According to Inkwood Research, the Global Digital Ink Market is estimated to record a CAGR of 5.60% in terms of revenue and 4.72% in terms of volume during the forecasting years of 2021-2028.
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Digital ink refers to the technology digitally representing
handwriting in its natural form. In terms of a typical digital ink system, a
digitizer is placed over or under an LCD screen in order to generate an
electromagnetic field. It is capable of capturing the movements of a
special-purpose pen and record them on the screen.
Rising
Demand for 3D Printing to Fuel Market Growth
3D printing is widely prevalent and preferred across
industries, such as medical, manufacturing, and sociocultural sectors. As a
result, 3D printing is a successful commercial technology in the present
scenario. In this regard, fashion designers are avidly experimenting with 3D
printed shoes, dresses, and t-shirts. Several enterprises are also printing
consumer-grade eyewear, in addition to on-demand styling and custom-fit. On the
other hand, virtual planning of surgery as well as guidance using 3D printing
technology is being applied across various surgical areas. These include
craniomaxillofacial reconstruction and total joint replacement, with high
success rates.
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Textile is
the Fastest-Growing Application in Terms of Volume and Revenue
Digital textile printing inks are primarily used for
printing promotional wear, jackets, and t-shirts. The inks are also utilized on
large format textile rolls in order to increase the output per length. The
segment has continued to observe substantial growth, on account of the
augmenting demand for advertisements, as well as corporate brandings like
retail graphics, flags, and banners.
Europe is
the Dominating Region under Volume and Revenue
The extensive market growth in Europe is credited to the
massive customer base, in addition to the presence of key players across the
region. As the largest consumer of digital inks, the industrial printing
application’s growth is mainly attributed to the increasing demand from
industries, such as personal care and cosmetics, packaging, textile, and
automotive, among others. However, developments in modern information
technology pose significant challenges to the printing ink industry. The
growing popularity of electronic media indicates that books and newspapers are
widely read on e-reading platforms, while correspondence and information are
exchanged through the internet.
On the basis of the in-depth industrial analysis, the global
digital inks market is set to witness moderate industrial rivalry across the
peripheral equipment division, specifically among conventional laserjet and
inkjet printer manufacturers. Some of the key players operating in the global
digital ink market include Flint Group, DuPont, DIC Corporation, Dover
Corporation, etc.
About Inkwood
Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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