The global ink resins market size is expected to reach USD 4.97 billion by 2030, according to a new study by Polaris Market Research. The report “Ink Resins Market Share, Size, Trends, Industry Analysis Report, By Type (Acrylic, Polyamide, Polyurethane, Modified Rosin, Hydrocarbon Resin, Modified Cellulose, Others); By Technology, By Printing Process, By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into the current market dynamics and provides analysis on future market growth.
Water-based inks are gaining popularity due to their environmental benefits. Water-based inks are becoming increasingly popular for specific product lines, particularly for high-quality process printing on pre-printed corrugated boxes or containers. Water-based technologies continue to be important for reducing waste and pollution. Because acrylic and maleic polymers are used in most water-based inks, the increasing interest in water-based inks is projected to raise consumption for them.
Ink makers strive to reduce the expense of their resins while maintaining the same performance. Ink makers’ key requirements from resin providers are constant pricing assistance and technological discussion/exchange. Controlling the upwards and downwards of raw material pricing requires substantial efforts from ink resin makers, which may be better spent establishing new prospects with ink manufacturers. In such a dynamic resin market environment, the key problems in the resin business are to fulfill diverse quality standards from each client and help each customer find the best ways to deal with high raw material prices.
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The ink business is expanding, fueled by increasing economies in China, India, and a few smaller countries. The packaging industry provides prospects as producers and worldwide players. Packaging converters are expanding into the area. Inkjet printing is increasing in Asia Pacific, and it is proliferating across the region, both in industrial sectors, such as more prominent format signs, and in personal usage.
Besides personal usage, inkjet inks are in high demand in India and Australia’s broad format markets. Packaging is the fastest-expanding and most sustainable industry. It also has the lowest survival cycle, necessitating regular formulation changes. Labeling, new packaging, and cardboard industries rapidly expand in Australia and India as firms leverage technology and capacities to sell to neighboring areas. UV printing has been continuously growing in Indonesia and Thailand.
Ink Resins Market Report Highlights
- Asia Pacific is the dominating region in the global market. This is due to strong demand in emerging nations in the region.
- By product type, modified rosin led the worldwide market and is expected to continue to do so during the projection period due to the increased product recognition, easy availability, and increased production from China and Indonesia.
- By application, flexible packaging led the market due to strong demand from food packaging industry.
- Global market includes Royal DSM, Dow Chemical Company, Indulor Chemie, Arakawa Chemical, Arizona Chemical, BASF, Evonik Tego Chemie, and Hydrite Chemical.
Polaris Market Research has segmented the Ink resins market report based on type, technology, printing process, application, and region:
Ink Resins, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Modified Rosin
- Hydrocarbon Resin
- Modified Cellulose
Ink Resins, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Printing & Publication
- Flexible Packaging
- Corrugated Cardboards & Cartons
Ink Resins, Technology Outlook (Revenue – USD Billion, 2018 – 2030)
- Oil Based
- Solvent Based
- Water Based
- UV Curable Based
Ink Resins, Printing Process Outlook (Revenue – USD Billion, 2018 – 2030)
Ink Resins, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa