The Ink Additives Market is forecast to reach US$1.6 billion by 2027, after growing at a CAGR of 4.8% during 2022-2027 due to increasing consumption for graphical printing on packaging. Printing inks are used for printing or coloring paper, plastics, textiles, and others. Ink additives such as defoamer, rheology modifiers, anti-oxidizer, wetting agents, dispersants, and others enhance the ink performance and provide an excellent printing output. Additives are used to improve the color strength and transparency of printing ink. The color depends on the intensity and saturation of dark/light ink. It also helps to improve the abrasion resistance of printing inks, wetting behavior, and overprint varnishes. Printing inks are applied to the surface in the form of a thick layer (thickness of 2 to 30 μm), unlike varnish. Hence, inks additives such as rheology modifiers maintain the product’s temperature, control pigment settings, and improve leveling which is increasing the demand for ink additives during the projected era.
The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the growth in 2020. Also, decreased packaging sector, owing to this pandemic, reduced the demand for graphical and flexible packaging which limits the consumption of printing ink and hamper the demand for inks additives.
The report “Ink Additives Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the ink additives industry.
The Asia Pacific dominates the market of ink additives due to increasing demand for additives such as wetting agents, surface modifiers, rheology modifiers, defoamers from the packaging industry for flexible packaging, label & bags, and others in Asian countries.
Increasing adoption of ink additives due to these are used to enhance printing quality and provide a clear graphical presence on packed food products, on printed images, posters, and others.
Additionally, the growing consumption of flexible packaging as they can be re-used and generate less waste is estimated to grow the consumption of ink additives in upcoming years.
The wetting agent type segment held the largest share in the global ink additives market in 2020 followed by defoamers and rheology modifiers as they are used for flexible packaging. Wetting agents have zero volatile organic compounds (VOC) and a non-toxic agent, thus it is widely used in water-based printing inks. It offers various properties such as excellent dynamic surface tension reduction, compactibility, and excellent water solubility. Furthermore, rheology modifiers help in controlling paint's stability and ease of application. Hence, it is also leading the market growth. Additionally, defoamers are used for graphical arts which are estimated to grow the demand for ink additives in near future.
The solvent-based technology segment has potential growth in the ink additives market in 2020 Solvent-based technology used during the gravure printing and flexographic process evaporates very easily at a low cost. Solvent-based printing technology improves the refrigeration and humidity resistance of the printed substrates. It works much better on plastic than paper or canvas which makes them ideal for outdoor printing presentation, thus, due to such properties solvent-based technology is widely used for ink additives.
Lithographic printing technology has potential growth for the ink additives market in 2020 as this printing process is highly cost-effective and used for printing on non-paper surfaces such as wood, metal, or stone. The lithographic printing process is used in the production of newspapers, magazines, books, and commercial materials due to its excellent consistency and speed in completing printing jobs at a large scale. This technology is very versatile and provides clear printing on paper surfaces and non-paper surfaces. The lithography printing process is often used to print high-quality product advertisers, hotel over door hangers, plastic menus, and others. Hence, increasing demand for this process for printing inks is estimated to grow the demand for ink additives.
Packaging has dominated the global ink additives market in 2020 and is growing at a CAGR of 4.2% during 2022-2027 due to increasing usages of ink additives as they maintain the graphical presence during production and transportation. The ink additives such as defoamer, wetting agent, surface modifiers, rheology modifiers, and others are used to produce high-quality aqueous pigment dispersions and provide stable viscosity. Hence, increasing demand for flexible packaging from food & beverages, consumer good, packed food, and others are estimated to grow the demand for ink additives. According to India Brand Equity Foundation (IBEF), the processed food market is forecast to reach US$70 billion by 2025. Additionally, according to the India Brand Equity Foundation (IBEF), India’s food processing sector is expected to reach US$535 billion by 2025-2026. However, the Indian government approved Rs. 107.42 crore (US$ 15.25 million) to implement 28 food processing projects. Hence, such factors are estimated to grow the market size during the projected era.
The Asia Pacific dominated the global ink additives market with more than the share of 36% in 2020 owing to increasing demand from the packaging industry in Asian countries such as China, India, Japan, and others. According to the Indian Brand Equity Foundation (IBEF), the packaging industry is expected to reach US$ 204.81 billion by 2025 from US$ 50.5 billion in 2019. The e-commerce packaging market is forecast to reach US$ 975.4 million by 2025. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Furthermore, the cosmetics market increased by euro 29.4 billion (US$ 34.7 billion) in 2019 compared to euro 32.6 billion (US$ 36.4 billion) in 2018. Hence increasing demand from the cosmetics and food industry is estimated to grow the demand for flexible packaging which, in turn, is expected to boost the demand for ink additives.
