Printing inks have proven to be a long run market in the printing industry till date. The importance of developing sustainable ink products remains as one of the major concern for printing inks manufacturer. From OEM equipment manufacturers to DIY consumers, low VOC inks are preferred all over. Due to the stringent laws and regulations coatings manufacturers have recognized the importance to deliver low and zero VOC products. Manufacturers are working even harder to develop high performance low VOC coatings that have specific application and are durable enough for extreme conditions. In February 2003, in response to the organizations like Leadership in Energy and Environmental Design (LEED) and Energy Star the first restriction on VOC emission was introduced which was termed as Restriction of Hazardous Substances Directive (RoHS) and was set up for Europe. Since then coatings manufacturers have been working tirelessly to produce more and more Printing Inks adhering to all laws and regulations.
Based on the type of formulations upon which Printing Inks are manufactured, this market is classified as water-borne, solvent based, oil based and others. Due to the rise in packaging sector, the use of water based inks has been increasing owing to its compatibility in this sector.
The Printing Inks market is classified based on type of formulation, application and geography. The applications which are taken into account are packaging, commercial, electronic, industrial, garment printing and others which are based on the importance and usage of printing inks all across the globe. The report also comprises of the region wise study of the global market including Americas, Europe, Asia-Pacific and Rest of the World.
The market of Printing Inks is growing in its forecast period of 2017-2021. However publication as well as packaging sectors are comprehended to witness a good CAGR of 4.97% and 4.18% respectively during the same period. Escalating demand for commercial publication growth along with many specific uses and increasing set of rules and regulations are set to drive the market in near future.
Sample companies profiled in this report are:
- The Sun Chemical Corporation,
- Huber Group,