Solvent-Based Printing Inks Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The solvent-based printing inks market size has exhibited strong growth in recent years. It will rise from $10.01 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to high print quality, durability and resistance, versatility in substrates, wide application spectrum, cost-effectiveness, and regulatory compliance challenges. Moreover, the market is expected to experience steady growth in the next few years, reaching $12.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The anticipated growth is attributed to advancements in formulations, increased efficiency, application innovation, environmental regulations compliance, and the growing end-user industries. Major trends in the forecast period include digital printing integration, established technology, environmental regulations and sustainability, technological advancements, and end-user industry dynamics.
Solvent-based printing inks market growth is expected to be fueled by 3D technology during the forecast period. The increasing global interest in 3D printing technology across consumer, research, and industrial sectors is anticipated to drive the demand for 3D printing inks, particularly solvent-based inks. Unlike 2D inks designed for planar surfaces, 3D inks are intended for volumetric constructs and devices. Noteworthy developments include the creation of a smart ink by researchers at Dartmouth College, transforming 3D-printed structures into shape and color-changing objects. Similarly, scientists at the Georgia Institute of Technology developed a novel ink that, when combined with a unique printing method and varying lighting conditions, solidifies 3D printed objects. In 2023, the 3D technology influence on the solvent-based printing inks market is evident and expected to persist through 2024 and 2028.
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What Are The Key Trends That Influence Solvent-Based Printing Inks Market Share Analysis?
Solvent-based printing ink companies are introducing thermal inkjet inks to cater to the growing demand. Thermal inkjet printing induces the ejection of the ink droplet by superheating a small portion of solvent-based ink. The advantages of thermal inkjet printing include better performance, lower costs, and ink versatility, especially in photo printing applications. For instance, Collins Inkjet has developed a new solvent-based TIJ ink, Stratus. It has increased dot control, decap time, and optical density.
Which Market Players Are Driving Growth In The Solvent-Based Printing Inks Market?
Major companies operating in the solvent-based printing inks market report are China National Petroleum Corporation, China Petrochemical Corporation, British Petroleum plc, Chevron Corporation, The Dow Chemical Company, Sun Chemical Corporation, Flint Group Holdings Limited, Toyo Ink SC Holdings Co. Ltd., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Grupo Idesa SA de CV, T&K Toka Co. Ltd., Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Bordeaux Digital PrintInk Ltd., Cinkarna Celje dd, SICPA Holding SA, Doneck Euroflex S.A, Royal Dutch Printing Ink Factories Van Son, Lawson Screen & Digital Products Inc., Yansefu Inks and Coatings Pvt. Ltd., Mirage Inks Co. Ltd., Golden Dyechem, TW Graphics Inc., O Ecotextiles Inc., Coatings Pvt. Ltd., Huber Group India Pvt. Ltd., Fujifilm Sericol India Private Limited, Stehlin Hostag UK Ltd., Gabba Screen Printing Supplies
How Is The Global Solvent-Based Printing Inks Market Segmented?
The solvent-based printing inks market covered in this report is segmented –
1) By Type: Cellulose Inks, Epoxy Inks, Vinyl Inks, Vinyl-Acrylic Inks, Polyurethane Inks
2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital, Other Printing Technologies
3) By Application: Label & Packaging, Commercial Printing, Publication, Other Applications
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The Solvent-Based Printing Inks Global Market Report 2024 provides an overview of the solvent-based printing inksmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The solvent-based printing inks market forecast analyzes solvent-based printing inks market size, solvent-based printing inks market share, leading competitor and their market positions.
The Table Of Content For The Solvent-Based Printing Inks Market Include
1. Solvent-Based Printing Inks Market Executive Summary
2. Solvent-Based Printing Inks Market Segments
3. Solvent-Based Printing Inks Market Size And Template Market Growth Rate
4. Key Solvent-Based Printing Inks Market Trends
5. Major Solvent-Based Printing Inks Market Drivers
……
25. Key Mergers And Acquisitions In The Solvent-Based Printing Inks Market
26. Top Solvent-Based Printing Inks Companies
27. Solvent-Based Printing Inks Market Opportunities And Strategies
28. Solvent-Based Printing Inks Market, Conclusions And Recommendations
29. Appendix
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