LOS ANGELES, May 22, 2019 (GLOBE NEWSWIRE) -- The Global Ink Resins Market is estimated to grow at CAGR above 4.8 % over the forecast time frame 2019-2026 and reach the market value around USD 4.5 billion by 2026.
Ink resins are materials that convey important properties to the printing of tinctures. These features include brilliance, viscosity, improved weather for pigments and strong adhesion to the pigment.
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Ink Resins Market Growth Boost by Packaging Industry
Packaging is an important aspect that affects the purchasing decisions of consumers. A leading customer in printing ink is the packaging industry. It is estimated that in the coming years the range of packaging used for applications, such as flexible packaging, food and drink will increase the demand for ink resins. In the global packaging industry there will be an increased demand for printing inks that will impel the general market in ink resins through the anticipated period as printing resins are used in all types of printing inks. During the projected stage, the global packaging industry will likely expand rapidly.
Increased Digitalization Hinders the Market for Ink Resins
In all parts of the world, the trend of e-books is rising rapidly, and the global publishing industry will likely also be hampered. The paper publication has begun to be restricted. E-books, event tickets and hotel and airline bookings are prominent trends in e-commerce. The trends are expected to reduce mainly in the next few years the printing ink industry. In turn, this is expected to serve as a restriction to the global market for ink resins over the prevision period.
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Collaboration opportunities between manufacturers of ink printing and manufacturers of ink resin
Ink resins are available in a variety of kinds, including modified rosin, polyamide, polyurethane, acrylic and hydrocarbon. Various types of ink resins have various advantages and disadvantages.
The manufacturers of ink resin cooperate closely with the manufacturers of printing ink to understand the exact demand of ink resins and produce ink resins accordingly. The collaboration helps manufacturers of ink print to develop inks for particular printing processes such as lithography, flexography, engraving, digital printing, or applications such as packaging, publishing and business printing. The production of tin resin by building close relationships with the manufacturers of printing tin and offering personalized ink resins is a significant advantage.
Ink Resins are often used as modified rosins
The most frequently used ink resins are modified rosins. Modified Rosins have the advantages of easy availability, low prices and product awareness. In Brazil, Indonesia and China, a majority of world gum rosin is manufactured. Rosin for gum is used in the production of modified rosin, which is an ink resin and is used in printing inks as a raw material. The majority of countries that manufacture ink resins import gum resin. However, other ink resins such as polyamide and acrylic have been developed and the use of modified rosins has decreased.
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Asia Pacific is regarded as a world center of production. It makes large quantities of printing inks. It is also the biggest consumer of ink resins worldwide. Similarly, Europe is a key hub for companies that print ink and a major consumer of ink resins.
Key Players & Strategies
Ink resins, with the presence of some major multinational players, like BASF SE, DIC Corporation, The Dow Chemicals Company, and Lawter Inc., are medium consolidated. It is also a mature market with established players, making it relatively difficult for new firms to enter. Many large market companies, particularly the development of sustainable and environment-friendly ink resins, have adopted a strategy of new product development in order to be able to compete in the market effectively. For example, under the brand name Versamid, BASF SE has launched several new ink resins. It is also aimed at producing environmentally compatible ink resins under the Joncryl brand name.
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