Solvent-based inks are pigment inks that are mixed with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and others that are waterproof and ultraviolet (UV) safe. They are relatively inexpensive and enable printing on flexible, uncoated vinyl substrates, which are used to produce vehicle graphics, billboards, 3D printed objects, banners, and adhesive decals.
Sizing and Forecast
The solvent-based printing inks market size has grown strongly in recent years. It will grow from $10.01 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to high print quality, durability and resistance, versatility in substrates, wide application spectrum, cost-effectiveness, regulatory compliance challenges.
The solvent-based printing inks market size is expected to see steady growth in the next few years. It will grow to $12.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to advancements in formulations, increased efficiency, application innovation, environmental regulations compliance, growing end-user industries. Major trends in the forecast period include digital printing integration, established technology, environmental regulations and sustainability, technological advancements, end-user industry dynamics.
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Segmentation & Regional Insights
The solvent-based printing inks market covered in this report is segmented –
1) By Type: Cellulose Inks, Epoxy Inks, Vinyl Inks, Vinyl-Acrylic Inks, Polyurethane Inks
2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital, Other Printing Technologies
3) By Application: Label & Packaging, Commercial Printing, Publication, Other Applications
Western Europe was the largest region in the solvent-based printing inks market in 2023. Asia Pacific was the second-largest region in the solvent-based printing inks market report. The regions covered in the solvent-based printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
3D technology will be a driver of the solvent-based printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks such as solvent-based inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. For instance, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink that, when combined with a new method of printing and with varying lighting, hardens the 3D printed object.
Key Industry Players
Major companies operating in the solvent-based printing inks market report are China National Petroleum Corporation, China Petrochemical Corporation, British Petroleum plc, Chevron Corporation, The Dow Chemical Company, Sun Chemical Corporation, Flint Group Holdings Limited, Toyo Ink SC Holdings Co. Ltd., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Grupo Idesa SA de CV, T&K Toka Co. Ltd., Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Bordeaux Digital PrintInk Ltd., Cinkarna Celje dd, SICPA Holding SA, Doneck Euroflex S.A, Royal Dutch Printing Ink Factories Van Son, Lawson Screen & Digital Products Inc., Yansefu Inks and Coatings Pvt. Ltd., Mirage Inks Co. Ltd., Golden Dyechem, TW Graphics Inc., O Ecotextiles Inc., Coatings Pvt. Ltd., Huber Group India Pvt. Ltd., Fujifilm Sericol India Private Limited, Stehlin Hostag UK Ltd., Gabba Screen Printing Supplies
The solvent-based printing inks market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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