Market Research Report
Printing Inks Global Market Report 2022
|Printing Inks Global Market Report 2022|
The Business Research Company
Content info: 400 Pages
Delivery time: 2-10 business days
Printing Inks Global Market Report 2022 from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global printing inks market as it emerges from the COVID-19 shut down.
Where is the largest and fastest growing market for the printing inks? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Printing Inks market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider printing inks market, and compares it with other markets.
Markets Covered: 1) By Type: Oil-Based Printing Inks; Solvent-Based Printing Inks; Water-Based Printing Inks
2) By Product Type: Offset Printing Inks; Flexographic Printing Inks; Rotogravure Printing Inks; Digital Printing Inks
3) By End User Industries: Packaging; Print Media; Commercial Printing; Other End-Use Industries
Companies Mentioned: DIC Corporation; Arkema SA; Sakata INX Corporation; Siegwerk Druckfarben AG & Co.; TOYO Ink Group
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Bangladesh; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Iran; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; Ukraine; USA; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, printing inks indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major companies in the printing inks market include DIC Corporation, Arkema SA, Sakata INX Corporation, Siegwerk Druckfarben AG & Co, TOYO Ink Group, Dainichiseika Color & Chemicals Mfg.Co. Ltd, DuPont Inc, Agfa-Gevaert NV, T&K TOKA Corporation, and Ferro Corp.
The global printing inks market is expected to grow from $28.21 billion in 2021 to $29.56 billion in 2022 at a compound annual growth rate (CAGR) of 4.8%. The market is expected to grow to $34.36 billion in 2026 at a CAGR of 3.8%.
The printing inks market consists of sales of printing inks by entities (organizations, sole traders, or partnerships) that manufacture printing and inkjet inks. Printing inks are liquids that contain pigments or dyes, which are used to produce images, text, and designs. They are widely used in letterpress and lithographic printing. Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish. For example, black ink made from carbon blacks is mixed with thick linseed oil or similar oil, often with rosin oil to which rosin varnish is added. Inkjet inks consist of a base carrier such as water, oil, or a solvent, and colorants such as dyes or pigments and small amounts of chemical additives to provide some unique characteristics.
The main types of printing inks are oil-based printing inks, solvent-based printing inks, and water-based printing inks. Water-based printing ink is ink made with water rather than plastic or PVC. The product types are offset printing inks, flexographic printing inks, rotogravure printing inks, and digital printing inks. The various end-use industries involved are packaging, print media, commercial printing, and other end-use industries.
Western Europe was the largest region in the printing inks market in 2021. Asia Pacific was the second largest region in the printing inks market. The regions covered in the printing inks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
3D technology will be a driver of the printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink® materials from ALTANA and DP polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process.
A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem. Market players have already started facing challenges due to shortages of raw materials. For instance, in June 2021, manufacturers in Asia, like Toyota and Honda, have faced supply chain challenges because of various materials shortages and COVID-19.
The printing inks market witnessed consolidation with a significant number of mergers and acquisitions. Top companies in the printing inks market are strategically acquiring and merging with start-ups and mid-sized companies to broaden their products and services range or to enter emerging regions. For instance, in December 2020, Arkema, a France-based specialty chemicals and advanced materials company acquired Colorado Photopolymer Solution for an undisclosed amount. This acquisition will foster the development of an integrated offering of customized and formulated additive manufacturing solutions to accelerate the design of turnkey solutions for 3D printing. Colorado Photopolymer Solution is a US-based manufacturer of 3D printing.
The countries covered in the printing inks market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam.