Global Ink Additives Market 2017-2021
About Ink Additives
Ink additives are the chemical substances that are used in small quantities in printing ink formulations. They are commonly water-based or solvent-based, depending on the technology. Ink additives enhance the performance of the ink and printing by acting as dispersants, wetting agents, defoamers, and driers. They are added at the time of formulation or on the press side. The defoamers are commonly used during the pigment milling, ink manufacturing, and printing processes. The dispersants are used for improved color development and increased mill output.
Technavio’s analysts forecast the global ink additives market to grow at a CAGR of 4.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ink additives market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ink Additives Market 2017-2021
Technavio recognizes the following companies as the key players in the global ink additives market: ALTANA, BASF, Evonik Industries, Huntsman International, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Allnex, Croda International, Dorf Ketal Chemicals, Elementis, Harima Chemicals Group, Honeywell International, Keim Additec Surface GmbH, MÜNZING Corporation, PolyOne Corporation, Solvay, and Shamrock Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased adoption of UV and EB curing. The inks that are designed to cure when subjected to UV light are environmentally safe, free of toxic solvents, and emit a low amount of VOC. This reduces the energy consumed for curing by 50% along with a shorter turnover time for printing.”
According to the report, one of the major drivers for this market is rising internet trade and online retail sales. The rising popularity of online trade and e-commerce and the increasing demand for door step delivery of commodities have driven the global ink additives market. With decreasing domestic slack time, owing to dual income families, the demand for home delivery retail sale system is estimated to grow exponentially. Ink additives with different formulations and quality are used for different applications such as in food packaging and printing.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. The oil and gas industry is one of the principal suppliers of raw materials for the global ink additives market. The fluctuations in the crude oil prices have a severe effect on the prices of the raw material such as wax, affecting the costs of ink additives.
ALTANA, BASF, Evonik Industries, Huntsman International, The Dow Chemical Company, Allnex, Croda International, Dorf Ketal Chemicals, Elementis, Harima Chemicals Group, Honeywell International, Keim Additec Surface GmbH, MÜNZING Corporation, PolyOne Corporation, Solvay, and Shamrock Technologies.