The Thermal Inkjet Inks Market is anticipated to thrive at a slow-paced CAGR of 5.1% between 2023 and 2033. The market is expected to have a market share of US$ 1.99 billion by 2033, while it is likely to be valued at US$ 1.21 billion in 2023.
Because of these special qualities, thermal inkjet inks are perfect for jobs like printing labels, creating barcodes, and creating receipts. The process of thermal inkjet printing involves heating ink to temperatures as high as 300 degrees Celsius, which causes it to change into a uniform solution and then be precisely expelled out a tiny nozzle.
The market for thermal inkjet printers is seeing a notable upswing in demand because of its adaptable uses across multiple sectors. The thermal inkjet ink, a vital printing substance renowned for its remarkable adhesive qualities, sharp output, and resistance to smudging and rubbing, is essential to the efficiency of thermal inkjet printers.
The Thermal Inkjet Inks Market is poised for substantial growth in the forecast period, driven by several factors. These inks are known for their resistance to water and fading, ensuring that prints maintain their quality for extended periods compared to other ink types.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6342
Recent Market Developments:
- HP Inc. announced that it is set to acquire Poly, a global leader in workplace collaboration solutions, for an enterprise value of US$ 3.3 billion. This acquisition stirs HP’s strategy to make a more growth-oriented portfolio. It also strengthens its industry opportunity in hybrid work solutions.
- Videojet Technologies, a giant in coding and marking solutions, and Software, a leader in Enterprise Labeling and Artwork Management solutions, announced a strategic partnership to alter how companies automate printing across production lines, warehouses, and factories.
- Digital Ink Technologies Pty Ltd has launched its ink engineering and manufacturing space for custom ink engineering and enhanced printer performance. Along with thermal inkjet ink, the brand produces UV/LED inkjet inks, water-based inkjet inks, and eco-solvent inkjet inks.
- Linx Printing Technologies Ltd. It has introduced its special adherence inks and food-grade inks containing edible raw materials.
Drivers:
- Versatile Applications: Thermal inkjet inks are widely used in various industries due to their versatile applications. They are utilized for tasks such as label printing, barcode generation, and receipt production, making them a valuable tool in a range of sectors.
- Adhesion Properties: Thermal inkjet inks are known for their superior adhesion properties, ensuring that prints adhere effectively to various surfaces, including labels and packaging materials.
- Sharpness: These inks deliver sharp and clear prints, making them suitable for applications where precision and readability are crucial, such as barcode labeling.
- Smudge Resistance: Thermal inkjet inks are resistant to smudging and rubbing, ensuring that printed materials maintain their quality and appearance over time.
- Longevity: These inks are designed to have a long lifespan and remain intact for extended periods, even in challenging environmental conditions.
Major Players:
- Videojet Technologies, Inc.
- Union Chemical Co., Ltd
- Mylan Group
- Rex-Tone Industries Ltd
- HP Development Company, L.P.
- Digital Ink Technologies Pty Ltd
- Linx Printing Technologies Ltd.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-6342
Segmentation:
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
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube