North America Printing Inks Market: Stringent Emission Regulations to Increase Demand for Water-based Products, TMR

The North America printing inks market features a largely consolidated competitive landscape, with the leading three companies collectively accounting for over 65% of the market in 2015, observes Transparency Market Research (TMR) in a recent report. These leading players, namely Sun Chemical Corporation, Flint Group, and INX International Ink Co. command prominent positions in the market on account of their well-established distribution channels, several research and development centers, and operating facilities across a number of potential markets.

The market is going through a sluggish growth path and more focus on the development of on innovative and trendy products such as the environment-friendly water-based and UV-cured printing inks over solvent-based products is expected to be the key distinguishing factor in the next few years. Stringent emission regulations in the U.S. and Canada will lead to an increased demand for water-based and UV-cured products in the near future.

Transparency Market Research estimates that the North America printing inks market will exhibit a 5.7% CAGR over the period between 2016 and 2024, rising to a valuation of US$8.7 bn by 2024 from the US$5.3 bn valuation in 2015.

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Oil-based Printing Inks to Retain Dominance in North America Printing Inks Market

The report examines the North America printing inks market for product varieties such as solvent-based printing inks, water-based printing inks, UV-cured printing inks, and oil-based printing inks. Of these, the segment of oil-based printing inks is presently the leading contributor of revenue to the North America market. The high share of the product segment in the overall market is attributable to its extensive usage in commercial and publication printing.

From a geographical standpoint, the North America market has been segmented into the U.S. and Canada. Of these, the market in the U.S. dominates in terms of production, consumption, as well as revenue contribution to the North America printing inks market. The U.S. is expected to remain the dominant region for the printing inks market in North America over the report’s forecast period as well, exhibiting a 5.55% CAGR from 2016 through 2024.

Healthy Growth of Packaging Industry to offer Lucrative Growth Opportunities

The consistently healthy growth of the packaging industry in North America is considered a key growth factor for the North America printing inks market. Rising disposable incomes, a thriving e-commerce industry, increased consumption of packaged food products, and improving economies have all significantly contributed to the growth of the packaging industry. The increased use of accurate labelling on packages to ensure appropriate transactions provides a significant boost to the North America printing inks market and is expected to remain the key driver for the market in the next few years as well.

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Thriving Market for Digitized Books Emerges as Key Challenge to Growth

Some of the key challenges faced by the North America market for printing inks include the thriving market for e-learning and the increasing trend of higher demand for digitized books and other communication and publication material over paper-based ones. The resultant decline in the market for paper-based communication and publication media is expected to remain a key threat to the overall growth of the North America market for printing inks.

The market is also expected to bear the brunt of the vast and increasingly stringent emission-related regulations that prohibit the use of toxic metals such as cadmium, mercury, and lead and inorganic solvents for the preparation of printing inks. These metals and inorganic solvents are considered harmful for the environment as well as for human health are rapidly being replaced by organic products. The ensuing high costs from research and development activities for the formulation of organic products, with characteristics equally strong or better than solvent-based products, could lead to shrunken profit margins.

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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