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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.
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
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.
By Resin Type
Modified Rosin
Hydrocarbon
Modified Cellulose
Acrylic
Polyamide
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
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 $1.5 trillion, which is expected to have a big effect on the growth of the ink resins market over the next few years. Asia-Pacific is the largest market for ink resins around the world. North America is the second largest market. The US is the market leader in this area. This is because there is a huge demand for packaged food and other retail goods, and the food and beverage industry is growing. Europe is another important part of the global market for ink resins. The UK, France, Germany, and Switzerland are major contributors to the regional market. However, the region is only expected to grow slowly over the next few years due to slow growth among end users and a slowing economy. Latin America is expected to have a high CAGR due to Brazil and Mexico's strong economies and high growth potential. The tourism industry will give the Middle East and Africa a lot of room to grow in the coming years, which will help the region grow at a high CAGR.
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KRATON CORPORATION, Lawter, Evonik Industries AG, IGM Resins Inc, Royal DSM NV, DowDuPont Inc, BASF SE, Arizona Chemical Company LLC, Hydrite Chemical, Indulor Chemie GmbH, Arakawa Chemical Industries Ltd, US-Polymers-Accurez LLC, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 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. |
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
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