Digital Fabrication Inkjet Inks Market - By Type (Digital Fabrication Inkjet Inks Based on Dye, Digital Fabrication Inkjet Inks Based on Pigment), By Material (Paper, Plastics, Textiles), By Application & Forecast, 2023 – 2032
Report ID: GMI6322
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Published Date: July 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 15
Tables & Figures: 189
Countries covered: 21
Pages: 150
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Digital Fabrication Inkjet Inks Market Size
Digital Fabrication Inkjet Inks Market size was worth USD 5.45 billion in 2022 and is expected to observe 9.7% CAGR from 2023 to 2032 owing to the increasing adoption of 3D printing technology.
3D printing has gained prominence in various industries such as aerospace, automotive, healthcare, and consumer goods, adding to the high demand for high-quality inkjet inks in digital fabrication. These inks play a crucial role in 3D printing, enabling the precise deposition of materials to create complex and detailed structures. Additionally, the rising investments led by several industry leaders for the development of new 3D printing technologies will promote the usage of inkjet inks in 3D printing. For instance, in February 2021, Inkbit, the startup that created the first 3D printer with vision-based feedback control, launched its Additive Manufacturing System with Inkbit Vista, a closed-loop feedback three-dimensional printing system.
Digital Fabrication Inkjet Inks Market Growth Drivers and Restraints
The rising shift towards greener alternatives in manufacturing processes coupled with continuous innovations in inkjet ink formulations and printing technologies is poised to drive the demand for digital fabrication inkjet inks. However, the market may face challenges due to maintenance requirements and printer compatibility issues as inkjet printers necessitate regular maintenance to ensure consistent print quality while preventing clogging or nozzle issues, leading to increased operational costs and downtime.
COVID-19 Impact
The increased adoption of 3D printing technology during the pandemic, particularly in the healthcare industry for producing medical equipment and supplies accelerated the demand for inkjet inks in digital fabrication. The urgency to address supply chain disruptions also led to the heightened interest in local manufacturing, boosting the use of 3D printing and related inks. However, the pandemic led to several disruptions in the global supply chain, affecting the availability of raw materials, thus impacting inkjet ink production.
Digital Fabrication Inkjet Inks Market Trends
The growth of Industry 4.0 and the increasing acceptance of smart manufacturing technologies will also contribute to the market development. 3D printing and digital fabrication have become essential elements of the new industrial environment as these technologies revolutionize production processes. Several leading businesses are also concentrating on the development of cutting-edge digital inkjet inks to improve the market prospects. For instance, in June 2023, DuPontTM Artistri®, a pioneer in digital inkjet inks, introduced Artistri® P1600, a new direct-to-film pigment inks for DTF printers for professionally made products with consistent, brilliant colors on a range of materials.
Digital Fabrication Inkjet Inks Market Analysis
Digital fabrication inkjet inks market from the packaging application segment is set to generate substantial revenue between 2023 and 2032. Inkjet inks specifically formulated for packaging applications enable precise printing on various packaging materials, including cartons, labels, and flexible packaging. The ability to create intricate designs and personalized packaging enhances brand identity and consumer engagement. Moreover, the rising focus of the packaging sector on sustainable and eco-friendly solutions to offer more environmentally friendly options will contribute to the segment expansion.
The plastics segment held 45% share of the digital fabrication inkjet inks market in 2022 and is expected to gain notable traction through 2032. Inkjet inks tailored for printing with plastic materials play a crucial role in achieving high-resolution prints with excellent adhesion and color vibrancy. The widespread usage of plastic materials in 3D printing can be attributed to their versatility, affordability, and ability to create complex geometries. Moreover, the increasing adoption of 3D printing technology in industries, such as automotive, aerospace, consumer goods, and healthcare will fuel the demand for inkjet inks designed for plastic materials.
North America held sizable share of the digital fabrication inkjet inks market accounting for USD 1.8 billion in 2022 and is poised to expand at notable CAGR from 2023-2032. The advanced manufacturing capabilities, technological innovations, and the strong emphasis on R&D in the region have fueled the adoption of 3D printing technology. Additionally, the growing focus on sustainability and eco-friendly solutions have boosted the demand for digital fabrication inkjet inks to offer greener alternatives. The rising focus of industry players on expanding their production operations to address the growing demand will also fuel the regional market growth. For instance, in June 2022, FUJIFILM Imaging Colorants, Inc., opened two new facilities in the U.S. to produce aqueous ink inkjet dispersions.
Digital Fabrication Inkjet Inks Market Share
The competitive landscape of the digital fabrication inkjet inks market includes
Digital Fabrication Inkjet Inks Industry News
The digital fabrication inkjet inks market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:
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By Type
By Material
By Application
The above information is provided for the following regions and countries: