Ink additives find great utility in enhancing ink’s performance while formulation process is on. These additives are known for their water resistance, adhesion on printing substrate, high stability, and cost-effective solution. Several types of additives like dispersing wetting agents, foam control additives, rheology modifiers, and slip/rub materials among others find application in the manufacturing of these additives. The global ink additives industry is all set to expand with 5.7% CAGR to surpass a valuation around USD 2.06 billion during the forecast period (2018-2023). Market Research Future (MRFR) claimed that strong factors are expected to provide tailwind to the global ink additives industry.
Factors, such as packaging, printing, and commercial printing industry, are expected to provide substantial market boosters. The packaging industry has high market traction due to growth in logistics and e-commerce. Several industries are exploring various packaging options to stay updated with real-time data. That is what makes this ink additives industry all the more integral. On the other hand, in the print industry, the digitalization has taken substantial command, which is pervading the commercial printing industry as well. Magazines, newspapers, and other formats are also pushing the demand for such ink additives further ahead.
Segmentation:
MRFR’s intense review of the global ink additives industry relies much on segments like types, process, technology, and application. These segmentations are backed by volume-wise and value-wise arguments that were adeptly dealt by experts in the report.
By types, the global ink additives industry comprises rheology modifiers, dispersing wetting agents, foam control additives, slip/rub materials, and others.
Based on the process, the global ink additives industry consists gravure, flexographic, lithographic, digital, and others. The digital medium is anticipating strong tailwinds.
By technology, the global ink additives industry includes water-based, solvent-based, and others. The water-based segment is expected to grow remarkably due to global inclination towards chemical-free products.
Based on the application, the global Ink additives industry comprises publishing, packaging, and commercial printing. The packaging industry is burgeoning due to growing e-commerce and logistics industry. The packaging segment includes flexible, labels tags, rigid, and others. Meanwhile, the labels tags segment is expected to fetch in notable revenue. On the other hand, publishing segment encompasses newspaper, magazines, and others.
Regional Analysis:
MRFR has studied five key regions, namely, Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East Africa (MEA) for a proper understanding of the global ink additives industry. Such a market growth can rely on better analysis of the growth pockets and MRFR’s sole intention is to unravel prospects for market growth.
The APAC region had the largest market share in 2017 and is expected to continue its dominance during the forecast period. This growth largely depends on the booming packaging industry. Its demand for packaging films for confectionary items and frozen items is quite remarkable. This promotes the need for food-grade ink and subsequently, the demand for ink additives gets propelled.
North America and Europe are known as the base for major producers. Eco-friendly moves have turned this region into producers of advanced and low VOC based ink additives. Several countries in the region are contributing notably. The US, Germany, France, and Italy are contributing substantially. The US is of great importance for North American market growth.
Competitive Landscape:
Several companies are substantially contributing in the global ink additives industry growth. Their strategic implementations that often include merger, acquisition, collaboration, product launch, innovation, and others are aimed at solidifying their own market status and also provide impetus to holistic market growth. MRFR registered a few for better profiling and they are Evonik Industries (Germany), BASF SE (Germany), Elementis Plc (UK), ALTANA AG (Germany), Harima Chemicals Group (Japan), Shamrock Technologies (US), Lubrizol (US), Croda International Plc. (UK), Solvay S.A (Belgium), Clariant (Switzerland), Allnex (Germany), Raybo Chemical Company (US), Polyone Corporation (US), and Honeywell International Inc. (US) and others.
Browse the Complete Report: https://www.marketresearchfuture.com/reports/ink-additives-market-7501
