Market Overview:
The global photochromic ink market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. Photochromic inks are used for printing security documents, such as banknotes, passports, and other identification cards. These inks are also used for printing labels and tax banderoles. The growth of the global photochromic ink market can be attributed to the increasing demand for security documents and labels worldwide. In addition, the growing awareness about counterfeit products is also fueling the demand for photochromic inks globally. The global photochromic ink market can be segmented on the basis of type into UV fluorescent inks, thermochromatic inks, optically variable inks, humidity sensitive inks, infrared fluorescent inks, pressure sensitive inks and others. The UV fluorescent ink segment is expected to hold a major share of the global photochromic ink market during the forecast period owing to its high visibility under ultraviolet light conditions.
Product Definition:
Photochromic Ink is an ink that changes color when exposed to sunlight. It is used in sunglasses and other eyewear to help protect the wearer's eyes from UV radiation.
UV Fluorescent Inks:
UV fluorescent inks are a new type of ink that fluoresces under ultra-violet light. The product is being used for printing onto plastics, metals and glasses. It can be used as an alternative to the traditional dyes and pigments in various applications such as packaging, textiles, stationery & office products and consumer goods among others.
Thermochromatic Inks:
Thermochromatic inks are pigments that undergo a change in temperature and change their color. They are used to create reversible coloration on paper, plastics, or other substrates. These thermoplastics have applications ranging from currency notes to building materials such as insulation panels and architectural sheets.
Application Insights:
The photochromic inks application market is segmented into banknotes, official identity documents, tax banners, security labels and others. The other applications include product packaging and promotional materials. Banknotes are the most widely used product for changing color and form. They are widely used in cash dispensing machines as well as cheque printers for printing money bills or cheques.
The popularity of these products is increasing with time owing to their utility in various applications including currency notes, passports & visas (identity cards), driver licenses & ID cards (official identity documents), safety seals & stamps (mailing address) etcetera across all industry verticals globally which includes government agencies/departments/offices, financial institutions/banking chains and private companies on a commercial level among others.
Regional Analysis:
Europe was the largest market for photochromic inks, accounting for more than 35% of global revenue in 2016. The European Commission has approved utilization of the product for security purposes. It is used to mark banknotes and other official identity documents to prevent counterfeiting. In addition, it finds application in various industrial applications such as security labels and tax bandersoles that require variable-use inkjet printing technology.
Growth Factors:
- Increasing demand for photochromic inks from the automotive and transportation industry for window tints, sunroofs, and headlights.
- Growing demand for photochromic inks from the architectural and construction industry for glass windows, skylights, and building facades.
- Rising popularity of photochromic sunglasses among consumers due to their convenience and functionality.
- Increasing use of photochromic inks by medical device manufacturers for diagnostic products such as blood pressure monitors and pulse oximeters.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photochromic Ink Market Research Report
By Type
UV Fluorescent Inks, Thermochromatic Inks, Optically Variable Inks, Humidity Sensitive Inks, Infrared Fluorescent Inks, Pressure Sensitive Inks, Others
By Application
Banknotes, Official Identity Documents, Tax Banderoles, Security Labels
By Companies
SICPA, Sun Chemical, Microtrace, CTI, Gleitsmann Security Inks, Collins, Cronite, Villiger, Gans, Kodak, Godo, Shojudo, Mingbo, Pingwei, Letong Ink, Jinpin, Wancheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Photochromic Ink Market Report Segments:
The global Photochromic Ink market is segmented on the basis of:
Types
UV Fluorescent Inks, Thermochromatic Inks, Optically Variable Inks, Humidity Sensitive Inks, Infrared Fluorescent Inks, Pressure Sensitive Inks, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banknotes, Official Identity Documents, Tax Banderoles, Security Labels
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SICPA
- Sun Chemical
- Microtrace
- CTI
- Gleitsmann Security Inks
- Collins
- Cronite
- Villiger
- Gans
- Kodak
- Godo
- Shojudo
- Mingbo
- Pingwei
- Letong Ink
- Jinpin
- Wancheng
Highlights of The Photochromic Ink Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- UV Fluorescent Inks
- Thermochromatic Inks
- Optically Variable Inks
- Humidity Sensitive Inks
- Infrared Fluorescent Inks
- Pressure Sensitive Inks
- Others
- By Application:
- Banknotes
- Official Identity Documents
- Tax Banderoles
- Security Labels
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photochromic Ink Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photochromic ink is a type of ink that changes color when exposed to light. This allows the ink to be used for printing documents or images that can be viewed in different colors under different lighting conditions.
Some of the key players operating in the photochromic ink market are SICPA, Sun Chemical, Microtrace, CTI, Gleitsmann Security Inks, Collins, Cronite, Villiger, Gans, Kodak, Godo, Shojudo, Mingbo, Pingwei, Letong Ink, Jinpin, Wancheng.
