The global ink additives market was valued at US$ 2.2 Bn in 2017 and is anticipated to expand at a CAGR of more than 5.0% from 2018 to 2026, according to a new research report published by Transparency Market Research (TMR) titled ‘Ink Additives Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Printing ink manufacturers use ink additives as raw materials to impart various characteristics to printing inks. These characteristics include different viscosities, thicknesses, resistance to the environment, and smooth running on the printing press.
Rising Awareness about Benefits of Packaging to
Boost Market
All goods require packaging. Packaging is an important factor
influencing the purchasing decision of consumers. Packaging protects goods from
incorrect handling, harsh environments, and transportation. Attractive
packaging plays an important role in selling of goods. Manufacturers as well as
consumers have started realizing these benefits of packaging. As a result, the
global packaging industry has expanded at a considerable pace in recent years.
The trend is expected to continue during the forecast period. All types of
packaging require printing inks and all printing inks require ink additives as
one of the raw materials. Thus, increased awareness regarding packaging is
expected to drive the global ink additives market during the forecast period.
Request PDF brochure
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=62451
Digitization to Negatively Affect Ink Additives
Market
Digitization refers to the development of text and pictures in the
digital form. Development of computers, smartphones, and high-speed Internet
has accelerated the digitization process. Several textbooks, novels,
illustrative books, etc. are currently available on the Internet. Even
marketing campaigns no longer require printing of any materials and they can be
conducted entirely online. The trend of e-commerce is growing at a rapid pace
across the world. Digitization across several sectors, such as e-commerce,
books, and marketing, has hampered the publication & commercial printing
industry. In turn, substantial decrease in paper-based communication is likely
to restrain the global ink additives market during the forecast period.
Close Collaboration between Printing Ink
Manufacturers and Ink Additive Manufacturers
Various types of ink additives are available in the market. They include
surfactants, waxes, defoamers, and dispersants. They offer different
end-results. For example, surfactants improve the wetting of pigments or
substrates; waxes promote rub resistance; and plasticizers enhance the
flexibility of printed films. Ink additives can be manufactured according to
the precise requirement in terms of the final printing ink. Ink additives can
even be customized for specific applications, such as packaging, publishing,
and commercial printing, or printing processes such as lithography,
flexography, gravure, and digital printing.
However, development of custom ink additives is only possible through
close collaboration between printing ink manufacturers and ink additive
manufacturers. Such collaborations present lucrative opportunities for ink
additive manufacturers.
More Trending Reports
Global Ink Additives Market Segmented based on
Type, Printing Process, Printing Ink, Application, and Region
In terms of type, the global ink additives market has been segmented
into wetting agents, rheology modifiers, and others, with the wetting agents
segment accounting for a prominent share of the market. Dispersants and
defoamers are leading sub-types of wetting agents, with the dispersants
sub-segment accounting for a leading market share. The wide range of properties
imparted to printing inks by wetting agents have led to the wetting agents
segment gaining a major share of the global ink additives market. Based on
printing process, the market has been segregated into lithography, flexography,
gravure, digital, and others. The flexography segment holds a key share of the
market, primarily because the flexographic printing is widely employed in end-user
industries such as packaging.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=62451<ype=S
In terms of printing ink, the global ink additives market has been
segmented into water-based, solvent-based, and UV-cured. A large share of ink
additives is consumed by solvent-based printing inks. In terms of application,
the market has been segregated into packaging, publishing, commercial printing,
and others. Packaging is the primary application of ink additives. Furthermore,
with rising awareness regarding significance of packaging, share of the
packaging segment in the global ink additives market is expected to increase in
the near future.
In terms of region, the global ink additives market has been divided
into North America (the U.S. and Canada), Latin America (Brazil, Mexico, and
Rest of Latin America), Europe (Germany, the U.K., France, Italy, Spain, Russia
& CIS, and Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, and
Rest of Asia Pacific), and Middle East & Africa (GCC, South Africa, and
Rest of Middle East & Africa). Asia Pacific is the leading consumer of ink
additives, due to the large amount of printing ink production taking place in
the region.
High Level of Competition in Moderately
Consolidated Market
Ink additives is a moderately consolidated market with the presence of a
few key multinational players such as BASF SE, The Dow Chemicals Company,
Evonik Industries, and Altana AG. It is also a mature market with the presence
of established players. This makes entry of new companies relatively difficult.
Several large companies in the market have adopted the strategy of new product
development to compete effectively in the market. For example, Evonik
Industries has obtained access to innovative technologies through its corporate
venture capital activities.
Request Discount
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=62451
About
Us
Transparency
Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive blend of
quantitative forecasting and trend analysis provides forward-looking insight
for thousands of decision makers. TMR’s experienced team of analysts,
researchers, and consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research experts so
that it always reflects the latest trends and information. With extensive
research and analysis capabilities, Transparency Market Research employs
rigorous primary and secondary research techniques to develop distinctive data
sets and research material for business reports.
Contact
90 State
Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Comments
Post a Comment