Digital printing technology has witnessed an increasing demand from multiple industries since the past few years. With a paradigm shift in consumer preference from global printing toners market inks to toners, the market is likely to gain increased impetus during 2014-2020, states a new report published by Transparency Market Research (TMR), titled “Printing Toners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020”.
The report covers the demand for printing toners exhibited by regional markets including Asia Pacific, Europe, North America, and Rest of the World. It presents a comprehensive overview of the market, interspersed with relevant statistics and exhaustive information relevant to the market’s growth trajectory and prevailing dynamics.
Based on an in-depth survey conducted, the report pegs the value of the global printing toners market at US$2.91 bn in 2013. Rising at a positive CAGR of 5.8% between 2014 and 2020, the market is likely to reach US$4.33 bn by the end of 2020. In terms of volume, the demand witnessed by the printing toners market globally stood at 216.0 kilo tons in 2013. Although the market exhibits positive growth potential, stringent regulations implanted to curb the adverse environmental impacts of toners may inhibit its growth in forthcoming years.
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The demand for conventional toners is witnessed to be high in the market. The product segment accounted for over 70% of the market in 2013. Due to such robust demand for printing toners, most manufacturers are now producing printers that are compatible with toners, particularly those prepared via the conventional method. Since chemically prepared toners offer better quality and performance, they are likely to surpass their conventional counterpart during the report’s forecast period. However, the producers need to focus on developing more economical printers that are compatible with chemically prepared to toners, to capitalize on the future opportunities.
In terms of raw materials used, polyester resin-based toners dominated the printing toners market in 2013. The segment accounted for over 95% of the market based on revenue as well as volume in the year. Additionally, the polyester-resin-based toners’ segment is likely to grow at the fastest pace during the forecast period. Another recent trend in the market has been the increasing demand for aesthetic appeal, which coupled with declining prices of color printed devices, is boosting the demand for color printing toners. This segment is likely to exhibit a CAGR of 3.5% between 2014 and 2020.
Regionally, North America and Europe held the largest share in the global printing toners market in 2013. The regions are likely to maintain their dominance through the report’s forecast period. Asia Pacific and Rest of the World are also likely to emerge as lucrative regional markets for printing toners. The printing toners market in Asia Pacific is expected to reach US$1,165.1 mn by 2020.
The global market for printing toner is highly fragmented due to the presence of many manufacturers. Xerox Corporation, Astro-Med Inc., Canon Inc., and Samsung Fine Chemicals are a few of the most renowned companies operating in the market.
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.
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