Global Ink Resins Market is projected to register a substantial CAGR of 8.4% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Drivers: Global Ink Resins Market
- Growing on-the-go food packaging to boost ink resins demand
- Increasing demand for consumer goods helping digital printing technology
Restraints:
- Emission of VOC from solvent based resins
- High fluctuation in resin prices
Opportunity:
- Emerging reverse printing method with polyurethane resin
Challenge:
- Toxicity creates hurdles for resin manufacturers
Market Trends:
Global ink resins market is segmented into three notable segments which are resin, ink technology and application.
- On the basis of resin, the market is segmented into acrylic, polyurethane, polyamide, modified rosin, modified cellulose, hydrocarbon, others. In 2019, acrylic is expected to dominate the global ink resins market with the largest market share as the inks made from acrylic have a high resistance power and the resin is easily available as compared to other resins It also enhance the multiple properties such as flexibility reactivity, moisture resistance and others.
- On the basis of ink technology, the market is segmented into water-based, solvent-based, UV-curable and powder.
- On the basis of application, the market is segmented into packaging, printing & publications and others. In 2019, packaging segment is expected to dominate the global ink resins market with the largest market share because the packaging industry is itself is very huge and also the demand of inks in printing books also get reduced because of the latest technologies which have come up such as e-books, online classes and others.
Key Market Players: Global Ink Resins Market
The key market players for global ink resins market are Harima Chemicals Group, Inc., BASF SE, 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., Mitsubishi Chemical Holdings Corporation, Eastman Chemical Company, Koninklijke DSM N.V., Specialty Polymers, Inc., SAMSUNG POLYMER CO., LTD, The Lubrizol Corporation, Indulor, DIC CORPORATION and Flint Group.
