The global security ink market size was 621.84 million USD in 2017 and it will be 841.54 million USD in 2024, with a Growth Rate 4.42% from 2017 to 2024. The market is driven by various end-user industries, such as Banknotes, Official Identity Documents, Tax Banderoles and Security Labels etc.
The industry is concentration, the key brand include SICPA, Sun Chemical, Microtrace, CTI, Gleitsmann Security Inks, Kao Collins, Cronite, Villiger, Gans, Kodak, Godo, Shojudo, ANY, Mingbo, Pingwei, Letong Ink, Jinpin and Wanchengand so on. Among them, SICPA and Sun Chemical are the leaders.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Security Ink Market Research Report 2017 report released by QYResearch provides a basic overview of the Security Ink industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Security Ink industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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