Global Digital Textile Printing Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Textile Printing Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital Textile Printing Inks refer to inks used in textile printing. This ink is suitable for clothing, textiles, and household applications. It can be divided into four types of inks: reactive inks, disperse inks, pigment inks, and acid inks.

Market Overview:

The latest research study on the global Digital Textile Printing Inks market finds that the global Digital Textile Printing Inks market reached a value of USD 1012.59 million in 2022. It’s expected that the market will achieve USD 1701.76 million by 2028, exhibiting a CAGR of 9.04% during the forecast period.

The industrial chain is affected

The impact of the pneumonia epidemic in COVID-19 on the global Digital Textile Printing Inks industry involves all major links and entities in the industrial chain. Under the epidemic situation, the company's management efficiency declined, commuting was seriously hindered, production plans were seriously hindered, network expansion and marketing were delayed, brands were forced to adjust, market sales declined, and the company and employees' income was damaged.

SMEs face challenges

The pneumonia epidemic in COVID-19 has had a great impact on the after-sales operation of the global Digital Textile Printing Inks industry, especially the small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

Drivers

It is an important link in the textile industry chain, a key process to enhance the added value of textiles, and an important part of the textile fashion industry. The printing and dyeing process is the general name of pretreatment, dyeing, printing, finishing, and washing, among which the printing process is the process of printing various patterns and patterns on textiles. At present, the printing process is mainly divided into traditional screen printing and digital inkjet printing. At present, in the field of high-end textile printing, digital ink-jet printing has formed an obvious substitution trend for traditional screen printing.

Limitations

Risk of formula leakage. There are many kinds of textile digital printing inks, and the nozzles, raw material components, and colors for each ink are different. Mastering several ink formulas through independent research and development and joint research and development is the core technology for the company to gain a foothold in the industry. At the same time, given the fast iteration speed of the ink formula, and for the sake of protecting trade secrets, the company did not apply for a patent for the ink formula, and kept it in the form of technical secrets. Therefore, once the company leaked the ink formula, the company did not apply for a patent for the corresponding formula. The company can only be protected according to the Contract Law, Anti-Unfair Competition Law, and other laws, and then there is a big shortage in the aspects of the burden of proof, mandatory, and so on compared with the patent right, which may have a big adverse impact on the company's operation in a short period. In the face of this phenomenon, the company can take the following measures: the company and the main technical personnel sign the Confidentiality Agreement, which stipulates the confidentiality responsibility of the technical personnel after leaving the company, to ensure that they keep the technical secrets of the company.

Region Overview:

Europe had the highest growth rate of all regions

Company Overview:

Huntsman Corporation is one of the major players operating in the Digital Textile Printing Inks market, holding a share of 23.1% in 2021.

Huntsman Corporation

Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals. The Company offers MDI formulations and systems, advanced epoxy, acrylic, and polyurethane-based formulations, maleic anhydride, surfactants, amines, textile chemicals and dyes, and a wide variety of other chemicals.

DuPont

DuPont now makes a broad array of industrial chemicals, synthetic fibers, petroleum-based fuels and lubricants, pharmaceuticals, building materials, sterile and specialty packaging materials, cosmetics ingredients, and agricultural chemicals. It has plants, subsidiaries, and affiliates worldwide.

Segmentation Overview:

Among different product types, Disperse Inks segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Polyester segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Digital Textile Printing Inks market covered in Chapter 3:

Kornit Digital
Hongsam Digital Science and Technology
SPGPrints
Sawgrass Technologies
BASF
DyStar Group
Huntsman Corporation
Sun Chemical
DuPont
Jay Chemical Industries
Zhejiang Lanyu Digital Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Textile Printing Inks market from 2018 to 2029 is primarily split into:

Reactive Inks
Disperse Inks
Pigment Inks
Acid Inks
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Textile Printing Inks market from 2018 to 2029 covers:

Polyester
Cellulosic
Wool
Cotton
Silk
Polyamide (Nylon)
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)