Global Chemical Indicator Inks Market: Snapshot

The global market for chemical indicator inks, the inks that are utilized in the production of a variety of chemical indicators, has witnessed vast developments in terms of manufacturing technologies, available products, and the potency of these inks in terms of reliable sterilization of the target object. The market has gained traction owing to rising demand in the healthcare industry across developed as well as developing economies. With a vast rise in infectious diseases and nosocomial diseases, the healthcare industry has been focusing more on the proper sterilization of supplies, medical equipment, and surgical instruments that are often reused and are in surgeries and direct patient care.

According to the report, the global chemical indicator inks will exhibit an impressive 8.4% CAGR over the period between 2014 and 2020, rising from a valuation of US$30.2 mn in 2013 to a revenue opportunity of US$53.1 mn by 2020.

Water-based Inks to Remain Leading Product Variety

Of the key product varieties in the global chemical indicator inks market, including water-based inks, UV-cured inks, and solvent-based inks, the segment of water-based inks accounted for the dominant share of nearly 50% of the overall market in 2013 and continues to lead in terms of growth pace. Water-based chemical indicator inks are likely to remain highly popular over the forecast period and their market is expected to surge at a 7.7% CAGR from 2014 to 2020. This can be attributed to the vast usage of water-based chemical indicator inks across a number of applications that require lower emission quotient of volatile organic compounds.

Based on the key applications of chemical indicator inks, the segment of tapes accounted for the dominant share of over 25% in the overall market in 2013. The segment is also likely to remain one of the leading consumers of chemical indicator inks over the forecast period. The use of these inks is also expected to rise at a promising pace in applications such as pouches, labels, and tags in the next few years. Factors such as immediate understanding about the achievement of sterilization and ease of usage are likely to help the tapes application segment lead in the global chemical indicator inks market.

North America Market Continues to Account for Dominant Share in Global Market

Geographically, the global market for chemical indicator inks has been analyzed for regions such as Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Of these, the market in North America accounts for the dominant share in the overall market and continues its bullish run owing to the rising demand for chemical indicators in the field of medical sterilization.

The market in Asia Pacific is a lucrative one and is likely to expand at an impressive pace over the report’s forecast period. Factors such as the increased awareness regarding hospital-acquired infections, vast rise in the need for reliable sterilization methods in the food and beverages industry, and the entry of several China-based companies with economical products will work in favor of the Asia Pacific market. The market in Middle East and Africa and Latin America is also expected to present promising growth opportunities owing to a notable rise in application areas of chemical indicator inks in these regions.

Some of the leading companies operating in the global chemical indicator inks market are Tempil (LA-Co Industries), ETIGAM Bv, STERIS Corporation, 3M, NiGK Corporation, Propper Manufacturing Co. Inc., Terragene SA, SteriTec Products Inc., and Crosstex.

 
This report analyzes and forecasts the market for chemical indicator inks at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Thousand) from 2014 to 2020. The study includes drivers and restraints of the global chemical indicator inks market. It also covers the impact of these drivers and restraints on demand for chemical indicator inks during the forecast period. The report also highlights opportunities in the chemical indicator inks market globally and regionally. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global chemical indicator inks market. Porter’s Five Forces model for the chemical indicator inks market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.
 
The study provides a decisive view of the global chemical indicator inks market by segmenting it in terms of sterilization process, product, printing process, and application. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, and Rest of the World (including Latin America, the Middle East & Africa). The report also covers demand for individual sterilization process, product, printing process, and applications segments in all the regions.
 
The study includes profiles of major companies operating in the global chemical indicator inks market. Key players profiled in the report 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. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
 
The report provides market size of chemical indicator inks for 2013 and forecast for the next six years. The global market size of chemical indicator inks is provided in terms of both volume as well as revenue. Market volume is defined in Tons, while market revenue is in US$ Thousand. Market numbers are estimated based on key segments such as sterilization process, product, printing process, and applications segments of chemical indicator inks. Market size and forecast for each of these segments is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
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
.