Lithography Inks Market
Lithography Inks Market (Ink Type - Water based, Solvent based; Application - Commercial Printing, Packaging, Publication) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Lithography Inks Market - Snapshot
Printing inks are colored pastes that are formulated to transfer and reproduce an image from a printing surface. These inks are applied in thin films on many substrates such as paper, metal sheets, paperboards, and others. Printing inks can be designed to offer protective, decorative, and communicative functions. In some cases, combinations of these functions is achieved. Raw materials used in printing inks include pigments, resins, solvents, additives, and colorants. Various types of printing inks are used in the day-to-day life. These include flexography, screen, lithography, gravure, and digital. Of these, lithography is the dominant type of printing ink. Lithography, also known as offset lithography, is an offset process. Lithography ink is used for lithography printing. Lithography printing requires inks such as water-based, solvent-based, and others. Screen printing is employed for garment printing and other applications in industries such as automotive, textile, and food & beverages. Lithography printing is an important printing process used in various packaging printing applications. Its popularity can be attributed to its high versatility in terms of printing on a wide range of substrates. Lithography inks exhibit high adherence to the substrate surface and offer excellent printing quality, irrespective of the material of the substrate. Lithography ink is also an ideal choice for printing large volume of materials.
Expansion in the packaging industry and increase in demand for lithography inks for large-volume printing applications are key factors driving the lithography inks market. The packaging industry is constantly evolving. Therefore, printing has gained a strong foothold in the industry. Furthermore, packaging is considered a highly important aspect of marketing and advertising, which influences the consumer’s purchasing decision. The packaging industry is a major consumer of printing inks. Growth of the food & beverages sector and increase in demand for flexible packaging in the health care sector are expected to boost the demand for lithography inks in the next few years. Additionally, demand for lithography printing is largely driven by the rise in output of the packaging industry. Rapid urbanization and changing trends in the packaging printing industry are propelling the lithography printing process. This, in turn, is boosting the lithography inks market.
The global lithography inks has been segmented based on ink type, application, and region. In terms of ink type, the market has been divided into water-based, solvent-based, and others (including hybrid inks and UV-cured). The solvent-based segment dominated the market in 2017. Demand for petroleum-based solvents has been decreasing due to the increase in number of regulations over VOC emissions from paints and coatings, printing inks, and industrial and domestic cleaning products; and rise in environmental awareness. Less harmful and environment-friendly solvents are replacing petroleum-based solvents.
In terms of application, the lithography inks market has been segregated into commercial printing, packaging, publication, and others (including textile and metal). Lithography inks are widely employed in the packaging sector owing to their high quality, cost effectiveness, and flexibility. Furthermore, demand for lithography inks is largely driven by the rise in output of the packaging industry. Lithography inks are used in packaging, as photographs or complex color details that require full color prints are effectively printed using the lithography process. Additionally, introduction of new designs and economic production are key factors driving the packaging printing ink market. This, in turn, is estimated to boost the lithography inks market. Advancements in technologies are also projected to fuel the lithography inks market during the forecast period.
In terms of region, the global lithography inks has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Demand for lithography ink was high in Asia Pacific in 2017. Economic growth, changing lifestyle, and rise in urbanization in China, Vietnam, and India are fueling the lithography inks market in Asia Pacific. The market in North America has matured due to the significant consumption of lithography inks in the advertising & promotion application in the region. 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 is expected to be a key region of the global lithography inks market during the forecast period due to growth of end-use sectors and increase in industrialization in the region. This is projected to create significant opportunities for lithography inks manufacturers in the near future, primarily in the commercial printing sector in emerging countries.
Key players operating in the global lithography inks market include INX International Ink Co., Flint Group, Toyo Ink Co., Ltd., DIC Corporation,, Siegwerk Druckfarben AG & Co. KgaA, FUJIFILM Holdings America Corporation, HuberGroup, Tokyo Printing Ink Mfg. Co., Ltd., T&K Toka Co., Ltd., and Wikoff Color Corporation.
Lithography Inks Market - Overview
This report analyzes and forecasts the lithography inks market at the global and regional levels. The market has been forecast in terms of volume (kilo tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global market. It also encompasses the impact of these drivers and restraints on the demand for lithography inks during the forecast period. The report also highlights growth opportunities in the global lithography inks market.
The report comprises detailed value chain analysis, which provides a comprehensive view of the global lithography inks market. The Porter’s Five Forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein ink type and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global lithography inks market by segmenting it in terms of ink type and application. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand for lithography inks in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for these inks in individual ink type and application segments across all the regions. Key players operating in the global lithography inks market include INX International Ink Co., Flint Group, Toyo Ink Co., Ltd., DIC Corporation, Siegwerk Druckfarben AG & Co. KgaA, FUJIFILM Holdings America Corporation, HuberGroup, Tokyo Printing Ink Mfg. Co., Ltd., T&K Toka Co., Ltd., and Wikoff Color Corporation. Market players have been profiled in terms of company overview, financial overview, business strategies, and recent developments.
The report provides size (in terms of volume and value) of the lithography inks market for the base year 2017 and forecast for the period between 2018 and 2026. Market numbers have been estimated based on ink type and application segments of the market. Market size and forecast for each ink type, and application segment have been provided for the global and regional markets.
In-depth interviews and discussions have been conducted with a number of key market participants and opinion leaders to compile this research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various end-use industries have been reviewed for competition analysis and market understanding. Secondary research also includes search of recent trends, trade publications, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proved to be a reliable, effective, and successful approach for obtaining precise market data, capturing market participants’ insights, and recognizing growth opportunities.
- Extensive analysis of the global lithography inks market trends from 2018 to 2026 to identify growth opportunities and analyze market developments
- List of key developments made by leading players in the global lithography inks market
- List of major factors useful for building a roadmap of upcoming opportunities in the lithography inks market at the global, regional, and country levels
- Comprehensive analysis with respect to investments and trends that would impact the outlook for the global digital inks market between 2018 and 2026
- Insights into growth opportunities for various stakeholders in the market value chain and a detailed competition landscape of key players operating in the market to help understand the competition level
- Porter’s Five Forces analysis that highlights the potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions