What is Photochromic Ink Market?
Photochromic Ink changes its color when it is exposed to sun light. Once the removed it will take its original color within one to two minutes. It has various uses like sunglasses, t-shirts, stickers and also acts as UV detector. These ink are also used for the security purpose as these are not visible to human eye but can be detected by devices. The increasing interest of consumers towards packaged foods, beverages and other products is projected to affect the demand of the specialty link.
The market study is being classified by Type (UV Fluorescent Inks, Thermochromatic Inks, Optically Variable Inks, Humidity Sensitive Inks, Infrared Fluorescent Inks, Pressure Sensitive Inks and Others), by Application (Printing & Publication, Flexible Packaging, Safety & Security, Entertainment and Others.) and major geographies with country level break-up.
Sicpa (Switzerland), Sun Chemical (United States), Microtrace (United States), Gleitsmann Security Inks (Germany), Cronite (United States), Villiger (Switzerland), Gans (United States), Kodak (United States), Shojudo (Japan) and Mingbo (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Letong Ink (China) and Wancheng (China).
In This Market the Design, Color and Appearance are the Major Factors which Attracts the Customers. Continuous Demand due to Increasing Sales of Other Products like Packaged Food and Clothes. The Companies are Introducing the New Technology to Enhance the Features Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Photochromic Ink market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Photochromic Ink market by Type, Application and Region.
On the basis of geography, the market of Photochromic Ink has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Label Packaging as the Designs Attract the Customers
- Improvement in Standard of Living, has Increased the Consumption of Packaged Beverages and Food
Market Trend
- Key Players are Investing in R&D to Develop the Ink for Security
- Introduction of New Technologies Such as Inkjet and Others
Restraints
- High Prices Associated with Raw Materials
- New Technologies Having High Costs are Acting as a Restraint to the Market
Opportunities
- Increasing Per Capita Income in Developing Countries
- Wide Use of Photochromic Ink like Clothes, Packaging and Security
Challenges
- Lack of Awareness Among The Individuals
In 2019, Kodak Announces the Launch of Kodacolor Direct to Garment (Dtg) Ink Leveraging Decades of Technological Innovation and Results in Remarkable Color and Feel
Key Target Audience
Specialty Ink Manufacturers, Traders and Distributors of Specialty Ink, Research and Development Institutes, Potential Investors, Raw Material Suppliers and Nationalized Laboratory