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Lithography is a specific method of printing based on the principle of immiscibility of oil and water. This process involves printing from a plane surface preferably a smooth stone or metal plate on which the image to be printed is worked. During this process, a greasy substance is used, which enables the ink to adhere to the plate while the non-image ink areas are made ink-repellent. This method is used to print on different services such as paper, metal sheets, and paperboards. Lithography inks are made of using raw materials such as resins, colorants, pigments, and additives. Lithography ink has wide range of applications in the packaging industry, and is also used in other industries such as automobile, textile, and food & beverages.
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The rapid growth in the packaging industry has proved to be the major contributing factor for the growth of the global lithography ink market. The packaging of a product holds great significance from the marketing and advertising aspect which has high impact on the decision-making of the consumers. The major companies use better printing techniques for the packaging of their products. The lithography printing process is gaining popularity across the globe due to its versatility of printing on a wide range of substrate and also because of its superior printing quality. This process also allows to print large volume of materials quickly. On the hand, the growth of food and beverages and the automobile sectors have also boosted the demand for lithography inks in the market. Â However, the fluctuating prices of the raw materials might act as a restraining factor for the market. Nonetheless, the rapid expansion of the packaging industry and the growing demand for better quality printing on the products of major companies is expected to boost the growth of the lithography inks market in the forecasted period.
The market in North America and Europe holds a major share of global lithography inks market owing to the increasing applications of advertising and promotional activities as well as the rapid development in the packaging sector in the developed nations. The market in the Asia Pacific region is also expected to witness significant growth with the rapid urbanization in the region. The increase in disposable income and the betterment in lifestyle of the consumers of the emerging economies such as India and China has caused a shift towards the e-commerce sector. This has increased the demand for the packaging industry which consequently drives the growth of the lithographic inks market.
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Lithography Inks Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Toyo Ink Co., Ltd., Flint Group, FUJIFILM Holdings America Corporation, NX International Ink Co., HuberGroup, Wikoff Color Corporation, SiegwerkDruckfarben AG & Co. KgaA, Tokyo Printing Ink Mfg. Co. Ltd., DIC Corporation, T&K Toka Co. Ltd. |
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