Thursday, 30 July 2015

Chemical Indicator Inks Market is Expected to Reach US$ 53.1 Mn by 2020 : Transparency Market Research

Chemical Indicator Inks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Transparency Market Research has released a new market report titled “Chemical Indicator Inks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” According to the report, the global chemical indicator inks market was valued at US$ 30.2 Mn in 2013 and is projected to reach US$ 53.1 Mn by 2020, expanding at a CAGR of 8.4% between 2014 and 2020.
Browse the full Chemical Indicator Inks  Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at : http://www.transparencymarketresearch.com/chemical-indicator-inks-market.html

Chemical indicator inks are color changing inks used primarily in chemical indicators for sterilization monitoring processes. These inks undergo a permanent color change upon exposure to specific sterilant and predefined temperature conditions. Change in color of the inks suggests that the sterilization process is completed and the surgical instrument is safe for usage. Rise in nosocomial infections and stringent regulations for sterilization are anticipated to drive the demand for chemical indicators. This, in turn, would lead to sustainable growth for chemical indicator inks during the forecast period. 
Steam was the largest sterilization segment of the chemical indicator inks market in 2013 and accounted for the largest share of the total market in the same year. Steam sterilant does not contain any toxic content. This makes the process extremely safe for surgical instruments. This is the primary reason for high usage of steam as a sterilant in the sterilization market. Additionally, steam can be utilized with almost all surgical instruments that can bear high temperatures. In terms of growth rate, ethylene oxide is expected to be the fastest growing sterilization segment of the chemical indicator inks market during the forecast period. Prospective growth in ethylene oxide can primarily be ascribed to low temperature sterilization of medical and pharmaceutical products that cannot support conventional high temperature steam sterilization such as devices that incorporate electronic components, plastic packaging, or plastic containers.  
Water-based chemical indicator inks was the largest segment of the chemical indicator inks market with more than 50% share in 2013. It is estimated to be the fastest growing product segment of the chemical indicator inks market during the forecast period. Increase in environmental regulations regarding the emission of volatile organic compounds in developed regions coupled with rise in cost of petroleum-based solvents is likely to drive the demand for water-based chemical indicator inks in the chemical indicator inks market. Flexographic printing was the largest printing process segment in the chemical indicator inks market with over 75% share in 2013. It is projected to be the fastest growing segment during the forecast period. Ease of printing, low cost of components, and better adaptability for printing on numerous substrates is estimated to boost the demand for flexographic printing in the chemical indicator inks market in the next few years.
Tapes was the largest application segment with market share of more than 25% in 2013. It is expected to be the fastest growing segment of the chemical indicator inks during the forecast period. Tags and labels and pouches segments are also anticipated to record significantly high share in the chemical indicator inks market in the near future. Ease of application and instantaneous detection of sterilization process completion is likely to augment the demand for tapes in the chemical indicator inks market in the near future.   
Key players operating in the chemical indicator inks market include RIKEN CHEMICAL Co., Ltd., North American Science Associates Inc. (NAMSA), SteriTec Products Inc., 3M, Tempil (LA-Co Industries), NiGK Corporation, Propper Manufacturing Company, Inc., STERIS Corporation, ETIGAM bv, Terragene SA, Crosstex International Inc. (subsidiary of Cantel Medical Corporation), and gke GmbH.
The report segments the global chemical indicator inks market as follows:
Chemical Indicator Inks Market - Sterilization Process Analysis
Steam
Ethylene Oxide 
Vaporized Hydrogen Peroxide & Plasma
Formaldehyde
Others (Including Ionizing Radiation, etc.)
Chemical Indicator Inks Market - Product Analysis 
Water-based Chemical Indicator Inks
Solvent-based Chemical Indicator Inks
UV-cured Chemical Indicator Inks
Chemical Indicator Inks Market - Printing Process Analysis
Flexographic Printing
Gravure Printing
Screen Printing
Chemical Indicator Inks Market - Application Analysis
Sterile Bags
Sterile Bottles
IV & Blood Containers
Prefillable Syringes
Thermoformed Trays
Pouches
Tapes
Tags and Labels
Others (Including Blister Packs, etc.)
Chemical Indicator Inks Market - Regional Analysis
North America
Europe
Asia Pacific
RoW
Latin America
Africa
The Middle East
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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