Press release
Oil-Based Printing Inks Market 2021 Analysis by Global Players and Trends- Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup
Global Oil-Based Printing Inks Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Oil-Based Printing Inks market size, demand and revenue. The current Oil-Based Printing Inks market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.The global oil-based printing inks market is expected to grow from $13.62 billion in 2020 to $14.02 billion in 2021 at a compound annual growth rate (CAGR) of 2.9%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $15.36 billion in 2025 at a CAGR of 2%.
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Scope of this Report:
1) By Type: Vegetable Oil-Based Printing Inks ; Mineral Oil-Based Printing Inks 2) By Application: Marking And Coding; Package Printing; Signage 3) By End-Use Industry: Packaging; Print Media; Commercial Printing; Others
Companies Mentioned: Nazdar Ink Technologies; Van Son Holland Ink Corp.; Superior Printing Inks; Flint Group; Hubergroup
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
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.
Industry News:
In October 2020, Flint Group Packaging Inks, an India based Chemical manufacturer acquired Poteet Printing Systems LLC for an undisclosed amount. This acquisition strengthens Flint Group Packaging Inks position within, and technical support to, the Paper & Board market in North America. Poteet Printing Systems LLC, a USA based Chemical manufacturer.
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Executive Summary:
The demand for environmentally friendly inks are increasing and it is expected to drive the oil-based printing inks market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings and printing inks has been banned due to explosion and fire that occurred on March 2019 in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks which can be used as a substitute for petroleum and chemical based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower and canola oils. 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 May 2018, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing inks supply due to global raw material shortage resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories. Again, in July 2018, printing ink manufacturer Hubergroup announced an increase in prices for all energy curing inks and varnishes across Europe and the Americas with immediate effect due to shortages of raw materials.
Regional Analysis For Oil-Based Printing Inks Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Browse the Report Description And TOC:
https://www.marketinsightsreports.com/reports/08103166829/oil-based-printing-inks-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-type-vegetable-oil-based-printing-inks-mineral-oil-based-printing-inks-2-by-application-marking-and-coding-package-printing-signage-3-by-end-use-industry-packaging-print-media-commercial-printing-others-covering-nazdar-ink-technologies-van-son-holland-ink-corp-superior-printing-inks-flint-group-hubergroup?Mode=S48
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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