The global lithography inks market was valued at US$ 8.4 Bn in 2017 and is projected to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Lithography Inks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Growth of the packaging industry is expected to augment the demand for lithography inks between 2018 and 2026. Increase in commercial printing and rapid urbanization in emerging countries are estimated to boost the global lithography inks market from 2018 to 2026.
Rise in
Demand for Lithography Inks in Packaging Industry to Drive Global Market
Significant growth in the packaging industry in developing economies and
rise in use of high quality printing inks are augmenting the adoption of
lithography inks. The packaging industry in Asia Pacific has expanded at a
rapid pace in the last few years. This trend is expected to continue during the
forecast period. Rapid industrialization and expansion in the packaging
industry in developing countries are driving the lithography inks market. The
packaging industry is a major consumer of printing inks. Growth in the food
& beverages sector and increase in demand for flexible packaging in the
health care sector are estimated to propel the demand for lithography inks in
the next few years.
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Solvent-based Segment Dominates Lithography Inks
Market
The global lithography inks market has been segmented based on ink type,
application, and region. In terms of ink type, the water-based segment is
projected to expand at a substantial pace during the forecast period owing to
the high demand for low emission and cost effective inks from various packaging
and textile manufacturers. Furthermore, implementation of stringent
governmental regulations pertaining to the environment are driving the demand
for water-based inks. The solvent-based segment held major share of the global
market in 2017, as these offer high productivity and superior printing
throughput. Solvent-based inks possess numerous features and functionalities.
Therefore, these are suitable for specialized printing needs. Quick drying and
high ink saturation features of solvent-based inks increase their requirement
in niche applications. This, in turn, is driving the solvent-based inks
segment. However, ink manufacturers are focusing on bio-based ink products
owing to the presence of stringent government regulations and rise in demand
for low VOC emitting inks.
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Commercial Printing is Highly Promising Application
Segment
Based on application, the commercial printing segment is projected to
expand at a significant pace during the forecast period. Lithography inks are
widely used in commercial printing applications such as advertising and
promotional activities. Their adoption is increasing in packaging applications
owing to their superior properties. Significant rise in commercial printing and
packaging print applications is likely to create opportunities for players
operating in the lithography inks market. Furthermore, textile and metal
printing segments are anticipated to offer immense opportunities for
manufacturers of lithography inks in the next few years.
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Market in Asia Pacific to Expand Significantly
The lithography inks market in Asia Pacific is expected to expand at a
significant pace during the forecast period. Rise in consumption of
solvent-based inks in developing economies such as India, China, Vietnam, and
Indonesia is expected to create lucrative opportunities for lithography ink
manufacturers in the next few years owing to rapid urbanization, growth in
population, expansion of the packaging industry, and rise in the number of
commercial printing applications. Additionally, increase in industrialization
in mature countries such as the U.S., Canada, and Germany is anticipated to
boost the lithography inks market in these countries during the forecast
period.
Key Players to Continue to Lead Global Market
The report provides profiles of leading players operating in the global
lithography inks market. These include INX International Ink Co., Flint Group,
Toyo Ink Co., Ltd., DIC Corporation, Cabot 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. Several companies operating in the global lithography inks
market engage in the expansion of lithography inks portfolio by improving existing
products and developing new products with superior features. They strategically
enter into long-term agreements with commercial printing, packaging, and
publication contractors to increase their market share.
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