MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION
Timely market intelligence is paramount in these uncertain times!
We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!
Abstract:
- Global Gravure Printing Market to Reach $5.5 Billion by 2027
- Amid the COVID-19 crisis,
the global market for Gravure Printing estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at a CAGR of 14.3% over the analysis period 2020-2027. LCDs, one of the segments analyzed in the report, is projected to record a 16.6% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the RFID Chips segment is readjusted to a revised 18% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $577.1 Million, While China is Forecast to Grow at 18.9% CAGR
- The Gravure Printing market in the U.S. is estimated at US$577.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 18.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.
- Sensors Segment to Record 14% CAGR
- In the global Sensors segment, USA, Canada, Japan, China and Europe will drive the 13.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$208.6 Million in the year 2020 will reach a projected size of US$495.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$825.1 Million by the year 2027, while Latin America will expand at a 15.7% CAGR through the analysis period.
-
Select Competitors (Total 36 Featured) - - ALTANA
- Dainichiseika Color & Chemicals
- Flint Group
- Fujifilm Sericol
- Huber Group
- Lawter
- Royal Dutch Printing Ink Factories Van Son
- Sakata INX
- SICPA Holding
- Siegwerk
- Sun Chemical
- T&K TOKA
- Tokyo Printing Ink
- Toyo Ink SC Holdings
- Wikoff Color
- Yansefu Inks and Coatings
- Zeller+Gmelin;