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Digital Ink market Trends
The growth is attributed to the surge in demand for 3D printing technologies and advancements in printing methods.
Surge in demand for 3D printing technologies, and rapid development of printing methods fuel the growth of the global digital ink market.” - David Correa
WILMINGTON, DELAWARE, UNITED STATES, February 23, 2024 /EINPresswire / -- The Allied Market Research report on the global digital ink market revealed a valuation of $2.6 billion in 2018, with an expected rise to $4.3 billion by 2026, marking a Compound Annual Growth Rate (CAGR) of 6.1%. The report offers an extensive analysis of the market's size, top investment areas, successful strategies, drivers and opportunities, competitive landscape, and shifting trends.
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The growth is attributed to the surge in demand for 3D printing technologies and advancements in printing methods. However, the high initial costs pose a hindrance to the market's expansion. Nevertheless, the report anticipates that technological advancements will open up lucrative opportunities in the foreseeable future.
The digital textile ink segment is projected to lead the market by 2026. In 2018, this segment generated a quarter of the total revenue and is expected to exhibit a remarkable CAGR of 9.0% until 2026.
Regarding technology type, the ink-jet segment occupied nearly three-fifths of the market share in 2018 and is poised to maintain this dominant position. On the other hand, the electrography segment is predicted to witness the fastest CAGR of 6.4% by the end of 2026.
In terms of regional dominance, Europe captured half of the market share in 2018. However, the Asia-Pacific region is expected to display the fastest CAGR of 6.6% by 2026. The report also covers North America and LAMEA.
Major players in the global digital ink market include Dover Corporation, PMZ Flint Group, Marabu GmbH & Co. KG, Sakata Inx Corporation, Du Pont, Nazdar Ink Technologies, Toyo Inc., Sc Holdings Co. Ltd., DIC Corporation, and Wikoff Color Corporation. These companies have implemented various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market positions.
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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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.
David Correa
Allied Market Research
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