This research study analyzes the market for solvent-based inks in terms of revenue (US$ Mn) and volume (kilo tons). The solvent-based inks market has been segmented on the basis of product, printing type, end use applications, and geography. The report features a detailed regional segmentation with market growth forecasts for the 2016−2024 period. For the research, 2015 has been considered as the base year and 2016 the estimated year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional and country-specific levels from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the development of solvent-based inks technologies for the solvent-based inks business. The report also includes key market dynamics such as the drivers, restraints, and opportunities affecting the global solvent-based inks market.
These market dynamics are analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of the Porter’s Five Forces Analysis model, which helps in understanding the five major forces that affect the structure and profitability of the global solvent-based inks market. The forces analyzed are the bargaining power of buyers, the bargaining power of suppliers, the threat of new entrants, the threat of substitutes, and the degree of competition.
The high-level analysis in the report provides detailed insights into the solvent-based inks business globally. There are currently several drivers for the market. The most prominent drivers include rapid growth in the packaging industry along with growth in the digital printing industry. Market attractiveness analysis was carried out for the solvent-based inks market on the basis of product type, printing type, application, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.
On the basis of printing type, the market has been segmented into lithographic, gravure, flexographic, screen-printing, letterpress, and digital. On the basis of product type, the market has been segmented into vinyl inks, vinyl-acrylic inks, epoxy inks, polyurethanic inks, and cellulose inks. By application, the solvent-based inks market has been segmented by various end-use applications, including packaging, advertising, tags & labels, books & catalog, office stationery, magazines, newspaper, and other applications.
In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. China is expected to remain the dominant market for solvent-based inks, with demand reaching 275.7 kilo tons by 2024. A zero tax agreement between ASEAN and China has created a stable position for ASEAN, which is expected to expand at a CAGR of 3.2% between 2016 and 2024.
India is one of the fastest-growing economies in the world. Favorable government regulations and emergence of medium and small enterprises in India have contributed significantly to the solvent-based inks market.