Ink Resins Market is set to Garner Staggering Revenues by 2024

Subtitle: The Ink Resins Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Ink Resins Market: Drivers and Challenges

Rising demand for printing inks from the end-user industries is expected to drive the inks resins market. Printing and publication application segment of ink resins is expected to experience high demand in the next few years. Flexible packaging is gaining demand since last few years and is expected to grow at a significant rate due to high demand from consumer groups of developed as well as developing countries. Additionally, improving raw materials supply for these resins is expected to fuel the market growth. Companies operating in this market are forming long term agreements with raw material supply in order to secure raw material supply. Ink resins manufacturers are also in contract with end-users of these resins, which also supports the market growth. Furthermore, research and development activities regarding new ink resin technologies are likely to boost the market.

However, rising raw material prices and their volatility is expected to hamper the ink resins market growth. Furthermore, raw materials industry of ink resins is on the verge of consolidation that enhances the bargaining power of suppliers and negatively affects the market growth. End-use industries of ink resins grow in line with the economic development across globe and hence, geopolitical issues in affects the growth in particular regions and have effect on the global ink resins market. Increasing demand for water-based inks is anticipated to provide immense opportunities for the players in the market. Additionally, printing of materials used in packaged food industry is expected to indirectly provide opportunity for ink resins market.

Ink Resins Market: Regional Overview

Asia Pacific emerged as the largest market for ink resins in terms of production and consumption. China accounted for significant share in the demand and production of ink resins in the region. High economic growth in the emerging economies of Asia Pacific such as China and India are expected to boost the market growth in the next few years. Rest of the World is expected to grow at a significant growth during forecast period due to upcoming global and sports events in the region.

Ink Resins Market: Key Players

Global ink resins market is moderately consolidated with key players having presence across the value chain. Players in the market concentrate on expansion of product facilities and new product launches in order to increase their market share. Moderate level of mergers and acquisitions is the characteristic of this market. Key players in ink resins market include Arakawa Chemical, Arizona Chemical, BASF SE, Hydrite Chemical, IGM Resins, Indulor, Evonik Industries, Lawter B.V., Royal DSM N.V., The Dow Chemical Company and BASF SE.

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