According to Acumen Research and Consulting, the global Lithography Inks Market is expected to grow at noteworthy CAGR around 5 % throughout the forecast period and reach around US$ 10.5 billion by 2026. The report provides analysis of global Lithography Inks market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Printing inks are colored pastes which are formulated to transmit an image from a printing surface and reproduce it. These tints are applied to many media, like paper, metal sheets, paper sheets and others, in thin films. Inks can be designed for protection, decoration and communications purposes. In some cases, these functions are combined. Pigments, resins, solvents, additives and colorants are the raw materials used in printed inks. In day-to-day life, different types of printing inks are used. Flexography, display, lithograph, engraving and digital are part of this. Of these, lithography is the dominant type of printing ink. Lithography is an offset process, also known as offset lithography. Ink is used for printing lithographs. Inks like water-based, solvent-based, or others are necessary for lithograph printing. For the production of garments and other uses for the automotive, textile, food & beverage industries, screen printing are used. The lithograph printing process used in different packaging printing applications is an important printing process. It has a high versatility in terms of printing on a variety of substrates because of its popularity. The lithographic inks show high adhesion to the surface of the substratum and offer excellent printing quality regardless of the substratum material.
Increasing demand for lithographic inks for large-volume printing applications and the growth in the packaging industry are important factors driving the lithographic ink market. There is continuous evolution in the packaging industry. The printing industry has therefore gained a large foothold. Packaging also has a highly significant marketing and advertising aspect, which has an impact on the buying decision of the consumer. A major consumer of printed ink is the packaging industry. In the coming years, the demand for lithography inks are expected to increase as the food & drink sector grows and demand for flexible packaging increases for the healthcare sector. The demand for lithographic printing is further supported largely by the growth in the packaging industry's output. The lithography printing process is driven by rapid urbanization and changes in the packaging industry. In turn, this boosts the market for inks for lithography.
Increased Demand for Lithography Ink To Drive The Global Market Packaging Industry
The acceptance of lithographic inks is enhanced by significant growth in the packaging sector in developing economies and by increased use of high-quality printed inks. In the past few years, Asia Pacific's packaging industry has expanded at a rapid rate. It is expected that this trend will continue over the prediction period. The market of lithograph inks is driven by rapid industrialisation and expansion in the packaging industry in developing countries. A big consumer of printing inks is the packaging industry. In the next few years, the demand for lithographic inks is expected to grow in the food & drink sector and to increase demand for flexible packaging in the health-care sector.
Ink type, application, and region are the basis of the global ink lithographic segment. The market in inks was divided into water-based solvents (including hybrid inks) and others (UV cure). In terms of the type of ink. In 2018, the solvent sector dominated the market. As the number of VOC emissions regulations, including paints and coatings, printing inks and industrial and domestic cleaning products increased, the demand for oil based solvents decreased, and environmental awareness was increased. Petroleum-based solvents are replaced by less harmful and environmentally friendly solvents.
The lithographic inks market was divided into commercial printing, wrap-up, publication and more (including textiles and metal) for application purposes. Due to its high quality, cost efficiency and flexibility, lithographic inks are widely used in the packaging sector. In addition, demand for lithographic inks is driven mainly by increasing packaging industry output. Lithographic inks are used in packages, since the process of lithography is used to efficiently prints photographs or complex color details requiring full colour prints. Furthermore, new designs and economical manufacturing are key drivers of the market in packing printing ink. In turn, the market for lithographic tints is estimated to improve. Technological advances will also fuel the market for inks of lithography during the predicted period.
The lithographic inks in North America, Latin America, Europe, Asia Pacific and the Middle East and Africa have been classified as regionally. In Asia-Pacific the demand for lithographic ink in 2018 was high. The market in Asia Pacific is fueling economic growth, changing lifestyles and increased urbanization in China, Vietnam and India. Due to the considerable use of ink lithographs in the advertising & promotions application in the region, the market in North America has matured. In Europe, utilization of lithography inks in Germany, the U.K., Italy, France, and Russia has been increasing due to the growth in the packaging sector. Latin America, due to the expansion of the end use sectors and increased industrialization of the region, is expected to become a key region for the world lithography inks market during the forecast period. The intention is that this will create significant opportunities, especially in the commercial printing industry in emerging countries, for lithography tincture producers in the near future.
Global Lithography Inks Market, By Ink Type
Global Lithography Inks Market, By Application
Global Lithography Inks Market, By Geography
The market research study on “Lithography Inks Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Lithography Inks market segments with market dynamics and their impact. The report also covers basic technology development policies.
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Key Players & Strategies
The report presents profiles of the global lithography inks market leading players. INX International Ink Co., Toyo Ink Co., Ltd., DIC Corp., Flint Group, Cabot Corp., Siegwerk Druckfarben AG & Co. KgaA, HuberGroup, Tokyo Printing Ink Mfg, FUJIFILM Holdings America Corporation Co., Ltd., T&K Toka Co., Ltd. Several companies in the lithographic inks global market are expanding their portfolio through the improvement of existing products and the development of new products with superior characteristics. They conclude strategically long-term contracts with commercial printing, packaging and publishing contractors to enhance their market share.