Global Ink Resins Market Size By Type, By Application, By Geographic Scope And Forecast

Ink Resins Market Size And Forecast

Ink Resins Market size was valued at USD 2.64 Billion in 2023 and is projected to reach USD 3.97 Billion by 2030, growing at a CAGR of 2.4% during the forecasted period 2024 to 2030.

Increasing environmental protection standards for the printing ink industry, growth of packaging and energy curable inks industries, increasing demand for UV-cured inks, and new resin technologies are the key factors contributing to the growth of the Ink Resins Market. The Global Ink Resins 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 Resins Market Definition

Ink resins? Think of them as the unsung heroes of your ink, the ones carrying the pigments around. The quality of these resins really matters, because they're the glue that holds everything together. A good resin means good ink! You can find all sorts of resins out there – acrylic, epoxy, polyurethane, you name it. And get thiscompanies making ink and resins have been using the internet for like, 20 years! A lot of the behind-the-scenes stuff, like getting materials where they need to be, happens in online systems. It's how suppliers and customers stay connected. Oh, and just so we're clear, when we say "acrylic resin," we're talking about acrylic acid and all its related stuff.

Acrylic resin coatings, sometimes called acrylic radiation coatings, are usually either thermosetting or thermoplastic. They're made by combining acrylic resin with things like methyl acrylate, styrene, and other acrylates to form the main structure. This resin is pretty great because it holds its color well in the light and is resistant to water and chemicals. Plus, it dries fast, is easy to apply, and you can even repaint or fix it later. Now, let's talk about polyurethane resin! This is a polymer built from repeating units. It's created by mixing isocyanates and hydroxyl compounds. Because of the carbamate group's strong polarity, it doesn't dissolve in non-polar substances, and it's got excellent resistance to oil, is super tough, resists wear and tear, doesn't age easily, and sticks to surfaces really well.

Global Ink Resins Market Overview

The printing and packaging industry is really taking off, and that's expected to be a huge reason why the Ink Resins Market will grow worldwide. You see, besides solvents, resins are super important for making inks, additives, and pigments. The kind of resin you use really changes how the ink behaves. It's like the glue (or pigment binder) that helps the ink stick to a surface quickly and for a long time. Plus, the resin also gives the ink the right thickness (or viscosity) so it flows properly – that's key for getting the ink from the printing press onto whatever you're printing on. Because of all this, we think ink resins are going to become a pretty big deal in the coming years.

So, what's driving the growth in the Ink Resins Market? Well, a few things are really making a difference. First off, we're seeing more raw materials available to make those ink resins, which is a big help. Plus, the packaging industry is booming, and energy curable inks are becoming more popular. Another key factor is that ink resin suppliers are building long-term strategic partnerships with ink manufacturers. Of course, environmental protection legislation is also playing a role, pushing for more sustainable options. And let's not forget about the exciting new ink resin technologies that are constantly emerging. Speaking of raw materials, the supply has really improved since 2021. And remember, resins are super important for ink! They basically give inks their personality, determining things like gloss and how well they stick to things – adhesion, that's the word!

Key raw materials the ink industry relies on are benzene, toluene, ethylene, and propylene. IPDI (isophorone diisocyanate) and IPDA (isophorone diamine) are available, which are crucial for the high-end polyurethane resin market. The availability of acrylates is expected to remain steady, albeit subject to some seasonal and competing demand for paints and coatings, adhesives, and construction applications, Resin raw materials are available, although costs continue to be susceptible to the volatility of feedstock costs or interim supply-demand imbalances. Propylene oxide-based polyols are available, but pricing has increased. The supply of raw material has improved however, pricing has not decreased.

