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Ink Resin Market 2024 | Expansive Market Size, Current Industry Trends, Share, In-Depth Market Analysis, Key Drivers, Leading Major Players, and Future Forecast until 2033
Ink Resin Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Ink Resin industry. This report on Ink Resin market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ink resin market size has grown rapidly in recent years. It will grow from $4.13 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to printing industry growth, increased demand in the packaging industry, rise in environmental regulations, expansion of inkjet printing, increased demand in flexographic printing sector. The ink resin market size is expected to see rapid growth in the next few years. It will grow to $7.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
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Key Market Players:
Lawter Inc., Evonik Industries AG, Kraton Corporation, Arakawa Chemical Industries Ltd., Arizona Chemical, DIC Corporation, Flint Group, Kimix Chemical Co. Ltd.
Market Drivers:
According to the Ink Resin Market Report 2024 by The Business Research Company, the increasing demand for wood is expected to propel the growth of the ink resins market going forward. Wood is a natural, organic material that forms the structural tissue of trees and woody plants and is widely used as a versatile material. Ink resins are used in wood coatings to improve adhesion to the wood surface to create a protective layer and also help by providing wood resistance to wear, moisture, and UV exposure for coatings. For instance, in December 2022, according to the Natural Resources Institute, a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters. Comparing the sum to the prior year, there was a 9% rise. Furthermore, the number of by-products and other types of wood waste used was 27.7 million cubic meters, which is an increase of 17% over the previous year. Therefore, increasing demand for wood is driving the growth of the ink resins market.
More information about the Global Ink Resin Market Report -
https://www.thebusinessresearchcompany.com/report/ink-resin-global-market-report
Market segments for Ink Resin include:
1) By Resin Type: Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Other Resin Types,
2) By Technology: Oil-Based, Solvent-Based, Water-Based, UV-curable-Based,
3) By Printing Process: Lithography, Gravure, Flexography, Other Printing Processes,
4) By Application: Printing And Publication, Flexible Packaging, Corrugated Cardboard And Cartons, Other Applications,
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Specialty Resins Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/specialty-resins-global-market-report
Oil-Based Printing Inks Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/oil-based-printing-inks-global-market-report
Barrier Resins Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/barrier-resins-global-market-report
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