Global Ink Resins Market is expected to reach USD 10,313,237.79 thousand by 2026 from USD 5,449,965.18 thousand in 2018 growing at a substantial CAGR of 8.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Global ink resins market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will see a prominent growth in the coming years due to growing demand of polyurethane resin in flexible packaging and growing on-the-go food packaging to boost ink resins demand.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in July 2017, Anhui Elite Industrial Co., ltd launched a new product named as VAH ELT-VAAL, which is a vinyl polymer resin. The product shows good fluidity and has lower viscosity. They are highly applicable in coating and paint industry. With this launch, the requirements of customers will be fulfilled.
Mitsubishi Chemical Holdings Corporation dominated the global ink resins market and accounts for the highest market share in 2018 which is followed by BASF SE and Koninklijke DSM N.V. The other key players existing in the market includes Harima Chemicals Group, Inc., Resinall Corp, Ingevity, OMNOVA Solutions Inc., MHM Holding GmbH, Arakawa Chemical Industries Ltd., KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Puyang Shenghong Chemical Co.Ltd, Merida Pigment Industry Co., Ltd., Advanced Micro Polymers Inc., Eastman Chemical Company, Specialty Polymers, Inc., SAMSUNG POLYMER CO., LTD, The Lubrizol Corporation, Indulor, DIC CORPORATION and Flint Group.
Mitsubishi Chemical Corporation:
Mitsubishi Chemical Corporation is headquartered in Tokyo, Japan was founded in 2005. The company is engaged in providing products and services for performance products, industrial materials and health care. The company operates through five business segments which include Chemicals, Performance Products, Industrial Gases, Health Care and others. The market focused segment is Performance Products. The product categories of the company include Monomers, Polymers, Resins, Technical services in which resins is market focused category.
It has its global networks in Asia-Pacific, North America, Central South America, Europe and Africa. It operates through its subsidiaries such as Taiyo Nippon Sanso Corporation (Japan), Mitsubishi Chemical Corporation (Japan), Mitsubishi Tanabe Pharma Corporation (Japan), Verbatim Corporation (Japan), Matheson Tri-Gas, Inc. (U.S.) and others.
BASF SE:
BASF SE is headquartered in Ludwigshafen, Germany was established in 1865. The company is engaged in providing chemicals, plastics, performance products and crop protection products to oil and gas. The company has four operating divisions namely, functional materials & solutions, chemicals, performance products and agricultural solutions, and the market focused segment is chemicals. The product categories of the company include Automotive & Transportation, Agriculture, Plastics & Rubber, Electronics & Electric, Construction, Energy & Resources, Pharmaceuticals, Textile, Leather & Footwear, Furniture & Wood, Packaging & Print, Pulp & Paper, Home Care and I&I Cleaning, Paints & Coatings, Personal Care & Hygiene, Chemicals and Nutrition in which Packaging & Print is market focused category. The company has 1,22,404 Employees as of 31st December, 2018.
It has its global networks in Americas, Asia, Middle East and Africa and Europe. The company has various subsidiaries such as BASF Coatings GmbH (Germany), Wintershall , BASF Japan (Japan), Engelhard (U.S.), PCI Augsburg GmbH (Germany), Cognis (Germany) and Others.
Koninklijke DSM N.V.
Koninklijke DSM N.V. is headquartered in TE Heerlen, Netherlands was established in 1902. It is a multinational life sciences and materials sciences company that’s deals with the products of personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics related applications. It operates through four major strategic business units which include Nutrition, Materials, Innovation Center, Corporate Activities and the market focused segment is Materials. The product categories of the company include Animal Nutrition & Health, Automotive, Building & Construction, Electrical & Electronics, Energy, Food, Beverages & Dietary Supplements, Furniture, Life Protection, Manufacturing & Equipment, Marine, Medical, Packaging & Graphic Arts, Paint & Coatings, Personal Care, Pharma Solutions, Sports, Leisure &, Consumer Goods, Textiles & Clothing in which Packaging & Graphic Arts is market focused category.
The company has wide geographical presence in North America, Europe, Latin America, Asia-Pacific and Africa. It operates through its subsidiaries such as Martek Biosciences Corporation (U.S.), Fortitech, Inc. (U.S.), Kensey Nash Corporation (U.S.), Ocean Nutrition Canada (Canada), DSM Dyneema LLC (U.S.) and others.