Inks additives are used in flexible packaging to enhance the graphical appearance and maintain the quality of printed images during the manufacturing, production, and transportation of the product. Ink additives are used outside of the packages as they require good adhesion, flexibility, and abrasion resistance property. Additionally, additives are contributing to improved printability, static control, and reduce gel formation in the production process. Hence, increasing demand for packaging is estimated to grow the consumption of ink additives. According to the Environmental Protection Agency of the United States, 1.9 million tons of aluminum beverage cans packaging were generated for beers and soft drink cans, and 49.2% of beverage cans were recycled. Furthermore, according to the Associated Chambers of Commerce and Industry of India, the organized packed food market size was INR 780 million (US$ 10.64 million) in 2020. Hence, increasing demand for ink additives such as wetting agents, defoamers, rheology modifiers, and others is expected to grow the market scenario.
Ink additives such as rheology modifiers are used in inkjet technology as they have different properties under the high shear condition created by jetting. They have also increased viscosity and help the ink formulator avoid adding too much co-solvent. Therefore, inkjet technology is increasingly used in printing photos and posters as they reduce the printing cost. The growing demand for inkjet technology as they can print messages just in time with a high degree of relevancy and provide image quality. Furthermore, increasing the adoption of inkjet technology from textile, ceramic, and 3D printing into the biomedical application provides a high speed of printing which is expected to increase the consumption of ink additives.
Various types of ink additives such as wetting agents, dispersants, and others are manufactured from crude oil. However, the fluctuations of crude oil may hamper the demand for ink additives. According to the U.S. Energy Information Administration (EIA), crude oil prices decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. Additionally, defoamers are used in oil extraction such as drilling muds and cementation. Hence the declined production from the oil industry is decreasing the consumption of ink additives. According to BP static, Global oil production fell by 60,000 barrels per day in 2019 with sharp decline in Iran (-1.3 million b/d), Venezuela (-560,000 b/d), and Saudi Arabia (-430,000 b/d). Hence, volatility in the prices and production of crude oil may hamper the market growth.
2. BASF
3. Croda International Plc
4. Elemenits plc
5. Evonik Industries AG
6. Hustman International LLC
7. PolyOne
8. Solvay
9. The Dow Chemical Company
10. Lubrizol
11. Clariant, and among others.
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Impact of COVID - 19
The tragedy of COVID-19, which is declared as a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. This has affected the demand and supply chain as well, thereby limiting the growth in 2020. Also, decreased packaging sector, owing to this pandemic, reduced the demand for graphical and flexible packaging which limits the consumption of printing ink and hamper the demand for inks additives.
Report Coverage
The report “Ink Additives Market - Forecast (2022-2027)” covers an in-depth analysis of the following segments of the ink additives industry.
- By Type: Rub and Slip Control Agents, Anto-oxidants, Dispersing Agents, Rheology Modifiers, Wetting Agents and Surface Modifiers, Film Forming Agents, Defoamers, Photo-Oxidizer, Anti-Skinning Agent, pH Stabilizers, and Others.
- By Technology: Water Based Technology and Solvent-Based Technology.
- By Printing Process: Gravure Printing, Flexographic, Lithography, Screen Printing, and Others.
- By Application: Printing (Industrial Printing, Digital Printing, and Others), Packaging, and Others.
- By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (the Middle East and Africa).
Key Takeaways
The Asia Pacific dominates the market of ink additives due to increasing demand for additives such as wetting agents, surface modifiers, rheology modifiers, defoamers from the packaging industry for flexible packaging, label & bags, and others in Asian countries.
Increasing adoption of ink additives due to these are used to enhance printing quality and provide a clear graphical presence on packed food products, on printed images, posters, and others.
Additionally, the growing consumption of flexible packaging as they can be re-used and generate less waste is estimated to grow the consumption of ink additives in upcoming years.
Ink Additives Market Segment Analysis - By Type
The wetting agent type segment held the largest share in the global ink additives market in 2020 followed by defoamers and rheology modifiers as they are used for flexible packaging. Wetting agents have zero volatile organic compounds (VOC) and a non-toxic agent, thus it is widely used in water-based printing inks. It offers various properties such as excellent dynamic surface tension reduction, compactibility, and excellent water solubility. Furthermore, rheology modifiers help in controlling paint's stability and ease of application. Hence, it is also leading the market growth. Additionally, defoamers are used for graphical arts which are estimated to grow the demand for ink additives in near future.
Ink Additives Market Segment Analysis - By Technology
The solvent-based technology segment has potential growth in the ink additives market in 2020 Solvent-based technology used during the gravure printing and flexographic process evaporates very easily at a low cost. Solvent-based printing technology improves the refrigeration and humidity resistance of the printed substrates. It works much better on plastic than paper or canvas which makes them ideal for outdoor printing presentation, thus, due to such properties solvent-based technology is widely used for ink additives.
Ink Additives Market Segment Analysis - By Printing Process
Lithographic printing technology has potential growth for the ink additives market in 2020 as this printing process is highly cost-effective and used for printing on non-paper surfaces such as wood, metal, or stone. The lithographic printing process is used in the production of newspapers, magazines, books, and commercial materials due to its excellent consistency and speed in completing printing jobs at a large scale. This technology is very versatile and provides clear printing on paper surfaces and non-paper surfaces. The lithography printing process is often used to print high-quality product advertisers, hotel over door hangers, plastic menus, and others. Hence, increasing demand for this process for printing inks is estimated to grow the demand for ink additives.
