Global Printing Inks Market: Players Focus on Product Development and Improvement to Outsmart Competitors, finds TMR
In a moderately fragmented competitive landscape, the eight most prominent companies dominate almost half the global printing inks market . The top eight companies are Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical Corporation, ALTANA AG, Flint Group, TOYO Ink Group, Sakata INX Corporation, Huber Group, and T&K TOKA Corporation. They have identical shares in the market. Most of them have integrated backwards to ensure steady flow of raw materials. With a host of raw material suppliers, the market players find it easy to procure raw materials at reduced prices. Providing stiff competition to the established players in the market are new entrants who are enticing consumers with eco-friendly printing inks. Other noticeable trends in the global market for printing inks are continued product development, product improvement, and acquisitions of smaller players by global giants in order to expand their geographical footprints. A report by Tr...