(Companies: Flint Group, Huber Group, Sakata Inx, Siegwerk Druckfarben Ag & Co. Kgaa, Dic Corporation, Toyo Ink Sc Holdings Co., Ltd., Dow Corning Corporation, Evonik Industries Ag, T & K Toka Co., Ltd., and The Sherwin-Williams Company)
The global water-based printing inks market was worth $5.16 billion in 2019. The Western Europe water-based printing inks market was the largest market in 2019.
Water-based printing inks are referred to as aqueous inks and are dye and pigment inks. They are not waterproof and fade in UV light. The use of water-based printing inks has been limited due to compatibility with substrate materials, but they are successfully used in various applications including printing on fabric, paper, and some plastics.
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The global water-based printing inks market is expected to grow at a rate of about 7% and reach $6.72 billion by 2023. 3D technology will be a driver of the printing inks market during the forecast period. 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.
However, water-based printing inks take a considerably large amount of time to be cured when compared with non-water based printing inks, thereby restraining growth of the market.
Many companies in the printing inks market are shifting from manufacturing of petroleum-based printing inks to manufacturing of environmentally-friendly printing inks (green printing inks). Unlike petroleum-based printing inks, green printing inks do not contain heavy metals or other dangerous and toxic substances, therefore they do not cause excessive pollution in the landfill. Examples of green printing inks include water-based and oil-based printing inks.
Major players in the market are Flint Group, Huber Group, Sakata Inx, Siegwerk Druckfarben Ag & Co. Kgaa, Dic Corporation, Toyo Ink Sc Holdings Co., Ltd., Dow Corning Corporation, Evonik Industries Ag, T & K Toka Co., Ltd., and The Sherwin-Williams Company. Evonik Industries AG is a stock-listed German specialty chemicals company – the second largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world.
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Few Points from Table of Contents:
2. Water-Based Printing Inks Market Characteristics
3. Water-Based Printing Inks Market Size And Growth
3.1. Global Water-Based Printing Inks Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Water-Based Printing Inks Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Water-Based Printing Inks Market Segmentation
4.1. Global Water-Based Printing Inks Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Acrylic Water-Based Inks
Maleic Water-Based Inks
Shellac Water-Based Inks
5. Water-Based Printing Inks Market Regional And Country Analysis
5.1. Global Water-Based Printing Inks Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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