The advancement in technology and inks used in the inkjet technology promises substantial opportunity for market growth
The global ink additives market size is projected to reach nearly USD 2.6 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 5.2% over the forecast period of 2020-2028. The need for sustainable, low-cost, and safe additives has led to the production of new additives and chemistries, resulting in this increase. Additives that have superior performance qualities at a lower cost and provide a lower environmental footprint have the greatest chance of capturing the market. Due to increased demand from major applications, China, India, and other Southeast Asian countries are expected to see increased demand for ink additives. The demand for dispersing and wetting agents is growing due to increased demand from applications such as graphics art, printing, inkjet, and UV inks, especially in Asia Pacific.
The report also outlines the various characteristics of the global ink additives industry by assessing the market from value chain analysis. Moreover, the ink additives market report comprises various qualitative parts of the ink additives industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The ink additives market has huge competition amongst the already well-known and new market players. Also, the ink additives industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Ink compounds are mostly found in printing inks for packaging applications. The three main drivers driving packaging demand are customer understanding of health and wellbeing, the influence of environmental problems and recycling, and increasing disposable income and consumer buying power. Branding, reduced box sizes, affordability, and urbanization all contribute to increased packaging demand. The overall packaging market is dominated by flexible plastic packaging. The industry is supposed to benefit from the increasing middle-class population in Asia Pacific.
The major players of the global ink additives market are 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). The major players in the market comes up with some of the developments to enhance the market growth in the global industry.
Segment Overview of Global Ink additives Market
Type Overview, 2018-2028 (USD Billion)
- Rheology Modifiers
- Dispersing & Wetting Agents
- Foam Control Additives
- Slip/Rub Materials
Application Overview, 2018-2028 (USD Billion)
- Commercial Printing
Technology Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America