Market Overview:
Resins are one the major components of inks such as solvent,
additive and pigments. Ink Resins are majorly used to manufacture printing
inks. The Resin offers some important features to the ink including dispersion
of the pigments and prevention of its re-agglomeration. The resin acts as a
pigment binder which provide quick and long-lasting adhesion to the particular
substrate. In addition to this, the resin also provides the required viscosity
or flow to the ink which facilitates easy transfer of ink from press to
substrate. Moreover, the resin adds to the luster, drying speed and resistance
properties of an ink. The Global Printing Ink Market for packaging has been
estimated to register a CAGR of 6% owing to the rising global demand for label
packaging, which provides nutritive and product information. The color, design
and appearance of the ink print acts a decisive factor when it comes to allure
the customers. This is projected boost demand for the Ink Resin in the coming
years. Moreover, increasing demand for flexible packaging, folding cartons,
corrugated cardboard, promotion, and other applications will be the key
influencing factors for the Global Ink Resins Market Trends. However, there are
some factors that hamper growth of the market such as the fluctuations in the
crude oil prices, cost intensive nature of new technologies and shift from
traditional to digital market.
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Competitive Analysis:
Key players in the Global Ink Resins Market Trends are
Lawter (The U.S.), BASF SE (Germany), Royal Dsm N.V. (The Netherlands),
DowDuPont (The U.S.), Evonik Industries AG (Germany), Hydrite Chemical (The
U.S.), Arizona Chemical Company, LLC. (The U.S.), Arakawa Chemical
Industries,Ltd. (Japan), Indulor Chemie Gmbh (Germany), and IGM Resins, Inc.
(The Netherlands), among others.
Market Segmentation:
The Global Ink
Resins Market Trends is broadly segmented on the basis of product type,
printing process, application, and region. Based on the type, the market is
categorized into modified resin, acrylic, cellulose, polyamide, polyurethane,
hydrocarbon, and others. Wherein, the modified resin segment is dominating the
market due to the flexibility of application and operation offered by this type
of ink resins, along with growing research in order to develop innovative
polymer to meet ever increasing scope of applications in this market.
On the basis of printing process the market is divided into
lithographic, flexographic, gravure, letterpress, and digital printing process.
Lithographic printing process segment is holding major share of the market,
which is mainly attributed to the cost effective nature of this technology.
By Application, the Global Ink Resins Market Trends
is classified into printing & publication, corrugated boards, flexible
packaging, and others. Among these applications, printing & publication
segment is growing the highest rate on account of growing demand of flexible
packaging, surging trend of super market shopping and vast spread print media.
Regional Analysis:
There are five major regions in which the Global Ink Resins
Market Trends is divided into: Asia Pacific, Europe, North America, the Middle
East & Africa, and Latin America. Asia Pacific is set to dominate the
market. It held over 40% share of the market, as of 2016. The region is
anticipated to remain dominant in both production and demand of Ink Resins.
Growing consumer awareness and favoring regulatory trends in this region are
driving growth of the market during the forecast period. India, Japan, and
China are the leading markets in this region. North America is holding the
second major share of the market. The U.S is anticipated to hold the largest
share in this market owing to the presence of some leading market players and
substantial end users such as foods & beverages and packaging industry.
Europe is following North America in terms of market size, with Germany, the
U.K and France holding considerable share of the market. This region is
witnessing a growth due to some strategic initiatives on part of regulatory
agencies. The Middle East & Africa is a swiftly growing market where the
growth is driven by the demand from foods & beverages and tourism industry.
Latin America is anticipated to witness a rise in the regional market due to
the pacifying political and reviving economic situation.
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