The global security inks market is projected to grow from USD 3.2 billion in 2022 and is projected to reach USD 3.9 billion by 2027, at a CAGR of 4.1%, between 2022 and 2027 period. The availability of different techniques of printing suited for different applications is a major driver of the security inks market growth.
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The key players following the strategies between 2019 to 2022 are SICPA Holding SA (Switzerland), DIC Corporation (Sun Chemical) (Japan), Kao Collins Corporation (US), Chromatic Technologies Inc. (US), and Ink Tec Inc. (US). The companies are majorly following acquisition as the strategy to grow and expand the market.
SICPA Holding SA, Prilly, Switzerland, is the leading global supplier of security inks and solutions for the majority of the world’s banknotes, as well as a variety of other documents such as passports, transportation tickets, and plastic cards. The firm is divided into three divisions. Security solutions are provided by the SICPA Security Inks Division for banknotes, official ID papers such as ID cards, passports, and birth certificates, postal stamps, tax banderoles, product marks, and security labels. The Government Security Solutions Division of SICPA protects tax revenues for cigarettes, alcoholic beverages, medicines, and other heavily counterfeited items. SICPA has more than 33 offices worldwide. In September 2022, UbiQD, Inc. and SICPA have expanded their collaboration to create anti-counterfeit security inks based on UbiQD’s quantum dot technology.
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DIC Corporation (Sun Chemical), the world’s largest ink maker, has over 170 subsidiaries, including Sun Chemical in North America and Europe. DIC Corporation has extensive knowledge of the graphic arts business. The company is active in packaging & graphics, color & display, and functional products. DIC corporation has a strong customer base and operates in various countries in Europe, North America, Asia Pacific, and South America. The company has a wide product portfolio which includes products such as Gravure, Flexo Inks, Metal decorative Inks, Security Inks, Jet Inks, Offset Inks, and News Inks. In June 2020, DIC corporation acquired Sensient Technologies Corporation jet ink business. This acquisition will add jet inks for textiles, an entirely new product group, to the DIC Group’s jet inks portfolio.
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