Portland, OR, July 15, 2020 (GLOBE NEWSWIRE) – According to report released by Allied Market Research, the global Digital textile inks market The share was $ 1.11 billion in 2019 and is expected to reach $ 2.66 billion by 2027. This corresponds to a CAGR of 11.6% from 2020 to 2027. The report offers a detailed analysis of the value chain, market dynamics, key profit strategies, key segments, and the business performance and competitive landscape.
The increasing demand for 3D printing technologies and the rapid development of printing methods have accelerated the growth of the global digital textile printing inks market. However, high acquisition costs hamper market growth. On the contrary, rapid technological advances are likely to open up new opportunities for market participants in the years to come.
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The global digital textile inks market is segmented by ink type, application, and geography. Based on the type of ink, the market is divided into reactive, acid, direct dispersion, sublimation, and pigment. The sublimation segment held the largest share in 2019 with a market share of almost half. However, the pigments segment is expected to show the highest 14.7% in the forecast period.
Based on application, the market is divided into Apparel / Apparel, Household, Technical Textiles, and Display & Others. The Display & Other segment dominated the market in 2019 and contributed around half of the market. However, the household segment is expected to have the highest CAGR of 12.9% over the forecast period.
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The global digital textile printing inks market is analyzed in several regions such as North America, Asia-Pacific, Europe and LAMEA. The market across North America is expected to be the highest CAGR of 11.9% in the forecast period. However, the pan-European market had the largest share in 2019 and made up almost half of the market.
Worldwide Digital Textile Printing Inks Market report has an in-depth analysis of key market players such as Dover Corporation, BASF SE, Zhengzhou Hongsam Digital Science & Technology Co., Ltd., DyStar Group, Kornit Digital Limited (Kornit), Huntsman Corporation, Sawgrass Technologies, Sensient Technologies Corporation, Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital) and SPGPrints BV These companies have implemented various strategies such as partnerships, collaborations, mergers and acquisitions, and new product launches in order to gain a foothold in the market.
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Allied Market Research (AMR) is a full-service market research and management consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of market research reports and business intelligence solutions to global corporations as well as medium and small businesses. AMR strives to provide business insights and advice to assist its clients with strategic business decisions and sustainable growth in their respective market areas.
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