Ink Resins Market Poised to Attain Global Revenue of $3,135 Million by 2023
The demand upsurge in the flexible packaging market is significantly driving the ink resins market, as noted by a new business intelligence resport from IndustryARC. The report estimates the global ink resins market value swell up to $3,135 million by the end of 2023, with the opportunities surplussing at a compound annual growth rate (CAGR) of 4.55% during the forecast period of 2018 to 2023.
The ink resins market research report
has provided a detailed assessment of all the major players in the industry
along with a peek into their market strategies and revenue share attributed to
each segment. Furthermore, IndustryARC’s analyst has listed the trends,
opportunities, and challenges with relevant facts, figures, and statistics that
will provide information pertaining to the dynamics in the ink resins market. The
report is titled, “
Ink Resins Market: By Type (Modified Rosin, Polyamide,
Polyurethane, Others); By Technology (Water-Based, Solvent-Based, Oil-Based,
UV- Curable); By Process (Lithographic, Flexographic, Others); By Application
(Flexible Packaging, Corrugated Cardboard & Folding Cartons, Printing &
Publications, Others) & By Geography –
Ink Resins Market: Leading Segments
In 2017, APAC had the largest ink resins market share with an impressive valuation of $1018.15 million. This is much attributed to the demand influx generated from the packaging industry in the region because of the growth of the food and beverages industry. The countries in the Americas are observing a continuous demand for flexible packaging which is creating a discernible demand for ink, and therefore, the region observed a significant geographic ink resins market revenue share in 2017.
The ink resins market intelligence report digs into each segment of the industry with revenues along with the factors that are driving all the segments. Apart from flexible packaging application segment of the ink resins market, the corrugated cardboard & folding carton segment is poised to observe growth at a CAGR of 4.18% through to 2023. This is attributed to the advancements in the packaging industry and the palpable influence from the e-commerce and logistics sector which is creating the need for the same.
Ink Resins Market: Trends and Growth Drivers
Making Strides in the Ink Resins Market –
As mentioned earlier, with the augmented demand for flexible packaging across the globe, there is a trend of using flexographic inks. The future foresees further increment in the flexible packaging segment of the packaging industry which will lead to an enhanced demand for flexographic inks that will significantly drive the ink resins market.
Resins to Observe Growth –
Non-reactive polyamide ink resins are found to be compatible with other resins of co-solvent series and good resistance to deep freeze temperatures. Evidently, there are products that are kept in cold storage for a long time and the packaging of the same is printed with non-reactive polyamide ink resins which are now prevalently used.
Disrupting the Ink Resins Market –
The graphics industry is creating a demand for UV digital inks which rely on photo initiators. UV LED digital inks with intense bright colors are used for printing on PVC vinyl. This trend will witness further growth in the future.
Gaining Traction in the Ink Resins Market –
Due to the depletion of conventional sources of energy, there is a palpable emphasis on the application of renewable sources such as solar energy. Nowadays, conductive inks that use solar cells are prominently used in print electronics, which is disrupting the ink resins market.
and Quality of Ink Resins –
There is an improvement in the quality of ink resins over the year, and moreover, the application has become cost-effective for the end-users. The future foresees more innovations in the ink resins market, which will provide all the application segments with better quality inks in a relatively lesser cost.
Ink Resins Market: Competitive Landscape
Some of the key companies identified in the ink resins market intelligence report that are striving to capitalize on the customer-base are BASF SE, Koninklijke DSM N.V., Kraton Corporation, Lawter, Inc., Harima Chemicals Group, Inc., Arakawa Chemical Industries, Ltd., Indulor Chemie GmbH, Sun Chemical Corporation, Flint Group, Hydrite Chemical Co., and Yuen Liang Industrial & Co. Ltd.
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UV Curing Ink Resins Market
Conductive Inks Market
What can you expect from the report?
The ink resins market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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