Title: Inkjet Printing Market share forecast to witness considerable growth from 2018 to 2024
1Inkjet Printing market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Overview of Inkjet Printing Market
- The Asia Pacific inkjet printing market is
expected to exhibit the highest growth between
2018 and 2024 due to the significant growth in
industrialization giving rise to the rapid
emergence of new players in the textile printing
industry. China is the worlds largest textile
exporter with nearly 40 of the worlds clothing
and textile exports. With an extensive base of
textile manufacturers in India and China, the
demand for advanced inkjet printers in the Asia
Pacific market is expected to consistently
increase during the forecast period. - Inkjet Printing Market size is expected to
exhibit a significant growth over the forecast
period due to the increasing adoption of the
technology for industrial printing and 3D
printing applications. Inkjet printers precisely
drop tiny droplets of ink onto the paper for
creating high-resolution images or documents. The
process can be effectively used on multiple
surfaces including textiles, glass, and synthetic
printing materials. Companies in the printing and
packaging sector have been traditionally using
the conventional analog methods for printing but
digital inkjet printing is being increasingly
adopted owing to its potential to revolutionize
the printing industry.
3Continue
- Due to the key advantages of high speed,
non-contact printing, and cost-effectiveness,
applications of inkjet printers are expected to
witness a growing adoption over the forecast
timeline. Also, as inkjet printers offer
excellent consistency of print quality across
numerous instances, the technology is considered
to be highly reliable for large-scale industrial
printing processes. - Some of the key industrial applications of inkjet
printing include ceramics, textile printing,
industrial glass decoration, 3D printing, and the
production of display screens. The inkjet
technology is increasingly viewed as more than
just a marking or a printing technology. The
potential benefits of using inkjet printing
include the provision of high-quality output,
reduction of manufacturing costs, reduction in
inventory, mass customization, reduction of
waste, printing onto very small, non-flat, or
fragile substrates, and faster prototyping. The
key technologies used for inkjet printing include
continuous ink jet printing technology and
drop-on-demand inkjet printing technology. - The trend of using UV inkjet printing has been
consistently increasing in the business area of
original and customized items to enable high-mix,
low-volume on-demand production. UV printing is a
digital printing technology in which,
ultra-violet light is used to dry and cure the
ink as it is printed.
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- Thus, the process enables instant curing and
drying of the ink. As the UV inkjet printers do
not require a print-plate, the overall cost and
time of delivery can be significantly reduced.
Due to these economic advantages, the trend of UV
inkjet printing is expected to majorly contribute
to the changing dynamics of the printing industry
over the forecast period. - Companies operating in the inkjet printing market
are focusing on developing innovative inks to
facilitate the advanced commercial inkjet
printing. For instance, in August 2017, Xerox,
one of the leading global providers of printing
technology, introduced the Xerox Trivor 2400 High
Fusion Inkjet Press. The innovative ink produces
high-quality results by enabling inkjet printing
on an offset coated stock, eliminating the need
for intermediate coating, primers, or hardware.
The key players are also emphasizing on
increasing their production capacity by
strategically opening new plants. For instance,
in August 2017, Epson Precision (Philippines),
Inc., a manufacturing arm of the Seiko Epson
Corporation opened a new plant in the
Philippines. - The new plant was intended for increasing Epsons
inkjet printer and projector production. Some of
the key players in the inkjet printing market are
Epson, Xerox, Canon, Hewlett-Packard (HP),
Fujifilm, Konica Minolta, Orbotech, Biodot,
Jettable, E.I. Dupont, Eoplex, Organovo, Ricoh
Printing Systems, and Stratasys.
6Methodology
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