Transparency Market Research (TMR) observes that the global market for solvent-based inks is highly fragmented and competitive by nature. Few companies such as Sun Chemical Group, Toyo Ink Mfg. Co., Ltd., Flint Group, Sakata INX, Huber Group and Siegwerk Druckfarben AG & Co. KGaA accounted for more than 75% of the shares in 2015 of the overall market. The number of new entrants is comparatively higher in the market. These new entrants are further intensifying competition among the players in upcoming years. In addition, these players are increasingly investing in the research and development activities for product innovation and reduction of operational and product cost. These players are increasingly taking part in strategies such as joint ventures, acquisitions, mergers, and partnerships for maintain their dominance in the market.