Home Press Releases Ink Resins Market Research by Size, Top Leading Countries, Drivers, Trends, Challenges and Global Forecast

Ink Resins Market Research by Size, Top Leading Countries, Drivers, Trends, Challenges and Global Forecast

by Press Room


 


(EMAILWIRE.COM, April 07, 2023 ) The ink resins market is estimated to be USD 3.3 billion in 2021 and is projected to reach USD 3.8 billion by 2026, at a CAGR of 3.4%. Increasing environmental protection standards for the printing ink industry, growth of packaging and energy curable inks industries, increasing demand for UV-cured inks, and new resin technologies are the key factors contributing to the growth of the ink resins market.

UV-curable-based technology to be the fastest-growing technology between 2021 and 2026. The use of UV-curable inks in the US in the packaging market continues to increase, especially with the introduction of low migration inks that support current global and regional regulations. Key advantages of UV-cured inks are solvent-free inks resulting in lower insurance, high level of product resistance, ease of usage, and flexibility to accommodate various sizes and variety of print jobs. Solvent-based inks continue to be the largest technology segment. The main resin used is low viscosity nitrocellulose (NC), which is featured in more than 70% of all solvent-based liquid inks. Liquid media, based on NC, disperse pigment reasonably well, have a good balance between viscosity and solids content, have low odor, print well, and are compatible with a large number of media based on other polymers.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148158216

Browse in-depth TOC on “Ink Resin Market”

148 – Market Data Tables

55 – Figures

225 – Pages

Modified rosin segment to dominate ink resins market. Rosin is expected to be the largest ink resin type segment. The modified rosin is a natural resin obtained from pine trees and is regarded as an inexpensive resin. Its price has risen slightly over the last decade; however, there has been little decline in its use. It is ecologically sound to produce rosin from living sources, as opposed to fossil sources and tree stumps, making gum rosin a regenerative starting material for printing ink resins. Rosin has been used in alcohol-based lacquers, in combination with mineral oils for applications such as comic publication and newspaper inks.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=148158216

Printing & publication to be the largest application. There is a high potential for demand growth of ink resins from the flexible packaging and corrugated cardboard & cartons segments during 2021-2026 due to improved living standard in developing countries and increased demand for food security. The demand for resins from the printing & publication segment is declining due to the shift toward the digital media and the Internet in addition to the decline in demand from the newspaper and magazine industry.

Gravure segment to lead ink resins market. Gravure and flexographic printing processes continue to replace lithographic inks in several applications with the growing packaging segment. The digital printing process is rapidly gaining market share owing to the shift from ink media to electronic media in the publication sector. Other printing processes such as letterpress have become obsolete and are losing market share to the flexographic and gravure processes.

Asia Pacific is the largest and the fastest-growing market for ink resins. The development is mainly attributed to the booming economies in China, India, and Southeast Asian countries. Manufacturers and packaging converters have been moving to the region due to the low cost of production and ability to serve the local emerging markets better.

Don’t miss out on business opportunities in Ink Resin Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=148158216

As of 2020, the top five ink resins manufacturers are BASF SE (Germany), Covestro AG (Germany), The Dow Chemical Company (US), Evonik Industries AG (Germany), and Lawter (US). Continuous developments in the market, including expansion, acquisitions, and agreements, are expected to help the market grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC