(EMAILWIRE.COM, April 20, 2023 ) The ink solvent industry is a sector that produces solvents used in the production of printing inks. These solvents are typically used to dissolve the pigments and binders in ink formulations and to control their drying time and consistency. The industry encompasses a wide range of solvents, including petroleum-based solvents, esters, alcohols, ketones, and glycols.
The report Ink Solvents Market by Chemistry Type (Alcohols, Acetates, Hydrocarbons), by Product Type (Conventional, Green & Bio-based), by Process (Flexographic, Gravure, & Others) & by Application (Packaging, Corrugated, Publication) – Global Forecast report analyzes the global Ink Solvents Market with respect to market drivers, opportunities, challenges, and trends in different regions.
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Browse in-depth TOC on “Ink Solvent Market
98 – Market Data Tables
69 – Figures
195 – Pages
As for the scope of the ink solvent industry by 2023-24, it is difficult to predict with certainty as it depends on various factors such as economic conditions, technological advancements, and environmental regulations. However, it is expected that the industry will continue to grow in the coming years, driven by the increasing demand for printing inks in various applications such as packaging, labels, and publications. There is a growing trend towards the use of eco-friendly solvents in the ink industry, which is expected to create opportunities for companies that produce environmentally friendly solvents. This trend is driven by the increasing awareness of the environmental impact of solvent-based inks and the need to reduce VOC emissions. Therefore, it is likely that companies that offer sustainable and eco-friendly solvents will have a competitive advantage in the ink solvent industry in the coming years.
The global ink solvents market is significantly penetrating in the printing ink applications. The characteristics of the end products differ as per the requirement of end-user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global ink solvent market and is mainly attributed to high economic growth rate followed by increasing demand for online shopping and packet food which is eventually driving the printing inks industry. The Asia-Pacific and RoW markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
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R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of ink solvents and match the consumer demands coming from various types of applications. Global companies are continuously investing in R&D to create unique applications in the bio solvent market that can be used in the printing ink industry. The bio-based solvent players which also supply solvent to the printing ink industry are Archer Daniels Midland, BioAmber Inc., Cargill Inc., CSM N.V., Myriant Corporation, Shenzhen Esun Industrial Co. Ltd., and Vertec Biosolvents Inc.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, U.S., Japan, India, and Germany are expected to persist as successful ink solvent markets. The key players in the ink solvents market are BASF SE (Germany), Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.),Arkema S.A. (France), Ashland Inc. (U.S.), Celanese Corporation (U.S.), Evonik Industries AG (Germany), Ineos AG (Switzerland), Omnova Solutions (U.S.), Royal Dutch Shell (Netherlands), and Solvay AG (Belgium), and others. Vertec launched a new low cost and environmentally friendly bio based solvent. The VertecBio DLR solvent has the potential to replace the use of d-limonene. This new solvent helped the company increase their growth in the bio and green solvent market.
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The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of food & beverage packaging, followed by publishing and promotion which will indirectly boost the demand for the ink solvents.
The ink solvents demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
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