Pune, India -- (SBWIRE) -- 05/11/2018 -- Ink Resin Market–Market Overview
Ink Resin is one of the four major components required to manufacture inks. The other components include solvent, additive and pigments. This composition of an ink resin considerably affects the overall property of the ink. Ink resin serve numerous important functions such as dispersion of the pigment and prevention of its re-agglomeration.
The major factors responsible for growing demand for the ink resin from major end users such packaging, printing & publications, and corrugated films. According to some of the leading market research institutes, the global printing ink market for packaging is projected to grow at a healthy CAGR of 6% due to increasing global demand for label packaging providing product nutritive information. Growing demand for the ink having distinguished color, design and appearance of the ink is a critical factor essential for attracting the customers. This is anticipated to give boost to the Global Ink Resin Market in the coming years.
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Ink Resin Market- Competitive Landscape
The Global Ink Resin is a highly mature market on account of significant presence of tier 1 players operating into the market. The market is mainly driven by the growing demand for the product from printing and publication application and packaging industry. The market is sufficiently concentrated by the presence of number large players yet, BASF SE, Royal Dsm N.V., DowDuPont, Evonik Industries AG are leading the overall share of the market. These are the major manufacturers in this market. About all of these players are mainly adopting the agreement, product launch, and expansion business tactics to strengthen further their market position and also sustain the growing competition. During the forecast period, surging demand from the major end users such as corrugated films and flexible packaging is projected to propel growth of the Global Ink Resin Market. Additionally, the collaborations and agreements between manufacturers, distributers and marketing firms are the substantial forces operating in this market to drive the growth. Considering all such trends, the Global Ink Resin Market is estimated to foresee great competition over the forecast period of 2017-2023.
Industry/ Innovation/ Related News:
June 17, 2017- Flint Group, a Luxemburg based private company, has launched a new generation Sheetfed UV Low Migration inks called UltraCURA® Sens, UltraCURA® Sens Plas and UltraCURA® Sens Bases. These products are created using a new resin technology system. These inks are the foremost among the all new series of advanced energy curing products of Flint Group introduced in 2017. Among them, the UltraCURA® Sens systems are low-migration and odor process ink and base inks for sheetfed and web offset packaging printing. They are suitable for both uncoated and coated papers.
July 12, 2017- Flint Group, a Luxemburg based company which is one of the largest suppliers to the printing and packaging industry worldwide, has announced global price rise for all of its packaging inks products. The main reason behind this price escalation by the company is the volatile prices of important raw material during 2017. The recent forecasts indicating that this pressure is less likely to lessen in near future as the company is moving into 2018.
June 6, 2017- The Coating & Adhesive Resins Business Line of a Germany based chemical company,Evonik Industries AG's Evonik Resource Efficiency GmbH, has increased prices for Degalan. The rise in price is escalated from min. 0.05 EUR per kg to over 0.45 EUR/kg for its DEGALAN® grades for paint, coatings and printing inks applications. The price rise or increase vary from region to region. Evonik Resource Efficiency remains committed to its high quality product standards and reliable services that customers have come to expect.
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