Press release
Specialty Printing Consumables Market - Advent of 3D Printing Compels Manufacturers in U.S. to Focus on Product Innovation
The U.S. specialty printing consumables market was valued at US$24.09 bn in 2015 and, increasing at a 4.4% CAGR, is forecast to reach US$35.75 bn by 2024.
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Leading manufacturers of specialty printing consumables, such as DIC Corp., Xerox Corp., Canon Inc., HP Development Co., and Eastman Kodak Co., are working aggressively on product innovation in order to meet the rising expectations of consumers. For instance, in October 2015, Canon unveiled its resin 3D printer concept, which, according to the company, is well suited for rapid prototyping as well as manufacturing. The concept is projected to be much faster than current technologies and aims to produce stronger prints.
“Over the coming years, the leading participants in the U.S. specialty printing consumables market will have to focus on strategic alliances with companies in other sectors in order to expand their product sales,” the author of the study notes.
Rapid Expansion of IT and Industrial Sectors Influencing Demand for Specialty Printing Consumables
The demand for specialty printing consumables in the U.S. is highly influenced by the rapid expansion of the country’s IT and industrial sectors. As these consumables are widely utilized in facilities such as offices, hospitals, schools, and colleges, new construction as well as the expansion of these facilities offers considerable growth potential to manufacturers. “Going forward too, the growth of the IT and the industrial sectors will boost the demand for specialty printing consumables significantly in the nation owing to large-scale printing for purposes such as business communication,” the analyst states.
Read More: http://www.transparencymarketresearch.com/us-specialty-printing-consumables.html
Apart from this, the demand for specialty printing consumables will be stimulated by the growth of the U.S. printing as well as packaging industry.
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