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.

The report analyzes and forecasts the market for printing inks on the global and regional level. Market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2014 to 2020. The study includes drivers and restraints of the global printing inks market. It also covers the impact of these drivers and restraints on demand for printing inks during the forecast period. The report comprises the study of opportunities in the printing inks market on the global and regional level. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global printing inks market. Analysis of Porter’s five forces model for the printing inks market has also been covered to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view of the global printing inks market by segmenting it in terms of product, process and applications. All the three segments have been analyzed based on present and future trends. The global printing inks market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also covers demand for individual application segments in all the regions.
 
The study includes profiles of major companies operating in the global printing inks market. Key players profiled in the report include Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO Ink Group, Sakata INX Corporation, ALTANA AG, Huber Group, T&K TOKA Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG and Royal Dutch Printing Ink Factories Van Son. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
 
The report provides the market size of printing inks for 2013, and forecast for the next six years. The global market size of printing inks has been provided in terms of volume as well as revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on various key application segments of printing inks. Market size and forecast for each major application is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape and outlook, etc. Furthermore, these help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global printing inks market into:
 
Printing Inks Market – Product Segment Analysis
  • Solvent-based printing inks
  • Water-based printing inks
  • Oil-based printing inks
  • Other printing inks (Including UV-cured Inks, etc.)
Printing Inks Market - Process Segment Analysis
  • Lithographic printing
  • Gravure printing
  • Flexographic printing
  • Digital printing
  • Other printing (Including letterpress printing, etc.) 
Printing Inks Market - Application Analysis 
  • Packaging 
  • Publication and commercial printing
  • Others (Including decorative printing, etc.)
Printing Inks Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Latin America, Africa and the Middle East)

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Printing Inks Market

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