The introduction of UV curable Inks has increased automation in industries associated with manufacturing. UV curable inks do not contain any solvents that require evaporation during curing. UV curable inks have become an alternative for water-based inks due to their ability to fit over different substrates. They are widely used in the printing, publication and medical industries. According to a report by Adhesives Magazine, the UV curable inks market is expected to grow at a CAGR of 15.7% during 2015-20.
PRINTING INKS MARKET TO REACH $206 BILLION BY 202 ACCORDING TO THE BUSINESS RESEARCH COMPANY.
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The Business Research Company expects the global printing inks market to grow to $206 billion in 2020. Asia was the largest region in the printing inks market in 2016, accounting for a half of the market share. Asia is the largest market because its sustained economic growth rate is leading to increasing demand for consumer goods, e-commerce, and packaged food which ultimately drive the printing inks industry.
The chart below shows the year-on-year growth of the global printing inks market during 2016 - 2020.
According to The Business Research Company’s Chemicals Consultant, the packaging printing industry is growing rapidly due to increases in the demand from toiletries, food & beverages, healthcare and other industries. Growing demand for digital printing due to the need for high quality printing at a low cost has led to increase in the demand for packaging printing. The packaging printing industry is expected to grow at a CAGR of 6.2% from 2016-20 and is expected to reach $587.1 billion by 2020.
DIC Corporation is the largest company in the printing inks industry with revenues of $6.8 billion for the financial year 2015. DIC’s growth strategy is to increase its share in the packaging liquid inks segment; it is planning to build new plant in Turkey to increase its volume. Sun Chemicals and its parent company, DIC, have acquired Kingfisher Colours Limited, a privately-owned decorative cosmetics color manufacturer based in Reading, the UK. With the acquisition, Sun Chemicals will expand its leading global position in the decorative colour cosmetics marketplace.
Printing inks are liquids that contain pigments or dyes that are used to produce images, text and designs with a printing machine. They are widely used in letterpress and lithographic printing.
The printing inks industry comprises establishments which primarily engage in manufacturing printing and inkjet inks and inkjet cartridges.
Printing Inks consist of a pigment or pigments of the required color mixed with oil or varnish; a blank inks made from carbon blacks is mixed with thick linseed oil or similar oil often with rosin oil and rosin varnish added.
Inkjet Inks consist of a base carrier such as water, oil or solvent, and colorants such as dyes or pigments and small amounts of chemical additives to provide some unique characteristics. There are two types of inkjet inks – dye based inks and pigment based inks.
Inkjet cartridge is a component of an inkjet printer that contains the inks that are deposited onto paper during printing. Each ink cartridge contains one or more ink reservoirs; some producers also add electronic contacts and a chip that communicates with the printer.
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The printing inks industry procures raw materials such as pigments, resins, solvents and additives to process in forming inks as an end product that is used for printing. Printing inks marketing companies sell these products globally to individual customers and commercial establishments through retail stores, distributors and e-commerce websites. In some cases, companies sell these products directly to individual customers and commercial establishments.
Printing Inks Global MarketBriefing is a detailed report giving a unique insight into this market. The report is priced at $750 for an individual user. To use across your office the price is $1000 and $1350 if you wish to use across a multinational company.
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