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Ink Resins Market Insights: Examining Growth Drivers, Global Size, Key Segments, Opportunities, Trends, Growth and Forecast Report

April 5, 2024
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Ink Resins Market Insights: Examining Growth Drivers, Global Size, Key Segments, Opportunities, Trends, Growth and Forecast Report
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The ink resins market is witnessing significant growth owing to the expanding printing industry globally. Ink resins are essential components in the formulation of printing inks, providing adhesion, durability, and other crucial properties to the final product. With the rise in demand for various printing applications such as packaging, publishing, commercial printing, and textiles, the market for ink resins is poised for steady expansion. The global ink resins market is estimated to be USD 3.3 billion in 2021 and is projected to reach USD 3.8 billion by 2026, at a CAGR of 3.4%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148158216 

Key Drivers:

Growing packaging industry: The increasing demand for packaged goods across various sectors such as food and beverage, pharmaceuticals, and cosmetics is driving the demand for high-quality printing, thus fueling the need for ink resins.
Technological advancements: Continuous innovations in ink resin formulations are enabling manufacturers to develop products with enhanced performance characteristics, such as improved adhesion, color strength, and resistance to environmental factors.
Shift towards sustainable inks: With a growing emphasis on sustainability, there’s a rising demand for eco-friendly printing solutions. Ink resins play a crucial role in the development of environmentally friendly inks, contributing to the market growth.
Expansion of end-user industries: The expansion of industries like textiles, automotive, and electronics, which utilize printing for branding and product identification, is driving the demand for ink resins in specialized applications.

Types of Ink Resins:

Acrylic Resins: Known for their excellent adhesion properties, acrylic resins are widely used in packaging and publication printing inks.
Polyamide Resins: These resins offer high chemical resistance and are commonly used in gravure and flexographic inks.
Polyurethane Resins: Recognized for their flexibility and durability, polyurethane resins find applications in inks for flexible packaging and labels.
Modified Rosin Resins: Derived from natural sources, modified rosin resins provide good gloss and printability, making them suitable for offset and letterpress inks.
Others: Other types include cellulose derivatives, vinyl resins, and maleic resins, each offering unique properties catering to specific ink formulations.

Regional Analysis:

North America: The region boasts a mature printing industry, particularly in packaging and publishing sectors, driving the demand for ink resins.
Europe: With stringent regulations regarding environmental sustainability, there’s a growing preference for eco-friendly ink formulations, fostering the market growth.
Asia Pacific: Rapid industrialization and increasing disposable incomes are driving the demand for printed packaging and promotional materials, fueling the growth of the ink resins market in the region.

Challenges:

Environmental concerns: The use of certain ink resins may raise environmental and health concerns due to volatile organic compound (VOC) emissions. Manufacturers are under pressure to develop low-VOC or VOC-free formulations to address these challenges.
Raw material price volatility: Fluctuations in the prices of raw materials used in ink resin production, such as acrylic monomers and solvents, can impact the overall cost of manufacturing and pricing strategies.
Regulatory compliance: Compliance with stringent regulations regarding chemical emissions and hazardous substances poses challenges for ink resin manufacturers, necessitating continuous innovation and adaptation.

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Competitive Landscape: The ink resins market is characterized by the presence of several key players, including BASF SE (Germany), Covestro AG (Germany), The Dow Chemical Company (US), Evonik Industries AG (Germany), Lawter (US) and others. These companies are focusing on product innovation, strategic partnerships, and expansion of production capacities to gain a competitive edge in the market.

Future Outlook: The ink resins market is expected to witness steady growth in the coming years, driven by the expanding printing industry, technological advancements, and the increasing adoption of sustainable printing solutions. Manufacturers are likely to focus on developing bio-based and water-based ink resins to meet evolving environmental regulations and consumer preferences, thereby shaping the future of the market.

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Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
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MarketsandMarkets™ INC.
630 Dundee Road
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Northbrook, IL 60062
USA: 1-888-600-6441

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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