Chemical Indicator Inks Market is primarily been driven by vigorous demand in surgical instrument markets for sterilization processes. It is anticipated to be valued at USD 83.8 million by the end of 2024. The demand is been increased due to growing medical and healthcare industries. The market estimates to grow at CAGR over 8% over the forecasted period.
The market predominantly covers through water based chemical indicator inks which is more than 60%. Rising R&D expenditure by the companies of this market will fuel the market to grow in forecasted period.
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Water based inks are expected to grow exponentially at a CAGR of 8% from 2016 to 2024. Inks usage in steam sterilization processes is accounted to cross 40% of the overall industry in 2015. Revenue generated from steam sterilization was more than USD 15 million. UV cured chemical indicator inks market made USD 18 million in 2015. These are different from water based or solvent based. Rotogravure printing process covered over 15% of the overall market revenue in 2015. The industry share will increase by 2024 owing to increasing environmental regulators for VOC emission.
Application Insights
Tapes have the largest market share in terms of revenue following up with pouches, tags& labels, sterile bags. Expansion of healthcare industry has brought tremendous rise in this market. IV & blood containers are utilized in large quantity mainly by hospitals, nursing homes, ambulatory facilitators; rise of these will ignite the growth of the market.
Ethylene oxide sterilization is mainly used for medical and pharmaceutical products. Rotogravure printing comprises of chemical based indicator inks that are mostly suitable for printing. Also, market share for this segment is moderate because of its cost.
Regional Insights
North America has the highest market share in terms of revenue, in 2015, it was more than USD 15 million. Also, aging population in the region is the main reason for rising demand for healthcare facilities, increasing the market size for chemical indicator inks. APAC indicates rapid growth over healthcare industries which will fuel the product market at a CAGR of 8%.
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Market Segment:
Chemical Indicator Inks Product Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
- Solvent-based
- Water-based
- UV cured
Chemical Indicator Inks Sterilization Process Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
- Steam
- Ethylene Oxide
- Vaporized hydrogen & plasma
- Formaldehyde
- Others
Chemical Indicator Inks Printing Process Outlook (Volume, Tons; Revenue, USD Thousand, 2013 - 2024)
- Flexographic
- Rotogravure
- Screen
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This enhances the visual representation and also helps in understanding the facts much better.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/100633/global-chemical-indicator-inks-2021-419 The global chemical indicator inks market size was valued at USD 39.4 million in 2020.
The market is expected to witness growth at a CAGR of around 8% over the forecast period.By Market Players:Tempil (LA-Co Industries)North American Science Associates Inc. (NAMSA)3MTerragene SASTERIS CorporationRIKEN CHEMICAL Co., Ltd.Propper Manufacturing Co. Inc.SteriTec Products Inc.ETIGAM BvNiGK Corporationgke GmbHCrosstexBy TypeSolvent-basedWater-basedUV curedBy ApplicationSteamEthylene OxideVaporized hydrogen & plasmaFormaldehydeOthersBy Regions/Countries:North AmericaUnited StatesCanadaMexicoEast AsiaChinaJapanSouth KoreaEuropeGermanyUnited KingdomFranceItalyRussiaSpainNetherlandsSwitzerlandPolandSouth AsiaIndiaPakistanBangladeshSoutheast AsiaIndonesiaThailandSingaporeMalaysiaPhilippinesVietnamMyanmarMiddle EastTurkeySaudi ArabiaIranUnited Arab EmiratesIsraelIraqQatarKuwaitOmanAfricaNigeriaSouth AfricaEgyptAlgeriaMorocooOceaniaAustraliaNew ZealandSouth AmericaBrazilArgentinaColombiaChileVenezuelaPeruPuerto RicoEcuadorRest of the WorldKazakhstanPoints Covered in The ReportThe points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.The complete profile of the companies is mentioned.
And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
Finally, the report contains the conclusion part where the opinions of the industrial experts are included.Key Reasons to PurchaseTo gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.Assess the production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the market and its impact in the global market.Learn about the market strategies that are being adopted by leading respective organizations.To understand the future outlook and prospects for the market.Besides the standard structure reports, we also provide custom research according to specific requirements.The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Chemical Indicator Inks 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020.Key Indicators AnalysedMarket Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types.Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027.
Identifying its production, consumption, import & export, sales volume & revenue forecast.Market Analysis by Product Type: The report covers majority Product Types in the Chemical Indicator Inks Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).Markat Analysis by Application Type: Based on the Chemical Indicator Inks Industry and its applications, the market is further sub-segmented into several major Application of its industry.
It provides you with the market size, CAGR & forecast by each industry applications.Market Trends: Market key trends which include Increased Competition and Continuous Innovations.Opportunities and Drivers: Identifying the Growing Demands and New TechnologyPorters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.COVID-19 ImpactReport covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency.
The latest report published by Reports and Data is a work of meticulous research on the global Chemical Indicator Inks industry.
It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth.
The report elucidates the key market dynamics such as market size, market share, market growth drivers, restraints, threats, and opportunities using advanced analytical methods including SWOT analysis and Porter’s Five Forces analysis.
It further offers market revenue growth in terms of gross profits, regional market revenues, industry revenue growth rate, sales statistics, manufacturing costs, production & consumption, supply & demand, and key market players’ financial standing.The Chemical Indicator Inks market report offers latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak.
In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning.
Moreover, market experts at Reports and Data offer research-backed insights into the Chemical Indicator Inks industry and identify the key barriers to industry growth.
