Press release
Product Diversification to Lead Digital Textile Printing Inks Market Growth, States Fact.MR
Within the textile printing industry, 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 manufactures 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.
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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) :
1,000 Digital Printers
Digital Textile Printing Inks Market by Printer Technology :
Roll to Roll
DTG
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, 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.
Fact.MR's Domain Expertise in Chemicals and Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Explore Fact.MR's Coverage on the Chemicals and Materials Domain:
Bio-succinic Acid Market - https://www.factmr.com/report/5405/biosuccinic-acid-market
Surge Suppression IC Market - https://www.factmr.com/report/surge-suppression-ic-market
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Petroleum Coke Market - https://www.factmr.com/report/petroleum-coke-market
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