Ink Resins Market Estimated to Reach $4.7 Billion by 2027: Transparency Market Research

The global ink resins market was valued at $3 billion in 2018 and is anticipated to expand at a CAGR of more than 5% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) titled “Ink Resins Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.”

Printing ink manufacturers use ink resins as raw materials to impart significant characteristics to printing inks. These characteristics include high solid content, viscosity, gloss, and improved pigment wetting. 

Packaging is an important requirement for all products. It protects products from a variety of factors such as incorrect handling and harsh environments. Attractive packaging also plays an important role in the sale of products. Good packaging can positively influence a consumer’s purchasing decision. Manufacturers and consumers have started realizing these benefits of packaging. As a result, the global packaging industry has been expanding at a considerable pace over the last few years. All types of packaging require printing inks, while all printing inks require ink resins as one of the raw materials. Thus, the growth of the packaging industry is expected to drive the global ink resins market during the forecast period.

Digitization can be defined as the development of pictures and texts in the digital form. The process of digitization started with the development of computers, mobile phones, and the Internet. Several textbooks, novels, and illustrative books are currently available on the Internet. Even marketing campaigns at present require printed material in fewer amounts, as part of those campaigns can be conducted online. The trend of e-commerce is growing at a rapid pace across the world and this has hampered several industries including the publication & commercial printing industry. This, in turn, is likely to restrain the global ink resins market during the forecast period.

Various types of ink resins are available in the market. They include modified rosins, hydrocarbon resins, polyamides, acrylics, and polyurethanes. Different types of ink resins involve different advantages as well as disadvantages. Ink resins can be manufactured as per the precise requirement of the final printing ink. They can even be customized for specific applications such as packaging, publishing, and commercial printing. However, the development of such high-precision ink resins is only possible through close collaboration between printing ink manufacturers and ink additive manufacturers. Such collaborations also present lucrative opportunities for ink resin manufacturers.

In terms of type, the global ink resins market has been segmented into modified rosin, hydrocarbon resin, modified cellulose, acrylic, polyamide, and polyurethane. The modified rosin segment accounts for a prominent share of the market, due to low price and easy availability of modified rosins. Based on the printing process, the market has been segregated into lithography, flexography, gravure, digital, and others. The lithography segment holds a key share of the market, primarily because lithographic printing is widely employed in end-user industries such as printing and publishing.

In terms of printing ink, the global ink resins market has been classified into water-based, solvent-based, UV-cured, and oil-based. Solvent-based printing inks consume a large share of ink resins. In terms of application, the market has been divided into packaging, publishing, commercial printing, and others. Packaging is the primary application of printing inks and, in turn, that of ink resins. Furthermore, with rising awareness regarding the significance of packaging, the packaging segment is expected to gain market share by the end of the forecast period.

In terms of region, the global ink additives market has been divided into North America (the U.S. and Canada), Latin America (Brazil, Mexico, and Rest of Latin America), Europe (Germany, the U.K., France, Italy, Spain, Russia & CIS, and Rest of Europe), Asia Pacific (China, India, Japan, ASEAN, and Rest of Asia Pacific), and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa). Asia Pacific is the leading consumer of ink resins worldwide, due to the large production of printing inks in the region.