Printing Ink Market Report involving Key Players: Zeller+Gmelin GmbH & Co, T&K TOKA Corporation, Wikoff Color Corporation, ALTANA, Huber Group, TOYO Ink, Sakata INX, SiegwerkDruckfarben AG, Flint Group
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Global printing ink industry is majorly driven by the rising popularity of environment-friendly ink for commercial, publication, and packaging printing applications. 3D printing technology is anticipated to possess enormous potential in all key industries including healthcare and manufacturing sectors. Key application segments including commercial printing and packaging are foreseeing an exponential growth over the next eight years. Improved lifestyle and varied packaging techniques are expected to drive the global packaging market growth. This will have a direct impact on the printing ink market.
There is a rise in requirement towards water-based and UV-cured printing inks due to higher functionality and added benefits. Applications in 3D technology, greater efficiency and increased focus on eco-friendly technology are creating a huge demand for UV-cured printing inks. They are majorly used in packaging and food & beverage industries.
Fluctuating raw material prices are posing a grave concern for manufacturers. It has become hard to estimate the variable cost of production, making it difficult to fix the maximum retail price. Various environmental regulations along with increased awareness regarding health hazards of using solvent-based ink is limiting the industry development. Massive acceptance of E-books across the world is hampering the commercial printing applications, thus restraining the growth to a great extent. Innovative technologies resulting in better electronic products are increasing the comfort level of customers, thus driving them to use more E-books.
The Future Outlook of Printing Ink Industry?
Key market participants anticipate that high-quality 3D printing will dominate the global market in future thus making it a focal in research by many companies globally. The technology is evolving rapidly with new ideas that seemingly create objects of value from trash; for instance, the use of a procedure that makes use of rust powder to create objects. These objects are lightweight, stable, as well as safer when compared to iron particles.
Research has also discovered a way to build 3D printed metallic structures that are incredibly complicated, through the use of a whole new type of printing ink. This ink works well with a broad range of printing materials, including oxides and some alloys. This technology can be extremely useful and has already found application in the manufacturing of batteries, medical implants, small components, and solid-oxide fuel cells.
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Global industry is segmented on the basis of product, process, and application. On the basis of product, the market is classified as oil-based, water-based and solvent-based products. The industry, by process segment is classified as digital, flexographic, gravure and lithographic types.
Application segments includes publication & commercial printing and packaging. Out of different processes which use this technology, the global market is overseen by lithographic printing. The segment accounted for over 40% of the worldwide printing ink market. At present, growth in digital sector is experiencing faster growth and is expected to be a primary driver for growth.
Regulatory pressures from various governments across the world toward using oil-based inks are supposed to trigger the demand for water-based printing inks. The packaging was the most dominant application segment, and it is expected to continue its supremacy in the market over the next eight years.
North America dominated the global industry by contributing significantly to the worldwide volume. Higher consumable resource and ability to meet the demand along with the economic strength of the region are accountable for this growth. The Asia Pacific is expected to observe rapid growth over the next eight years. The majority of the growth in this region is contributed by emerging economies of China and India.
European market is anticipated to grow moderately over the study period. This is because of the slow recovery of the regional economy. Central & South America and the Middle East & Africa are estimated to have significant growth in the future. Growing this technology demand in packaging application is expected to be an important factor supporting regional growth.
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Key Vendors Takeaway
Key players operating in the worldwide market include Zeller+Gmelin GmbH & Co, T&K TOKA Corporation, Wikoff Color Corporation, ALTANA, Huber Group, TOYO Ink, Sakata INX, SiegwerkDruckfarben AG, Flint Group and Sun Chemical Corporation.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year-2014 & 2016
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
MARKET, BY PROCESS
MARKET, BY APPLICATION
Publication & Commercial Printing
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of the World
Middle East and Africa
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