Chemical Indicator Inks Market – Identify Opportunities and Challenges 2024

Increasing need for surgical accessories among various end-use industries such as home healthcare sector, medical facilities, and hospitals is expected to fuel product demand over the next eight years.

The Global Chemical Indicator Inks Market is expected to reach USD 83.8 million by 2024, according to a new report by Grand View Research, Inc.

Environmental norms put forth by various agencies including the EU and U.S. EPA to promote sustainable energy sources as opposed to conventional sources is expected to fuel water-based ink demand particularly in North America and Europe. Rising use of inhalers and prefillable syringes in the biotechnology industry for the manufacturing of numerous drugs is expected to have a positive impact on product demand over the next eight years.

Increasing occurrences of nosocomial diseases in hospitals have led various associations to put forth stringent regulations related to sterilization of products, such as surgical bags, medical pouches, IV & blood containers, and bottles. This, in turn, will fuel chemical indicator inks demand over the forecast period.

Water-based inks are expected to witness the fastest growth at a CAGR of around 8% in terms of volume from 2016 to 2024 on account of its environment-friendly nature and stringent regulations put forth by various agencies including the U.S. EPA regarding emissions of volatile organic compounds

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Use of these products in the steam sterilization process accounted for over 40% of the overall industry in 2015. Safety and hazard-free aspects increase the adoption of this sterilization process and this, in turn, is expected to have a positive impact on the industry over the next eight years.

Top Players of Chemical Indicator Inks Market:

Key players operating in the chemical indicator inks industry include, Steritec Products Inc., North American Science Associates Inc., Riken Chemical Co., Ltd., Propper Manufacturing Company, Inc., 3M, Tempil, NiGK Corporation, ETIGAM bv, Steris Corporation, gke GmbH, Terragene , and Crosstex International Inc.

Market Segmentation of Chemical Indicator Inks Market:

The Global Chemical Indicator Inks Market segmented on the basis of Product, Sterilization Process, Printing Process, and Application.

By Product:

    Solvent-based
    Water-based
    UV cured

By Sterilization Process:

    Steam
    Ethylene Oxide
    Vaporized hydrogen & plasma
    Formaldehyde

By Process:

    Flexographic
    Rotogravure
    Screen

By Application:

    Sterile bags
    Sterile bottles
    IV & Blood Containers
    Prefillable Syringes
    Pouches
    Tapes
    Tags & labels

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