North American Market Statistics
North American in digital fabrication inkjet inks market is set to account for more than 39% revenue share by the end of 2036. Moreover, the digital fabrication inkjet ink industry will increase immensely from 2023 to 2036 and will reach around USD 1.8 billion.
This growth will be noticed mainly due to the rising research and development in 3D printing technology. As per the National Library of Medicine published in June 2023, the uses of 3D printing technology have increased exponentially in recent times due to the promise of new materials in North America. In fact, the U.S. 3D printing is expanding enormously.
The digital fabrication inkjet inks market has expanded in the U.S. as a result of an increasing inclination towards customizable gifts in this country. According to the November 2023 Survey, around 80% of buyers in the U.S. think that presents with personalization are more considerate than those without and these customized gifts require digital fabrication inkjet inks.
The Canadian digital fabrication inkjet ink sector will grow mainly due to the rising demand for flexible and high-quality printing solutions. For instance, Vera Inkjet, a Montreal, Canada-based digital inkjet printing inks and dispersions company launched its new line of inks specially curated for the R2R textile industry in the year 2023.
APAC Market Analysis
The Asia Pacific region will encounter massive growth in the sector of the digital fabrication inkjet inks market during the anticipated period.
The powerful economic expansion in the countries of Asia Pacific such as South Korea, China, etc. will drive the market expansion of the digital fabrication inkjet inks. According to the World Bank (2023), excluding China, the growth rate in developing East Asia and the Pacific increased to 4.6 % this year from 4.4 % in 2023.
Digital fabrication inkjet inks are especially in actual demand in China, driven by the rising demand for digital printing. In the past 10 years i.e. 2014–2024, the average print run of published books has become 18,000; 3,000 volumes in China.
In Japan, digital fabrication inkjet inks market will encounter massive growth because of the presence of the important key players in this region. In order to illustrate, FujiFilm Sericol International, a Japan-based company has displayed its different technologies ranging from analog to digital; toner to inkjet; and printheads, inks, and software in March 2024.
South Korea’s huge expansion in the textile industry will help to grow the digital fabrication inkjet ink sector in this country. In South Korea, the textile sector was essential to the early industrialization of the nation. As of right now, growth has been consistent, and in 2021, exports reached USD 14.32 billion.
Author Credits: Rajrani Baghel
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