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Global Security Ink Market Size Was 621.84 Million USD In 2017
Monday, 22 Jun, 2020
Security ink, also called Anti-counterfeit printing ink, is one of the most important parts of anti-counterfeit technology. It is one of the special printing inks after a series of special processing. Security ink is widely used in banknote, official identity documents, postage stamps, tax banderoles, security labels and product markings. 

Security inks have various functions. Some security inks can show special colors, be invisible or not under specific conditions such as ultraviolet ray irradiation, infrared irradiation, sunlight irradiation, specific temperature and humidity.

Security inks can be applied in various printing solutions like intaglio printing, silkscreen printing, letterpress printing and offset printing.

The global security ink materials production market was about 1305.1 MT valued at 621.84 Million USD in 2017. Forecasts suggest the production market to grow at a CAGR of 4.76% from 2017 to 2024, driven primarily by Europe, USA and China and Japan. Overall, the security ink products performance is positive with the global economic recovery.

The technical barriers of security ink are not high, resulting in numerous manufacturing enterprises. In security ink materials market, there are some relatively larger companies across the globe, such as SICPA, Sun Chemical, Microtrace, CTI, Gleitsmann Security Inks, Kao Collins, Cronite, Villiger, Gans, Kodak, Godo and Shojudo etc. Their plants mainly distribute in Europe, USA, China and Japan. 

Security ink materials are primarily used for banknotes, official identity documents, tax banderoles and security labels fields. With increasing of global population and economy, the demands for downstream keep high growth. With the improvement of people’s security awareness, the product structure has been changed in these years and security ink is expected to continue increasing during the remaining years of the forecast period of 2018-2024. Security ink industry will usher in a stable growth space. 

In the past few years, the price of security ink has slightly decreased and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of security ink. The gross margin will show decreasing in future.