The Global Dye Sublimation Inks Market Size is expected to showcase considerable growth owing to the rising fabric application and the growing trend of customized gifting among millennials that is likely to surge the demand for advanced dye sublimation inks across the globe. Fortune Business Insights published this information, in its latest report, titled, “Dye Sublimation Inks Market Size, Share & Industry Analysis, By Product Type (Water-Based, Oil-Based), By Application (Ceramic, Metal, Fabric, Plastic, Others), By End-Use (Industrial, Commercial) and Regional Forecast, 2020-2027.”
The effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
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Increasing Adoption across Fabric Industry to Accelerate Growth
Dye sublimation inks are primarily used to transfer graphics on polyester blends at high temperatures. The growing demand for customized printed t-shirts is driving the demand for the fabric industry across the globe. The rising fabric application of this type of ink is expected to bode well for its adoption across the globe. Furthermore, the growing trend of gifting is propelling the demand for customized prints on mugs, shirts, and plates that is likely to favor the global dye sublimation inks market growth in the forthcoming years.
List of the Companies Operating in the Global Market for Dry Sublimation Inks:
- MIMAKI INDIA PRIVATE LIMITED
- Splashjet Print Technologies
- STS INKS
- Astha Enterprises
- Dye Sublimation Supplies
- Hilord Chemical Corporation
- Axiom America LLC.
- Imprint Solution
- InkTec Europe Ltd
- GSG Inc.
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Growing Demand for Ceramic Products in Europe to Augment Growth
Geographically, Europe is expected to experience substantial growth in the global dye sublimation inks market in the forthcoming years. This is attributable to the growing demand for ceramic products for commercial applications that is likely to propel the adoption of advanced dye sublimation inks in the region between 2020 and 2027.
The market in Asia-Pacific is expected to showcase considerable growth during the forecast period. This is ascribable to factors such as the increasing adoption of dye sublimation inks to print mugs and plates backed by the growing gifting trend in the region.
Facility Expansion by Eminent Companies to Expand Their Product Portfolio & Boost Sales Revenue
The global dye sublimation inks market comprises small, medium, and large companies striving to maintain their dominance by expanding their facilities to cater to the growing demand for dye sublimation inks. Additionally, the adoption of organic and inorganic strategies by other key players to gain a competitive edge over their rivals is expected to contribute to the growth of the market.
- September 2019 – Seiko Epson Corporation announced the launch of SC-F9400 and SC-F9400H, the 64-inch, dye-sublimation printers. The company aims to consolidate its position in the global marketplace with the launch.
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What does the Report Provide?
The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
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