Andhra Pradesh Journal

Press Release

Chemical Indicator Inks Market Share to exceed 7% CAGR by 2024

February 08
11:09 2017

The global Chemical Indicator Inks industry is primarily driven by increasing demand for sterilization monitoring in the sterilization market, especially in the health care industry.
Chemical Indicator Inks Market Share By Sterilization Process (Steam, Ethylene Oxide, Vaporized Hydrogen & Plasma, Formaldehyde), By Printing Process (Flexographic, Rotogravure, Screen), By Product (Solvent-based, Water-based, UV-Cured), By Application (Sterile Bags, Sterile Bottles, IV & Blood Containers, Prefillable Syringes, Thermoformed Trays, Pouches, Tags & Labels, Tapes), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2016 – 2024.

Global Chemical Indicator Inks Market is primarily driven by robust product demand in surgical instrument market. Sterilization processes are predominantly used in surgical instruments, as they remain in direct contact with the patient during the surgical procedure.

As per Global Market Insights Inc., “Chemical Indicator Inks Market size worth USD 35 million in 2015, is anticipated to reach USD 78.30 million mark by 2024, growing at a CAGR of 7% over the period of 2016-2024.” 

In addition to this, advanced sterilization processes such as vaporized hydrogen & plasma, steam, ethylene oxide, and formaldehyde are predicted to further stimulate the industry growth over the coming years. The global surgical instrument industry produced a revenue over USD 5.5 billion in 2015 and is expected to boost chemical indicator inks industry growth significantly.

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Sterilization processes have a great significance in surgical equipment industry and is classified into steam, formaldehyde, vaporized hydrogen & plasma, and ethylene oxide process. Steam sterilization process produced revenue of USD 15 million in 2015 and is mostly preferred in medical sterilization application as it is nontoxic, sporicidal, microbicidal, heats quickly, and penetrates fabrics.

Ethylene oxide sterilization process is anticipated to record a CAGR of 8% over the period of 2016-2024 owing to its use in pharmaceutical & medical products sterilization as well as its use in low temperature applications. Formaldehyde sterilization process is projected to record a CAGR of 7% over the forecast timeframe, owing to its use as a disinfectant for deactivating microorganisms through alkylation.

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Global chemical indicator inks market is primarily driven by its applications in thermoformed trays, sterile bags, tapes, sterile bottles, IV & blood containers, pouches, refillable syringes, and tags & labels. They are also used in canned foods like fish & meat to provide information about the sterilization process completion and thus avoid excessive overheating of foods resulting in retention of food nutrients. Chemical indicator inks demand in Sterile bags applications was over USD 3.5 million in 2015 and is predicted to increase over the forecast period.

Water-based chemical indicator inks market is predicted to witness highest gains at 8% over the forecast period owing to strict government norms favoring solvents such as water due to their ecofriendly features.

North America chemical indicator inks market worth USD 13 million in 2015, is predicted to witness a significant growth over the forecast timeline due to growing geriatric population leading to heavy product demand for sterilization monitoring in the healthcare industry. U.S. market worth size worth USD 13 million in 2015, is predicted to contribute significantly towards the regional growth over the forecast timeline. Europe chemical indicator inks market is predicted to record a CAGR of 8% over the period of 2016-2024 due to rising ecological concerns due to VOC emissions.

Browse key industry insights spread across 150 pages with 269 market data tables & 16 figures & charts from the report, “Chemical Indicator Inks Market Size By Sterilization Process (Steam, Ethylene Oxide, Vaporized Hydrogen & Plasma, Formaldehyde), By Printing Process (Flexographic, Rotogravure, Screen), By Product (Solvent-based, Water-based, UV-Cured), By Application (Sterile Bags, Sterile Bottles, IV & Blood Containers, Prefillable Syringes, Thermoformed Trays, Pouches, Tags & Labels, Tapes), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/chemical-indicator-inks-market

Key industry players include 3M, Terragene SA, NiGK Corporation, STERIS, North American Science Association (NAMSA), Riken Chemical, Crosstex International Incorporation, and gke GmbH.

Key Insights in this Report

  • Global Chemical Indicator Inks Market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Chemical Indicator Inks Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

 

 Browse Related Report

 

  • TCD Alcohol DM Market Size by Application (UV Cure Coatings, UV Inkjet Inks), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/tcd-alcohol-dm-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Media Contact
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email: Send Email
Phone: 1-302-846-7766
Address:29L Atlantic Avenu, Suite L 105
City: Ocean View
State: Delaware
Country: United States
Website: https://www.gminsights.com/industry-analysis/chemical-indicator-inks-market

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