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Ink Resin Market Report Scope & Overview:

Ink Resin Market,Revenue Analysis

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The Ink Resin Market Size was valued at USD 3.66 billion in 2023, and is expected to reach USD 5.08 billion by 2032, and grow at a CAGR of 3.70% over the forecast period 2024-2032.

Most printing inks are made with ink resins as the main ingredient. The most important things that an ink resin should have are stability, a good surface look, gloss, flow, solubility, and the ability to thin. Along with solvents, additives, and pigments, resins are one of the four most important parts of making ink. How the resin is made has a big effect on how the ink works as a whole. The resin is very important because it helps spread out the pigment and keeps it from clumping together again. It holds pigments together and helps them stick to a surface quickly and for a long time. The resin also gives the ink the right amount of thickness, or flow, which is needed for the ink to move from the press to the substrate. Also, the resin makes an ink shiny, helps it dry quickly, and makes it more resistant. Resin ink can be used in flexible packaging, paperboard and cartons, printing and publishing, and other places.

Market Dynamics:

Drivers:

  • Better access to raw materials for making ink resins

  • Packaging and energy-curable inks industries are getting bigger

  • Environmental worries, more people becoming aware, and strict rules

  • Environmental worries, more people becoming aware, and strict rules

Restraints:

  • Changes in demand and prices for raw materials caused by competition from other industries that use resins

  • Situations in the world that are not stable

  • Suppliers of ink resin are getting together more and more

Opportunity:

  • Water-based inks are getting more attention

  • Food packagers are becoming more interested in Eb Curing

Challenge:

  • Resins are getting cheaper and better at what they do

  • Policies that are hard to follow and take a lot of time

  • Competition with bigger industries that can buy important raw materials for more money

Impact of COVID-19:

The spread of COVID-19 has made it hard to make the raw materials that are used to make ink resins. Due to the spread of COVID-19, there were several breaks in the value chain of ink resins. The shutdown of many industries, including raw material manufacturers, has led to a lack of suppliers, which has caused the most trouble in the value chain. This was made worse by road restrictions put in place all over the world to stop the pandemic from spreading.

Market Segmentation:

By Resin Type

  • Modified Rosin

  • Hydrocarbon

  • Modified Cellulose

  • Acrylic

  • Polyamide

  • Polyurethane

  • Others

By Technology

  • Oil-based

  • Solvent-based

  • Water-based

  • UV-curable-based

By Printing Process

  • Lithography

  • Gravure

  • Flexography

  • Others

By Application

  • Printing & Publication

  • Flexible Packaging

  • Corrugated Cardboard & Cartons

  • Others

Regional Analysis:

Because Asia-Pacific is growing so quickly, it is the largest market for ink resins. Asia-Pacific is the fastest-growing market for ink resins. This is because India, Japan, China, Singapore, and South Korea are all fast-growing economies in the area. India and China have the most stakes in this are because the packaging industry is using more and more ink resin. In terms of volume, the market for ink resins is growing thanks to the growing popularity of packaged food and online shopping. In 2018, the online shopping market in Asia-Pacific was worth more than $1.5 trillion, which is expected to have a big effect on the growth of the ink resins market over the next few years. Asia-Pacific is the largest market for ink resins around the world. North America is the second largest market. The US is the market leader in this area. This is because there is a huge demand for packaged food and other retail goods, and the food and beverage industry is growing. Europe is another important part of the global market for ink resins. The UK, France, Germany, and Switzerland are major contributors to the regional market. However, the region is only expected to grow slowly over the next few years due to slow growth among end users and a slowing economy. Latin America is expected to have a high CAGR due to Brazil and Mexico's strong economies and high growth potential. The tourism industry will give the Middle East and Africa a lot of room to grow in the coming years, which will help the region grow at a high CAGR.

Ink-Resin-Market-Regional-Share-2023

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REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

KRATON CORPORATION, Lawter, Evonik Industries AG, IGM Resins Inc, Royal DSM NV, DowDuPont Inc, BASF SE, Arizona Chemical Company LLC, Hydrite Chemical, Indulor Chemie GmbH, Arakawa Chemical Industries Ltd, US-Polymers-Accurez LLC, and other players.

Ink Resin Market Report Scope:
Report Attributes Details
Market Size in 2023 US$ 3.66 Billion
Market Size by 2032 US$ 5.08 Billion
CAGR CAGR of 3.70% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Resin Type ( Modified Rosin, Hydrocarbo, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Others)
• By Technology (Oil-based, Solvent-based, Water-based, UV-curable-based)
• By Printing Process (Lithography, Gravure, Flexography, Others)
• By Application: (Printing & Publication, Flexible Packaging, Corrugated Cardboard & Cartons, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles KRATON CORPORATION,  Lawter, Evonik Industries AG ,IGM Resins, Inc,  Royal DSM NV, DowDuPont Inc,  BASF SE,  Arizona Chemical Company LLC, Hydrite Chemical, Indulor Chemie GmbH, Arakawa Chemical Industries, Ltd ,US-Polymers-Accurez LLC, and other players.
DRIVERS • Better access to raw materials for making ink resins
• Packaging and energy-curable inks industries are getting bigger.
• Environmental worries, more people becoming aware, and strict rules
Restraints • Changes in demand and prices for raw materials caused by competition from other industries that use resins
• Situations in the world that are not stable
• Suppliers of ink resin are getting together more and more.

Frequently Asked Questions

Ans: Printing & Publication, Flexible Packaging, Corrugated Cardboard & Cartons and Others are the sub-segments of by application segment

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

 

Ans: The spread of COVID-19 has made it hard to make the raw materials that are used to make ink resins. Due to the spread of COVID-19, there were several breaks in the value chain of ink resins. The shutdown of many industries, including raw material manufacturers, has led to a lack of suppliers, which has caused the most trouble in the value chain. This was made worse by road restrictions put in place all over the world to stop the pandemic from spreading.

 

Ans: Resins are getting cheaper and better at what they do, Policies that are hard to follow and take a lot of time and Competition with bigger industries that can buy important raw materials for more money are the challenges faced by the Ink Resin Market.

Ans: Ink Resin Market Size was valued at USD 3.66 billion in 2023, and expected to reach USD 5.08 billion by 2032, and grow at a CAGR of 3.70% over the forecast period 2024-2032.

 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Ink Resin Market Segment, By Resin Type:

8.1 Modified Rosin

8.2 Hydrocarbon

8.3 Modified Cellulose

8.4 Acrylic

8.5 Polyamide

8.6 Polyurethane

8.7 Others

9.Ink Resin Market Segment, By Technology:

9.1 Oil-based

9.2 Solvent-based

9.3 Water-based

9.4 UV-curable-based

10.Ink Resin Market Segment, By Printing Process:

10.1 Lithography

10.2 Gravure

10.3 Flexography

10.4 Others

11.Ink Resin Market Segment, By Application:

11.1 Printing & Publication

11.2 Flexible Packaging

11.3 Corrugated Cardboard & Cartons

11.4 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profile

13.1 KRATON CORPORATION (US)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Lawter (US)

13.3 Evonik Industries AG (Germany)

13.4 IGM Resins, Inc. (The Netherlands)

13.5 Royal DSM NV (Netherlands)

13.6 DowDuPont Inc (US)

13.7 BASF SE (Germany)

13.8 Arizona Chemical Company, LLC (US)

13.9 Hydrite Chemical (US)

13.10 Indulor Chemie GmbH (Germany)

13.11 Arakawa Chemical Industries Ltd (Japan)

13.12 US-Polymers-Accurez LLC (US). 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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