystar Group, BASF SE, and Kornit Digital. Merger & acquisition, new product development, and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The global Digital Textile Printing Inks market is segmented into the following categories.
Global Digital Textile Printing Inks Market, by Type
Global Digital Textile Printing Inks Market, by Substrate Type
Global Digital Textile Printing Inks Market, by Application Type
Global Digital Textile Printing Inks Market, By Region
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