Bharat Book Bureau Provides the Trending Market Research Report on “Oil-Based Printing Inks Global Market Report 2020”under Chemical & Materials Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Oil-Based Printing Inks Global Market Report 2020
Including: 1) By Type: Vegetable Oil-Based Printing Inks; Mineral Oil-Based Printing Inks 2) By Application: Marking And Coding; Package Printing; Signage Covering: Nazdar Ink Technologies; Van Son Holland Ink Corp.; Superior Printing Inks; Flint Group; Hubergroup
Oil-Based Printing Inks Market Global Report 2020, marketers and senior management with the critical information they need to assess the global oil-based printing inks market.
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Where is the largest and fastest growing market for the oil-based printing inks? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Oil-Based Printing Inks market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider oil-based printing inks market, and compares it with other markets.
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
• The oil-based printing inks market section of the report gives context. It compares the oil-based printing inks market with other segments of the oil-based printing inks market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, oil-based printing inks indicators comparison.
Markets Covered: 1) By Type: Vegetable Oil-Based Printing Inks ; Mineral Oil-Based Printing Inks 2) By Application: Marking And Coding; Package Printing; Signage
Companies Mentioned: Nazdar Ink Technologies; Van Son Holland Ink Corp.; Superior Printing Inks; Flint Group; Hubergroup
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, per capita expenditure.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
The oil-based printing inks market consists of sales of oil-based printing inks. Oil-based inks consist of a pigment or pigments of the required color mixed with oil. For example, black inks are made from carbon blacks and thick linseed oil.
The global oil-based printing inks market was worth $ 22.01 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6% and reach $27.08 billion by 2023.
The oil-based printing inks market covered in this report is segmented by type into vegetable oil-based printing inks, mineral oil-based printing inks. It is also segmented by application into marking and coding, package printing, signage.
The demand for environmental friendly inks are increasing and it is expected to drive the oil-based printing inks market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings and printing inks has been banned due to explosion and fire that occured on March 2019 in Jiangsu Province, China. The incident has increased the demand for oil based printing inks which can be used as an substitute for petroleum and chemical based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower and canola oils. For instance, Mojoprint, which is Japan’s number one English-language printing service company uses vegetable oil based printing inks derived from soy, palm and other vegetable oils because these inks are environmental friendly and sustainable alternative to petroleum based inks.
A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem.
Market players have already started facing challenges due to shortages of raw materials. For instance, in May 2018, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing inks supply due to global raw material shortage resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories.
Again, in July 2018, printing ink manufacturer Hubergroup announced an increase in prices for all energy curing inks and varnishes across Europe and the Americas with immediate effect due to shortages of raw materials.
The printing inks industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications. High resolution inks are more effective than traditional inks as they allow fine and solid printing at high speed.
They also enable re-printability and drastically reduce the number of cleaning stencils required. For instance, in August 2018, IIMAK introduced Sure Scan II Plus, high-resolution replacement compatible inkjet ink, which reduces the cost of printing and downtime, and eliminates waste.
This functions as a replacement option that offers performance in various high-resolution inkjet printers such as Foxjet, Matthews and Diagraph. Top companies in the market are developing high definition inks with premium durability, fast dry time, and a 12-month shelf life
In June 2017, PolyOne Corporation acquired Rutland for an undisclosed amount. This deal helps PolyOne Corp. to build a strong future in the screen printing ink field. Rutland Holding Company manufactures specialty inks for the textile industry. It also supplies plastic coatings for commercial and industrial applications.
Major players in the market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., Siegwerk Druckfarben AG & Co.
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