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For the most part, printing ink sales remained steady or grew slightly, and the primary printing trends – digital printing making greater inroads, packaging growing, and publication and commercial printing continuing to decline – remained steady.
Raw materials are the biggest concern. A shortage of a critical precursor of photoinitators led to major price increases and difficulty in keeping up with UV inks and coatings. Pigment supply is a concern, as China has placed a significant emphasis on improving its environment and shutting down offenders, leading to plant closures. Overall, raw material costs are on the rise.
The ink industry saw further consolidation within its customer and supplier bases, while also seeing a few significant mergers within its own ranks. On the ink side, T&K Toka made the largest move, acquiring Royal Dutch Van Son Holland Ink, the 16th largest ink manufacturer in the world with $130 million in sales in 2016.
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