Inkjet Colorants Market
Inkjet Colorants Market (Product - Pigments, Dyes; End use - Industrial, Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Inkjet Colorants Market - Snapshot
Inkjet colorants are pigments and dyes used as raw materials in the manufacture of inkjet inks. Inkjet colorants are available in different forms such as organic pigments, inorganic pigments, high-performance pigments, and synthetic pigments.
Rise in Usage of Inkjet Printing Technology Drives Inkjet Colorants Market
Inkjet printing technology is a type of digital printing technology. Analog printing technology is being replaced by digital printing technology. Several types of digital printing technologies such as laser printing and inkjet printing are available. The inkjet printing technology is extensively adopted for product quality, efficiency, and speed. Inkjet technology is beneficial for the printing of color digital pages of all sizes such as newspapers and magazines. Some advantages driving the adoption of inkjet printing is attributed to the usage of water-based inks, which can help reduce environmental damage from the printing process. Furthermore, water-based inks add little weight to the paper or substrate on which it is used. This helps reduce transport costs, mailing rates, and the cost to remove ink for recycling. Inkjet printing provides a larger scope to personalize designs of direct mail marketing campaigns to increase response rates.
Volatility in Availability and Price of Raw Materials Hamper Inkjet Colorants Market
A variety of raw materials such as carbon black, treating agents, sodium hydroxide, sodium chloride, and para chloro ortho nitro aniline are required to manufacture inkjet colorants. Some of these materials such as carbon black are manufactured by inkjet colorant manufacturers. However, they do not manufacture all the raw materials that are required. Therefore, inkjet colorant manufacturers depend on outside suppliers to meet their raw material requirements.
Raw material related reasons such as their availability and supply play an important role in the increase and decrease of inkjet colorant prices. For example, in 2018, inkjet colorant manufacturers such as Clariant Corporation and BASF SE increased prices of their pigments and dyes due to the rise in raw material prices.
Opportunities to Develop Nanotechnology-based Inkjet Colorants
Companies such as Jetcolor are developing technologies to produce nano dispersed pigments and inkjet colorants for manufacturing high-quality inkjet inks for a wide range of applications such as cartridges, textiles, and car coatings. Nanotechnology is being used for an array of purposes in printing inks. This includes the development of self-dispersing inkjet pigments. Use of nanotechnology in the development of inkjet colorants is expected to provide many benefits such as superior heat resistance of the inkjet printing inks. Currently, few companies have successfully developed inkjet colorants using nanotechnology. However, several companies are developing expertise in nanotechnology technology to manufacture improved inkjet colorants.
Pigments are Preferred Type of Inkjet Colorants
Pigments and dyes provide color to inkjet inks. Pigments are preferred over dyes. Colorants in dye-based inks dissolve completely in water, while those in pigment-based inks are insoluble particles suspended in water. Therefore, pigment-based inks last for a longer period of time as compared to dye-based inks. Additionally, pigment-based inks can be used on a wider variety of substrates than dye-based inks. Pigment-based inkjet inks are better than dye-based inkjet inks. For example, pigment-based inkjet inks are waterproof and more resistant to fading as compared to dye-based inkjet inks.
Industrial Segment Consumes Large Volumes of Inkjet Colorants
Inkjet printing is used in a variety of industries such as newspaper, magazines, textiles, graphic arts, plastics, and metals. These industries use inkjet printing technology to produce large amounts of end products such as signage, conductive circuitry, and textiles. Large output of manufacturing industries utilize large amounts of inkjet ink; therefore, demand for inkjet colorants is high. Furthermore, many companies are striving to develop new applications for inkjet printing technology in industries such as 3D printing.
Asia Pacific is a Major Consumer of Inkjet Colorants
In terms of region, Asia Pacific produces a majority of the world’s inkjet colorants. It is one of the largest exporters of inkjet colorants. It is also a major consumer of inkjet colorants. Asia Pacific manufactures large amounts and various types of goods and products. China is known as the manufacturing hub of the world. Manufacturing of many goods ranging from textiles to conductive circuitry requires inkjet printing technology. Asia Pacific is a major producer of goods. Hence, it also consumes large amounts of inkjet inks and inkjet colorants.
Moderately Consolidated Market
The global inkjet colorants market is moderately consolidated, with a few multinational companies accounting for significant share of the market. These companies have developed several brands of pigments and dyes that can be used to manufacture inkjet inks. They have also developed a vast network of distributors to penetrate the market in various countries and regions. Key multinational companies operating in the global inkjet colorants market include BASF SE, Nippon Kayaku Co. Ltd., DIC Corporation, and Clariant International AG.
Inkjet Colorants Market - Overview
Inkjet colorants are used as raw materials in the manufacturing of inkjet inks. Pigments and dyes are the two types of inkjet colorants. Different types of pigments include organic pigments, inorganic pigments, high-performance pigments, and synthetic pigments. Inkjet colorants occur naturally in the nature and can be synthesized in laboratories.
This report analyzes and forecasts the inkjet colorants market at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global inkjet colorants market. It also covers the impact of these drivers and restraints on demand for inkjet colorant products during the forecast period. The report also highlights opportunities in the inkjet colorants market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global inkjet colorants market. Porter’s Five Forces model for the inkjet colorants market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein products and end-use are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global inkjet colorants market by segmenting it in terms of product, end-use, and region. In terms of product, the global inkjet colorants market has been segmented into pigments and dyes. Based on end-use, the market has been bifurcated into industrial and commercial. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for inkjet colorant products in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of the inkjet colorants market for the base year 2017 and the forecast for the period between 2018 and 2026. Market numbers have been estimated based on product and end-use of inkjet colorants. Market size has been provided in terms of global, regional, and country level markets.
The report comprises profiles of major companies operating in the global inkjet colorants market. Key players operating in the inkjet colorants market are Cabot Corporation, DIC Corporation, BASF SE, and Nippon Kayaku Co. Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
- Inkjet colorants can be defined as pigments and dyes used as raw materials in the manufacture of inkjet inks. Inkjet colorants are available in different forms such as organic pigments, inorganic pigments, high performance pigments, and synthetic pigments.
- In terms of product, the pigments segment dominates the inkjet colorants market. Pigments are a preferred type of inkjet colorants, as they can be used on a wide range of substrates such as metals, plastics, and paper.
- Based on end-use, the industrial segment dominates the market, as a large volume of end-products are manufactured in the segment. This large volume of manufacturing also consumes a higher quantity of inkjet inks and inkjet colorants.
- Based on region, Asia Pacific is a key consumer of inkjet colorants due to the vast amount of manufacturing that takes place in the region
- Inkjet colorants is a relatively consolidated market with multinational companies, such as Cabot Corporation and DIC Corporation, accounting for significant share
- The global inkjet colorants market is likely to expand at a moderate pace, primarily due to the adoption of the inkjet printing technology in various industries such as paper, medicine, and electronics
The global inkjet colorants market has been segmented as follows: