(Companies: DIC Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, And Siegwerk Druckfarben AG & Co. Kga)
The global printing inks market was valued nearly at $450 billion in 2018. Western Europe was the largest market for printing inks, accounting for more than 35% of the global market in 2018.
The printing inks market consists of sales of printing inks by entities (organizations, sole traders or partnerships) that manufacture printing and inkjet inks. Printing inks are liquids that contain pigments or dyes, which are used to produce images, text and designs. They are widely used in letterpress and lithographic printing. Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish.
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The printing inks manufacturing market consists of the sales of printing and inkjet inks by entities (organizations, sole traders or partnerships) that produce printing and inkjet inks. The global market for printing inks reached a value of nearly $33.7 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1.0% since 2014, and is expected to grow at a CAGR of 3.1% to nearly $38.1 billion by 2022.
The printing inks market is fragmented, with very few global players. Major players in the printing inks market include DIC Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, and Siegwerk Druckfarben AG & Co. KGa.
DIC Corporation was the largest company in the printing inks market with nearly 11% share in 2017. It is a fine chemicals company engaged in the manufacturing and sales of printing inks, synthetic resins, organic pigments and PPS compounds worldwide. The company operates in more than 60 countries and territories. It was established in 1908 and is headquartered in Tokyo, Japan, with around 20,628 employees as of 31 December, 2017
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3D Technological Advances – With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In April 2018, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, in June 2018, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink, which, when combined with a new method of printing and with varying lighting, hardens with the 3D printing object.
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