LOS ANGELES, March 18, 2019 (GLOBE NEWSWIRE) -- The global screen printing inks market size is anticipated to be around USD 1,135.6 million by 2026, this market is anticipated to grow with 4.7% CAGR during the forecast time period. The increasing preference of screen printing inks in commercial printing is expected to drive the growth of the global screen printing inks market.
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The rising demand for screen printing inks from the packaging industry is anticipated to boost the global screen printing inks market. Several factors such as the rise in disposable income, environmental impact, and increase in consumer awareness about wellness and fitness are the latest trends that are impelling the overall packaging industry. In turn, these factors are projected to fuel the demand for screen printing inks market in the upcoming years. Additionally, the increase in preference for online reading and growing e-commerce industry are some of the major factors likely to boost the demand for screen printing inks market during the forecast period. Also, factors boosting the demand for e-books include mass access, lower cost as compared to printed books and accessibility of low-cost reading devices. This is the restraining factor for the printed books and is boosting the demand for water-borne screen printing inks. However, the VOC emissions in solvent-based inks are high, which is likely to hamper the growth of screen printing inks market. Also, an increase in the number of safety regulations to avoid adverse health concerns caused by consumption of toxic substances is expected to restrain the global screen printing inks market in the coming years. Moreover, the rising demand for environment-friendly screen printing inks is expected to create lucrative growth opportunities for the industry players in the screen printing inks market across the globe.
Also, screen printing inks are extensively used in a wide range of applications such as container printing, touch panel printing, toy printing, optical disk printing, and others. There is a shift in demand from traditional printing to screen printing technologies, as it offers a long shelf life. This factor is likely to boost the growth of the global screen printing inks market. Moreover, the key manufacturers of screen printing inks are focused on entering into a partnership with other players in order to expand geographical presence. For instance, in November 2017, Pulse Roll Label Products Ltd entered into strategic partnership with Shanghai Value Tech Co. Ltd and ANO with an objective to offer PureTone UV flexo ink system, which is a color management solution for end-use industries looking for advanced flexo printing.
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The global screen printing inks market is segmented into type, application, and region. On the basis of type, the global screen printing inks market is segmented into water-based, solvent-based, UV-cured, and others. On the basis of application, the global screen printing inks market is segmented into commercial printing, publication, labels & packaging, and others. On the basis of the region, the global screen printing inks market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific region is expected to dominate the global screen printing inks market followed by North America and Europe region. The market in the Asia Pacific is expected to grow significantly during the forecast period due to the upsurge in demand from various end-use industries such as automotive, textile, and packaging in developing countries, such as India, Malaysia, Vietnam, and Singapore. The screen printing inks in North America region is anticipated to hold a significant share in the upcoming years. The demand for screen printing inks in North America is expected to increase at a significant pace owing to the increase in consumption of UV-cured inks in advertising, automotive component printing, textile printing, and other applications.
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The prominent players operating in the global screen printing inks market are Huber Group, Toyo Ink Co., Ltd., Sun chemicals, Marabu GmbH & Co. KG, Kolorcure, Flint Group, Nazdar Ink Technologies, Fujifilm Specialty Ink Systems Ltd., Union Ink, Siegwerk Druckfarben AG & Co. KGaA, EPTANOVA S.R.L., Monarch Color Corporation, Tiflex, and Grafco etc. The demand for screen printing inks in North America region is expected to increase rapidly during the forecast period owing to the huge consumption of UV-cured inks in textile printing, advertising, automotive component printing, and other applications. The market in the region is dominated by huge players and is moderately consolidated. The strategic initiatives commenced by global companies include partnerships, new product launch, acquisitions, and mergers. The R&D investments coupled with advanced screen printing technologies are expected to offer innovative printing inks solutions that are anticipated to offer lucrative opportunities for industry players in the global market.
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