NEW YORK, March 20, 2017 /PRNewswire/ -- "The ink additives market is projected to register a CAGR of 4.9% during the forecast period in terms of value"
The global ink additives market is projected to reach USD 793.6 million by 2021, at a CAGR of 4.9% from 2016 to 2021, in terms of value. The global ink additives industry is witnessing growth on account of increasing applications, technological advancements, and increasing demand in the Asia-Pacific region, mainly from China, Japan, and India. The single most long term growth potential for ink additives in the packaging segment is from the rapid urbanization, increasing disposable incomes and growing preference for easy and compact packaging among consumers. However, the costs incurred across the value chain are a major concern in the ink additives market.
"Demand for dispersants is expected to witness fastest growth over the next five years"
A dispersant helps to stabilize the suspension of pigments in varnish. It assists in the dispersion of fine solid particles into a liquid phase. The pigment dispersant prevents agglomeration by weakening the intermolecular forces. To achieve complete intensity of color and maximum gloss, pigments must be distributed evenly. Fully distributed pigments help to increase shelf life stability and reduce the tendency of the varnish to flocculate or agglomerate.
"Solvent-based technology represents the bulk of the demand for ink additives"
The additives used in the solvent-based technology are very low in comparison to water-based and UV-based technologies. Though many solvent-based inks are being phased out, they continue to be used by companies due to their low cost during the entire printing ink manufacturing process.
"Asia-Pacific ink additives market is expected to witness significant growth over the forecast period"
Factors influencing the overall demand in the packaging industry in the Asia-Pacific region include an increasing demand for packaging that arises for food products, such as meat and seafood, along with the rise in the beverage industry due to the increasing consumption of soda, soft drinks, tea, and coffee. In addition to this, the rising demand for corrugated packaging is affected by the rapid expansion of the e-retail industry. This is expected to drive the growth of the ink additives market in the Asia-Pacific region.
In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:
- By Company Type: Tier 1 (48%), Tier 2 (40%), and Tier 3 (12%).
- By Designation: C-level (67%) and Manager Level (33%)
- By Region: North America (25%), Europe (8%) Asia-Pacific (50%), and rest of the world (17%).
The key players considered in the report are:
1. ALTANA AG
2. BASF SE
3. Evonik Industries
4. Dow Corning
5. Elementis Plc
6. Huntsman Corporation
7. Solvay S.A.
8. Munzing Chemie GmbH.
9. Shamrock Technologies
10. Lawter B.V.
11. Croda International
12. PolyOne Corporation
13. Keim Additec Surface GmbH
16. Honeywell Corporation
This report covers the ink additives market, both, in terms of volume and value, and forecasts the market size till 2021. The report includes the market segmentation based on type, technology, process, application, and region. It also provides company profiles and competitive strategies adopted by the key players in the global ink additives market.
Key benefits of buying the report:
This research report is focused on various levels of analyses—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the ink additives market; high-growth regions; and market drivers, restraints, and opportunities.
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