Ink Additives Market Segment Analysis - By Application
Packaging has dominated the global ink additives market in 2020 and is growing at a CAGR of 4.2% during 2022-2027 due to increasing usages of ink additives as they maintain the graphical presence during production and transportation. The ink additives such as defoamer, wetting agent, surface modifiers, rheology modifiers, and others are used to produce high-quality aqueous pigment dispersions and provide stable viscosity. Hence, increasing demand for flexible packaging from food & beverages, consumer good, packed food, and others are estimated to grow the demand for ink additives. According to India Brand Equity Foundation (IBEF), the processed food market is forecast to reach US$70 billion by 2025. Additionally, according to the India Brand Equity Foundation (IBEF), India’s food processing sector is expected to reach US$535 billion by 2025-2026. However, the Indian government approved Rs. 107.42 crore (US$ 15.25 million) to implement 28 food processing projects. Hence, such factors are estimated to grow the market size during the projected era.
Ink Additives Market Segment Analysis - By Geography
The Asia Pacific dominated the global ink additives market with more than the share of 36% in 2020 owing to increasing demand from the packaging industry in Asian countries such as China, India, Japan, and others. According to the Indian Brand Equity Foundation (IBEF), the packaging industry is expected to reach US$ 204.81 billion by 2025 from US$ 50.5 billion in 2019. The e-commerce packaging market is forecast to reach US$ 975.4 million by 2025. According to Cosmetic Europe, a personal care association, China’s cosmetics market increased by 15.33 % to euro 54.9 billion (US$ 61.45 billion) in 2019 compared to euro 47.6 billion (US$ 56.21) in 2018. Furthermore, the cosmetics market increased by euro 29.4 billion (US$ 34.7 billion) in 2019 compared to euro 32.6 billion (US$ 36.4 billion) in 2018. Hence increasing demand from the cosmetics and food industry is estimated to grow the demand for flexible packaging which, in turn, is expected to boost the demand for ink additives.
Ink Additives Market Drivers
Increasing Demand for Flexible Packaging
Inks additives are used in flexible packaging to enhance the graphical appearance and maintain the quality of printed images during the manufacturing, production, and transportation of the product. Ink additives are used outside of the packages as they require good adhesion, flexibility, and abrasion resistance property. Additionally, additives are contributing to improved printability, static control, and reduce gel formation in the production process. Hence, increasing demand for packaging is estimated to grow the consumption of ink additives. According to the Environmental Protection Agency of the United States, 1.9 million tons of aluminum beverage cans packaging were generated for beers and soft drink cans, and 49.2% of beverage cans were recycled. Furthermore, according to the Associated Chambers of Commerce and Industry of India, the organized packed food market size was INR 780 million (US$ 10.64 million) in 2020. Hence, increasing demand for ink additives such as wetting agents, defoamers, rheology modifiers, and others is expected to grow the market scenario.
Growing Consumption of Ink Additives for Inkjet Technology
Ink additives such as rheology modifiers are used in inkjet technology as they have different properties under the high shear condition created by jetting. They have also increased viscosity and help the ink formulator avoid adding too much co-solvent. Therefore, inkjet technology is increasingly used in printing photos and posters as they reduce the printing cost. The growing demand for inkjet technology as they can print messages just in time with a high degree of relevancy and provide image quality. Furthermore, increasing the adoption of inkjet technology from textile, ceramic, and 3D printing into the biomedical application provides a high speed of printing which is expected to increase the consumption of ink additives.
Ink Additives Market Challenges
Volatility in Raw Material Prices
Various types of ink additives such as wetting agents, dispersants, and others are manufactured from crude oil. However, the fluctuations of crude oil may hamper the demand for ink additives. According to the U.S. Energy Information Administration (EIA), crude oil prices decreased by US$ 41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019. Additionally, defoamers are used in oil extraction such as drilling muds and cementation. Hence the declined production from the oil industry is decreasing the consumption of ink additives. According to BP static, Global oil production fell by 60,000 barrels per day in 2019 with sharp decline in Iran (-1.3 million b/d), Venezuela (-560,000 b/d), and Saudi Arabia (-430,000 b/d). Hence, volatility in the prices and production of crude oil may hamper the market growth.
Ink Additives Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Biofertilizers Market. Major players in the Ink Additives Market include:
1. ALTANA2. BASF
3. Croda International Plc
4. Elemenits plc
5. Evonik Industries AG
6. Hustman International LLC
7. PolyOne
8. Solvay
9. The Dow Chemical Company
10. Lubrizol
11. Clariant, and among others.
This product will be delivered within 2 business days.
Table of Contents
1. Ink Additives Market- Market Overview
2. Ink Additives Market - Executive Summary
3. Ink Additives Market - Comparative analysis
4. Ink Additives Market - Market Forces
5. Ink Additives Market - Strategic Analysis
6. Ink Additives Market - By Type (Market Size -$Billion)
7. Ink Additives Market - By Technology (Market Size -$Billion)
8. Ink Additives Market - By Printing Process
9. Ink Additives Market - By Application (Market Size -$Billion)
10. 1North America
11. Ink Additives Market - Entropy
12. Ink Additives Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
Methodology
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