DUBLIN--(BUSINESS WIRE)--The "Printing Inks Global Market Opportunities And Strategies To 2022" report has been added to ResearchAndMarkets.com's offering.
This report describes and evaluates the global market for printing inks. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.
The printing inks manufacturing market consists of the sales of printing and inkjet inks by entities (organizations, sole traders or partnerships) that produce printing and inkjet inks. The global market for printing inks reached a value of nearly $33.7 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1% since 2014, and is expected to grow at a CAGR of 3.1% to nearly $38.1 billion by 2022.
Growth in the historic period resulted from rising demand in emerging markets and technological advances. Going forward, increased demand from the packaging industry, 3D technological advances and economic growth will drive the printing inks market growth. Factors that negatively affected growth in the historic period were changing regulations, and decreased demand from the paper publishing industry. Factors that could hinder the growth of this market in the future are shortages and price rises in raw materials, and reductions in free trade.
The market can be segmented by formulation type into oil-based printing inks, solvent-based printing inks, and water-based printing inks. Oil-based printing inks accounted for the largest share of the printing inks market in 2018 at 39%. The water-based printing inks market is expected to be the fastest-growing segment going forward at a CAGR of 4%.
The market categorized by product type is divided into flexographic printing inks, offset printing inks, rotogravure printing inks and digital printing inks. Offset printing inks accounted for the largest share of the printing inks market in 2018 at 40.9%. The digital printing inks market is expected to be the fastest-growing segment going forward at a CAGR of 3.7%.
The market is also classified by end use industries into packaging, print media, commercial printing, and others. Packaging accounted for the largest share of the printing inks market in 2018 at 46.7%. This market is also expected to be the fastest-growing segment going forward at a CAGR of 4.7%.
Western Europe is the largest market for printing inks companies, accounting for 35.4% of the global market. It is followed by North America, Asia-Pacific, Eastern Europe, and then the other regions. Going forward, Middle East and South America will be the fastest growing regions in this market, where growth will be at a CAGR of 10.9% and 5.1%, respectively. This is followed by Africa and Asia Pacific, where the market is expected to grow at CAGRs of 4.8% and 4.0%, respectively.
Major players in the market are DIC Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, and Siegwerk Druckfarben AG & Co. KGaA.
The global chemicals market, of which the printing inks market is a segment, reached a value of nearly 3,375.8 billion in 2018, having grown at 1% since 2014, and is expected to grow at a compound annual growth rate (CAGR) of 5.9% to nearly $4,241.6 billion by 2022. The printing inks market was the smallest segment in the global chemicals market in 2018.
The printing inks market accounted for 1% of the chemicals market. The ethyl alcohol and other basic organic chemical market is the largest segment of the chemicals market, accounting for 26.5% of the chemicals market, worth $893.8 billion globally and has grown at a CAGR of 0.8% during the historic period. It is expected to grow at a CAGR of 4.6% during the forecast period.
- DIC Corporation
- Flint Group
- Sakata Inx
- Siegwerk Druckfarben AG & Co. KGaA
- Toyo Ink S.C. Holdings
For more information about this report visit https://www.researchandmarkets.com/research/2thzdm/printing_inks?w=4