Sarasota, FL -- (SBWIRE) -- 04/16/2019 -- Global Ink Additives Market: Overview
Ink additives are the products generally used for printing on various materials, such as rubber, cardboard, papers, and metals.
Global Ink Additives Market: Growth Factors
With printing sector flourishing across the globe, the ink additives market is anticipated to gain momentum in the years ahead. The growth of the market can also be attributed to rising product applications, technological breakthroughs, and escalating demand for product from Asia Pacific region, primarily from countries such as India, China, and Southeast Asia. In addition to this, the thriving e-commerce business activities in APAC are expected to enhance the demand for corrugated boxes and boards, thereby driving the ink additives market size. Currently, solvent-based technology is used across the globe as a result of its low costs as well as for gravure and flexographic processes and this in turn will proliferate the demand for ink additives. With thriving packaging sector and massive applications of the product in this sector will spur the expansion of ink additives market over the forthcoming years. Today, flexible packaging has become a growing trend and this will further elevate the growth graph of the ink additive market in the ensuing years.
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Global Ink Additives Market: Segmentation
The global ink additives market can be divided into type, process, technology, and application. Based on the type, the market is sectored into Dispersing & Wetting Agents, Foam Control Additives, Slip/Rub Materials, and Rheology Modifiers. On the basis of application, the market is sectored into Packaging, Publishing, and Printing.
Global Ink Additives Market: Regional Analysis
Based on regions, the global ink additives market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific is likely to contribute notably towards the global ink additives market over the estimated timeframe. The escalating popularity of flexographic printing inks in the packaging industry for corrugated containers, flexible packaging, folding cartons, labels & tags, and metal cans is driving the ink additives market in Asia Pacific. Massive demand for the products in countries such as India, China, and South East regions will create lucrative growth avenues for the ink additives market in the coming years.
North America and Europe are anticipated to contribute massively towards the global ink additives market share in the coming decade. Latin America and the Middle East and African markets have huge growth potential and are likely to account majorly towards the market growth in terms of both size and revenue.
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Global Ink Additives Market: Competitive Players
Some of the major players operating in ink additives market include ALTANA AG (US), BASF SE (Germany), Evonik Industries (Germany), Elementis PLC (UK), Dow Corning (US), Shamrock Technologies (US), Munzing Chemie GmbH (Germany), Solvay S.A. (Belgium), Harima Chemicals Group (Japan), and Lubrizol (US).New product launch and merger & acquisition were among the key growth strategies adopted by these leading players to enhance their product offering and regional presence and meet the growing demand for ink additives from emerging economies.
Global Ink Additives Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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