The global washable
markers market is forecast to reach USD 561.3 Million by 2026,
according to a new report by Reports and Data. The market is rising rapidly as
the demand for the non-toxic markers are substantially propelling coupled with
the rising growth of children usage applications as these inks are made of
chemical compounds such as cyclic alkylene carbonates and some of the
food-grade vegetable dyes which are completely non-toxic. The market is highly
driven by the educational sectors as the washable markers are now mostly
preferred by the educational institutes over the conventional chalks due to
water-based solution and being non-dusty, unlike the chalks. Also, being
washable, the ink can be easily washed off and reused with ease. Office usage
includes the whiteboards, noticeboards, projection white paper use, and others.
The self-vanishing type of markers are largely propelling the market, being
highly attracted by the kids.
The North America region is
forecasted to generate the highest revenue of USD 229.6 Million in the year
2026, as most of the educational institutes in the United States and Canada
prefer using these kind of markers.
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| Washable Markers Market |
- Educational sectors such as schools, colleges,
universities, coaching centers, and other educational institutes use the
washable markers as these are quite convenient for writing and erasing
repeatedly. Being water-based these don't carry any dust like the
traditional chalks and are highly preferred by the teachers. Educational
sectors had the market revenue of USD 182.3 Million in 2018.
- Others include the use of washable markers on the
clapperboards by the moviemakers in the shooting spot or any temporary
usage on the noticeboards or dashboards. This segment had a market share
of 3.4% in 2018.
- Self-vanishing markers are made by dissolving a small
amount of thymolphthalein in the ethyl alcohol solution followed by the
dilution with water and the final addition of the sodium hydroxide
solution. Thymolphthalein is an acid-based dye, and below the pH level of
9.3–10.5 it becomes colorless, and above this range it becomes blue. This
type of markers attracts the children and is an active contributor in this
market. The segment is forecasted to gain a market share of 19.9% by 2026.
- The scented segment consists of the odorized markers
which provide with sweet smells of various fruits or floral fragrances.
The kids are attracted by this type of marker and would add to the market
growth significantly with a market share of 14.7% by 2026.
- APAC, due to the high growth of the educational
institutes, is helping the market grow with the fastest CAGR of 4.8%
throughout the forecast period. China and India are some of the most
valuable contributors in this region.
- North America is accounted to sustain its domination
in the market with the highest share of 40.9% by 2026, with a CAGR of 3.6%
in the forecast period.
- Europe is forecasted to witness a significant growth
in the overall market, with 24.5% of market possession by 2026 and CAGR of
2.9% during the forecast period.
- Key participants include Crayola, Faber – Castell,
Liqui-Mark Corporation, Luxor Writing Instruments Pvt. Ltd., Dri Mark
Products Inc., F.I.L.A. Group, STABILO International GmbH, Kokuyo Camlin
Ltd., Carioca S.p.a., and Newell Brands.
To identify the key trends in the industry, click on the link
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