Ink Resins Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2027, at a CAGR 5.2% during a forecast period.
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Ink resins are utilized significantly to make printing inks. Key properties that an ink resins have gloss, solvency, stability, flow, dilatability and good surface appearance. Resins are divided in four basic segments such as pigments, additive, solvent and other. The components of a resin prominently affects the overall features of the ink. Moreover, the resin also offers viscosity or an essential flow to the ink which is principally required for transfer of ink from press to substrate. Also, the resin provides to the gloss, dehydrating speed and resistance properties of an ink. The resin ink discovers it’s Types in adaptable packaging, paperboard and cartons, and printing and publication.
The scope of the report includes a comprehensive study of global as well as regional markets for Ink Resins with the rationales given for variants in the growth of the industry in certain regions.Increasing need for printing inks from the end user industries is anticipated to amplify the inks resins market. Refining raw materials resource for these resins is likely to boost the market growth. Industries functioning in this market are forming long term contracts with raw material supply in order to secure raw material supply.
Moreover, R&D activities about innovative ink resin technologies are expected to amplify the market. Increasing requirement of the ink resin from key end users such as printing press, commercial and industrial prints, and others is the major factor triggering the growth of market. In addition, the color, design and appearance of the ink is a main factor which attracts the customers, that in turns of increase in ink resin market in the forecast period. The growing per capita disposable incomes and standard of living, mostly in the emerging countries together with the consumer’s emotion to moving toward the use of packaged food, retail products, and beverages, are likely to initiate the market demand throughout the forecast period. However, the variations in the crude oil costs, cost demanding nature of innovative technologies and move from traditional to digital market are the key factors which hinders growth of the market throughout the projected period.
In Ink Resins market report, the Printing Process segment comprises Modified Resins, Hydrocarbon Resins, Modified Cellulose, Acrylic, Polyamide and Polyurethane. The Modified Resins sub-segment held a leading shares due to ease of availability, low price, and awareness about the product. Gum resin is raw material which used for production of modified resin, also this is used in an ink resin and used as a raw material in printing inks. The Printing Process segment is comprises Digital, Flexography, Gravure, Lithography, and Others. The Lithography sub-segment holds significant share of the market, due to amplified usage of the lithography printing process in several Types such as packaging, publishing, and commercial printing. The Printing Ink segment is includes Oil-based, UV-cured, Solvent-based, and Water-based. The Solvent-based sub-segment holds significant share of the market, due to rising consumer preference, easy availability and low price. The Application segment is comprises Commercial Printing, Publishing, Packaging, and Others. The Packaging sub-segment holds significant share of the market, due to packaging is the most common Type of printing inks. Packaging needs printing inks to represent information, like logo and design, on it.
Based on regional segment, the Ink Resins Market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is the maximum market of ink resins because of the growing dynamics of the region. Asia-Pacific is the fastest developing market for ink resins, due to presence of dynamic and growing economies in the region, for example, India, Japan, China, Singapore, and South Korea. India and China are the major shareholders in this region on records of developing interest for ink resin in packaging industry. As far as volume, the development of the ink resins market is expand towards the expanding trends of packaged food items and web based shopping. The web based shopping market was represented over US$ XX trillion in 2018 in Asia-Pacific, which is anticipated to significantly affect the development of the ink resins market in projected period. North America is the second leading market in the worldwide ink resins market after Asia-Pacific. The US is amplifying the market in this region, which is credited to tremendous demand of packaged food and other retail items and developing food and beverages industry. Europe is another noteworthy region in the worldwide ink resins market. Significant contributors of the regional market are the Germany, France, UK, and Switzerland, in spite of the fact that the area is foreseen to observe a moderate development during the estimated period because of slower development of end user and economic slowdown. Latin America is projected to account a noteworthy CAGR due to stimulating economy and high growth latent of Brazil and Mexico. In forthcoming years, the Middle East & Africa region is set to develop at impressive CGAR because of the immense development openings offered by the travel industry.
The report covers the market leaders, followers and new entrants in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and M&A activities are covered in the report in detail from 2014 to 2019. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. More than ten companies are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.
The objective of the report is to present a comprehensive analysis of the Ink Resins Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Application. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Application on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Ink Resins Market dynamics, structure by analyzing the market segments and project the Ink Resins Market size. Clear representation of competitive analysis of key players by Printing Process, price, financial position, Product portfolio, growth strategies, and regional presence in the Ink Resins Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Scope of the Ink Resins Market: Inquire before buying
Ink Resins Market, By Type
• Modified Resins
• Hydrocarbon Resins
• Modified Cellulose
• Acrylic, Polyamide
Ink Resins Market, By Printing Process
Ink Resins Market, By Printing Ink
Ink Resins Market, By Application
• Commercial Printing
Ink Resins Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Ink Resins Market
• Arakawa Chemical Industries
• Evonik Industries
• Royal DSM
• Dow Chemical
• allnex group
• CASKYD INDUSTRIAL RESINS AND CHEMICALS
• Crescent Chemicals
• D.R.Coats Ink & Resins
• IGM Resins
• Indulor Chemie
• Kane International Corporation
• Kausik Printing INK
• MACRO POLYMERS
• SETCO CHEMICALS
• Vil Resins
• Arizona Chemical
• Hydrite Chemical
• DowDuPont Inc.
• KRATON CORPORATION
• US-Polymers-Accurez LLC.
• Harima Chemicals Group, Inc.,
• OMNOVA Solutions Inc.
• MHM Holding GmbH
• Gellner Industrial LLC
• Puyang Shenghong Chemical Co.Ltd.
• Merida Pigment Industry Co., Ltd.
• Advanced Micro Polymers Inc.
• Mitsubishi Chemical Holdings Corporation
• Eastman Chemical Company
• Koninklijke DSM N.V.
• Specialty Polymers, Inc.
• SAMSUNG POLYMER CO., LTD
• The Lubrizol Corporation
• Flint Group
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