2024 Solvent-Based Inks Market Analysis: Market Size, Key Drivers, and Segment Insights
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What Will Be the Growth Trajectory of the Solvent-Based Inks Market from 2024 to 2033?
The solvent-based inks market has shown strong growth, anticipated to grow from $8.47 billion in 2023 to $8.90 billion in 2024, with a CAGR of 5.2%. Contributing factors include growth in the digital printing industry, the lamination industry, the transportation sector, and rising investments in solvent-based inks.
The solvent-based inks market is expected to grow strongly, reaching $10.98 billion by 2028 with a CAGR of 5.4%. Growth drivers include the demand for packaging materials and outdoor advertising. Key trends include a shift toward high-quality prints and ongoing research and development.
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What Are the Primary Growth Drivers for the 2024 Solvent-Based Inks Market Analysis: Market Size, Key Drivers, and Segment Insights Market?
The rising spending on printed advertising is projected to benefit the solvent-based inks market. Print advertising targets specific demographics effectively and builds brand awareness over time. Solvent-based inks ensure print quality and longevity, crucial for maintaining advertising impact. The International News Media Association reported a 4.8% growth in print advertising spending globally in 2021. Therefore, the increasing expenditure on printed advertising is driving the solvent-based inks market.
What Are the Defining Segments of the Solvent-Based Inks Market?
1) By Product Type: Vinyl Inks; Vinyl-Acrylic Inks; Epoxy Inks; Polyurethane Inks; Cellulose Inks
2) By Printing Technology: Lithographic; Gravure; Flexographic; Screen-Printing; Letterpress; Digital
3) By Application: Label And Packaging; Commercial Printing; Publication; Other Applications
What Trends Are Revolutionizing Standards in the Solvent-Based Inks Market?
Major companies in the solvent-based inks market are innovating products like ONECode solvent-based inks and coatings. In July 2021, Flint Group launched this product line to simplify flexible packaging printing, reduce waste, and enhance customer support.
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What Regions Are Propelling Growth in the Solvent-Based Inks Industry?
Asia-Pacific was the largest region in the solvent-based inks market in 2023. It is expected to be the fastest growing region in the market. The regions covered in the solvent-based inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Solvent-Based Inks Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the solvent-based inks market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Solvent-Based Inks Market Include
1. Solvent-Based Inks Market Executive Summary
2. Solvent-Based Inks Market Segments
3. Solvent-Based Inks Market Size And Template Market Growth Rate
4. Key Solvent-Based Inks Market Trends
5. Major Solvent-Based Inks Market Drivers
……
25. Key Mergers And Acquisitions In The Solvent-Based Inks Market
26. Top Solvent-Based Inks Companies
27. Solvent-Based Inks Market Opportunities And Strategies
28. Solvent-Based Inks Market, Conclusions And Recommendations
29. Appendix
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