The thermal inkjet inks market is projected to experience a steady growth trajectory, with an estimated average CAGR of 5.1% from 2023 to 2033. By 2023, the market value is predicted to reach approximately US$1.21 billion, eventually expanding to a market share of US$1.99 billion by 2033. This growth is primarily fueled by the rising demand for thermal inkjet printers across various industries due to their versatile applications.
Thermal inkjet inks, essential components of these printers, offer notable advantages such as strong adhesion, sharp image quality, and resistance to rubbing. Often known as bubble jet printers, these devices employ thermal energy or electricity to heat ink and apply it to different surfaces. The cost-effective nature of thermal inkjet technology positions it as an attractive option for high-speed printing, accommodating diverse material types.
Notably suited for tasks like label, barcode, and receipt printing, these inks reach temperatures of up to 300 degrees centigrade, transforming into a uniform solution expelled through a fine nozzle. However, challenges arise with potential ink clogging, as one ink remains at room temperature while the other is heated. This may compromise printing efficiency, slowing down the process, leading to ink wastage, and reducing overall effectiveness.
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Global thermal inkjet inks market: Introduction
Thermal inkjet printers are widely used in the market, due to its multiple applications across the various end user industries. Thermal inkjet inks are used as a printing material in the thermal inkjet printers, they have high adhesion properties, rub resistance, and have excellent sharpness. These features make them suitable to be used for printing barcode, labels, and receipts. Thermal inkjet inks are heated up to 300-degree centigrade. Heating of the ink forms a consistent solution which is expelled out through the nozzle. However, other inks remain at the room temperature, so there is an issue of ink clogging in the printers, which affects the efficiency of printing.
Clogging of the inks retards the printing speed and results in wastage of the ink and reduces printing efficiency. The thermal inkjet inks are fade resistant and water resistant so they can stay for the longer period on the substrate as compared to other inks. Key thermal inkjet inks manufacturers are producing UV fluorescing thermal inkjet inks, which are colorless in white lights and fluoresce in black light. These features of thermal inkjet ink are increasing its preference from the printing manufacturers end globally.
Global thermal inkjet inks market: Dynamics
Global thermal inject inks market is driven due to its high application by the packaging industry. Changing lifestyle, and long working hours is increasing consumer’s dependency on packaging food products. The rise in demand for packaging products increases demand for the packaging and printing machines. Thermal inkjet printers have high efficiency, and low cost thus is widely used in the market. The small-scale packaging manufacturers majorly consume thermal inject inks.
They use thermal inject inks for printing dates, logos, texts, graphics, and barcodes on the substrates. Thermal inkjet inks have various advantageous feature over other inkjet printers. Also, it is cheaper as compared to other inks, thus widely used for the noncommercial purpose. One of the restraining factor of the thermal inkjet ink market is that inks show incompatibility of some of the substrates. Compatibility of the ink with the substrate leads to the inaccurate depth of printing. Global thermal inkjet inks manufacturer are focusing on developing those thermal inject inks that are compatible on all the substrates, fast dried and provides smear free printing. As, all the operations require high speed, high efficient inks.
Key Segments of the Thermal Inkjet Inks Market
By Substrate Type:
- Porous
- Non Porous
By Packaging Type:
- Automotive
- Chemical
- Agriculture
- Oil and Gas
- Research and Development
- Others
By End User:
- Food & Beverage Industry
- Consumers Goods
- Cosmetics & Personal Care
- Industrial Goods
- Automotive Industry
- Electrical & Electronics
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Global thermal inkjet inks market: Regional Overview
Global thermal inkjet inks market is segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APeJ) and Japan. Asia Pacific region is estimated to show high growth during the forecast period. The packaging manufacturers majorly consume thermal inkjet inks, and Asia Pacific region packaging market grows at a high pace. Thus, regions thermal inkjet inks market is expected to expand with the high CAGR over the forecast period. North America and Europe region, thermal inkjet inks market is stagnant during the forecast period.
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