The ink additives are expected to grow at a CAGR of 5.2% through 2032, with a value of US$ 1.9 billion in 2022. By 2032, the market is expected to reach US$ 3.49 billion.
In light of the rapidly increasing demand from the e-commerce industries, corrugated boxes tend to be in high demand, contributing to the market's growth. Furthermore, the growing demand from consumers for flexible packaging and the emergence of a variety of additives are other factors that are contributing to market growth.
In addition, the use of recyclable products is on the rise, which adds to a positive outlook for the market. The reusability of flexible packaging containers is expected to reduce waste and achieve sustainability. A flexible packaging package's graphical presentation is improved by the ink that is used. In addition to maintaining the quality of the images, it also contributes to its performance throughout the manufacturing, packaging, transport, and usage process.
The ink additives market is expected to grow over the forecast years as research activities and product innovations increase. In the coming years, however, the increase in digitization, resulting in the easy availability or access to e-books online at low prices, will hinder the growth of the business.
Moreover, the market is dominated by two major technologies: water-based and solvent-based. Water-based technology is expected to see significant growth in the market due to regulations regarding VOC emissions, which has resulted in manufacturers switching from solvent-based technology to water-based technology.
In addition, e-tickets, sporting goods, electronics, and toys will put a brake on the market over the forecast period. A dispersing agent, for example, helps formulate inks to achieve the desired color combinations. While the global printing ink additives market is expected to grow during the forecast period, fluctuations in raw material supplies and strict environmental regulations towards chemical additives are expected to restrict the market.
According to forecasts, Asia Pacific will grow its market share in ink additives during the forecast period. The demand for ink additives has surged in emerging economies like Japan and China as a result of the growing commercial printing and packaging industries. Additionally, South Korea and India are expected to post excellent growth opportunities for the market in the region.
As a result of the increasing demand for printing ink additives from digital printing markets, Europe is expected to follow the Asia Pacific in terms of market growth. Countries such as Germany, France, and the U.K. account for the largest share of the market share. However, North America is projected to gain the third most share of market share because of the increasing demand for additives for ink pigments from developed countries like the U.S.
Attributes
Details
Ink Additives Market CAGR
5.2%
Ink Additives Market (2022)
US$ 1.9 Billion
Ink Additives Market (2032)
US$ 3.49 Billion
Inks are a complex mixture of a number of ingredients. These various ingredients, when combined in a specific formulation, impart desired characteristics and critical properties for printing application. Printing inks are made of four basic components.
These are Pigments - these impart color to the ink, resins - which bind the ink together and to the surface on which printing is carried out,solvents - to make the ink flow on the surface to be printed and additives - which alter the properties of the ink to obtain desired characteristics.
The formulation for a certain application depends on the type of substrate, the process implemented, desired appearance and the end use. The ink additives market is expected to grow in -line with the growth in advertising expenditure and marketing activities by Corporates.
Based on the function, ink additives market can be segmented as rheology modifiers, dispersants, foam control agents, slip & rub materials, and wetting agents. On the other hand, depending on the type of printing processink additives market can be segmented as additives for letterpress printing, gravure printing, lithography, flexography and digital printing ink additives.
The ink additives market, based on the end use is segmented into additives for packaging printing, publication printing and commercial printing.
The Asia Pacific represents high volume ink additives market for printing ink industry followed by Europe and North America. The highest growth has been witnessed by the packaging segment of textile additives.
The publishing and the commercial printing segments of ink additives market are however shrinking in certain developed regions of the world and have shown sluggish growth in the developing countries over the past. The global ink additives market is expected to show a moderate single digit annual growth over the next five years.
The growth of the packaging segment in global ink additives market has been amplified by the increasing growth in the GDP and population in the Asia-Pacific region.
The trend witnessed in the ink additives market off late is that of developing eco-friendly products such as non-VOC additives, high-sensitive UV (low-power UV-curable), water-based additives with emphasis on providing high value, green additives that offer improved performance and a reduced impact on the environment.
The major challenges that lie ahead for the ink additives market are the growing pressure for adherence to the regulatory restrictions, guidelines; developing additives/products that can maintain or improve the current performance at lower usage levels or at a more economical costs. Moreover, the supply of key raw materials for the textile additives remains a matter of major concern for the global ink additives market.
The major players in the ink additives market are Evonik TEGO, BASF SE, HUNTSMAN, Dow Corning, Air Products and Chemicals Inc., Shamrock Technologies, Inc.
The research report presents a comprehensive assessment of the ink additives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Regional analysis includes
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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