Solvent-Based Printing Inks Market Opportunities, 2020-2030 - Thermal Inkjet Printing Presents Lucrative Opportunities due to Better Performance, Lower Costs and Ink Versatility

DUBLIN, March 23, 2020 /PRNewswire/ -- The "Solvent-Based Printing Inks Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

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 3.6% through 2023.

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.

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.

For instance, in April 2018, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, in June 2018, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink, which, when combined with a new method of printing and with varying lighting, hardens with the 3D printing object.

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.

China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem. Market players have already started facing challenges due to shortages of raw materials. For instance, 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.

Solvent-based printing ink companies are introducing thermal inkjet inks to cater to the growing demand. Thermal inkjet printing induces the ejection of the ink droplet by superheating a small portion of a solvent-based ink. Advantages of thermal inkjet printing include better performance, lower costs and ink versatility, especially in photo printing applications. For instance, the Collins Inkjet has developed a new solvent-based TIJ ink, Stratus, in August 2016. It has increased dot control, decap time, and optical density.

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, and Sakata INX Corporation.

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

• Cellulose Inks
• Epoxy Inks
• Vinyl Inks
• Vinyl-Acrylic Inks
• Polyurethane Inks

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

Companies Mentioned

• Bordeaux Digital PrintInk Ltd.
• Cinkarna Celje
• Coatings Pvt. Ltd.
• Dainichiseika Color & Chemicals Mfg. Co. Ltd.
• Flint Group
• Fujifilm
• Fujifilm Sericol India Private Limited
• Huber Group
• Lawson Screen & Digital Products Inc.
• Lawter Inc.
• Mirage Inks
• O Ecotextiles, Ink Solutions
• Royal Dutch Printing Ink Factories Van Son
• Sakata INX Corporatio
• SICPA Holding S.A.
• Siegwerk Druckfarben AG & Co. KGaA
• Stehlin Hostag UK
• Sun Chemical Corporation
• T&K TOKA Co. Ltd.
• Tokyo Printing Ink Mfg. Co. Ltd.
• Toyo Ink SC Holdings Co. Ltd.
• TW Graphics
• Yansefu Inks

For more information about this report visit https://www.researchandmarkets.com/r/chqgte

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