Global Printing Inks Market to Exhibit 5.0% CAGR during 2014-2020 due to Growing Demand for Water-based Inks
According to a recent market research
report published by Transparency Market Research, the global printing inks market is
estimated to expand at a CAGR of 5.0% during the period between 2014 and 2020.
The report, titled “Printing Inks Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,”
projects the global printing inks market to be worth US$20.17 bn by 2020. The
overall market was valued at US$14.41 bn in 2013.
Printing inks usually
contain pigments of required color mixed with varnish or oil. For example, a
black ink is made from carbon blacks and thick linseed oil. Printing inks flow
smoothly and dry faster, and their consistency makes it possible to hold enough
color to make printed matter legible.
Browse Market Research
Report with TOC & Analysis @
The growing demand from the
packaging industry is expected to boost the growth of the global printing inks
market. Rising demand for UV-cured inks from various printing processes is also
expected to fuel market growth. However, the increasing popularity of e-books,
and stringent government regulations will hamper the demand for printing inks
in the near future. The introduction of bio-based printing inks is expected to
create new growth opportunities for the market.
In terms of process types,
the report categorizes the global printing inks market into gravure, lithographic,
digital, flexographic, and others including letterpress printing. In terms of
volume, the lithographic printing segment accounted for 40% of the market and
dominated the overall market in 2013. The digital printing segment is
anticipated to be the fastest growing segment during the forecast horizon with
the rising demand for digital printing and an increasing number of households
buying printing inks.
On the basis of product
type, the global printing inks market has been divided into oil-based, water-based,
solvent-based, and other printing inks. The water-based inks segment is
expected to witness the fastest growth by 2020 as water-based inks are
environment-friendly. Presently, the global printing inks market is dominated
by oil- and solvent-based inks.
In terms of applications,
the global printing inks market has been categorized into
publication and commercial printing, packaging, and others including decorative
printing. Packaging was the largest application segment in 2013 owing to the
steady growth in demand for flexible packaging across various industries. The
packaging segment is expected to continue its dominance through 2020. In the
packaging industry, printing inks are being increasingly used in metal cans,
tags and labels, and flexible materials.
The report studies the
global printing inks market across Europe, Asia Pacific, North America, and
Rest of the World. In terms of volume, North America dominated the overall
market with share of 30% in 2013. The growing demand for commercial printing
and flexible packaging is expected to fuel the demand from this regional
market. However, during the forecast horizon, Asia Pacific is projected to
emerge as the fastest growing region owing to the rising demand for printing
inks from China and India. In the U.S. and Europe, the market is estimated to
witness steady growth in the coming years.
Describing the competitive
landscape, the report profiles some of the key players in the global printing
inks market such as TOYO Ink Group, Wikoff Color Corporation, T&K TOKA
Corporation, Royal Dutch Printing Ink Factories Van Son, Flint Group, Siegwerk
Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, Sun
Chemical Corporation, Zeller+Gmelin GmbH & Co. KG, and ALTANA AG. The
report provides detailed information about the key players including financial
overview and recent developments.
Global printing inks market
has been segmented as:
Printing
Inks Market – Product Segment Analysis
·
Solvent-based
printing inks
·
Water-based
printing inks
·
Oil-based
printing inks
·
Other
printing inks (Including UV-cured Inks, etc.)
Printing
Inks Market - Process Segment Analysis
·
Lithographic
printing
·
Gravure
printing
·
Flexographic
printing
·
Digital
printing
·
Other
printing (Including letterpress printing, etc.)
Printing
Inks Market - Application Analysis
·
Packaging
·
Publication
and commercial printing
·
Others
(Including decorative printing, etc.)
Printing
Inks Market - Regional Analysis
·
North
America
·
Europe
·
Asia
Pacific
·
Rest
of the World (Latin America, Africa and the Middle East)
About Us
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 analyses 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.
Comments
Post a Comment