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    Features

    The 2018 Top International Ink Companies Report

    Raw materials, consolidation are impacting the global ink industry.

    The 2018 Top International Ink Companies Report
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    Ink World staff08.01.18
    Check out the latest Top International Ink Companies Report

    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.

    Siegwerk was active, adding Agfa’s UV inkjet ink division as well as Tupahue Tintas, a family-owned Brazilian flexo and gravure ink and varnish manufacturer, and Van Son Liquids B.V., which produced water-based flexo and gravure printing inks. Wikoff Color also made a significant move in the South American packaging ink field, acquiring Verti Produtos Químicos.

    In the US, Sun Chemical acquired UV ink specialist Joules Angstrom UV Printing Inks, as well as PPG’s metal deco ink segment. In southern Europe, Flint Group added Eston Chimica SRL, a flexo and gravure water-based inks specialist located in Italy.

    There were three billion-dollar mergers in the printing industry: Multi-Color adding Constantia Flexibles’ Labels Division, Coveris Holdings selling its Americas packaging business to Transcontinental, and Graphic Packaging combining with International Paper’s North American Consumer Packaging business.

    Perhaps most interesting, at least three multi-billion-dollar mergers were shut down. The Clariant-Huntsman consolidation was halted. In what would have been a major move, Smurfit Kappa fended off International Paper’s attempt to acquire them. Fujifilm’s attempted purchase of Xerox was shut down.

    There are undoubtedly more changes ahead for the ink industry, and with consolidation and raw material volatility on the rise, the next 12 months will likely be challenging for the industry.

    The Top International Ink Companies (Ink and Graphic Arts Sales)
    DIC/Sun Chemical  $4.60B
    Flint Group $2.50B
    Sakata INX  $1.31B
    Toyo Ink  $1.30B
    Siegwerk Group $1.08B
    hubergroup  $990M
    T&K Toka  $432M
    Tokyo Printing Ink  $408M
    Fujifilm North America  $400M*
    SICPA  $375M*
    ALTANA AG $330M
    Dainichiseika Color  $272M
    Wikoff Color $190M*
    Yip’s Chemical Holdings $179M
    Uflex $110M
    Sanchez SA de CV $104M
    Marabu GmbH & Co. KG $100M*
    Xinxiang Wende Xiangchuan  $100M*
    Zeller+Gmelin $100M
    Daihan Ink  $90M
    Letong Chemical  $75M*
    Bordeaux Digital PrintInk Ltd. $60M*
    Epple Druckfarben $55M
    RUCO Druckfarben   $40M

    * Ink World estimate
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