The global ink solvents Market is projected worth US$ 658.3 Million by 2026 and the market is projected to showcase 4.9% CAGR during the forecast period. The ink solvents market is driven by inexpensive nature and non-coating properties that are important factors which are promoting the market positively.
Low VOC emission of inks and an increase in demand for ink solvents in several industries are the key factors driving the bio-based ink solvents market. The packaging industry is constantly growing; thus, the printing has expanded its strong foothold in the global inks industry. Also, the advent of solvent-based inks in advertising and textiles applications has increased the demand for ink solvents. Excellent printing quality, image stability, and adaptability in the printing on any substrate are driving the demand in the printing inks industry, thus expanding the growth of ink solvents market. Moreover, the development in technologies and launch of bio-based solvents have led to the replacement of traditional solvents. The rise in demand for bio-based inks is projected to fuel the ink solvents market during the forecast period.
The demand for petroleum-based solvents has been declining due to the rise in the number of strict government regulations over increased VOC emissions from printing inks, paints and coatings, and industrial cleaning products; an increase in environmental awareness. Less destructive and environment-friendly ink solvents are substituting the petroleum-based solvents. These factors are projected to drive the bio-based ink solvents during the forecast period.
The global ink solvents market is segmented into solvent type, type, process, and region. On the basis of solvent type, On the basis of solvent type, the global ink solvents market is segmented into Alcohol, ketones, hydrocarbons, and others which includes Ethers & Esters. On the basis of by type, the global ink solvents market is segmented into conventional and bio-based. On the basis of by process, the global ink solvents market is segmented into Flexography, Gravure, and others which includes screen and digital. On the basis of the region the global ink solvents market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on the solvent type, the global ink solvents market is mainly segmented into three sub-segments that include hydrocarbons, alcohol, and ketones. The hydrocarbon solvents are prepared from hydrogen and carbon atoms. The rise in consumption of ink solvents in the printing inks industry is estimated to drive the global ink solvents market during the forecast period.
The Asia Pacific region is expected to grow significantly at high CAGR during the forecast period. The rise in demand for ink solvents in developing countries of the Asia Pacific region is expected to contribute to the growth of ink solvents market globally. Increase in digitalization, and rapid urbanization in China and India are increasing the demand for ink solvents market in the Asia Pacific region. The market in North America has already developed due to the significant usage of traditional ink solvents in advertising applications.
The major players associated with the global ink solvents market are Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Royal Dutch Shell plc, Celanese Corporation, DowDuPont Inc., VertecBiosolvents, Eastman Chemical Company, Yip’s Chemical Holdings Limited, INEOS AG, and Sasol Limited Group etc.Key players in the global ink solvents market are focused on continuous product innovation in order to manufacture innovative ink solvents for effective applications. Additionally, the key manufacturers are taking strategic initiatives such as product launch, merger and acquisition and developing strategic partnerships with other established players in the global ink solvents in order to expand their business geographically.
Market By Solvent Type
Market By Type
Market By Process
Market By Region
Introduction Oil spill is a general term used for contamination of sea, soil or land by oil or release by accident or mistake. Oil sources are spread throughout the world and are drilled both onshore and offshore. Since oil is a key source of energy, it is important that oil be consistently distributed and shipped. Oil is mainly transported by sea vessels and land pipelines. The ve
Introduction Nylon is a lightweight, tough synthetic polymer that is capable of producing as a molded, filamented and sheet object, and has a chemical structure. It is a thermoplastic, silky material that after melting process can be converted into films, fibers and forms. Two synthetic polymers are nylons 6 and 66 known to be polyamides used in the automotive, plastic and textile
In 2017, the global Vanadium market was approximately 86.47 Kilotons and is expected to grow at the CAGR of 6.6% during the forecasted period 2019-2026. Vanadium is a chemical element discovered by Andrés Manuel del Río and atomic number 23. Owing to its various properties such as ductile and malleable transition metal it has found a wide array of application in vario
Personal care are the products used for daily tasks for bathing, showering, dressing and toileting, applying creams and lotions, all in the comfort of the home. During last few years, there is a significant increase in the demand for the organic products which has ultimately boosted the market for the organic personal care. Wide arrays of organic products are available in the market which includes hair care, skin care, oral care, cosm
Emulsion polymers are obtained through combination of monomer, surfactants, and water. Oil and water based are most commonly used emulsion polymers. Emulsion polymers are majorly used for paints & coatings, automotive applications as they exhibit low VOC. Regulations such as REACH and clean air act are the major factors driving the emulsion polymer market. The market research study on &
Automotive wrap films are vinyl based graphic used on the paint of the vehicle for the purpose of enhancing the vehicle’s appearance. Automotive wrap films are also used to protect vehicle’s original paint from environmental hazards such as corrosion and dust. Average shelf life of an automotive wrap film is reported to be approximately five years, thereby making it cost effective. As they are affordable, hence they are al