(MENAFN- Ameliorate Digital Consultancy)
As per a newly released report on the global digital textile printings inks market by Fact.MR, the global market is projected to be valued at US$ 1 billion in 2022, and expand at a high CAGR of around 12.7% over the period of 2022-2032.
Within the textile printing industry, the demand for digital textiles is rapidly expanding. Furthermore, printing mills are transitioning from a traditional to an automated business model. Every year, approximately 20 billion linear meters of printed textile fabric is produced. Currently, only around 5% of these are produced using the automation method. However, the digital textile printing industry is growing at the rate of around 25% every year.
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Another driver spurring market growth is the consistent use of digital textile printings inks in industries such as fashion, home textiles, and soft signage. Increase in consumer demand for printed textiles for multifarious application, along with a rise of the fashion industry, are expected to substantially increase the market for digital textile printings inks over the coming years.
What's Driving High Consumption of Digital Textiles Printing Inks?
“Fashion & Home Textile Sectors Account for High Demand”
Sales of digital sublimation inks are rising rapidly as fashion trends are acting as the perfect catalyst driving demand growth of dye sublimation inks.
Consumers are demanding productive and efficient digital textile printers. This trend is picking more pace in developed regions of the world, which is positively influencing digital textile printing ink market demand. Europe and Asia are major manufacturers and exporters of digital textile printing inks, fulfilling demand from digital textile printed fabric manufacturers with rapid technological advancements in printer technology.
In terms of sales, the fashion and home textile industry is expanding tremendously. The expanding textile industry is acting as a catalyst to grow the demand for various digital textile printing inks, which include pigmented inks for digital textile printing as well as reactive inks for digital textile printing. As these inks have the perfect holding capacity and chemical chemistry, digital textile inks are replacing water-based inks.
Dye-sublimation textile printing is a popular and versatile product that can be used for soft signage, apparel, home textile products, and promotional items. The soft signage market is expanding, but it is more in demand or admired in the European region than in North America because PVC is illegal in Europe as they release detriment fumes while burning.
Key Segments Covered in the Digital Transaction Management Industry Survey
Digital Textile Printing Inks Market by Type : Dye Sublimation Reactive Dyes Acid Dyes Disperse Dyes Pigments Others
Digital Textile Printing Inks Market by Printer Speed (sqm/hr) : <50 Digital Printers 50 – 100 Digital Printers 101 – 250 Digital Printers 251 – 400 Digital Printers 401 – 600 Digital Printers 601 – 800 Digital Printers 801 – 1,000 Digital Printers 1,000 Digital Printers
Digital Textile Printing Inks Market by Printer Technology :
Digital Textile Printing Inks Market by End-use Application : Fashion Sportswear Home Textiles Soft Signage
Competitive Landscape
Amtex, DCC Prints, EFI, DyStar, DuPont, Durst Group AG, Everlight, Hongsam, Huntsman, Inkbank, Isonik, Jk Group, Kao Collins, Lustre, Marabu, and Sun Chemical are major players in the digital textile printing inks market.
For the year 2022, Huntsman has increased its digital textile ink properties to provide extensive stability, resistance to aqueous solutions, and excellent material holding capacity. Huntsman digital textile printing inks hold around 8% of the North American market.
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Key players in the Digital Transaction Management Market
Amtex DCC Prints EFI DyStar DuPont Durst Group AG Everlight Hongsam Huntsman
Key Takeaways from the Market Study
By type, dye sublimation is projected to provide an absolute $ opportunity worth US$ 692.6 million over the forecast period of 2022-2032. Acid dye, on the other hand, is anticipated to account for 16.9% market share by 2032. By end-use application, fashion digital textile printing ink utilization across geographies is anticipated to expand around 2.5X in market value by 2032. Soft signage is set to create an absolute $ opportunity worth US$ 213.5 million by 2032. Europe is projected to capture around 40.6% of the global digital textile printing inks market share by 2032. Asia to provide an absolute dollar opportunity worth US$ 399.5 million by 2032-end.
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