Global Ink Solvent Market 2017-2021
About Ink Solvent
Solvents are substances or formulated chemicals that are capable of dissolving a solute (liquid, solid or gas) to form a solution. In printing inks, solvent is used to dissolve the pigments. Solvent facilitates proper flow and drying of the ink. Solvents with low boiling point evaporate quickly and leave the pigment on the surface of the substrate. Printing inks are mainly produced using four essential components, namely pigments, resins, solvents, and ink additives.
Technavio’s analysts forecast the global ink solvent market to grow at a CAGR of 5.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ink solvent market for 2017-2021. To calculate the market size, the report considers the revenues generated from various applications such as flexible packaging, corrugated cardboard and folding cartons, publication and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ink Solvent Market 2017-2021
Technavio recognizes the following companies as the key players in the global ink solvent market: Arkema, Ashland, BASF, Celanese, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Archer Daniels Midland Company, Cargill, Eastman Chemical Company, INEOS, Myriant Corporation, OMNOVA Solutions, Shell, Solvay, and Vertec BioSolvents.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for bio-degradable solvents. The use of eco-friendly inks and new printing technologies is on the rise as the packaging market continues to drive for sustainable products. The governments of various countries such as the UK, Germany, France, and the US have adopted stringent regulation and policies which specifically address the content of the inks.”
According to the report, one of the major drivers for this market is Growing demand for printing inks from packaging industry. Ink solvent is one of the main raw materials used for the production of printing inks. The growing demand for ink solvent for the production of ink solvent-based printing inks in various applications such as packaging, publishing, and business communication is expected to drive the demand for ink solvent.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. A majority of the raw materials used for manufacturing ink solvent are supplied by the oil and gas company. The majority of raw materials used for the production of ink solvents are the downstream products of crude oil. The fluctuations in the crude oil prices have a severe effect on raw materials prices, such as aromatic, ketones, esters, and alcohols, used for manufacturing ink solvent. This affects the costs of the ink solvent. The high crude oil price is expected to affect the raw material prices of ink solvent.
Arkema, Ashland, BASF, Celanese, The Dow Chemical Company, Archer Daniels Midland Company, Cargill, Eastman Chemical Company, INEOS, Myriant Corporation, OMNOVA Solutions, Shell, Solvay, and Vertec BioSolvents.
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