Ink Resin Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Ink Resin Global Market Report 2023 identifies an increase in consumer spending and online shopping as the major driver for the ink resin market's growth in the forecast period. Online shopping is a type of electronic commerce that enables customers to place direct orders for goods or services from sellers using a computer browser. High-quality packaging is seen as an additional expenditure by the majority of e-commerce enterprises since it protects the item from damage during shipping, lowering the likelihood that buyers will return it. Flexible packaging inks improve the graphic appearance and help the package work better by maintaining the quality of the pictures during the product's production, packaging, transportation, and use.

The global ink resins market size grew from $3.66 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of ink resin is expected to grow to $5.57 billion in 2027 at a CAGR of 8.9%.

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Major competitors in the ink resin market are Lawter, a Harima Chemicals Inc., Evonik Industries AG, Kraton Corporation, Arakawa Chemical Industries Ltd., Arizona Chemical, Covestro AG, The Lubrizol Corporation.

A key trend in the ink resin market includes product innovations. Major companies operating in the market are developing innovative products such as improvements in 3D printing, and the introduction of new technologies such as inkjet, offset, and others to sustain their position in the market. For instance, in March 2022, ALTANA, a Germany-based developer and manufacturer of high-quality, innovative specialty chemical products, is adding new high-performance resins to its already released Cubic Ink® 3D printing material families. In this material category, the two new resin-based Cubic Ink® 3D printing material series """"High Performance"""" and """"Prototyping"""" provide high levels of flexibility, toughness, and heat resistance. The Cubic Ink® printing materials combine properties that allow them to be used as final components with properties that are process-friendly, like low viscosity and resin stability.

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The ink resin market is segmented -
• By Resin Type: Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Other Resin Types,

• By Technology: Oil-Based, Solvent-Based, Water-Based, UV-curable-Based,

• By Printing Process: Lithography, Gravure, Flexography, Other Printing Processes,

• By Application: Printing And Publication, Flexible Packaging, Corrugated Cardboard And Cartons, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the ink resin market.

The Business Research Company's "Global Ink Resin Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Ink Resin Market Include:
1. Executive Summary
2. Ink Resin Market Characteristics
3. Ink Resin Market Trends And Strategies
4. Ink Resin Market - Macro Economic Scenario
5. Ink Resin Market Size And Growth
……
26. Africa Ink Resin Market
27. Ink Resin Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ink Resin Market
29. Ink Resin Market Future Outlook and Potential Analysis
30. Appendix

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