Global Lithography Inks Market Size By Formulation (Water-Based, Solvent-Based), By Application (Packaging, Commercial Printings), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Global Lithography Inks Market Size By Formulation (Water-Based, Solvent-Based), By Application (Packaging, Commercial Printings), By Geographic Scope And Forecast
Lithography Inks Market Size And Forecast
Lithography Inks Market size was valued at USD 8.1 Billion in 2022 and is projected to reach USD 11.5 Billion By 2030, growing at a CAGR of 4.2% from 2023 to 2030.
The rapid rise of the packaging sector has been a key contributor to the expansion of the worldwide lithography ink market. The packaging of a product is very important in terms of marketing and advertising since it has a large influence on customer decision-making. The largest corporations employ superior printing processes for their product packaging. The lithography printing method is gaining popularity across the world because to its versatility in printing on a variety of substrates and improved printing quality. This method also enables for the rapid printing of enormous volumes of materials.
Global Lithography Inks Market Definition
Printing inks are coloured pastes that are designed to transfer and reproduce an image from a printing surface. These tints are applied in thin films to a variety of media, including paper, metal sheets, paper sheets, and others. Inks can be created for protection, ornament, or communication. These functions are sometimes combined. The basic ingredients used in printed inks are pigments, resins, solvents, additives, and colourants. Different types of printing inks are utilised in everyday life. This includes flexography, display, lithography, engraving, and digital. The most common form of printing ink is lithography.
Lithography, often known as offset lithography, is an offset procedure. Lithographs are printed using ink. Water-based, solvent-based, and other inks are required for lithograph printing. Screen printing is utilised in the creation of clothing as well as other applications in the automotive, textile, and food and beverage sectors. The lithograph printing method, which is employed in many package printing applications, is a critical printing process. Because of its ubiquity, it offers a great level of adaptability when it comes to printing on a number of substrates. Regardless of the substratum material, the lithographic inks have great adherence to the surface of the substratum and provide outstanding printing quality.
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Global Lithography Inks Market Overview
The market is expanding due to rising demand for ceramics. Because the thick paste of the Lithography Inks increases the appearance of the ceramics, Lithography Inks are widely used in the ceramic sector to raise the attractiveness. Ceramic tile demand is increasing globally as residential and commercial construction activity increase. Furthermore, the rising ceramic sector is predicted to boost demand for Lithography Inks, propelling market expansion. According to The European Ceramic sector Association, the European ceramic sector was valued at USD 34.7 billion in 2019. As a result, the rising ceramic sector is likely to fuel market expansion, as well as drive the growth of the Lithography Inks Market throughout the forecast period.
Commercial printing makes use of lithographic ink to improve the appearance and appeal of the printing at a low cost. The growing advertising demands of organisations all over the world, along with significant technical advancement, are now driving market growth. Commercial printers are increasingly being used for bulk printing by businesses since they are more cost-effective and productive. The increasing commercial printing application of Lithography Inks is propelling the market forward. As a result, the increased need for commercial printing for advertising is propelling the industry forward.
The lithographic inks’ initial cost breakdown includes setup costs, turnaround time, and other factors. The high cost of setup owing to technologically efficient gear and other factors contribute to the cost of Lithography Inks. Furthermore, Lithography Inks have a longer turnaround time than flexographic inks, making the manufacturing process more time demanding. Companies are also raising the pricing of Lithography Inks. For example, Flint Group announced a 10% global price rise across all types of inks, including Lithography Inks, in October 2021. As a result of the aforementioned causes, the cost of Lithography Inks rises, offering a significant impediment to the expansion of the Lithography Inks Market.
Global Lithography Inks Market Segmentation Analysis
The Global Lithography Inks Market is Segmented on the basis of Formulation, Application, and Geography.
Lithography Inks Market, By Formulation
Water-Based
Solvent-Based
UV-Curable
Hybrid
Others
Based on Formulation, the market is segmented into Water-Based, Solvent-Based, UV-Curable, Hybrid, and Others. The solvent-based holds the significant share in the Lithography Inks Market in 2022. The solvent-based formulation is used in Lithography Inks because it has several advantages. For example, circulating air around a solvent-based formulation helps to minimise drying time by speeding up the reaction.The solvent-based formulation has a thicker consistency, resulting in a more appealing printing look, which improves the packaging’s appearance. As a result of these considerations, the demand for solvent-based formulations in Lithography Inks is growing. However, the high volatile organic compound (VOC) concentration of solvent-based products limits the market’s segmented expansion.
Lithography Inks Market, By Application
Packaging
Commercial Printings
Ceramics
Others
Based on Application, the market is segmented into Packaging, Commercial Printings, Ceramics, and Others. During the projection period, the packaging retains a major proportion of the Lithography Inks Market. Lithographic inks are utilised in packaging because they are extremely efficient at producing pictures or complex colour details that need full-color printing. Because of their excellent quality, cheap cost, and adaptability, lithographic inks are widely used in the packaging sector. Furthermore, increased packaging sector production is pushing lithographic ink demand. As a result, the increased use of Lithography Inks in packaging is fueling market expansion.
Lithography Inks Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Based on regional analysis, the Lithography Inks Market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia-Pacific region dominates the Lithography Inks Market. The rise of numerous businesses such as packaging, commercial printing, and others is driving the Asia-Pacific industry. According to the Packaging Industry Association of India, the Indian packaging sector is one of the key sectors in India with great development potential, growing at a rate of 22-25% every year. Furthermore, according to a recent Interpack research, Chinese packaging businesses such as 3D, SIP, and WLCSP alone earned revenue of roughly US$5.88 billion with end packaging; this revenue growth is a result of increased demand for packaging in the Chinese market. As a result, the Asia-Pacific region’s expanding packaging and commercial printing industries are driving up demand for Lithography Inks, increasing market growth.
Key Players
The “Global Lithography Inks Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as FUJIFILM Holdings America, Huber Group, Flint Group, INX International Ink, Toyo Ink, DIC Corporation, Siegwerk Druckfarben, Tokyo Printing Ink, T&K Toka, Wikoff Color.
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
In December 2020, INX International Ink Co. has combined all of its activities in South America with parent firm INX do Brasil. This technique creates a more direct approach for INX goods in the South American market, including lithographic inks, encompassing acquisitions, branch development, and investment plans, as well as growth projections for 2021.
In September 2020, Sun Chemical and its parent company, DIC Corporation, have purchased Seller Ink Industria e Comercio de Tintas e VernizesLtda, a specialised inks and coatings manufacturer based in Sao Paulo, Brazil. The offset lithographic inks company is also included in the deal.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Lithography Inks Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Lithography Inks Market gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
FUJIFILM Holdings America, Huber Group, Flint Group, INX International Ink, Toyo Ink, DIC Corporation, Siegwerk Druckfarben, Tokyo Printing Ink, T&K Toka, Wikoff Color
SEGMENTS COVERED
By Formulation
By Application
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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• 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 af
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