Global Ink Additives Market – Forecast Based on Production Process and Opportunity Assessment by Technavio

LONDON–(BUSINESS WIRE)–#Inkadditives–According to the latest market study released by Technavio,
the global
ink additives market is expected to reach USD 785.3 million by
2021, growing at a CAGR of almost 5%.

This research report titled ‘Global
Ink Additives Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The global ink additives market is expected to grow over the forecast
period due to the increasing demand from various end-use industries such
as packaging and printing. Based on the production process, the
flexographic process had the largest share of 41.5% of total market
share in 2016. The increased per capita income from APAC countries such
as India, China, and Thailand is expected to increase the use of ink
additives in packaging and printing applications.

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Technavio’s chemicals
and materials research analysts categorize the global ink
additives market into the following segments by the production process.
They are:

• Flexographic
• Lithographic
• Gravure
• Digital
• Others

The top three production process segments for the global ink additives
market are discussed below:

Flexographic

Flexographic inks are mainly used for printing on flexible packaging,
corrugated board cartons, shrink sleeves, flexible sleeves, bags and
sacks, labels, molds, wrap arounds, envelopes, sanitary ware and
kitchenware, folding cartons, and newspapers. These ink additives are
commonly used in a broad range of food packaging products such as cups,
seal bags, pouches, sachets, and paper bags.

According to Hitesh Bhatia, a lead paints,
coatings, and pigments research analyst from Technavio, “The
major driver contributing to the growth of the global e-commerce market
is the diverse portfolio of product segments such as apparels,
cosmetics, electronic gadgets, and books. The growth of e-commerce will
drive the demand for flexible packaging thereby, driving the demand for
ink additives.”

Lithographic

Lithography is the most widespread of the printing processes, and its
cost-effective nature makes it widely used in packaging and printing
applications. Lithography printing inks are also called as offset inks.
In this process, the image is printed on a flat metal surface, then
rolled on rubbers and finally onto the substrate. This type of printing
is recognized by the lack of any improper impressions or rings and
provides a smooth print.

The process has drawbacks such as the generation of hazardous wastes and
a longer set-up time. The increased adoption of flexographic inks in the
packaging industry also contributes to this decline in demand for
lithographic inks. The market for web offset inks is expected to have a
prominent share during the forecast period.

Gravure

Gravure is the type of printing process in which an image is applied to
the printed substrate by using a metal plate mounted on a cylinder. The
major unit operations in a gravure printing operation are image
preparation, cylinder preparation, printing, and finishing.

“The gravure uses a sunken or depressed surface for the desired
image. The image to be reproduced is etched into the metal plate,
sometimes with the help of a laser. The metal plate is made to put in
ink during the process and then wiped clean before it been applied to
the substrate. This process produces high-quality runs rapidly, but the
costs associated is normally higher than other printing methods,”
says Hitesh.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• ALTANA
• BASF
• Evonik Industries
• Huntsman International
• The Dow Chemical Company

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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