Digital Inks Market to Register 5.4% CAGR in Near Future

The digitization of books is a major emerging trend at the present time. This shift toward digitization has occurred due to the changing preference of customers. People now prefer reading books on e-readers and tablets rather than buying paper-based books, which has given birth to new possibilities in the book industry. This is leading to the increasing demand for digital inks. A digital-based image can be printed directly into a variety of media by making use of digital inks. Moreover, these inks enable on-demand printing, thereby making the process quicker and cost-effective. The government is also increasing the focus on the usage of water-based digital inks, as the utilization of traditional solvent-based inks have harmful effects on the environment in terms of product disposal and manufacturing waste disposal.

As per a research conducted by P&S Intelligence, in 2016, the global digital inks market generated a revenue of $1,147.4 million and is predicted to grow at a 5.4% CAGR in the coming years. The several application areas of digital inks are office printing, textile, publication, industrial printing, packaging, commercial printing, and decorative printing. Among these, the largest demand for digital inks was created for the commercial printing application during the time period 2013–2016 and the situation is going to be the same in the near future as well. Digital inks are used extensively for commercial printing of products such as brochure, stationery, and catalogue. Furthermore, high-resolution printing is required for these application areas, which further results in high consumption of digital inks. The fastest growth in demand for digital inks is projected to be witnessed by the office printing application.

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The expansion of packaging industry is also contributing considerably to the rising demand for digital inks. The industry is among the prime consumers of digital inks in several regions, such as Asia-Pacific, North America, South America, and Middle-East and Africa. The requirement for packaged consumer goods is expected to grow substantially due to the rising youth population, continuously changing lifestyles of consumers, and increasing gross domestic product. The use of digital inks provides cost-effective packaging production with no volume limits, reduces the time taken for printing, significantly decreases capital-intensive inventory, minimizes waste generation, and reduces the requirement for storage space. Because of these advantages, digital printing is utilized in various applications such as labels, flexible packaging, rigid containers, and retail bags and snacks.

The adoption of environment-friendly digital inks is increasing as people are becoming more conscious toward the rapid degradation of the environment. In order to improve the efficiency and decrease the harmful effects of inorganic and toxic materials utilized in traditional inks, consumers are focusing on adopting environment-friendly digital inks, such as ultraviolet (UV)-cured and water-based digital inks. Solvent-based digital inks produce fumes and odor, which can cause discomfort to humans. Due to these factors, consumers have started using water-based and UV-cured digital inks, which is further compelling the manufacturers to invest in research and development activities for the development of environment-friendly digital inks.

How is Expanding Electronics Industry Driving Polyimide Films Market?

With the emergence of electronic devices, life has become exceptionally simpler for human beings. People are becoming increasingly dependent on these products for carrying out their day to day tasks, due to which the demand for electronics is surging. Furthermore, technological advancements in several industries, such as medical, automotive, and electronics, are resulting in the development of newer products every day. Because of these factors, the requirement for improvisation in designs of devices and coating materials is growing, which, in turn, is driving the demand for polyimide films in the electronics sector. These films are utilized in the developmental process of flexible printed-circuit (FCP) boards, recording devices, rotating machines, integrated circuits, and electric wires. Moreover, polyimide tapes are also used in capacitor & transformer insulation, gold leaf masking during wave soldering, coil insulation, and magnetic wire insulation.


As per a study conducted by P&S Intelligence, the global polyimide films market generated a revenue of $1,850.0 million in 2016 and is predicted to advance at a 10.1% CAGR in the near future. The various application areas of polyimide films are specialty fabricated products, motor/generators, FCPs, pressure sensitive tapes, and wires & cables.

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Among all these, the largest demand for polyimide films was created for the FCP application during 2013–2016. Polyimide films are utilized as an insulating material for the manufacturing of FCP; in a single layer FCP, these films are used as base layer on the single metal layer and in the case of multi-layer FCP, polyimide films are used for developing inner layers. A buffer is created against mechanical stress and heat transfer by making use of these films. Because of these factors, the FCP application is projected to continue creating highest demand for polyimide films in the coming years.

The polyimide films market is witnessing significant growth due to the different applications of polyimide films in various industries. This is due to the exceptional properties of these films such as thermal stability, ability to withstand a wide range of temperatures, flexibility, durability, chemical resistance, excellent tensile strength, low weight, water absorption characteristics, and damp-proof usage. Other factors leading to the rising demand for polyimide films over other coating materials include its abrasion and cut-through resistance characteristics, cost-effectiveness, faster design times, and ability to fabricate nanoscale features. Ascribed to all these properties, polyimide films find applications in a variety of industries such as medical, military, medical, and as mentioned above electronics.

As the technological advancements are taking place in every field, the device materials and coatings are also witnessing innovations. This has resulted in the emergence of polyimide tubing, which is a lightweight thermoset plastic with properties such as chemical interaction, flexibility, and resistance to heat. Due to these properties, polyimide tubing is gaining traction in the medical design market as the need for minimally invasive surgical devices is growing. In addition to this, polyimide tubing also has the potential to be utilized as an electrical and thermal insulator for fluid and gas delivery. Owing to all these factors, the demand for polymer films is predicted to rise in the coming years.