Global Ink Additives Market Size By Type (Foam Control Additives, Rheology Modifiers), By Process (Digital, Flexography), By Application (Commercial Printing, Packaging), By Geographic Scope And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Ink Additives Market Size By Type (Foam Control Additives, Rheology Modifiers), By Process (Digital, Flexography), By Application (Commercial Printing, Packaging), By Geographic Scope And Forecast
Ink Additives Market Size And Forecast
Ink Additives Market size was valued at USD 1.70 Billion in 2023 and is projected to reach USD 2.61 Billion by 2030, growing at a CAGR of 5.10% from 2024 to 2030.
The rapidly increasing demand from the e-commerce industries tends to increase the need for corrugated boxes and thereby drives the growth of the market. Besides, the growing demand of the consumers for the flexible packaging, the emergence of the varieties of additives are other factors that contribute to propelling the market growth. The Global Ink Additives Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Ink Additives Market Definition
The Ink Additives are the form of surfactants that are used to enhance the printability of the ink. It is basically formulated by solvent-borne technologies. It is beneficially used to reduce the surface tension of the ink, in response enhances the latitude ink capacity and press performance. It includes the agents which improve the viscosity of the ink, driers used to dry up the inks immediately. It widely finds its application in the printing and publishing applications, packaging industries, and others.
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Global Ink Additives Market Overview
The rapidly increasing demand from the e-commerce industries tends to increase the need for corrugated boxes and thereby drives the growth of the market. Besides, the growing demand of the consumers for the flexible packaging, the emergence of the varieties of additives are other factors contribute to propelling the market growth. Furthermore, the rising usage of the recyclable products adds to impose a positive outlook on the market. Re-usability of the containers made from flexible packaging is projected to accomplish sustainability and create low waste. Ink utilized in flexible packaging improves the graphical presentation of the package. By maintaining the quality of the images, it also contributes to the performance of the package in several stages of manufacturing, packaging, transport, and usage of the product. Ink additives for instance dispersing agents aid in formulating inks to get the wanted combination of colors.
There are certain restraints and challenges faced which will hinder the market growth. The concerns related to the presence of toxicity in the substances, the government regulatory standards and the deviation of printing to digital media are factors expected to restrain the growth of the market. Fluctuating environmental regulations are impacting the additives market. Stringent regulations have a robust effect on the end-use industries. The North American and European manufacturers are making efforts to decrease VOC emissions by using materials that have a low environmental footprint, therefore impacting the growth of the Ink Additives Market negatively. The shift toward low-cost and sustainable additive has destructively affected the demand for conventional additives.
Global Ink Additives Market Segmentation Analysis
The Global Ink Additives Market is Segmented on the basis of Type, Process, Application, and Geography.
Ink Additives Market, By Type
- Dispersing & Wetting Agents
- Foam Control Additives
- Rheology Modifiers
- Slip/Rub Materials
- Others
Based on Type, the market is bifurcated into Dispersing & Wetting Agents, Foam-Control Additives, Rheology Modifiers, Slip/Rub Materials, and Others. The Dispersing & Wetting Agents segment held the largest market share. These additives provide numerous advantages. Dispersants support stabilizing the suspension of pigments in varnish. They help in the dispersion of fine solid particles in the liquid phase. While wetting agents decrease the surface tension and progress pigment dispersion.
Ink Additives Market, By Process
- Digital
- Flexography
- Gravure
- Lithography
- Others
Based on Process, the market is bifurcated into Digital, Flexography, Gravure, Lithography, and Others. The Lithography segment is predicted to hold the most significant CAGR in the forecast period. The factors can be attributed to the application of Lithography in printing books, advertising, cards, catalogs, direct mail inserts, posters, packaging, coupons, and art. This technology is generally used in non-food application. Increasing demand for corrugated boxes and paper boards for the online purchase is anticipated to benefit the market.
Ink Additives Market, By Application
- Commercial Printing
- Packaging
- Publishing
Based on Application, the market is bifurcated into Commercial Printing, Packaging, and Publishing. The Packaging segment is anticipated to have the highest CAGR in the forecast period owing to increased consumption and demand for consumer goods drives the need for more classy packaging with the increasing disposable income. Flexible packaging is gaining popularity due to its suitability and easy handling techniques between the consumers.
Ink Additives Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, the Global Ink Additives Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest share in the market will be dominated by the Asia Pacific. The growth of the region can be attributed to the rising demand for flexographic printing inks in the packaging industry for flexible packaging, corrugated containers, labels & tags, folding cartons, and metal cans.
Key Players
The “Global Ink Additives Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Harima Chemicals Group, Munzing Chemie GmbH, ALTANA AG, Dow Corning, Evonik Industries, Elementis PLC, Shamrock Technologies, Solvay S.A., BASF SE, and Lubrizol.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations, and Agreements
- In March 2019, Solvay entered a research collaboration agreement with Aerosint to develop an economically viable SLS printing process for polymers. High-performance polymers such as KetaSpire, polyetheretherketone, and Ryton polyphenylene sulfide have the potential to open new avenues for Additive Manufacturing in certain demanding applications. SLS machines can process high-temperature polymers and are carefully designed and assembled with sophisticated components. However, at present, there is a significant cost disadvantage during the buildthe excessive waste of up to 90 percent of unfused powder. Aerosint’s patented spatially-selective deposition system under development incorporates a non-fusible support material in each layer where expensive high-performance polymers are not required, reducing material waste to low levels. Solvay has been collaborating with Aerosint for over two years, supporting the development of their game-changing technology with fusion expertise, advanced materials, and process. Lastly, this technology makes 3D printing of high-performance polymers more affordable, opening up its enormous potential to become a superior industrial process for Additive Manufacturing system manufacturers in the medical, automotive, and aerospace sectors in the coming years.
Mergers and Acquisitions
- In January 2019, Evonik Industries acquired Structured Polymers Inc. (US), a startup firm for 3D printing materials. The acquisition of Structured Polymers’ technology was undertaken to complement the company’s activities with the high-performance polymers for additive manufacturing.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Harima Chemicals Group, Munzing Chemie GmbH, ALTANA AG, Dow Corning, Evonik Industries, Elementis PLC, Shamrock Technologies, Solvay S.A., BASF SE, and Lubrizol. |
SEGMENTS COVERED | Type, Process, Application, And Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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