The global Ink Additives market is expected to develop USD 830.2 million by 2028, at a compound annual increase in price (CAGR) of 2.4% throughout the forecast period.
The global ink additives market is anticipated to reach a value of USD 2.6 billion by 2028. Increased applications, technical advances, and increased demand from Asia Pacific, primarily from India, China, and Southeast Asian countries, are all contributing to this development. Growing e-commerce in APAC is expected to boost demand for corrugated boxes and boards, propelling the market for ink additives. Flexible packaging's distinct advantages, such as transparent barrier films, high graphic capability, lightweight, and simple sealability, have made it a common packaging choice in end-use industries such as food and beverage, retail, household electronics, pharmaceuticals, and others. The reusability of flexible packaging containers or pouches is required to achieve sustainability.
The use of ink in lightweight packaging improves the package's graphical appearance. It also adds to the package's success by ensuring that the image consistency is maintained in the processing, packaging, distribution, and use of the product. Dispersing agents and other pigment additives aid in the formulation of inks to achieve the desired color mix. The additives are also beneficial in the production of high-quality aqueous pigment dispersions with excellent pigment wetting properties and viscosity stability. The printing inks market is expected to expand due to increased customer convenience and the increasing use of flexible packaging in pouches.
Ink Additives Market Scope
|Revenue forecast in 2028
|USD 830.2 Million
|CAGR of 2.4% during 2018-2028
|Type, Application, Technology, Regions
|North America, Europe, Asia Pacific, South America, Middle East & Africa
|Key Players Profiled
|ALTANA AG (US), Evonik Industries (Germany), BASF SE (Germany), Elementis PLC (UK), Harima Chemicals Group (Japan), Shamrock Technologies (US), Munzing Chemie GmbH (Germany), Dow Corning (US), Solvay S.A. (Belgium), and Lubrizol (US
Key Segments of the Global Ink Additives Market
Type Overview, (USD Million)
- Rheology Modifiers
- Dispersing & Wetting Agents
- Foam Control Additives
- Slip/Rub Materials
Application Overview, (USD Million)
- Commercial Printing
Technology Overview, (USD Million)
Regional Overview, (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global ink additives market.
- Ink Additives is widely used for various end uses in commercial printing, owing to their excellent properties and the market is expected to gain traction over the coming years
- With the growing packaging uses, there is a rise in the demand for ink additives which is further expected to have a positive impact on the overall market growth
What does the report include?
- The study on the global ink additives market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the ink additives industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on Type and Application and Technology. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global ink additives market. The report will benefit: Every stakeholder involved in the ink additives market.
- Managers within the ink additives industry looking to publish recent and forecasted statistics about the global ink additives market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global ink additives market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The Ink additives market is expected to be fueled by the change in trend among manufacturers from traditional materials to pouches in order to reduce material use and costs. The demand for ink additives will see significant growth thanks to inks used in inkjet technology. Inkjet technology is rapidly being used in a variety of applications, including picture printing, exterior signage, and banners, as well as the production of color filters for LCD TVs and circuit boards. The inkjet process is becoming more popular because it is the only print technology that can print messages just-in-time with a high degree of relevancy while printing in large quantities, as needed by marketers.
Many end-use industries are adapting this process due to advancements in the inkjet segment and lower per print unit printing costs. Manufacturers of inkjet printing inks are committed to developing products that are tailored to the needs of customers all over the world. One example is in developing economies such as Southeast Asia and Latin America, where the market for inkjet printers is increasingly increasing due to an increase in the number of personalized orders. Any industry's production is driven by low costs. The printing inks industry faces a significant cost risk. Crude oil price movements have had a strong negative effect on the prices of different crude oil-based raw materials.
Crude oil is used to make the majority of the chemicals used in the ink industry. Crude oil is more appealing to producers than any biodegradable source such as sunflower oil, canola oil, or castor oil because of its lower price. The majority of surfactants used in additives, such as wetting agents and dispersants, are obtained from crude oil. However, the overall ink additives industry could be harmed by the volatility of crude oil markets and the tightening of supply as a result of geopolitical issues. The recent currency exchange has had a negative effect on ink additives manufacturers' revenue production.
Based on the type, the market is segmented into Dispersing & Wetting Agents, Foam Control Additives, Slip/Rub Materials, Rheology Modifiers. The dispersing & wetting agents segment has the largest share in the market in 2019 and the market is forecasted to grow with the significant rate of above 5.5% CAGR over the forecast period. Dispersants aid in the stabilization of pigment suspension in varnish. They aid in the liquid phase dispersion of fine solid particles. Wetting agents, on the other hand, decrease surface tension and increase pigment dispersion. It's impossible to adequately wet the surface of substrates because of the high surface stress. When the surface of the substrate is sufficiently wet, the ink spills uniformly over the substrates without forming droplets, resulting in excellent print quality. In terms of the application segment, the market is segmented into Packaging, Publishing, Printing. In 2020, the solvent-based technology segment has the fastest growth in the market in 2019 and the market is forecasted to grow with the significant rate of above 6% CAGR over the forecast period.
The Asia Pacific region has the largest share in market with a CAGR of more than 35% in 2019 and is anticipated to continue with the same position during the forecast years 2018-2028. In 2019, the China is projected to hold the majority share of Asia Pacific demand for ink additives. The growing demand for ink additives from heavily populated countries such as India and China is due to the growth in printing and packaging industries of Asia Pacific region. The ink additives market in Asia Pacific is being driven by rising demand for flexographic printing inks in the packaging industry for corrugated containers, folding cartons, labels & tags, flexible packaging, and metal cans.
The major players of the global ink additives market are ALTANA AG (US), BASF SE (Germany), Evonik Industries (Germany), Elementis PLC (UK), Dow Corning (US), Shamrock Technologies (US), Munzing Chemie GmbH (Germany), Solvay S.A. (Belgium), Harima Chemicals Group (Japan), and Lubrizol (US). The ink additives market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.