However, increasing demand for e-books, stringent environmental regulations against VOC, and price rise of ink resin feedstock hinder the market growth. The major opportunities in the Ink Resins Market are in emerging markets such as India, China, Brazil, and Mexico. The printing industry in the Asia Pacific, South America, and the Middle East & Africa are expected to have a good growth rate during the forecast period. Simultaneously, increasing environmental protection standards are expected to have a positive demand due to their environmental benefits

Global Ink Resins Market Segmentation Analysis

The Global Ink Resins Market is segmented on the basis of Type, Application, And Geography.

Ink Resins Market, By Type

• Modified Rosin• Hydrocarbon• Modified Cellulose• Acrylic• Polyamide• Polyurethane• Others

Based on Type, The market is segmented into Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, and Others. Chemically modified resin and synthetic resins are commonly used in ink vehicles as binders and in overprint varnishes. Resin ester adducts have the highest demand and are the largest-volume resins consumed. Modified cellulose is the second-highest type of resin used in printing inks. Petroleum-based hydrocarbon resins are the third-highest type of resins used in printing inks. Acrylics are used in water-based flexographic inks.

Ink Resins Market, By Application

• Flexible Packaging• Printing & Publication• Corrugated Cardboards & Cartons• Others

When we look at how ink resins are used, the market breaks down into areas like Flexible Packaging, Printing & Publication, Corrugated Cardboards & Cartons, and a few Others. In 2021, Printing & Publication was a big deal, gobbling up around ~47% of the total Ink Resins Market volume. Flexible packaging was the runner-up, using about ~22% of the volume that year. But get this – flexible packaging and corrugated cardboard are expected to need a whole lot more ink resins soon! Why? Because we're seeing a bigger need for inks in things like food packaging (especially seafood!), drink labels, cigarette packs, pouches, bags, and all sorts of cool lamination designs.

It's interesting how things are connected. The demand for inks is going up because niche areas like narrow web, tags, and label printing are growing. And because ink use is up, so is the need for ink resins. Packaging, especially for plastics, is really driving this ink demand. But it's not all growth. The printing and publication side is shrinking because of new technologies. The rise of the Internet and digital devices means fewer people are reading newspapers and magazines. That, in turn, means less demand for the resins used in inks for those published materials.

Ink Resins Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

When we look at the Global Ink Resins Market through the lens of Geography, we see it broken down into North America, Europe, Asia Pacific, and everywhere else. Right now, Asia Pacific is where the big money is being made! The market there is really taking off and is expected to keep growing strong because the industries that use ink resins are booming. Asia Pacific is really the place to be for ink tech right now. Think about the fast-growing economies of China, India, and even smaller countries like Indonesia and Thailand - they're really fueling the ink industry. The packaging sector is especially exciting, with manufacturers and global packaging converters moving in to take advantage of lower production costs and get closer to those emerging local markets. And, get this – while the printing ink industry is growing all over Asia Pacific, India is seeing the absolute biggest jump!

Key Players

The “Global Ink Resins Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Arakawa Chemical, Arizona Chemical, BASF SE, Evonik Industries, Hydrite Chemical, IGM Resins, Indulor, Lawter B.V., Royal DSM N.V., and The Dow Chemical Company.

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.

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We'll take a close look at the market using both numbers and, well, everything else – breaking it down into segments based on things like money and also things that aren't about money at all. You'll get the market value in USD Billion for each of those segments and sub-segments. We'll point out which region and segment we think will grow the fastest and be the biggest. Plus, we'll analyze how people are using the product or service in different areas and what's influencing the market in each. We'll show you the competitive landscape, ranking the big players and highlighting new stuff they've launched, who they're working with, how they're growing, and who they're buying – all from the last five years. You'll get detailed profiles of those companies, including an overview, insights, how their products stack up, and a SWOT analysis. We'll also give you our take on where the market is now and where it's headed, looking at recent events, opportunities, what's driving growth, and what's holding things back in both new and established markets. We'll dive deep with a Porter's five forces analysis and give you an inside look at the market through the Value Chain. Finally, we'll cover the market dynamics, including growth opportunities in the coming years, and even throw in 6 months of analyst support after the sale.

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