Press release
Global Ink Additives Market is expected to grow at a CAGR of 5.72% during the forecast period from 2019-2025
Global Ink Additives Market 2019, Global Ink Additives Market Growth, Global Ink Additives Market Trends and Analysis,
"Global Ink Additives Market by Type (Dispersing & Wetting Agents, Foam Control Additives, Others), Process, Technology,Application, Regions",and Global Forecast 2018-2025.
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Major players in the global ink additives market are LTANA AG , BASF SE, Evonik Industries, Elementis PLC, Dow Corning, Shamrock Technologies, MunzingChemie GmbH, Solvay S.A., Harima Chemicals Group, Lubrizol, Croda International Plc, Huntsman International LLC, PolyOne, Sakata INX, K Tech (India) Ltd, Clariant among others. To satisfy the ever increasing demand for the durable inks, firms are increasingly emphasizing on developing the newer additives. For instance Evonic Industries in 2016, launched TEGO® Rad 2800. It is radiation-curing glide and release ink additive with strong hydrophobing properties and optimum system compatibility.
Type is segmented into rheology modifiers, dispersing & wetting agents, foam control additives, slip/rub materials and others. Properties of wetting and dispersing agents for stabilizing the suspension of pigments in varnish and achieving excellent print quality led dispersing and wetting agents segment to emerge as the largest with a 28.83% share of revenue 2017. Dispersing & wetting agents are utilized in almost all types of ink formulations. Process is divided into lithographic, gravure, flexographic, digital and others. Owing to its widespread use in the printing of books, advertising, catalogs, cards, posters, direct mail inserts, packaging and coupons, lithographic process emerged as the dominating segment with a 30.17% share of revenue in 2017. Growing utilization of flexography in the packaging of processed food and beverages is anticipated to propel the flexography segment to grow at a CAGR of 7.88% over the forecast period. Technology segment is categorized into solvent based, water based and others. Solvent based segment led the global ink additives market with a 63.37% share of revenue in 2017. This increased market share can be attributed to their properties for being low cost and exhibiting minimum migration of the ink on the substrate. Growing preference for water based ink additives in Europe and North America is expected to propel water based segment to grow at a CAGR of 8.04% over the forecast period.Application is segmented into packaging, publishing and commercial printing. Increasing demand for consumer durables, processed food and growth of ecommerce sector is generating a tremendous demand for the packaging materials. Based on this Packaging segment led the global ink additives market with a 43.62% share of revenue in 2017.
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Factors such as growing demand for the flexible packaging materials and development of newer multipurpose additives are driving the global ink additives market, whereas volatility in raw material prices and increasing shift to digital media are anticipated to prove the major restraining factors for the market growth.
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