Inkjet Inks Market Size, Share & Industry Analysis, By Type (Water-based, Oil-based, Solvent-based), By Application (Industrial Printing, Commercial Printing)and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Inkjet printing is a type of computer operated printing that rebuild a digital copy by propel droplets of ink onto paper and plastic surface. Inkjet printers are most widely printer and has models from small economical end user ones to expensive proficient machines for business use. Mostly, the printer ink is made up base of linseed oil, soybean oil, or heavy petroleum concentrate used as the solvent. Further, it is combined with pigments to create ink that is intended to dry by evaporation. Desktop inkjet printers are generally used in offices or at home, usually use aqueous inks based on a mixture of glycols, water, various color dyes and pigments. Inkjet inks are quite economical to produce but seem problematic to control printing on the surface of substrate, hence often requires specially coated media. Aqueous inks are predominantly used in thermal inkjet printers, as these printer heads require water to perform.
The increasing demand for DOD inkjets printings, UV cured printing and other latest technological printings is likely to boost the market growth. Additionally, the rapidly growing packaging industry is substantially increasing the demand for inkjet inks to indicate the primary essential data of the packed product shall foster the market growth. The lost cost of manufacturing and end product is expected to affect the market growth positively.
Key Market Driver -
Increasing demand for paper media and packaging.
Key Market Restraint -
Environmental concerns regarding use of paper.
The increasing consumer awareness about the use of pulp and trees to make paper is declining the paper market resulting in the decline in the overall demand for inks. Moreover, the widely followed trend of using digital media instead of paper is likely to hinder the market growth.
Market Segmentation:
Based on type, the market is segmented into water-based, oil based and solvent based inks. Based on application, the market is segmented into industrial and commercial Printing.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global inkjet inks market share is competitive as it consists of global & regional players operating in the industry. Some of the key players in the market includes Kao Collins, Splashjet, TOYO INK Corporate, INX International, Sun Chemical, Mylan Group, Hilord, Edge Colours, Shenzhen Groundson Ink Technology, Marabu Printing Inks, and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Inkjets Inks Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to dominate the market for inkjet inks attributed to the growing packaging industries in developing nations like India and China. Moreover, the huge manufacturing sector of these countries is rising the demand for inkjet inks in the region. The North America and European regions are well developed used technologically advanced techniques like laser printing and hence are expected to show moderate growth. Latin America and Middle East and Africa are expected to show favorable growth by the end of the forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
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Inkjet Inks Industry Developments
- In May 2019, Splashjet introduced Pixma G series inks for Canon Ink Tank printers.
- In October 2019, Sun Chemical presented a wide range of coatings, inks, and pressroom consumable products for corrugated printers to increase productivity and producing higher quality packaging.
- Ongoing
- 2023
- 2019-2022
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