Overview:
Ink additives Industry find great utility in enhancing ink’s performance while formulation process is on. These additives are known for their water resistance, adhesion on printing substrate, high stability, and cost-effective solution. Several types of additives like dispersing & wetting agents, foam control additives, rheology modifiers, and slip/rub materials among others find application in the manufacturing of these additives. The global Ink Additives Industry is all set to expand with 5.7% CAGR to surpass a valuation around USD 2.06 billion during the forecast period (2022-2030). Market Research Future (MRFR) claimed that strong factors are expected to provide tailwind to the global ink additives market.
Factors, such as packaging, printing, and commercial printing industry, are expected to provide substantial market boosters. The packaging industry has high market traction due to growth in logistics and e-commerce. Several industries are exploring various packaging options to stay updated with real-time data. That is what makes this ink additives market all the more integral. On the other hand, in the print industry, the digitalization has taken substantial command, which is pervading the commercial printing industry as well. Magazines, newspapers, and other formats are also pushing the demand for such ink additives further ahead.
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Segmentation:
MRFR’s intense review of the global ink additives market relies much on segments like types, process, technology, and application. These segmentations are backed by volume-wise and value-wise arguments that were adeptly dealt by experts in the report.
By types, the global ink additives market comprises rheology modifiers, dispersing & wetting agents, foam control additives, slip/rub materials, and others.
Based on the process, the global ink additives market consists gravure, flexographic, lithographic, digital, and others. The digital medium is anticipating strong tailwinds.
By technology, the global ink additives market includes water-based, solvent-based, and others. The water-based segment is expected to grow remarkably due to global inclination towards chemical-free products.
Based on the application, the global Ink additives market comprises publishing, packaging, and commercial printing. The packaging industry is burgeoning due to growing e-commerce and logistics industry. The packaging segment includes flexible, labels & tags, rigid, and others. Meanwhile, the labels & tags segment is expected to fetch in notable revenue. On the other hand, publishing segment encompasses newspaper, magazines, and others.
Regional Outlook
Geographically, Asia Pacific took the largest market share in the global ink additives market. Regions such as India and China are some of the largest consumer and producer of the product. Growing research and investment in nanotechnology, availability of experts, low material costs are some of the important factors driving the global ink additives market in the region.
Europe and North America are other potential regional markets for ink additives. Water-based technology is majorly used in regions such as the U.S. and Germany owing strict regulatory policies associated with ink additive market.
Major Players
The key players driving the global ink additives market comprise BASF SE, Evonik Industries, ALTANA AG, Elementis Plc, Harima Chemicals Group, Shamrock Technologies, Raybo Chemical Company, Allnex, Solvay S.A, Lubrizol, Croda International Plc., Honeywell International Inc, Clariant, and Polyone Corporation.
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Industry Updates
Coatex, leading manufacturer of rheological additives has announced a realignment of coatings additive distribution in North America. Distributors for rheological additives used for adhesives & sealants, paints, and coatings will be rearranged. The trade names of the products included in the move are Coapur, Thixol, Rheotech, Coadis, Polyphobe, VIscoatex, and Ecodis. Owing to current changes in chemical distribution in North America, the company decided to shuffle and change the distribution channels. The new distributors will serve expertise and resources to distribute the solutions to the customers.
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The ink additives market size is estimated at USD 1.5 billion in 2018 and is projected to reach USD 2.0 billion by 2023, at a CAGR of 5.2%.
This growth is attributed to the increasing applications, technological advancements, and increasing demand from Asia Pacific, mainly from India, China, and Southeast Asian countries.
In addition, the growing e-commerce business in APAC is expected to increase the demand for corrugated boxes and boards, thereby driving the ink additives market.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156703804The solvent-based technology dominates the ink additives market.Solvent-based technology is used globally owing to its low cost.
Major manufacturing companies are focusing on all solvent-based products for gravure and flexographic processes.
Water-based technology is preferred over solvent-based in developed countries such as the US and Germany, where there are stricter regulatory norms to follow.
Solvent-based ink additives are still very common in economies such as China, India, Brazil, and Southeast Asia countries.
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