Solvent-based Inks Market to Record an Exponential CAGR by 2024

The global solvent-based inks market is highly fragmented, wherein the top six companies cumulatively accounted for a share of more than 75% in 2015. Transparency Market Research states that Sun Chemical Group, Flint Group, Toyo Ink Mfg. Co., Ltd., Sakata INX, Siegwerk Druckfarben AG & Co. KGaA, and Huber Group are likely to gain momentum in the coming years after being restrained by volatile raw material prices and unfavorable economic policies in the past.

Read Report Overview @

The threat of new entrants is likely to deter the performance of these players as they focus on products with lower content of VOC emitting inks. The availability of substitutes such as UV-cured inks is also projected to act as a hindrance. However, TMR analysts believe that these challenges present certain opportunities for players to innovate and develop newer products that can adhere to environmental restrictions and compete with rival offerings.

Lithographic and Digital Printing Emerge as Promising Segments in Solvent-based Inks Market

The opportunity in the global solvent-based inks market was pegged at US$5.42 bn in 2015 and is projected to be worth US$7.92 bn by 2024, rising at a CAGR of 4.4% therein. By volume, the market is expected to reach 1,759.5 kilo tons by 2024 at a 2.9% CAGR from 2016 to 2024. By type of printing, lithographic printing led the global solvent-based inks market in terms of revenue and is projected to amount to US$2.8 bn by the end of the forecast period. Digital printing, on the other hand, is anticipated to register a high growth rate of 5.16% from 2016 to 2024.

Although vinyl inks led the solvent-based inks market in terms of revenue in 2015, the market is projected to be dominated by epoxy inks by 2024, with cellulose inks emerging as a highly lucrative product segment. Based on application, the packaging sector surges ahead in terms of value as well as volume. Geographically, Asia Pacific accounted for a share of over 40% in 2015 based on revenue and is likely to retain its lead in the global solvent-based inks market, expanding at a 4.87% CAGR during the forecast period.

Threat of Ecommerce and Online Reading Looms over Market

“The soaring demand for ink in the packaging industry is the primary factor driving the solvent-based inks market,” the lead analyst finds. Solvent-based inks are used on a number of different surfaces and substrates and are known for their weather-resistant properties. The rapidly growing Asia Pacific packaging sector has been providing the market a considerable boost over the years. “The rising demand for flexible packaging in the food and beverages as well as healthcare industries also serves as a growth booster for the solvent-based inks market,” adds the analyst.

Significant growth in the digital printing industry in recent years is also projected to translate into a rising demand for solvent-based inks, TMR finds.

Request to view Sample Report:

On the other hand, the enforcement of strict environmental regulations curtailing the use of various inks in the food and beverages sector is a key deterrent to the growth of the global market. In addition, the rising demand for UV-cured inks and the boom of e-commerce and online reading also pose a moderate threat to the solvent-based inks market.




About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Sodium Cocoyl Isethionate Market to Undertake Strapping Growth During 2026

The global sodium cocoyl isethionate market was valued at US$ 137.8 Mn in 2017 and is anticipated to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report titled ‘Sodium Cocoyl Isethionate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). Rise in consumer preference for sulfate-free skin friendly products is likely to propel the demand for sodium cocoyl isethionate during the forecast period. Read Report Overview @ https://www.transparencymarketresearch.com/sodium-cocoyl-isethionate-market-2018-2026.html Increase in Demand for Sulfate-free Formulations in Personal Care Products to Drive Market Sodium cocoyl isethionate is a mild surfactant that offers excellent detergent properties. It is mild on the skin and leaves a soft after-feel. Extensive usage of sodium cocoyl isethionate as mild surfactant in hair care and skin care products has created oppor...
Keep reading

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Tattoo Inks Market to Undertake Strapping Growth During 2026

Submitted 1 sec ago by  TMR Market research . The global tattoo inks market was valued at US$ 122.25 Mn in 2017. It is anticipated to expand at a CAGR of 5.55% from 2018 to 2026, according to a new research report titled ‘Tattoo Inks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR) The global tattoo inks market is driven by rise in the popularity of tattoos among youngsters worldwide. In terms of demand, North America accounts for a dominant share of the global tattoo inks market. Read Report Overview @ https://www.transparencymarketresearch.com/tattoo-inks-market.html Rise in Demand for Tattoos among Youngsters to Boost Market Tattooing is an increasing fashion phenomenon that has attracted more than 100 million young adults across the globe to date. According to the Council of Europe, one in five individuals in the U.K. is tattooed. The figure rises to one in thre...
Keep reading