LOS ANGELES, May 14, 2019 (GLOBE NEWSWIRE) -- The Global Lithography Inks Market is estimated to grow at CAGR above 5 % over the forecast time frame 2019-2026 and reach the market value around USD 10.5 billion by 2026.
Increased demand for lithographic inks between 2019 and 2026 is projected to increase in the packaging industry. The global market for lithographic inks is estimated to be boosting between 2019 and 2026 in increasing commercial printing and rapid urbanization in emerging countries.
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The adoption of lithographic inks is enhancing significantly in the packaging business in developing economies and the increase in the use of high quality printing inks. In Asia Pacific, the packaging industry in recent years has grown rapidly. During the forecast period, this trend will remain. The market in lithographic inks is driven by rapid industrialisation and expansion in the packaging industry in developing countries. A major consumer of printing inks is the packaging industry. In the next few years, the demand for lithographic inks will propel growth in the food & beverage sector and increasing demand for flexible packaging in the healthcare sector.
Solvent-based Segment Dominated the Overall Market In 2018
Based on the type, application and region, the global lithography inks market has been segmented. In terms of the type of ink, the water segment is expected to expand at a substantial pace during the prediction period because of a high demand from various packaging and textile manufacturers for low emissions and economical inks. In addition, the application of strict public environmental regulations drives the demand for water based inks. The solvent segment held a significant share of the global market in 2018, which offer high productivity and superior printing production. Solvent inks have a wide range of characteristics and features. This is therefore suitable for specialized printing requirements. Speedy drying and high ink saturation of solvent-based inks enhance their niche applications requirements. The solvent-based ink segment in turn drives this. However, due to the presence of stringent government regulations and increasing demand for low VOC emitting inks, tint manufacturers focus on bio-based ink products.
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Commercial Printing is Highly Promising Application Segment
The commercial printing segment will grow considerably during the forecast period on the basis of application. Lithograph inks are widely used in advertising and promotional printing applications. Due to their superior properties, they are increasingly used in packaging applications. Significant growth is likely to create opportunities for players operating on the lithographic ink market for commercial printing and packaging print applications. Moreover, it is anticipated that textile and metal printing segments will offer huge opportunities to lithographic ink manufacturers in the coming years.
Regional Snapshot
The market for lithographic tinting is expected to expand significantly over the forecast period in Asia-Pacific. An increase in solvent-based ink consumption is expected, due to rapid urbanization, population increase, expansion of the passenger packaging industry and the growth of the marketing applications, to create lucrative opportunities for lithographic ink manufacturers over the next few years. In addition, it is expected that the lithographic inks market in those countries will increase during the forecast period as industrialization increases in mature countries such as the USA, Canada and Germany.
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Key Players & Strategies
The report presents profiles of the global lithography inks market leading players. INX International Ink Co., Toyo Ink Co., Ltd., DIC Corp., Flint Group, Cabot Corp., Siegwerk Pressure Colors AG & Co. KgaA, HuberGroup, Tokyo Printing Ink Mfg, FUJIFILM Hollowings America Corporation Co., Ltd., T&K Color Corporation and T&K Toka Co., Ltd. Ltd. Several companies in the lithographic inks global market are expanding their portfolio through the improvement of existing products and the development of new products with superior characteristics. They conclude strategically long-term contracts with commercial printing, packaging and publishing contractors to enhance their market share.
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