Waterborne Ink Market Analysis by Global Segments, Growth, Size and Forecast 2024
Browse Market Research Report: http://www.transparencymarketresearch.com/waterborne-ink-market.html
According to a research report published by Transparency Market Research, the global waterborne ink market is expected to hold a uniquely intensive competitive scenario. A lot of the older and prominent players in the market base their trade dynamics in long-term contracts and goodwill. This allows them a safe playing field to engage in further expansionistic strategies. At the same time, the availability of raw materials is made very easy to their low costs and abundance in all regions. This attracts several newcomers to the global waterborne ink market despite the overall fluctuating nature of pricing in it. The global waterborne ink market was valued at US$2.3 bn in 2015 and is expected to reach US$2.49 bn by the end of 2016. After expanding at a CAGR of 6.5% between 2016 and 2024, the market’s revenue is projected to reach US$ 4.1 bn in 2024.
Pro-environment Regulations Swell up Demand for Waterborne Inks
“Printing inks are widely considered harmful to the environment, in terms of manufacturing waste disposal as well as product disposal into the environment. As a result, the markets related to printing inks have come under close scrutiny by government bodies as well as environment-conscious consumers. Acts such as the TSCA and the CAA have been instrumental in curbing the overall emission levels of VOC by bringing it under federal control within the U.S. Similar processes are being followed in a lot of the developed economies of the world, and this is severely cutting down the demand for conventional printing inks. Consequently, the visibility and preference of waterborne inks has shot up over the recent past due to its eco-friendly nature in terms of low VOC content. This is currently the leading driver of the global waterborne ink market,” states a TMR analyst.
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Further Restriction of VOC Content could Restrict Global Waterborne Ink Market
Government regulations do come as a double-edged sword for the global waterborne ink market, as a lot of nations are going one step further to try and completely eradicate VOC content in industrial emissions. Despite its low VOC content, waterborne inks have a solid contender rising up in prominence – the burgeoning market for UV-cured inks. These inks are known for being completely VOC-free as well as quicker to dry due to the incorporation of UV drying methods. The risk of losing market demand to UV-cured inks is expected to increase in severity over the coming years.
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“A lot of the more prominent players in the global waterborne ink market from developed economies are looking to the emergent ones for better demand and an expansion in market shares. The nations of Asia Pacific and Latin America will be key for the proliferation of several players who are sensing greater opportunities there,” adds the analyst.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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