Solvent based Inks Market – Overview
Solvent-based ink is a relatively inexpensive type of ink that is used in inkjet printers. It offers more resistance to chemical, mechanical, and external stresses vis-à-vis water-based inks. Solvent-based inks are used for the decoration of outdoor objects (in the signage industry), bottles, labels, and membrane switches. These inks are also employed in automotive and packaging industries.
Solvent-based inks are employed in the printing of products that are to be used outdoors due to their ability to adhere to non-absorbent materials. These inks also exhibit other characteristics. For instance, these inks are fade proof, scratch resistant, and water proof. Thus, solvent-based inks are suitable for outdoor printing applications.
The global solvent-based inks market has been segmented based on printing technology, application, and region. Based on printing technology, the global solvent-based inks market has been classified into lithographic, gravure, flexographic, screen-printing, letterpress, and digital. Solvent-based inks are widely used in lithographic, gravure, and flexographic printing inks primarily due to their ability to dry quickly and ease of adaptation on various substrates.
In terms of application, the global solvent-based inks market has been divided into label & packaging, commercial printing, publication, and others (including wrapping paper, wallpaper, and textile). The label & packaging segment dominated the global solvent-based inks market in 2018. Demand for solvent-based inks in the publication segment, which comprises newspapers, magazines, books, and catalogs, is expected to witness stagnant growth owing to the shifting trend toward e-commerce, and online publicity and publication.
Based on region, the global solvent-based inks market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a leading consumer of solvent-based inks in the world. Rise in consumption of solvent-based inks in Asia Pacific can be ascribed to the increase in demand for these inks, especially in the packaging sector. India is one of the rapidly growing economies in the world. Enactment of favorable government regulations and expansion of medium and small enterprises in India are estimated to boost the solvent-based inks market in the country in the near future. Europe and North America account for large share of the global solvent-based inks market. The market in these regions is likely to expand at a sluggish pace owing to the slow growth of end-use industries.
The report analyzes and forecasts the solvent-based inks market at global and regional levels. The market has been forecast in terms of volume (tons) and revenue (US$ Mn) from 2018 to 2027. The study includes drivers and restraints of the global solvent-based inks market. It also covers the expected impact of these drivers and restraints on the demand for solvent-based inks during the forecast period. The report also highlights growth opportunities for the solvent-based inks market at the global and regional levels.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global solvent-based inks market. The Porter’s Five Forces model for the solvent-based inks market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein segments have been benchmarked by printing technology and application depending on their market size, growth rate, and general attractiveness. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for solvent-based inks in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study includes profiles of major companies operating in the global solvent-based inks market. The solvent-based inks market is dominated by large players. Key players operating in the global market include Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, and Toyo Ink SC Holdings Co., Ltd. Other players operating in the market include Lawter Inc., Yansefu Inks and Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, SICPA Holding SA, Fujifilm Sericol India Private Limited, Royal Dutch Printing Ink Factories Van Son, and T&K TOKA CO., LTD.
Global Solvent-based Inks Market, by Printing Technology
Global Solvent-based Inks Market, by Application
Global Solvent-based Inks Market, by Region
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