How is the ink market in Europe

Although a series of global issues have been mentioned in this report, European ink consumption achieved a good recovery in 2021. However, the textile digital printing market in this area is far more mature than Asia, which means that there are fewer growth opportunities, unless the momentum of near -shore produces a huge change.

So far, the discussion of the "near -shore policy" has not yet brought significant changes. During the epidemic, due to many newly established companies, WTIN witnessed the surge in sales of small printers. Under normal circumstances, amateur enthusiasts become professionals with small and sizes of garage, so they have a small impact on fabric output and ink consumption. There are many in these companies that rely on second -hand printers, and some even refurbish printers -for ink producers who want to get additional business after the closed -loop transaction expires, this will be an increasingly competitive market.

In 2021, Europe consumed about 10,745 metric tons ink. Among them, 46%are diverted ink and 40%are active ink. The coating ink received about 5%of 497 metric tons. A total of 5%of the acidity and decentralized dye ink also received a market share in 2021, although their total metric ton was slightly higher, 509 metric tons and 518 metric tons, respectively.

In 2022, the consumption of digital printing ink in Europe is expected to stagnate, with a total amount of about 10,778 metric tons. During the diverted and sublimated ink will still be the most popular. It is expected that consumption is 4,842 metric tons, a decrease of 1%from 2021. By 2022, the consumption of active ink will also drop by one percentage point to 4,259 metric tons.

Global problems are the causes of regional ink needs. Simply put, the crisis of life cost is restricting consumer disposable income. As we see in 2020, due to the epidemic, fashion has become a product that is more likely to reduce expenses.

By 2026, it is expected that Europe will achieve a 4%annual compound growth rate (CAGR) from 2021 to 2026, and the total amount of ink will reach 13,841 metric tons. By 2026, the divertal sublimation ink will become the dominant ink type, with more than 6,000 metric tons. At the same time, in the same year, the active ink will reach 5,193 metric tons, making it the second largest chemical with demand.

Italy and Turkey are still the largest ink users in Europe. Italy's fashion industry has continued to play a key role in developing the country's digital textile printing market. In Turkey, the application of ink is more diverse. Of course, fashion plays a key role, but home textiles are also promoting fabric output and ink consumption. Last year, Italy produced more than 241 million square meters of digital printing fabrics, surpassing any other country in Europe. Turkey ranks second with output exceeding 201 billion square meters. The digital textile printing market in Turkey is rising from the epidemic, and it is committed to developing new businesses with the support of the highly anticipated near -shore movement. Continuous supply chain issues and energy prices may accelerate Europe's near -shore movement in the next 18 months.

The number of domestic ink producers in Turkey is continuously expanding. For example, Lustre shows its entire series of textile digital printing ink, which is the focus of diverting and sublimating ink and decentralized inkjet water -spraying products.