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Published Date: 2015-05-21Number of Pages: 162

Chemical Indicator Inks (Solvent-based, Water-based and UV-Cured) Market by Sterilization Process (Steam, Ethylene Oxide, Hydrogen Peroxide & Plasma, Formaldehyde and Other) and Printing Process (Flexographic Printing, Rotogravure Printing and Screen Printing) for Sterile Bags, Sterile Bottles, IV & Blood Containers, Prefillable Syringes, Thermoformed Trays, Pouches, Tapes, Tags and Labels and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


Chemical indicator inks are primarily used in the manufacture of chemical indicators. Chemical indicators are usually used in the sterilization monitoring process. These provide a visual indication through change in color of the ink on exposure to certain sterilants and specific conditions. Sterilization is one of the most important processes carried out in the healthcare industry. Appropriate sterilization of surgical instruments, supplies, and equipment used in direct patient care and surgery is a critical aspect of the modern health care delivery system, as it directly impacts patient safety. Chemical indicators are one of the primary products that are used to check the efficacy of the sterilization process, thereby assessing the level of sterilization and assuring successful sterilization of various instruments and devices. Inks used in chemical indicators change color when exposed to specified conditions of sterilization that are generally irreversible. Change in color guarantees effective completion of sterilization. 

Steam sterilization, which is extensively used in medical sterilization, was the largest sterilization process segment of the global chemical indicator inks market, accounting for more than 40% share in 2013. Ethylene oxide is expected to be the fastest growing sterilization process segment of the chemical indicator inks market in the next few years. Rapid growth in low temperature sterilization coupled with substantially high microbial disinfection through ethylene oxide can be mainly attributed to the fastest growth of this segment in the chemical indicator inks market. 

In terms of product segments, water-based chemical indicator inks was the largest segment of the chemical indicator inks market with over 50% share in 2013. The segment is anticipated to be the fastest growing product segment of the chemical indicator inks market, expanding at a CAGR of 7.7% between 2014 and 2020. Extensive usage of water-based ink formulation in chemical indicators is leading to lower emission of volatile organic compounds. This is estimated to drive the global chemical indicator inks market during the forecast period. Under the printing processes, flexographic printing segment was the largest printing segment in the chemical indicator inks market with share of over 75% in 2013. Flexographic printing is projected to be the fastest growing segment during the forecast period. Ease of printing, low cost of components, and better adaptability of printing on numerous substrates are likely to boost the demand for flexographic printing in next few years in the chemical indicator inks market.

In terms of application segments, tapes was the largest application segment with market share of more than 25% in 2013and is expected to be the fastest growing segment over the forecast period. Tags and labels and pouches are also anticipated to have significantly high share in the chemical indicator inks market in the next few years. Ease of usage and immediate identification of completion of sterilization is estimated to boost the demand for tapes in the chemical indicator inks market in the near future. 

In terms of regions, the global chemical indicator inks market has been bifurcated into North America, Europe, Asia Pacific, and Rest of the World (the Middle East, Latin America & Africa). North America was the largest regional market for chemical indicator inks, constituting over 35% share in 2013. Increasing demand for chemical indicators in medical sterilization is projected to drive the chemical indicator inks market in North America in the next few years. Furthermore, Asia Pacific is likely to be the fastest growing region in the global chemical indicator inks market during the forecast period. Rising awareness about hospital-associated infections, increasing need for effective sterilization monitoring techniques, and entry of China-based manufacturers with economical chemical indicators are expected to drive the chemical indicator inks market in Asia Pacific in the next few years. The chemical indicator inks market in North America is anticipated to expand at a steady rate over the next six years, due to the slow but steady recovery of the economy in the U.S. The chemical indicator inks market in RoW is also estimated to grow at moderate pace in the next few years, owing to rising demand for chemical indicator inks in the Middle East and Latin America. 

Increasing demand for sterilization monitoring and rising awareness about hospital-related infections is anticipated to drive the global chemical indicator inks market in the next few years. Emergence of bio-based chemical indicator inks and increased usage of chemical indicator inks in sterilization of food and beverages is projected to act as opportunities for the chemical indicator inks market in the next six years. However, the low shelf life of inks coupled with problems associated with ink formulation and printing process is likely to hamper market growth. Major manufacturers of chemical indicator inks include Tempil (LA-Co Industries), North American Science Associates Inc. (NAMSA), 3M, Terragene SA, STERIS Corporation, RIKEN CHEMICAL Co., Ltd., Propper Manufacturing Co. Inc., SteriTec Products Inc., ETIGAM Bv, NiGK Corporation, gke GmbH, and Crosstex (subsidiary of Cantel Medical Corporation).

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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


 
 
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