Ink is the pigment or dye that is
used as the coloring agent. In solvent based ink, the base constituent is
solvent, which can be any organic solvent, water or mixture. Solvent based ink
delivers durable, scratch resistance, waterproof and adheres to non-absorbent
material prints.
The solvent based ink possess
essential properties such as resistance to scratching and rubbing, long lasting
and water resistance which has led the use of solvent based ink in printing and
packaging industry. Surging packaging industry in the emerging economies is
expected to drive the growth of the market. Increasing disposable income
has raised the use of online shopping which in turn has fueled the growth of
packaging industry. This indirectly is raising the growth of solvent based ink
market. Escalating digital printing industry owing to use of digital printing
in textile industry, fine arts, architectural designs and advertising foster
the growth of solvent based ink market. However, presence of substitutes
for solvent based ink coupled along with strict regulations led by the
government due to the presence of high volatile organic compounds may possibly
hinder the growth of the market. Nevertheless, introduction of green solvents
based ink and increasing demand from the developing countries is likely to
witness high growth in the forecast period.
The report provides a comprehensive
view on the solvent based ink market. It includes a detailed value chain
analysis. To understand the competitive landscape in the market, an analysis of
Porter’s Five Forces model for the solvent based ink market has also been
included. The study encompasses a market attractiveness analysis, wherein
application segments are benchmarked based on their market size, growth rate
and general attractiveness. The report also analyzes several driving and
restraining factors and their impact on the market during the forecast period.
Based on application, the solvent
based ink market can be segmented as printing, packaging and corrugated.
Printing and packaging are the leading segments. Growing attraction towards
online shopping particularly from the emerging economies drives the packaging
market. Corrugates are the material that is woven by several parallel ridges
for obtaining greater strength and rigidity.
Asia Pacific is the most prominent
market for the solvent based ink market. Asia Pacific accounted for largest
production and consumption of solvent based ink followed by North America for
highest consumption. Factors driving the growth of market in Asia Pacific are
presence of major players in China along with expanding packaging industry.
Surging digital printing industry in North America is expected to stimulate the
growth of market in this region. Europe is anticipated to experience moderate
growth for the solvent based ink market and is likely to remain modest in the
near future.
Some of the leading participants in
the solvent based ink market include The Dow Chemical Company, Cinkarna Celje,
TW Graphics, Fujifilm, Lawson Screen & Digital Products Inc., Stehlin
Hostag UK, O Ecotextiles, Ink Solutions, Mirage Inks, Flint Group and Bordeaux
Digital PrintInk Ltd among others.
The report segments of the solvent
based ink market into:
Solvent
Based Ink Market: Application Segment Analysis
·
Printing
·
Packaging
·
Corrugated
Solvent
Based Ink Market: Regional Segment Analysis
·
North America
o
U.S.
·
Europe
o
UK
o
France
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
Middle East & Africa
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