Global Solvent-Based Printing Inks Market Report (2019 to 2023) - CAGR of 3.60% Expected During the Forecast Period - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 14, 2020--
The “Solvent-Based Printing Inks Global Market Report 2020” report has been added to ResearchAndMarkets.com’s offering.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider solvent-based printing inks market, and compares it with other markets.
The global solvent-based printing inks market was valued at about $10.77 billion in 2019 and is expected to grow to $12.43 billion at a CAGR of 3.60% through 2023.
The solvent-based prinitng inks market covered in this report is segmented by type into cellulose inks, epoxy inks, vinyl inks, vinyl-acrylic inks, polyurethane inks.
Western Europe was the largest region in the solvent-based printing inks market. This region is expected to remain the largest during the next five years. The solvent-based printing inks market in South America is forecasted to register the highest CAGR during 2018-2023.
3D technology will be a driver of the solvent-based printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks such as solvent-based inks. Unlike 2D inks which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices.
A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the solvent-based printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution.
In May 2018, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing inks supply due to global raw material shortage resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories. Again, in July 2018, printing ink manufacturer Hubergroup announced an increase in prices for all energy curing inks and varnishes across Europe and the Americas with immediate effect due to shortages of raw materials.
Major players in the market are Tokyo Printing Ink Mfg.Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Lawter Inc., Yansefu Inks, Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporatio
Key Topics Covered:
1. Executive Summary
2. Solvent-Based Printing Inks Market Characteristics
3. Solvent-Based Printing Inks Market Size And Growth
3.1. Global Solvent-Based Printing Inks Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Solvent-Based Printing Inks Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Solvent-Based Printing Inks Market Segmentation
4.1. Global Solvent-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Solvent-Based Printing Inks Market Regional And Country Analysis
5.1. Global Solvent-Based Printing Inks Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Solvent-Based Printing Inks Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/1x0f5
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SOURCE: Research and Markets
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PUB: 02/14/2020 06:14 AM/DISC: 02/14/2020 06:13 AM