Global gravure printing ink market was valued at US$1.8 bn in 2015 and is projected to reach US$2.6 bn by 2024 at a CAGR of 3.98% therein.
Albany, NY -- (SBWIRE) -- 11/03/2016 -- This research study analyzes the market for gravure printing ink in terms of revenue (US$ Mn) and volume (Kilo Tons). The gravure printing ink market has been segmented on the basis of product, end use applications, and geography. The geographical segmentation includes regions, which are further divided into 20 countries-in the global gravure printing ink market. The report features a detailed regional segmentation with market growth forecasts for the years 2016?2024. 2015 has been considered as the base year and 2016 the estimated year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country-specific levels from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the development of gravure printing ink technologies for the gravure printing ink business. The report also includes key market dynamics such as the drivers, restraints, and opportunities affecting the global gravure printing ink market. These are analyzed in detail and illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of the Porter's Five Forces Analysis model, which helps in understanding the factors that affect the structure and profitability of the global gravure printing ink market. These are the bargaining power of buyers, the bargaining power of suppliers, the threat of new entrants, the threat of substitutes, and the degree of competition.
The high-level analysis in the report provides detailed insights into the gravure printing ink business globally. There are currently numerous drivers for the market. The most prominent drivers include rapid growth in the packaging industry, increasing GDP in several countries, and rising demand for water-based gravure inks. Market attractiveness analysis was carried out for the gravure printing ink market on the basis of product type, application, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.
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On the basis of product type, the market has been segmented into solvent-based gravure printing inks and water-based gravure printing inks. By application, the gravure printing ink market has been segmented by various end-use applications, including food packaging, wallpapers, wrapping paper, furniture laminates, greeting cards, magazines, newspaper, and other applications.
In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. China is expected to remain the dominant market for gravure printing ink, with demand reaching 190.7 kilo tons by 2024. A zero tax agreement between ASEAN and China has created a stable position for ASEAN, which is expected to expand at a CAGR of 5.2% between 2016 and 2024.
India is one of the fastest-growing economies in the world. Favorable government regulations and the emergence of medium and small enterprises in India have contributed significantly to the gravure printing ink market.
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Key players in the gravure printing ink market are Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Lawter Inc. , Yansefu Inks and Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporation, Huber Group, Zeller+Gmelin GmbH & Co. KG, ALTANA AG, Wikoff Color Corporation, SICPA Holding SA, Fujifilm Sericol India Private Limited, Royal Dutch Printing Ink Factories Van Son and T&K Toka Co., Ltd. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.
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