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.
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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.
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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.
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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
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