Printing Inks Market: Introduction
Transparency Market Research delivers key insights on the global printing inks market. In terms of revenue, the global printing inks market is estimated to expand at a CAGR of 5.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global printing inks market.
The global printing inks market is broadly affected by several factors including increase in usage of printing inks in various application such as packaging, publication and commercial printing, and others. Rise in global demand for packaging, and publication and commercial printing has led to significant growth in the usage of printing inks. Increase in production and demand for packaging is expected to be the primary driver of the global printing inks market.
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Printing Inks Market: Dynamics
Printing inks contain three components: vehicle, coloring ingredients, and additives. The vehicle, responsible for transferring the coloring ingredients from the ink fountain to the type form, can be either a vegetable base (linseed, rosin, or wood oils), which dries by penetration and oxidation and at the same time ensures fixation, or a solvent base derived from kerosene, in which case drying takes place by evaporation. Coloring ingredients come in several forms: pigments, which are fine, solid particles manufactured from chemicals, generally insoluble in water and only slightly soluble in solvents; agents made from chemicals but soluble in water and in solvents; and lacquers, obtained by fixing a coloring agent on powdered aluminum. Additives stabilize the mixture and give the ink additional desirable characteristics.
The nature and proportions of ingredients vary according to the printing process to be used and the material to be printed. Proportions must be checked and sometimes modified during printing.
The global packaging segment is expected to expand considerably during the forecast period. Thus, rise in production of packaging, and publication and commercial printing is projected to boost the demand for printing inks during the forecast period.
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Manufacturers are focusing on packaging, as the share held by this segment in the printing inks market is likely to increase during the forecast period.
Printing Inks Market: Prominent Regions
Asia Pacific holds the major share of the global printing inks market. The market in the region is anticipated to expand at a CAGR of more than 4.7% during the forecast period. Increase in demand for printing inks in various application such as packaging, and publication and commercial printing is driving the printing inks market in Asia Pacific. China is a key country of the printing inks market in Asia Pacific. It held significant share of the printing inks market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
North America is also a key region of the global printing inks market. The U.S. led the printing inks market in North America in 2020. Increase in demand for printing inks in packaging, and publication and commercial printing in the U.S. is driving the market in the country.
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Printing Inks Market: Major Players
The global printing inks market is consolidated, with the presence of key players. Prominent players operating in the global printing inks market include Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO Ink Group, Sakata INX Corporation, ALTANA AG, Huber Group, T&K TOKA Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG, and and Royal Dutch Printing Ink Factories Van Son.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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