Global Inkjet Colorants Market Size By Type (Pigments, Dyes), By Application (Industrial Printing, Commercial Printing), By Geographic Scope And Forecast

Inkjet Colorants Market Size And Forecast

Inkjet Colorants Market size was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030.

The increasing popularity of inkjet printers and rising demand for digital printing are the main factors driving market development. Furthermore, the growing use of inkjet colorants in a variety of uses such as packaging, cloth, and industrial printing is fueling market development. The Global Inkjet Colorants 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 Inkjet Colorants Market Definition

Organic pigments, inert pigments, high-performance pigments, and manufactured pigments are all examples of pigments. Colorants for inkjet printers are found in nature and can be synthesized in labs. The use of digital printing technology is increasing all over the world. Digital printing has several advantages over analog printing, including lower costs, increased customization, bulk output, and environmental benefits. Digital printing technology includes inkjet printing technology. As a result, the acceptance of digital printing technology is anticipated to accelerate the development of inkjet printing technology. Inkjet printing technology necessitates the use of inkjet ink, which necessitates the use of ink Colorants. Superior product quality, economy, and quickness are among the advantages of inkjet printing technology.

Inkjet printing technology employs more water-based ink, which lowers the environmental impact of printing. Water-based inks also contribute very little weight to the substrate, lowering shipping and sending costs. Carbon black, treatment agents, sodium hydroxide, sodium chloride, and Para Chloro Ortho Nitro Aniline are all used in the production of printer Colorants. Manufacturers of inkjet Colorants rely on outside vendors to satisfy their raw material needs. The supply of raw ingredients has changed, causing inkjet colorant costs to fluctuate. This, in turn, has an impact on the costs of printer Colorants. Due to rising raw material costs, Inkjet Colorants Market such as BASF SE and Clariant Corporation raised the prices of their pigments and dyes in 2018.

Typically, this price rise lasts for a short amount of time before subsiding. The pattern of inkjet colorant price increases and decreases due to raw material availability is expected to persist during the forecast period. In the printing inks business, nanotechnology is being created for a variety of uses, including self-dispersing inkjet pigments. Nanotechnology is anticipated to provide several advantages, including increased thermal resilience of inkjet printing inks, improved environmental effectiveness of inkjet colorants, and the production of exceptionally strong pigments.

Global Inkjet Colorants Market Overview

Digital printing is transforming the publishing business. Customization, cost-effective output, personalization, and environmental benefits, such as less trash and the ability to use bio-based inks, decreased make-ready and set-up time, and so on, are all advantages of digital printing. Inkjet devices are commonly used in digital printing technology. A digital image can be rapidly modified, adjusted, or completely changed, and the new print can be printed on demand without stopping the entire printing process. The epidemic has accelerated the development of digital printer technology. Digital printing permits high-value customization streamlines the supply chain, lowers storage needs, and allows for faster time to market. During the pandemic, all of these characteristics of digital printing allowed distant tracking of printing operations.

Amazon revealed plans to increase digital printing capabilities in September 2020, with a USD 400 million investment in digital printing systems over the next several years. Digital label printing is used in almost every industry, including cosmetics, food and drinks, medicines, and private labels. The rise of digital printing of flexible packaging and labels is being driven by ongoing technological advancements and an increase in demand for short-run printing. According to the All India Federation of Master Printers (AIFMP), digital printing is increasing at a 30% annual pace in India. As a result, the growth of digital printing serves as a catalyst for the inkjet Colorants industry. In order to endure the pandemic, many shops went digital and shifted their operations online. Physical stores were closed for months due to lockdowns around the globe, leaving customers with no option but to buy online.

As a result, COVID-19 accelerated the development of the e-commerce sector, as more businesses chose the e-commerce path. The surge in e-commerce purchases drove up demand for pre-printed barcode stickers in logistics supply networks. As a result, the rise of eCommerce propels the inkjet colorant marketplaces. The pandemic blocked supply lines around the globe, causing raw material shortages in every sector. The ink business is no different. Due to a scarcity of raw materials, market costs have risen, adversely impacting the solvent-based printing inks industry. Raw ingredients for printing ink businesses around the world are in limited supply, including resins, monomers, photoinitiators, oligomers, and additives.

