Global Ink Resins Market 2017-2021
About Ink Resins
Ink resins are generally used in the production of printing inks. They are used in ink pigments and dispersion of the inks to change the physical and chemical properties of ink. The most significant properties that ink resins should possess are stability, good surface appearance, glossy finish, flow, solvency, and dilatability. Resins are a part of the composition of printing inks. Resins are used depending upon the type of ink technology, printing system, and the end-user applications.
Technavio’s analysts forecast the global ink resins market to grow at a CAGR of 4.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ink resins market for 2017-2021. To calculate the market size, the report considers the revenues generated from the sales of various applications of ink resins.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ink Resins Market 2017-2021
Technavio recognizes the following companies as the key players in the global ink resins market: Arakawa Chemical Industries, BASF, Evonik Industries, Royal DSM, and The Dow Chemical.
Other Prominent Vendors in the market are: allnex group, CASKYD INDUSTRIAL RESINS AND CHEMICALS, Crescent Chemicals, D.R.Coats Ink & Resins, DIC, IGM Resins, Indulor Chemie, Kane International Corporation, Kausik Printing INK, MACRO POLYMERS, Resinall, SETCO CHEMICALS, and Vil Resins.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of UV-cured resins in the production of 3D printing. The global printing inks market is growing at a CAGR of 4.92% and is expected to witness high demand during the forecast period. This rapid growth is due to the growth in the flexible packaging segment, along with other packaging materials.”
According to the report, one driver in the market is increasing demand for flexible packaging in China. The flexible packaging market in China has been growing consistently due to the increasing growth of the e-commerce sector in the country. The flexible packaging market in China is anticipated to grow at a CAGR close to 8% during 2015-2019. The major reason for the growth of this market in China is the increasing economic development in the country. The requirement for various products through e-commerce websites have propelled the use of flexible packaging in the country. Alibaba is one of the most successful e-commerce companies in China and the largest e-commerce company in the world, which meets the requirements of consumers, worldwide.
Further, the report states that one challenge in the market is adverse effects of cost. Recently, there has been a change in the geopolitical situation, which has led to an increase in the trade barriers among certain countries. The recent political changes in the US and the UK are facilitating the uncertainty in trade policies. The fluctuation of currency for many developing countries such as India and China, with respect to the US dollars is affecting the global market. These factors will affect the market as manufacturers are changing their locations. Moreover, the market is affected because of the lack of pigment intermediates.
Arakawa Chemical Industries, BASF, Evonik Industries, Royal DSM, and The Dow Chemical, allnex group, CASKYD INDUSTRIAL RESINS AND CHEMICALS, Crescent Chemicals, D.R.Coats Ink & Resins, DIC, IGM Resins, Indulor Chemie, Kane International Corporation, Kausik Printing INK, MACRO POLYMERS, Resinall, SETCO CHEMICALS, and Vil Resins.
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