Middle East and Africa Ink Resins Market, By Resin (Acrylic, Polyurethane, Polyamide, Modified Rosin, Modified Cellulose, Hydrocarbon, Others), Ink Technology (Water-Based, Solvent-Based, UV-Curable, Powder), Application (Packaging, Corrugated Boards, Printing and Publication, Others), Printing Process (Lithographic, Flexographic, Gravure, Letterpress, Digital), Country (South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Middle East and Africa Ink Resins Market
The Middle East and Africa ink resins market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to exhibit a CAGR of 5.5% in the above-mentioned forecast period and is expected to reach the USD 122.77 million by 2028.
Ink resins are basically the transparent amorphous organic substances that are found in plant secretions and are soluble in organic solvents like ether except water and are used to produce inks with the addition of additive, solvent and pigments. The resins provide dissemination of the pigment and prevention of its re-accumulation. Ink resins are used in printing inks for the control of viscosity, increase of pigment adhesion properties, to increase solid content, gloss, in improvement of pigment wetting and many others. Resins are part of printing inks composition. Resins are used depending upon the type of ink technology, system on which printing is to be done and the end application.
The factors such as growing demand of packaged food and increasing demand of polyurethane resin in flexible packaging are the root cause fueling up the ink resins market growth rate. Additionally, the improving supply of raw materials and high growth of packaging and energy curable inks impact the growth rate of the ink resins market. Furthermore, environmental protection legislations, technological advancement associated with new ink resins and long-term strategic collaborations of ink resin suppliers with ink manufacturers are the major factors that will cushion the market growth rate.
Moreover, regular research and development activities by the resin manufacturers and renewed interest in water-based inks will generate various opportunities for the market.
However, high cost associated with ink resin feedstock and switch from traditional shopping to internet and screen-based marketing derail growth of the ink resins market. The presence of strict and time consuming regulatory policies will pose as challenge for the market’s growth.
This Middle East and Africa ink resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Middle East and Africa ink resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Ink Resins Market Scope and Market Size
Middle East and Africa ink resins market is segmented on the basis of resin, ink technology, application and printing process. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin, the ink resins market is segmented into acrylic, polyurethane, polyamide, modified rosin, modified cellulose, hydrocarbon and others.
- On the basis of ink technology, the ink resins market is segmented into water-based, solvent-based, uv-curable and powder.
- On the basis of application, the ink resins market is segmented into packaging, corrugated boards, printing and publication and others.
- On the basis of printing process, the ink resins market is segmented into lithographic, flexographic, gravure, letterpress and digital.
Middle East and Africa Ink Resins Market Country Level Analysis
Middle East and Africa ink resins market is analyzed and market size, volume information is provided by resin, ink technology, application and printing process as referenced above.
The countries covered in the Middle East and Africa ink resins market report are South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa.
The country section of Middle East and Africa ink resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Ink Resins Market Share Analysis
Middle East and Africa ink resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Middle East and Africa ink resins market.
The major players covered in Middle East and Africa ink resins market report are Harima Chemicals Group, Inc., BASF SE, Resinall Corp, Ingevity, OMNOVA Solutions Inc, Arakawa Chemical Industries Ltd., KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Shenghong Chemical, Meilida Pigment Industry Co.,Ltd., MHM Holding Beteiligungs Gmbh, Advanced Micro Polymers Inc., Mitsubishi Chemical Corporation., Eastman Chemical Company, DSM, Specialty Polymers, Inc, The Lubrizol Corporation, Indulor, DIC CORPORATION, Flint Group among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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