Global Chemical Indicator Inks Market 2017-2021

Overview of the global chemical indicator inks market

Market research analysts at Technavio predict that the global chemical indicator inks market will grow steadily at a CAGR of around 8% by 2021. The growing aging population is identified as one of the primary growth factors for this market. It has been observed that about 88% of the global population constituted of people aged less than 60 years in 2015. By 2050, the people aged over 60 years is anticipated to be around 22%. Almost 20% of the population in Japan, Italy, Greece, Germany, and Portugal are aged above 65 years. The knees and hips are the key body parts affected in people over 60 years of age. This will increase the spending on medical expenses by this age group, which will be subsequently drive the growth of the chemical indicator inks market.

In terms of geographic regions, North America will be the major revenue contributor to the chemical indicator inks market throughout the forecast period. The high growth of the healthcare industry particularly in regions such as Canada and the US is expected to drive the demand for chemical indicator inks in the region. The rising need for medical sterilization processes due to the stringent regulations by the US regulatory bodies is also expected to have a positive impact on the growth of the chemical indicator inks market in North America during the forecast period.

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Competitive landscape and key vendors  

The chemical indicator inks market consists of large and small vendors. The market has a number of regional vendors, especially in the developing regions such as APAC. The increase in industrialization in developing regions has boosted the entry and growth of the domestic vendors in the market. Operation costs, innovation, product quality, and pricing are some of the major factors the vendors usually compete on.

The leading vendors in the market are -

• 3M
• Getinge
• LA-CO Industries
• NOF Corporation
• RIKEN CHEMICAL

The other prominent vendors in the market are Crosstex International, Etigam, gke, North American Science Associates, Propper Manufacturing, STERIS, and Terragene.

Segmentation by product and analysis of the chemical indicator inks market

• Water-based
• Solvent-based
• UV Cured

During 2016, the water-based chemical indicator inks segment accounted for the major shares of this market. The low VOC content of these inks and their eco-friendly nature will contribute to the growth of this industry segment in the coming years. Additionally, the ability to apply these water-based chemical indicator inks to a wide range of substrate surfaces due to their superior product properties such as enhanced color and gloss will also drive the growth of this segment.

Segmentation by printing process and analysis of the chemical indicator inks market

• Screen
• Flexographic
• Rotogravure

According to this market research report, the flexographic printing segment held the maximum shares of the chemical indicator inks market during 2016. This technique is commonly used due the ease of handling and printing on a variety of substrates such as paper and cardboard. Moreover, the cost-effectiveness of this process will also fuel its demand.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chemical indicator inks market?
• What are the key market trends impacting the growth of the global chemical indicator inks market?
• What are the challenges to market growth?
• Who are the key vendors in the global chemical indicator inks market?
• What are the market opportunities and threats faced by the vendors in the global chemical indicator inks market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global chemical indicator inks market?

Technavio also offers customization on reports based on specific client requirement.

Chemical indicators are used in the sterilization monitoring process and chemical indicator inks are primarily used in the manufacturing of chemical indicators. It provides a visual indication through a change in color of the ink. This upcoming industry research report on the global chemical indicator inks market offers insights into the key market trends and developing drivers influencing the growth of the chemicals and materials industry. Our market research reports for the chemicals and materials industry follow a comprehensive data collection methodology and offer an analysis of fast growing market segments like paints, coatings, and pigments.

Additionally, by executing a widespread research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the paints, coatings and pigments sector, the upcoming market research report on the global chemical indicator inks market offers insights into the key market trends and eminent challenges that will influence the growth of the key suppliers in this market space. This market study also offers a complete analysis of various paints, coatings, and pigments products and services based on the interpretation of the data collected from specific resources such as channel partners and market stakeholders. This upcoming market research report on the global chemical indicator inks market also covers vendors like Steritec Products Inc., Riken Chemical Co., Ltd., North American Science Associates Inc., and 3M.

This market research report on the global chemical indicator inks market also takes into account the growth of related markets like electrocoating, which is anticipated to grow at a CAGR of above 5% by 2021. Additionally, to offer clients the scope to identify potential market prospects and expand in niche markets, this report on the global automotive racing seat market also covers geographies like the Europe, North America, APAC, and ROW.

The upcoming industry report on the global chemical indicator inks market also offers insights into fast-growing segments within the paints, coatings, and pigments industry, including sectors like metals and minerals and specialty chemicals. Additionally, the market research report also presents insights into the changing competitive landscape and gives clients an accurate picture of the future direction of the industry.

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