According to Acumen Research and Consulting, the global ink resins market size is expected to reach around US$ 4.5 billion by 2026 with noteworthy CAGR around 4.8 % throughout forecast period 2019-2026.
Ink resins are used in printing inks manufacture. They are used to change the property of the end product in pigments and dispersions of the tinting. Stability, a good surface appearance, gloss, flow, solvency and dilatability are key properties that ink resins should possess. Flexographic resins, inkjets, offset and sheetfed printing are used in Ink resins.
The report provides analysis of global Ink Resins market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
With the increasing use of flexible packaging and folding cartons, the global market for ink resins is anticipated to grow in the expected period. Furthermore, it is expected that improvement in the supply of raw materials for the production of ink resins will increase market growth. Moreover, ongoing strategic partnerships between ink producers and resin manufacturers to ensure continuous returns are projected to assist ink resin market growth over the forecast period, helping both ink producers to secure feedstock supplies and resin providers. Another major driver for the growth of the market for ink resins in the next seven years is the increase in demand for packaged foods and beverages. However, it is anticipated that the switch from traditionals to internet and screen marketing will act as the key restriction factor in the growth of the ink resin market. The increase also is expected to hinder market growth for the feedstock petrochemical ink resin prices. In the coming years, the development of environmentally friendly ink resins is expected to open up new market avenues. In addition, an increased preference for water-based inks is expected to help with market growth over the projected period as a result of strict environmental protection policies.
However, rising prices and volatility of raw materials are expected to hinder growth on the market for ink resins. In addition, the Ink Resins raw material industry is on the brink of consolidation, enhancing suppliers ' negotiating strength and adversely impacting market growth. Ink industry end-use industries are growing globally in line with economic growth, and therefore geopolitical challenges in particular regions are having an impact on the global market for ink resins. Increasing demand for water-based inks will offer the players in the market enormous opportunities.
Each product requires packaging as an important requirement. It protects products against a wide range of factors, including improper handling and harsh environments. The sale of products is also based on attractive packaging. A consumer purchasing decision can have a positive impact on good packaging. These packaging benefits have begun to be achieved by manufacturers and consumers. This has led to a significant growth in the global packaging industry over recent years. All packaging types require printing tines, while ink resins are one of the raw materials required in all printing tints. As such, over the forecast period, growth in the packaging sector is expected to drive the global ink resin market.
The development of photos and texts in a digital way can be defined as digitalisation. The digitisation process started with computer, mobile and Internet development. There are currently several textbooks, novels and illustrative books on the web. Even marketing campaigns currently require less printed material, which can be conducted online in such campaigns. The trend in electronic business is increasing rapidly worldwide, hampering a number of industries like printing and publication. This will, in turn, restrict the world market for ink resins during the forecast period.
In the market there are different types of ink resins. They include rosins modified, polyamides, acrylics, hydrocarbon resins, and polyurethanes. Various types of ink resins have various advantages and disadvantages. Ink resins can be manufactured according to the exact printing ink requirements. They can even be adapted to particular applications like packaging, publishing, and commercial printing. The development of such high-precision ink resins is however only possible by close collaboration between manufacturers of printed inks and manufacturers of ink additives. Such cooperation also offers profitability for manufacturers of ink resin.
In type, modified rosine, hydrocarbon resins, modified cellulose, acrylic, polyamide and polyurethane have been divided into a global market for ink resins. Due to the low price and ease of availability of modified rosins, the modified rosin sector accounts for a major market share. The market is segregated in lithography, flexography, printing and digital printing on the basis of printing processes. The lithography sector has a key market share, mainly because lithographic printing in the end user industries, such as printing and publication, is widely used.
The world market of ink resins is classified as water-based, solvent-based, UV-treated and oil-based in terms of printing ink. A great deal of ink resins are consumed by solvent-based printing intoks. The market is split into packaging, publishing, business printing and others in terms of applications. Packaging is a printing ink primary application and, in turn, an ink resin application. Moreover, the packaging sector is expected to gain market share by the end of the forecast period with growing awareness about the importance of packaging.
Due to the rising demand for printing inks in packaging industry, Asia Pacific accounted for the main market share of ink resins market in 2018. Due to China's dominant packaging industry, China was responsible for most of the demand for ink resin. In view of the growing trend in Online shopping and packaged foods, Asia Pacific is expected to dominate the market with regard to volume. The growing food & beverage industry in the North America is expected to see steady growth rates. The fast industrialization of these economies expects emerging economies like India, Brazil and Mexico to have a high ink resin potential.
Global Ink Resins Market, By Type
Global Ink Resins Market, By Printing Process
Global Ink Resins Market, By Printing Ink
Global Ink Resins Market, By Application
Global Ink Resins Market, By Geography
The market research study on “Ink Resins Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Ink Resins market segments with market dynamics and their impact. The report also covers basic technology development policies.
The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels.
Key Players & Strategies
Ink resins, with the presence of some major multinational players, like BASF SE, DIC Corporation, The Dow Chemicals Company, and lawter inc., are medium consolidated. It is also a mature market with established players, making it relatively difficult for new firms to enter. Many large market companies, particularly the development of sustainable and environment-friendly ink resins, have adopted a strategy of new product development in order to be able to compete in the market effectively. For example, under the brand name Versamid BASF SE has launched several new ink resins. It is also aimed at producing environmentally compatible ink resins under the Joncryl brand name.