Solvent-Based Printing Inks Valued at $10.77 Billion in 2019: ResearchandMarkets

In ResearchandMarkets’ report, “Solvent-Based Printing Inks Global Market Report 2020,” the solvent-based printing inks market is valued at about $10.77 billion in 2019 and is expected to grow to $12.43 billion at a CAGR of 3.6% through 2023.

Solvent-based inks are pigment inks which are mixed with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and others which are waterproof and ultra-violet (UV) safe. They are relatively inexpensive and enable printing on flexible, uncoated vinyl substrates.

Western Europe was the largest region in the solvent-based printing inks market. This region is expected to remain the largest during the next five years. The solvent-based printing inks market in South America is forecasted to register the highest CAGR during 2018-2023.

A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the solvent-based printing inks market. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution.