Solvent based Inks Market – Snapshot

Solvent drying plays an essential role in drying solvent-based inks in the process of manufacture of packaging material. It is carried out at the converter’s end. The solvent drying method is essential to avoid the migration of retained solvent in the final packaging material into the product, as the latter may be harmful for human health and also impact the organoleptic properties of the product.

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Solvent-based inks are primarily used for printing products that are to be employed outdoors due to their ability to adhere to non-absorbent materials. Solvent-based inks are fade proof, scratch resistant, and water proof; therefore, these are suitable for outdoor printing applications. Use of inorganic solvents and toxic metals such as cadmium, hexavalent chromium, lead, and mercury in printing inks has adverse effects on the environment.

Solvent-based inks take lesser time to dry compared to other organic solvent-based and water-based inks. This, in turn, increases their usage among end-users. Discouraging the use of such inorganic solvents is likely to have a negative impact on the global solvent-based ink market.

Implementation of various government regulations that limit the use of solvent-based products such as inks, rise in concerns over shifting consumer preferences toward ‘greener’ alternatives, and the effects of global warming are the major factors restraining the solvent-based inks market.

Various solvent-based ink manufacturers such as Dow Chemicals are focusing on developing low VOC versions of traditional solvents inks. These products possess properties and application characteristics similar to that of conventional solvent-based inks. Furthermore, bio-solvents are developed using renewable raw materials as feedstock, with reduced VOC emissions as compared to traditional solvent-based inks.

The global solvent-based inks market has been segmented based on printing technology, application, and region. Based on printing technology, the global solvent-based inks market has been classified into lithographic, gravure, flexographic, screen-printing, letterpress, and digital. The lithographic segment held leading share of the global solvent based-inks market in 2018. It is widely used across the globe to print large-volume applications such as pamphlets, brochures, newsletters, business cards, catalogs, postcards, full-color books folders, leaflets, company profiles, stationery, and company brochures.

In terms of application, the global solvent-based inks market has been divided into label & packaging, commercial printing, publication, and others (including wrapping paper, wallpaper, and textile). Packaging is a key segment of the global solvent-based inks market. Rise in need for flexible packaging in the food & beverages sector is expected to fuel the demand for packaging in the next few years. This, in turn, is anticipated to augment the global solvent based-inks market in the near future.

Based on region, the global solvent-based inks market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to remain a highly attractive region of the global solvent-based inks market during the forecast period. International players have shifted their production facilities to countries in Asia Pacific owing to easy availability of raw materials and skilled labor, and low manufacturing costs.

The solvent-based inks market is dominated by large players. Key players operating in the global market include Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, and Toyo Ink SC Holdings Co., Ltd. Other players operating in the market include Lawter Inc., Yansefu Inks and Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, SICPA Holding SA, Fujifilm Sericol India Private Limited, Royal Dutch Printing Ink Factories Van Son, and T&K TOKA CO., LTD.

Solvent based Inks Market – Overview

Solvent-based ink is a relatively inexpensive type of ink that is used in inkjet printers. It offers more resistance to chemical, mechanical, and external stresses vis-à-vis water-based inks. Solvent-based inks are used for the decoration of outdoor objects (in the signage industry), bottles, labels, and membrane switches. These inks are also employed in automotive and packaging industries.

Solvent-based inks are employed in the printing of products that are to be used outdoors due to their ability to adhere to non-absorbent materials. These inks also exhibit other characteristics. For instance, these inks are fade proof, scratch resistant, and water proof. Thus, solvent-based inks are suitable for outdoor printing applications.

The global solvent-based inks market has been segmented based on printing technology, application, and region. Based on printing technology, the global solvent-based inks market has been classified into lithographic, gravure, flexographic, screen-printing, letterpress, and digital. Solvent-based inks are widely used in lithographic, gravure, and flexographic printing inks primarily due to their ability to dry quickly and ease of adaptation on various substrates.

In terms of application, the global solvent-based inks market has been divided into label & packaging, commercial printing, publication, and others (including wrapping paper, wallpaper, and textile). The label & packaging segment dominated the global solvent-based inks market in 2018. Demand for solvent-based inks in the publication segment, which comprises newspapers, magazines, books, and catalogs, is expected to witness stagnant growth owing to the shifting trend toward e-commerce, and online publicity and publication.

Based on region, the global solvent-based inks market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a leading consumer of solvent-based inks in the world. Rise in consumption of solvent-based inks in Asia Pacific can be ascribed to the increase in demand for these inks, especially in the packaging sector. India is one of the rapidly growing economies in the world. Enactment of favorable government regulations and expansion of medium and small enterprises in India are estimated to boost the solvent-based inks market in the country in the near future. Europe and North America account for large share of the global solvent-based inks market. The market in these regions is likely to expand at a sluggish pace owing to the slow growth of end-use industries.

The report analyzes and forecasts the solvent-based inks market at global and regional levels. The market has been forecast in terms of volume (tons) and revenue (US$ Mn) from 2018 to 2027. The study includes drivers and restraints of the global solvent-based inks market. It also covers the expected impact of these drivers and restraints on the demand for solvent-based inks during the forecast period. The report also highlights growth opportunities for the solvent-based inks market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global solvent-based inks market. The Porter’s Five Forces model for the solvent-based inks market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein segments have been benchmarked by printing technology and application depending on their market size, growth rate, and general attractiveness. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for solvent-based inks in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The study includes profiles of major companies operating in the global solvent-based inks market. The solvent-based inks market is dominated by large players. Key players operating in the global market include Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, and Toyo Ink SC Holdings Co., Ltd. Other players operating in the market include Lawter Inc., Yansefu Inks and Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, SICPA Holding SA, Fujifilm Sericol India Private Limited, Royal Dutch Printing Ink Factories Van Son, and T&K TOKA CO., LTD.

Global Solvent-based Inks Market, by Printing Technology

  • Lithographic
  • Gravure
  • Flexographic
  • Screen-printing
  • Letterpress
  • Digital

Global Solvent-based Inks Market, by Application

  • Label & Packaging
  • Commercial Printing
  • Publication
  • Others (including Wrapping Paper, Wallpaper, and Textile)

Global Solvent-based Inks Market, by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • Extensive analysis of market trends from 2018 to 2027 to identify opportunities and market developments
  • Analysis of various printing technologies and applications wherein solvent-based inks are used
  • Identification of key factors responsible for building a roadmap for upcoming opportunities for the solvent-based inks market at the global, regional, and country levels
  • Comprehensive analysis with respect to investments and regulatory scenario that would subsequently impact the outlook and forecast for the global solvent-based inks market between 2019 and 2027
  • Detailed competition landscape of key players operating in the market to understand competition level
  • Porters’ Five Forces analysis to highlight the power of buyers and suppliers in the market
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