The Global Industrial Screen Printing Market Growth Is Estimated To Accelerated By Digitalization
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| Industrial Screen Printing Market |
Industrial screen printing is an industrial-scale printing process used for printing fabrics, textiles, and electronic components with the use of a knife-coated screen to apply ink on fabric. It offers benefits such as durability, flexibility, low-cost production in high volumes, resistance to water and chemicals. The expanding textile and apparel industry along with the growing electronics sector has increased the demand for screen printing.
The global industrial screen printing market is estimated to be valued at US$ 7.87 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the industrial screen printing market is accelerated by the increasing adoption of digitalization. Digital screen printing involves the use of digital imaging technology such as digital printers instead of the traditional screen-making process. It provides benefits such as quick turnaround times, high production speeds, and low costs for short-run and seasonal print jobs compared to traditional screen printing. The digital technology also allows for customized and personalized printing on demand for various end-use industries such as textiles and electronics which is fueling the demand for digital screen printing.
Segment Analysis
The global industrial screen printing market is dominated by the consumables sub-segment. This is due to the recurring demand for curing solvents, screen printing inks, screen printing paste, thinners and others. These consumables need replenishment periodically thus driving the sales revenue in this sub-segment.
Key Takeaways
The Global Industrial Screen Printing Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. This can be attributed to rising demand from various end-use industries like textile, electronics, etc. The global industrial screen printing market is estimated to be valued at US$ 7.87 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030.
Regional analysis shows that Asia Pacific region is presently dominating as well as fastest growing regional market for industrial screen printing. Countries like China, Japan and India have strong manufacturing sectors for textiles, electronics, automotive etc thus driving the market growth. Increasing industrialization and urbanization are also supporting market expansion.
Key players operating in the industrial screen printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. These players are focusing on new product launches and upgrading their existing product portfolios. They are also targeting emerging countries through partnerships and joint ventures to strengthen their geographic presence.
Explore more information on this topic, Please visit-
https://www.marketwebjournal.com/industrial-screen-printing-market-growth-and-trnds-analysis-share-size-demand-forecast/

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