Rise in demand for 3D printing technologies and rapid development of printing methods drive the growth of the global digital textile printing inks market
PORTLAND, Oregon, May 14, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Textile Printing Inks Market by Ink Type (Reactive, Acid, Direct Disperse, Sublimation, and Pigment) and Application (Clothing/Garments, Household, Technical Textiles, and Display & Others): Global Opportunity Analysis and Industry Forecast, 2019-2027." According to the report, the global digital textile printing inks industry garnered $1.11 billion in 2019, and is projected to reach $2.66 billion by 2027, witnessing a CAGR of 11.6% from 2020 to 2027.
Prime determinants of growth
Rise in demand for 3D printing technologies and rapid development of printing methods drive the growth of the global digital textile printing inks market. However, huge initial cost of investment hinders the market growth. On the other hand, technological advancements create new opportunities in the coming years.
Get Detailed COVID-19 Impact Analysis on the Digital Textile Printing Inks Market @ https://www.alliedmarketresearch.com/request-for-customization/2090?reqfor=covid
The sublimation segment to maintain its dominant share during the forecast period
Based on ink type, the sublimation segment held the highest market share in 2019, contributing to nearly half of the global digital textile printing inks market, and is estimated to maintain its dominant share during the forecast period. This is due to its adoption in various applications including fashion and soft signage along with its eco-friendly characteristics. However, the pigment segment is projected to witness the fastest CAGR of 14.7% from 2020 to 2027, owing to its different benefits such as an excellent color strength and light resistance along with acceptance as universal ink.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2090
The display & others segment to maintain its lead position during the forecast period
Based on application, the display & others segment accounted for nearly half of the global digital textile printing inks market in 2019, and is estimated to maintain its lead position during the forecast period. This is due to its usage in trade show exhibitions with its benefits including high quality of color and the aesthetic appeal of fabric, lightweight nature, and ease in assembly. However, the household segment would register the highest CAGR of 12.9% from 2020 to 2027, owing to the surge in demand for luxurious printed household textiles from countries such as France, UAE, the U.K., and others.
North America to grow at the fastest growth rate by 2027
Based on region, North America would contribute the largest CAGR of 11.9% from 2020 to 2027. This is due to surge in demand from the fashion, sportswear apparel, and other industries. Moreover, Europe accounted for nearly half of the global digital textile printing inks market in 2019, and is estimated to maintain its dominance in terms of revenue by 2027. This is attributed to numerous factors including presence of key players in the region and well-established apparel and textile industry.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2090
Leading market players
- BASF SE
- Dover Corporation
- The DyStar Group
- Zhengzhou Hongsam Digital Science & Technology Co., Ltd.
- Huntsman Corporation
- Kornit Digital Limited (Kornit)
- Sensient Technologies Corporation
- Sawgrass Technologies
- SPGPrints B.V.
- Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital)
Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/digital-textile-printing-inks-market/purchase-options
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports:
Digital Ink Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Recycled Textile Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Adhesive Film Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Synthetic Lubricants Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
