Screen Printing Inks Market Share

APAC Market Forecast

Screen printing inks market in Asia Pacific is predicted to account for the largest share of 46% by 2037 impelled by the rising urbanization. Since China and India have adopted a mixed economy, they are being swiftly overtaken by urbanization and in 2021, over 63% of Chinese people and more than 35% of Indian people, respectively, lived in urban regions.

Moreover, urbanization provides a larger market and better commercial opportunities, which opened new doors for trade and commerce as a result of which more and more businesses are entering the retail industry. This is expected to significantly drive the demand for screen printing inks in the region as it is simple to use and can be used in most clothing in the retail industry. According to estimates, more than 42% of the population will live in urban areas by the middle of the year in 2035.

North American Market Statistics

The North America screen printing inks market is estimated to be the second largest, during the forecast timeframe led by growing trend of DIY (Do It Yourself) culture. The DIY culture in the United States has grown overtime compared to other regions of the world. As a result, the region may witness a huge demand for screen printing inks since it is an age-old art form of screen printing, which can bring images to life on varied surfaces, and is safe to use for projects both at home and in classrooms. According to a survey conducted in 2021 it was found that over 75% of American homeowners said they had finished at least one do-it-yourself home renovation project in the previous year.