The global market for ink additives is projected to reach USD 793.6 Million by 2021, at a CAGR of 4.9% during the forecast period. The global ink additives industry is witnessing growth on account of increasing applications, technological advancements, and increasing demand in the Asia-Pacific region, mainly from China, Japan, and India. Also, the growing e-commerce business in the region is expected to lead to an increase in the demand for corrugated boxes and boards, further leading to the growth of the ink additives market.
Seattle, WA -- (SBWIRE) -- 03/30/2017 -- The report "Ink Additives Market by Type (Rheology Modifiers, Slip/Rub Materials, Defoamers, Dispersants), Technology (Water-based, Solvent-Based), Process, Application (Packaging, Publishing, Commercial Printing), Region - Global Forecast to 2021", The global ink additives market was valued at USD 592.8 Million in 2015 and is projected to reach USD 793.6 Million by 2021, at a CAGR of 4.9% from 2016 and 2021.
Browse 201 market data tables and 53 figures spread through 218 pages and in-depth TOC on "Ink Additives Market - Global Forecast to 2021"
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Growing demand for sustainable, low cost, and safe additives has led to the development of new additives and chemistries. Additives that offer excellent performance characteristics at reduced costs and have a lower impact on the environment are expected to lead in the ink additives market. China, India, Brazil and South East Asia are expected to witness an increasing demand for ink additives owing to the increased demand from major end-use industries.
Slip/rub materials were the most consumed additives in the printing ink industry
The increasing demand from end-use applications, such as graphic art, publishing, inkjet, and UV inks, particularly in the Asia-Pacific region, is driving the slip/rub material additives market. In the slip/rub additives segment, wax holds a significant share. Polyethylene wax and Polytetrafluoroethylene (PTFE) wax are the major types of wax used as slip additives. Waxes are used in a wide range of applications as they provide excellent performance benefits.
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Demand for ink additives in packaging to register the highest growth rate during the forecast period
Ink additives are mostly used in printing inks in the packaging industry. Consumer awareness about health and wellness, influence of environmental issues & recycling, and the increasing disposable incomes & consumer purchasing power are the three major factors which drive the demand for packaging. Other factors such as branding, smaller package size, convenience, and urbanization further boost the demand for packaging. Flexible plastic packaging leads the overall packaging industry. The growing middle class populations across the Asia-Pacific region and Latin America are expected to benefit the growth of the overall industry.
Asia-Pacific region is the largest consumer of ink additives
The Asia-Pacific region is the largest market for ink additives, in terms of value, followed by North America and Europe. The U.S., Japan, China, India, and Germany are the largest consumers of ink additives. Easy availability of raw materials and cheap labor, coupled with significant domestic demand make the Asia-Pacific region market the most attractive one for industry participants. The high demand for flexible packaging in the U.S. is expected to drive the overall ink additives consumption in North America.
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The key players profiled in the report include ALTANA AG (U.S.), BASF SE (Germany), Evonik Industries (Germany), Elementis plc (U.K.), The Huntsman Corporation (U.S.), Dow Corning (U.S.), Honeywell Corporation (U.S.), Shamrock Technologies (U.S.), Munzing Chemie GmbH (Germany), Croda International PLC (U.K.), Solvay S.A. (Belgium), Keim-Additec Surface GmbH (Germany), Allnex (Germany), PolyOne Corporation (U.S.), and Dorf Ketal (India).
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