Market Size of Ceramic Inks Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.64 Billion |
Market Size (2029) | USD 3.68 Billion |
CAGR (2024 - 2029) | 6.89 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Ceramic Inks Market Analysis
The Ceramic Inks Market size is estimated at USD 2.64 billion in 2024, and is expected to reach USD 3.68 billion by 2029, growing at a CAGR of 6.89% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, increasing demand for decorative glass and tiles are some factors driving the studied market's growth.
- Conversely, high-cost involvement in shifting from analog to digital technology will likely hinder the market's growth.
- However, technological advancements in digital printing are projected to act as an opportunity for the market shortly.
- Asia-Pacific is expected to dominate the global ceramic ink market during the forecast period.