Direct Thermal Inks & Coating Market is Projected To Grow At A Significant CAGR Over A Forecast Period

Global Direct Thermal Inks & Coating Market: Introduction

Direct Thermal Inks & Coatings are applied on the labels which are used in the pharmaceutical, food & beverages, shipping & logistics, and consumer goods industry. The Direct Thermal Inks & Coating is applied on the surface of the polymer film which gets chemically activated after the application of heat through the print head of the printer. Direct Thermal Inks & Coating are used for the variety of labeling applications in the packaging industry. This type of coating is mainly applied on the high tear resistance polyester grades to ensure high quality, endurance, and response speed. The other applications of the Direct Thermal Inks & Coatings include airline bag-tags, shelf marking, event ticketing, etc. The Direct Thermal Inks & Coating film reduces the overall cost of the labeling and is economical in nature. When heated by the print head the direct thermal coated label turns black to create the image. Some of the companies present in the market provide direct thermal printer which is widely used globally for the direct thermal printing purpose. The direct thermal coated films are generally costlier than the thermal transfer label but when the cost of the thermal transfer film and ink ribbon is considered, the price of both of the films becomes similar. The thermal printed labels or films are environment-friendly because of the absence of the ink ribbons.

Global Direct Thermal Inks & Coating: Market Dynamics

The demand for Direct Thermal Inks & Coating is increasing due to the high demand for the direct thermal printed labels in the developing as well as emerging economies. Direct thermal transfer coated labels eliminate the requirement of the ink ribbons which in turn makes it an environment-friendly labeling solution. However, the demand may decrease due to some of the disadvantages of the direct thermal printed films. The disadvantages include the fading of the print if exposed to direct sunlight, material prone to marking when scuffed or rubbed, inability to be used in high-temperature applications as the label or film may turn full black in color, and limited availability of the direct thermal label materials. There are lots of opportunities available for the new entrants in the direct thermal printing market in emerging economies where the technology is still not advanced. The demand for Direct Thermal Inks & Coating is expected to increase at a high growth rate in the regions such as China, India, and Brazil. The threat in the Direct Thermal Inks & Coating market is the limited availability of the raw material.

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Global Direct Thermal Inks & Coating Market: Regional outlook

Geographically, the global Direct Thermal Inks & Coating market is segmented into seven regions, namely North America, Latin America, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Western Europe, and the Middle East and Africa (MEA). North America leads the global Direct Thermal Inks & Coating market due to high production capacity and large number of exports from the country which in turn increases the demand for direct thermal labels. Europe is the second largest region for the Direct Thermal Inks & Coating. In Europe, Germany and Italy dominate the market due to high consumption of the food and beverages in the region which requires direct thermal printed labels on their packaging. The other regions such as MEA and Latin America also offer high growth potential for the Direct Thermal Inks & Coating market in the next few years. Japan has witnessed noticeable penetration of these coatings due to high technological advancements in the region.

Global Direct Thermal Inks & Coating Market: Key players

Some of the players in the global direct thermal inks & coating market are Flint Group, Siegwerk Druckfarben AG & Co. KGaA, ALTANA Coatings, Interactive Inks & Coatings, and Sun Chemical Corporation.

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