The photochromic ink market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photochromic Ink Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photochromic Ink Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photochromic Ink Market - Supply Chain
4.5. Global Photochromic Ink Market Forecast
4.5.1. Photochromic Ink Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photochromic Ink Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photochromic Ink Market Absolute $ Opportunity
5. Global Photochromic Ink Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photochromic Ink Market Size and Volume Forecast by Type
5.3.1. UV Fluorescent Inks
5.3.2. Thermochromatic Inks
5.3.3. Optically Variable Inks
5.3.4. Humidity Sensitive Inks
5.3.5. Infrared Fluorescent Inks
5.3.6. Pressure Sensitive Inks
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photochromic Ink Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photochromic Ink Market Size and Volume Forecast by Application
6.3.1. Banknotes
6.3.2. Official Identity Documents
6.3.3. Tax Banderoles
6.3.4. Security Labels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photochromic Ink Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photochromic Ink Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photochromic Ink Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photochromic Ink Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photochromic Ink Demand Share Forecast, 2019-2026
9. North America Photochromic Ink Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photochromic Ink Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photochromic Ink Market Size and Volume Forecast by Application
9.4.1. Banknotes
9.4.2. Official Identity Documents
9.4.3. Tax Banderoles
9.4.4. Security Labels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photochromic Ink Market Size and Volume Forecast by Type
9.7.1. UV Fluorescent Inks
9.7.2. Thermochromatic Inks
9.7.3. Optically Variable Inks
9.7.4. Humidity Sensitive Inks
9.7.5. Infrared Fluorescent Inks
9.7.6. Pressure Sensitive Inks
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photochromic Ink Demand Share Forecast, 2019-2026
10. Latin America Photochromic Ink Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photochromic Ink Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photochromic Ink Market Size and Volume Forecast by Application
10.4.1. Banknotes
10.4.2. Official Identity Documents
10.4.3. Tax Banderoles
10.4.4. Security Labels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photochromic Ink Market Size and Volume Forecast by Type
10.7.1. UV Fluorescent Inks
10.7.2. Thermochromatic Inks
10.7.3. Optically Variable Inks
10.7.4. Humidity Sensitive Inks
10.7.5. Infrared Fluorescent Inks
10.7.6. Pressure Sensitive Inks
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photochromic Ink Demand Share Forecast, 2019-2026
11. Europe Photochromic Ink Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photochromic Ink Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photochromic Ink Market Size and Volume Forecast by Application
11.4.1. Banknotes
11.4.2. Official Identity Documents
11.4.3. Tax Banderoles
11.4.4. Security Labels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photochromic Ink Market Size and Volume Forecast by Type
11.7.1. UV Fluorescent Inks
11.7.2. Thermochromatic Inks
11.7.3. Optically Variable Inks
11.7.4. Humiity Sensitive Inks
11.7.5. Infrared Fluorescent Inks
11.7.6. Pressure Sensitive Inks
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photochromic Ink Demand Share, 2019-2026
12. Asia Pacific Photochromic Ink Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photochromic Ink Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photochromic Ink Market Size and Volume Forecast by Application
12.4.1. Banknotes
12.4.2. Official Identity Documents
12.4.3. Tax Banderoles
12.4.4. Security Labels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photochromic Ink Market Size and Volume Forecast by Type
12.7.1. UV Fluorescent Inks
12.7.2. Thermochromatic Inks
12.7.3. Optically Variable Inks
12.7.4. Humidity Sensitive Inks
12.7.5. Infrared Fluorescent Inks
12.7.6. Pressure Sensitive Inks
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photochromic Ink Demand Share, 2019-2026
13. Middle East & Africa Photochromic Ink Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photochromic Ink Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photochromic Ink Market Size and Volume Forecast by Application
13.4.1. Banknotes
13.4.2. Official Identity Documents
13.4.3. Tax Banderoles
13.4.4. Security Labels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photochromic Ink Market Size and Volume Forecast by Type
13.7.1. UV Fluorescent Inks
13.7.2. Thermochromatic Inks
13.7.3. Optically Variable Inks
13.7.4. Humidity Sensitive Inks
13.7.5. Infrared Fluorescent Inks
13.7.6. Pressure Sensitive Inks
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photochromic Ink Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photochromic Ink Market: Market Share Analysis
14.2. Photochromic Ink Distributors and Customers
14.3. Photochromic Ink Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SICPA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sun Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Microtrace
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CTI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gleitsmann Security Inks
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Collins
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cronite
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Villiger
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gans
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kodak
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Godo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shojudo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mingbo
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pingwei
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Letong Ink
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jinpin
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Wancheng
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
