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Ink Resins Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10580 | Pages: NA | Jun 2021 | 56 Views | | |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
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Ink resins are a specific category of resins used in the manufacture of printing inks. These resins are added in order to make superior quality inks with better appearance. They improve the flowing ability of the ink by providing optimum viscosity. The pigments also provide durability and long lasting adhesion to the surface. Moreover, the ink resins add gloss, stability and dispersion properties to the ink and also increase the drying speed. The ink resins are widely used for the production of inks used in printing and publication, for printing paper board and cartons and also in flexible packaging.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Printing Process, Printing Ink, Application and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Arakawa Chemical, Arizona Chemical, Hydrite Chemical, IGM Resins, Indulor, Evonik Industries, Lawter B.V., Royal DSM N.V., The Dow Chemical Company and BASF SE. |
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global ink resins market to a great extent.
- The outbreak of the global pandemic caused a decrease in the disposable income among the consumers. As a result, the demand for various retail products and packaged food decreased and consequently the demand for ink resins for printing also went down.
- Due to the lockdowns imposed by the governments, several manufacturing facilities had to lower their production or in some cases stop the production activities, which resulted in a significant decrease in the demand for ink resins in the market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
A major factor that contributed to the escalating demand for ink resins is the rapid growth of the print media and commercial and industrial prints. Moreover, flexible packaging sector is gaining traction due to the requirement to provide all the necessary information about the contents on the package, especially in the food and beverages industry. In addition, the quality of ink used on the packaging including the color and appearance is very critical for gaining the attention of the consumers. Thus, most of the major companies tend to use better quality inks for the packaging and labeling of their products. The shift of the consumers toward packaged food and other retailed products along with the necessity to maintain proper sentiment for the brand among the consumers toward the product is expected to fuel the need for better quality printing inks in the market. The extensive R&D on newer printing technologies such as inkjet and offset also provide opportunities for the growth of the ink resins market. However, the fluctuating prices of the raw materials might restrain the growth of the market.
The market in the Asia-Pacific region holds a significant share of the global printing inks market due to the high population density and the massive market for packaged food and retail products that require huge volume of printing inks for the packaging. The market in the North America region is also expected to grow significantly with the U.S. leading the market.
Key segments covered:
Segments | Sub-segments |
Type |
|
Printing Process |
|
Printing Ink |
|
Applications |
|
Key benefits of the report:
- This study presents the analytical depiction of the global ink resins industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ink resins market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ink resins market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global ink resins market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Ink Resins Market research report:
- What are the leading market players active in the ink resins market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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