Recovered Carbon Black Market Size 2019 – Huge Growth Opportunities & Expansion till 2024

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Security Inks Market Research Report - Global
Forecast till 2024
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2024
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Security Inks Market - 2024
Global Security Inks Market by Type (Invisible,
Biometric and Fluorescent), Printing Method
(Letterpress, Offset and Intaglio), Application
(Banknotes, Official Identity Documents, Tax
Banderoles and Consumer Packaging) and Region -
Forecast till 2024
Market Summary The Global Security Inks Market is
projected to register a CAGR of over 4 during
the review period. The growth of the global
security inks market is primarily driven by the
increasing number of forgery and counterfeiting
activities in the banking and financial sectors
across the globe. The use of security inks in
consumer packaging application for product
identification throughout the supply chain is
another major driver of the global market growth.
The introduction of techniques such as a
biometric identifier, embossing stamp, reversed
out text, fluorescent serial number, and ink
stamp to counter the forging activities is
expected to fuel the demand for security inks
during the review period. Competitive
Analysis Some of the prominent players in the
global security ink are SICPA HOLDING SA
(Switzerland), Sun Chemical (US), Microtrace, LLC
(US), Guangzhou Mingbo Anti-Forgery Technology
Co., Ltd (China), The Cronite Company (US),
Naigai Ink Mfg. Co., Ltd (Japan), Kao Collins
Corporation (US), Chromatic Technologies Inc
(US), Gleitsmann Security Inks GmbH (Germany),
and Chroma Inks (US).
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Security Inks Market - 2024
Segment Analysis Based on type, the global
market has been classified into invisible,
biometric, fluorescent, thermochromic, optically
variable, magnetic, reactive, erasable, infrared,
and others. The invisible ink is the most widely
used ink for cheque printing and ID documents.
This is due to the low cost and availability of
colors. On the contrary, optically variable ink
is extremely expensive and is used in passport
and currency printing. On the basis of printing
methods, the global market has been categorized
into letterpress, offset, intaglio, flexographic,
silk screen, and others. Among these, flexography
is extensively used due to the advantages of fast
drying speed, low cost, and versatility. However,
the flexography method also offers certain
disadvantages such as harmful effects on the
environment and high cost of set-up. By
application, the global market has been segmented
into banknotes, official identity documents, tax
banderoles, security labels, consumer packaging,
and others. The security labels segment is
projected to register a significant CAGR due to
the rising demand in the manufacturing of
counterfeited products such as pharmaceuticals,
electronics, and consumer goods.
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Security Inks Market - 2024
Regional Analysis The global market, by region,
has been segmented into North America, Europe,
Asia-Pacific, Latin America, and the Middle East
Africa. Asia-Pacific emerged as the fastest
growing regional market for security inks in 2018
owing to the high demand in currency printing.
The unexpected changes by governments, for
instance, demonetization by the Indian government
in 2016 increased printing of new notes, which
fueled the demand for security inks in the
region. North America and Europe are expected to
witness significant growth during the forecast
period on account of the growing awareness
pertaining to document security and high
instances of forgery and counterfeiting. The
markets in Latin America and the Middle East
Africa are projected to grow at a moderate pace
due to less adoption of the product. Key
Players SICPA HOLDING SA (Switzerland) Sun
Chemical (US) Microtrace Kao Collins Corporation
(US) Chromatic Technologies Inc. (US) Gleitsmann
Security Ink GmbH (Germany) Chroma Inks (US) The
Cronite Company (US) Naigai Ink Mfg. Co. Ltd
(Japan) Guangzhou Mingbo Anti-Forgery Technology
Co. Ltd (China).
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