Digital printing is a major part of the contemporary printing industry. Printing toners, composed of colored microparticles, are an indispensable part of modern laser printers. The microparticles are used to make roughly 12 mn color variants. Toners allow alterations in the digital images. The folding carton printing industry and the labeling industry have been the primary users of printing toners. The rapid development of the global printing industry is expected to boost the demand for various printing toners in the near future. Blends such as polyesters and specialty polymers are expected to register an above-average growth in the years to come.
In 2013 Conventional Toners Segment Accounted for 70% of Global Printing Toners Market
The global printing toners market is segmented on the basis of production technology, raw material, application, and region. By production technology, the global printing toners market is classified into chemically prepared toners and conventional toners. In 2013, the conventional toners segment accounted for a dominant share of 70% in the global printing toners market. Conventional toners are prepared by the procedure of grinding and extrusion of a resin mixture into small pieces. Chemically prepared printing toners offer superior printing capacities and thus this segment is expected to grow rapidly in the years to come. By raw material, the global printing toners market is classified into polyesters, styrene-acrylic, and others. In 2013, styrene-acrylic and polyester segments collectively accounted for over 95% of the global printing toners market.
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Monochrome printing and color printing are two of the popular applications of printing toners. By 2020, the color printing segment is expected to hold the largest volume share of 51% in the global printing toners market. Going forward, a shift in consumer preference from ink to toners is expected owing to low prices and less wastage from the use of laser printers. The increasing commercial applications of printing toners are expected to propel the global printing toners market in the near future. However, the harmful environmental effects related to the use of printing toners are expected to hamper the growth of the global market in the near future.
Europe and North America Accounted for 65% in 2013
By region, the global printing toners market is divided into North America, Europe, Asia Pacific, and Rest of the World. In 2013, Europe and North America together accounted for a dominant share of 65% in the global printing toners market. Canon Inc., Astro-Med Inc., Samsung Fine Chemicals, and Xerox Corporation are among the leading players operating in the global printing toners market.
Large-scale printing of banners, user manuals, catalogs, brochures, bookmarks, and other essential materials require extensive use of different kinds of printing toners. Going forward, bio-based printing toners are expected to help minimize the use of fossil fuels, which are otherwise a key component of the printing toner manufacturing process. This is expected to create new growth opportunities in the global printing toners market.
With many new printing toners expected to be introduced by leading players, the global printing toners market is on course to registering new growth opportunities in the coming years. The growth of digital printing in packaging applications is expected to immensely benefit the global market for printing toners.