Printing Inks Market
Printing Inks Market (Solvent-based Printing Inks, Water-based Printing Inks, Oil-based Printing Inks and Others) by Process (Lithographic Printing, Gravure Printing, Flexographic Printing, Digital Printing and Others) for Packaging, Publication and Commercial Printing and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Press Release :
Global Printing Inks Market – Overview
Printing inks are now an indispensable part of our day to day lives. They are utilized for several different purposes of printing in several different sectors. These printing inks small pigments that are integrated with varnish or oil in order to get the desired effect. The launch of several different new products, services, and solutions in the North America printing inks market has been the key factor for its overall development in recent years. As per the research report published by Transparency Market Research, the North America market for printing inks was initially valued at US$5.3 bn in the year 2015. The market is expected to reach a valuation worth US$8.7 Bn by the fall of 2024. During the given forecast period ranging from 2016 to 2024, the North America printing inks market is expected to grow at a healthy CAGR of 5.70%.
Printing inks are mostly used in thin films and a broad range of substrates such as paper boards, paper, and metal sheets among others. These inks are also utilized for other operations such as decorative purposes, protecting surfaces, and primarily for communicative functions as well. These printing inks are manufactured from resins, solvents, pigments, and additives. Whereas, the colorants are made from pigments, toners, dyes, or blending all the mentioned materials.
Oil-based Printing Ink to Witness Increasing Demand
Because of the increasing concerns over the deterioration of the environment, the North America printing inks market is trying to concentrate on producing bio-based printing inks. The demand for these printing inks is directly reliant on the costs of crude oil. Hence, constant fluctuations in the prices of crude oil across the world has a considerable impact on the overall development of the North America market. The overall market growth is also helped by the increasing demand for UV-cured ink, increasing number of consumers, and the growing spending and economic power of consumers on wide range of products. Among the different type of products available in the printing inks market, the segment of oil-based printing inks is expected to account for a dominant share. This dominance of the segment is because of its increasing and extensive demand from commercial sector for application such as publications and others. The segment of oil-based printing ink in the North America market accounted for 39.9% of the overall share in the year 2015.
Offset Printing to Remain Most Dominant Application Segment
Based on application, the North America market for printing inks is segmented into screen printing, specialty printing, offset printing, digital printing, gravure printing, and flexographic printing. Among these, the segment of offset printing is expected to account for the largest share in the North America market. It accounted a 41.2% share in 2015 and was closely followed by the segment of flexographic printing. Increasing preference for offset printing because of its several advantages such as consistent and high quality of image output is one of its key driving factors. On the other hand, the segment of lithography is increasingly used for printing procedures by numerous independent companies.
In terms of end users, the segment of packaging accounted for 46.5% share of the overall North America printing inks market. The other segments such as textiles, commercial printing, metal cans, publication, and others are expected to witness a decent growth in the near future.
The leading players operating in the North America printing inks market are Siegwerk Druckfarben AG & Co. KgaA, INX International Ink Co., Flint Group, Sun Chemical Corporation, Wikoff Color Corporation, Toyo Ink America, LLC, American Ink and Coatings, DuPont, Huber Group, Electronics For Imaging, Inc., Sanchez SA de CV, Quad Graphics Inc., and FUJIFILM Corporation.
- Solvent-based printing inks
- Water-based printing inks
- Oil-based printing inks
- Other printing inks (Including UV-cured Inks, etc.)
- Lithographic printing
- Gravure printing
- Flexographic printing
- Digital printing
- Other printing (Including letterpress printing, etc.)
- Publication and commercial printing
- Others (Including decorative printing, etc.)
- North America
- Asia Pacific
- Rest of the World (Latin America, Africa and the Middle East)