Global Ink Resins Market Size Was Valued at USD 3.6 Billion in 2022, and is Projected to Reach USD 5.02 Billion by 2030, Growing at a CAGR of 4.25% From 2023-2030.
Global Ink Resins Market Size Was Valued at USD 3.6 Billion in 2022, and is Projected to Reach USD 5.02 Billion by 2030, Growing at a CAGR of 4.25% From 2023-2030.
One of the raw materials used to make printing inks is ink resin. Pigments and ink scattering use ink resins to change the qualities of the final product. These resins are preferred for a wide range of end-use applications because of their important features, which include shine, dilatability, attractive surface appearance, consistency, liquidity, and flow.
Resins are crucial ingredients used in the production of several kinds of inks used in the packaging sector. Additionally, as e-commerce expands throughout the world, there is a growing need for packaging solutions, which is driving the market's expansion. Other applications for these resins include lithographic, flexographic, inkjet, offset, and sheet-fed printing. These applications are expected to propel the expansion of the ink resins market over the forecast period.
Printing inks are made with the aid of ink resins. They are utilized in pigments and ink dispersing to modify the final product's properties. Throughout the forecast period, rising demand for packaged foods and beverages is expected to play a significant role in the ink resins market's expansion.
Global Ink Resins Market Top Key Players:
Arizona Chemical (U.S.), Hydrite Chemical (U.S.), Lawter B.V. (U.S.), The Dow Chemical Company (U.S.), Sun Chemical(U.S.), Huntsman Corporation (U.S.), Emerald Performance Materials (U.S.), Celanese Corporation (U.S.), Wacker Chemie AG(Germany), BASF SE (Germany), Evonik Tego Chemie GmbH (Germany), Covestro AG (Germany),, Indulor (Germany), Lanxess (Germany), IGM Resins (Netherlands), DSM (Netherlands), Flint Group (Netherlands), Arakawa Chemical (Japan), Nippon Steel Chemical Co., Ltd. (Japan), DIC Corporation (Japan), Royal DSM N.V. (Netherlands), SK Chemicals Co., Ltd. (South Korea), LOTTE Chemical Corporation (South Korea), Jilin Chemical Industry Group Co., Ltd. (China), Sinopec Corporation (China),
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Global Ink Resins Market Segment Analysis:
Global Ink Resins Market Segmented on the basis of type, application, and end-users.
By Resin Type
By Technology
By Application
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Global Ink Resins Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
The ink industry is expanding thanks to the robust economies of China, India, and a few other smaller nations. Opportunities are especially present in the packaging industry as local manufacturers and international packaging converters grow. Over the Asia Pacific area, the printing inks industry grew at varying rates; China saw the largest increase, at 10%. Inkjet printing is becoming more and more popular in Asia Pacific, expanding quickly in both the consumer and industrial markets. Examples of these markets include wide format signage. In addition to personal use, the wide format markets in Australia and India are driving up demand for inkjet inks.
By Region
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Jan 08, 2024
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