Chemical Indicator Inks Market is Projected to Witness Exponential Growth by 2024
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-11
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Chemical Indicator Inks Market  is Projected to Witness Exponential Growth by 2024

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

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.

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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.

Global Chemical Indicator Inks Sterilization Process Analysis (Volume: Tons; Revenue: USD Thousand, 2013 - 2024)

  • Steam
  • Ethylene Oxide
  • Vaporized Hydrogen & Plasma
  • Formaldehyde
  • Others

Global Chemical Indicator Inks Printing Process Analysis (Volume: Tons; Revenue: USD Thousand, 2013 - 2024)

  • Flexographic
  • Rotogravure
  • Screen

Global Chemical Indicator Inks Printing Product Analysis (Volume: Tons; Revenue: USD Thousand, 2013 - 2024)

  • Solvent-based
  • Water-based
  • UV-Cured

Global Chemical Indicator Inks Printing Application Analysis (Volume: Tons; Revenue: USD Thousand, 2013 - 2024)

  • Sterile Bags
  • Sterile Bottles
  • IV & Blood Containers
  • Prefillable Syringes
  • Thermoformed Trays
  • Pouches
  • Tapes
  • Tags & Labels
  • Others

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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.

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

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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