Market Research Future Published a Half-Cooked Research Report on Global Ink Resins Market Research Report – Global Forecast Till 2025
Global Ink Resins Market – Segmentations
The Covid-19 Ink Resins Market Analysis has been segmented into four main dynamics to widen the scope of understanding,
By Type: Modified Resin, Cellulose, Acrylic, Polyamide, Hydrocarbon, Polyurethane, and others.
By Printing Process: Flexographic, Lithographic, Gravure, Digital, Letterpress, and others.
By Application: Printing & Publication, Corrugated Boards, Flexible Packaging, and others.
By Regions: Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.
Global Ink Resins Market – Competitive Landscape
Highly competitive, the Ink Resins Market appears to be fragmented due to the presence of several large and small-scale players. To gain a significant competitive share in the market, players initiate strategies such as mergers & acquisitions, collaboration, and innovations. Manufacturers strive to deliver high quality and reliable products developed with innovative technologies and best industry practices.
They make substantial investments to drive R&D required for the new product and technology launch and to develop a cost-competitive product portfolio. For business expansion, they acquire small yet promising companies in the emerging markets, focusing on optimized situational awareness for customers. Rising strategic initiatives are changing the market structure by increasing the profit of the acquiring company and reducing market competition significantly.
Players Leading the Global Ink Resins Market include Arakawa Chemical Industries, Ltd (Japan), BASF SE (Germany), DowDuPont Inc (US), Royal DSM NV (Netherlands), Hydrite Chemical (US), Evonik Industries AG (Germany), Lawter (US), Indulor Chemie GmbH (Germany), Arizona Chemical Company, LLC (US), IGM Resins, Inc. (The Netherlands), US-Polymers-Accurez LLC (US), and Kraton Corporation (US), among others.
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November 09, 2019 —- Ingevity (the US), a specialty chemicals and materials manufacturer & supplier, launched its new environmentally friendly ink resin product line – AltaPrint. The new ink resin product line is developed using more renewable raw materials such as phenol and formaldehyde-free modified rosin resin. It is designed for use in heatset and sheetfed inks for the packaging & commercial printing markets. Now available globally, The AltaPrint family of products offers customers a more eco-friendly solution without sacrificing gloss and film hardness performance characteristics. Launching such an innovative product line, Ingevity has showcased its commitment to meet the industry’s evolving environmental trends and regulatory demands.
Global Ink Resins Market – Geographical Analysis
The Asia Pacific region dominates the Global Ink Resins Market. The largest market share attributes to the growing demand from the packaging industry and expanding production capacities in the region. Besides, factors such as the rising trend of on-the-go packaged food items & online shopping and the burgeoning eCommerce market in the region drive the market growth substantially.
The presence of dynamically emerging economies in the region such as India, Japan, China, Singapore, and South Korea impacts the regional market growth positively. India and China markets account for the major shareholders in this region, witnessing massive consumption of ink resins. APAC is estimated to retain its leading position in the Global Ink Resins Market throughout the assessment period.
North America stands second in the global ink resins market due to the spurting growth in the packaged food, other retail products, and growing F&B industry. Besides, the augmenting demand for heatset and sheetfed inks from the packaging & commercial printing industries drives the growth of the regional market significantly. The US is the leading market in the region, which is growing due to the rising eCommerce market. Additionally, substantial investments in the end-use industries drive regional market growth.
The Ink Resins Market in Europe is observing a steady growth over the last couple of years. Major growth contributors to the regional market are countries such as the UK, France, Germany, and Switzerland. Stringent regulations imposed by the regional governments promoting the use of eco-friendly resins are encouraging the development of bio-based ink materials. Moreover, the increasing innovations and advances in manufacturing techniques foster a large share of the market.
COVID-19 Study in Detail:
COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market @ https://www.marketresearchfuture.com/report/covid-19-impact-pvc-market
COVID-19 Impact on 3D Printing Materials Market @ https://www.marketresearchfuture.com/report/covid-19-impact-3d-printing-materials-market
COVID-19 Outbreak Impact on Carbon Black Market @ https://www.marketresearchfuture.com/report/covid-19-impact-carbon-black-market
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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