Oil-Based Printing Inks Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Oil-Based Printing Inks Market?
In the past few years, we have seen consistent growth in the market size of oil-based printing inks. This growth is set to continue, with the market value projected to increase from $12.75 billion in 2024, to $13.34 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.6%. The expansion witnessed in the historical period is directly associated with the growth of the printing industry, coupled with factors such as quality and durability, versatility, and color intensity.

The market size for oil-based printing inks is projected to undergo solid growth in the coming years, expanding to $15.59 billion in 2029 with a compound annual growth rate (CAGR) of 4.0%. The projected growth in the forecast period can be tied to factors such as environmental sustainability, incorporation of digital printing, expansion of flexible packaging, and specialty applications. Key trends to watch out for in the forecast period are water-based oil inks, uv-curable oil inks, personalization and variable data printing, recyclability, and a focus on the circular economy.

What Factors Are Propelling the Expansion of the Oil-Based Printing Inks Market?
The surge in demand for eco-friendly inks is anticipated to fuel the oil-based printing ink market in the forecasted timeline. A ban was implemented on the supply and use of several key chemicals, including components used in paints, coatings, and printing inks due to an explosion and fire incident in Jiangsu Province, China. This event has escalated the need for oil-based printing inks that serve as an alternative for petroleum and chemically-based inks, as they are derived from vegetable oils like soybean, sunflower, cottonseed, safflower, and canola. In particular, the US Energy Information Administration reported in April 2024 that the US Department of Energy recorded an average exportation of 6.1 million barrels per day of petroleum products in 2023, signifying a 2.5% increase from 2022. Consequently, the rising demand for eco-friendly inks is expected to propel the oil-based printing ink market.

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Which Businesses Are at the Forefront of Oil-Based Printing Inks Market Development?
Major companies operating in the oil-based printing inks market include Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Ink Co. Inc., Flint Group, Hubergroup, Sun Chemical Corporation, Wikoff Color Corporation, Siegwerk Druckfarben AG & Co., Sakata Inx Corporation, Toyo Ink SC Holdings Co. Ltd, Dic Corporation, Dupont De Nemours Inc., Encres Dubuit SA, Dainichiseika Color and Chemicals Mfg. Co. Ltd., DEERS i Co. Ltd., Dow Chemical Company, T&K Toka Co. Ltd., Altana AG, Fujifilm Sericol India Pvt. Ltd., Marabu GmbH & Co. KG, Zeller+Gmelin GmbH & Co. KG, Epple Druckfarben AG, Sicpa Holding SA, Tokyo Printing Ink Mfg. Co. Ltd., Tintas Arzubialde S.L., Sanchez SA de CV, Magna Colours Ltd., Kao Collins Inc., InkJet Inc., Cranfield Traditional Relief Inks, Gamblin Etching Inks

What Are the Latest Innovations in the Oil-Based Printing Inks Market?
In the printing ink sector, high-resolution substitute inks have been launched as a pocket-friendly replacement for barcode case coding uses. These high-resolution inths stand superior to conventional inks as they facilitate clean and thick printing at elevated speeds. They also offer re-printing capability and significantly decrease the need for cleaning stencils. For instance, an inkjet ink that is a high-resolution replacement and compatible, titled Sure Scan II Plus, was introduced by IIMAK, contributing to the reduction of printing expenses, downtime, and waste. This replacement solution can be used across various high-resolution inkjet printers, which include FoxJet, Matthews, and Diagraph. Leading companies in this market are innovating to produce high-quality inks which have excellent endurance, fast dry period, and a shelf life of 12 months.

How Is the Oil-Based Printing Inks Market Segmented?
The oil-based printing inks market covered in this report is segmented -

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 User Industry: Packaging, Print Media, Commercial Printing, Other End-Use Industries

Subsegments:
1) By Vegetable Oil-Based Printing Inks: Soy-Based Inks, Linseed Oil-Based Inks, Other Vegetable Oil-Based Inks
2) By Mineral Oil-Based Printing Inks: Petroleum-Based Inks, Paraffin Oil-Based Inks, Other Mineral Oil-Based Inks

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Where Is the Oil-Based Printing Inks Market Growth Most Prominent?
Western Europe was the largest region in the oil-based printing inks market in 2023. Asia-Pacific was the second-largest region in the global oil-based printing inks market. The regions covered in the oil-based printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Oil-Based Printing Inks Global Market Report?

- Market Size Analysis: Analyze the Oil-Based Printing Inks Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oil-Based Printing Inks Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oil-Based Printing Inks Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oil-Based Printing Inks Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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