This is primarily due to the closing of basic material plants in China. Because of its large refining capacity and related chemical production environment, China dominates the supply of printing ink raw materials. Market participants have already begun to face difficulties as a result of basic material scarcity. For example, Sun Chemical, a worldwide printer ink producer, raised the prices of its solvent-based inks and coatings in North America in July 2020 due to a rise in raw material prices. Printing ink costs rose 8.3% between 2020 and 2021, according to US Bureau of Census Producer Price Index data. Pigment prices increased by 11.5%, while carbon black prices increased by 54.3%. Such difficulties represent a danger to the market for inkjet colorants.

Global Inkjet Colorants Market Segmentation Analysis

The Global Inkjet Colorants Market is segmented on the basis of Type, Application, and Geography.

Inkjet Colorants Market, By Type

• Pigments
• Dyes

Based on Type, the market is segmented into Pigments and Dyes. The pigments type segment held a significant share of the Inkjet Colorants Market. Inkjet inks can use two kinds of colorantsdye colorants and pigment colorants. Pigmented inks are tiny particles that are suspended in a liquid. Pigments have a solid look and are lightfast and weather resistant. Pigment inks pose the least level of ink transfer danger. Pigment colorants are appropriate for outdoor goods such as ads. Pigment inks come in a broader variety of colors than dye-based inks. They give you more options for improving color depth, sharpness, and tone by combining various ink and paper combos. Different colored dyes are used to produce various pen colors. Black and white ink are produced from carbon black and titanium dioxide, respectively, and can be used alone or in combination with other substances to change their color.

Inkjet Colorants Market, By Application

• Industrial Printing
• Commercial Printing

Based on Application, the market is segmented into Industrial Printing and Commercial Printing. The commercial sector dominated the market for inkjet colorants. Packaging printing, signs and displays, cloth printing, building decoration (floor and wall coverings, furniture decoration, glass decoration, and so on), printed electronics, and 3D printing are all examples of industrial printing. Inkjet is the preferred digital printing method for commercial printing. The advantages of using inkjet technology in industries include lower manufacturing costs, higher quality output, conversion of processes from analog to digital, inventory reduction, printing onto very large, very small, fragile, or non-flat substrates, waste reduction, customization, and faster prototyping. Packaging printing is increasingly utilizing digital printing technology.

Inkjet Colorants Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Regional Analysis, the Global Inkjet Colorants Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. Due to the region’s growing packaging sector, the Asia-Pacific region held a significant share of the Inkjet Colorants Market in 2022. According to a recent Globe Packaging study, packaging was the most influential element in purchasing decisions. As a result, the packaging is extremely essential in products produced by other sectors. As Asian economies, especially China and India, are both production- and consumer-based, Asia is the world’s biggest packaging industry. The Indian packaging business is quickly expanding due to the expanding pharmaceutical, food manufacturing, FMCG, and healthcare industries. Government efforts like Make in India are boosting domestic production, which benefits the packaging industry.

Key Players

The “Global Inkjet Colorants Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Clariant International AG, BASF SE, LANXESS, Fujifilm Holdings America Corporation, Sun Chemicals, Nippon Kayaku Co. Ltd., Toyo Ink Group, Cabot Corporation, Heubach GmbH, and Huntsman Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into 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 January 2022, Clariant’s pigment division has been bought by a group led by Heubach Group and SK Capital Partners. Clariant still owns 20% of the freshly formed company.
• In October 2021, To satisfy the needs of the digital printing business, KRONOS Worldwide Inc. introduced KRONOS 9900 Digital White, a freshly created aqueous pigment concentrate. Water-based inkjet inks, hybrid (water/UV) inkjet, and any other watery uses are covered by KRONOS Digital White.
• In June 2021, Sun Chemical and its parent company, DIC Corporation, completed the acquisition of BASF’s worldwide pigments division, BASF Colors & Effects. Sun Chemical’s inventory as a worldwide producer of pigments, including those for electronic displays, cosmetics, coatings, inks, plastics, and specialized uses, will be expanded as a result of the acquisition.

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 Global Inkjet Colorants 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. Porter’s five forces model can be used to assess the competitive landscape in the Global Inkjet Colorants Market gauge the attractiveness of a certain sector, and assess investment possibilities.