The global water based inks market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include growing demand for printing inks from the flexible packaging, increase in environment & safety issues, rising demand for environment friendly inks and continuous product innovation such as development of pH stable inks. However, factors such as inability to work around alkaline environment, slow drying and printing speed are hindering the market growth.
Global water based inks market segmented on the basis of process, resin type, application and region.
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Acrylic Dominate the Global Water Based Inks Market
Based on resin type, global water based inks market segmented into shellac, maleic, acrylic and others. Acrylic held considerable market share during forecast period. An ink produced from acrylic polymers and used in various printing processes. Acrylic solution resins are used in paste inks for offset lithography and screen printing. They also produce excellent halftone dots because of their color fidelity and fast setting times. Acrylic paste inks are widely used in the printing of cartons used for packaging.
Acrylic substances are also widely used in solvent-based liquid inks for flexography, and their resistance to discoloration, heat and abrasion, as well as their strength, yields excellent results when printed on paper, paperboard, and a variety of plastic substrates.
Asia Pacific Leads the Global Water Based Inks market
PBI’s global water based inks market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global water based inks market with considerable CAGR. The growth in this region can be attributed to the presence of major manufacturers of water-based inks in the region and growth of packaging & newspaper industries. Also, North America held considerable market share during estimated period owing to growth of the advertisement sector and rise in investment in the marketing of food & beverages. Expansion of packaging industry is the other factor responsible for the market growth.
Strategic Launches are the key strategies adopted by market players
Global water based inks market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in Jan 2016, Dow Corning launched DOW CORNING 2405 Resin for high temperature-resistant, room-temperature-curing coatings. This new resin is designed to help formulators overcome limitations – including brittleness, poor impact resistance and film-building constraints associated with resins traditionally used to formulate high-temperature-resistant, room-temperature-curing coatings.
Key player’s profiles in the report are DIC Corporation (Japan), Dow Corning Corporation (U.S), Evonik Industries AG (Germany), Flint Group (Luxembourg), Huber Group (Germany), Sakata Inx (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), T&K Toka (Japan), The Sherwin-Williams Company and Toyo Ink S.C. Holdings (Japan).
Precision Business Insights (PBI) in its report titled “Global Water Based Inks Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Resin Type
o Corrugated cardboards
o Flexible packaging
o Folding cartons
o Tags & Labels
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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