Market Overview:
The global ink solvents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for inks across various applications, such as flexible packaging, folding cartons, corrugated cardboard, and others. Alcohol solvents are expected to hold a major share of the global ink solvents market during the forecast period owing to their properties such as low volatility and non-flammability. However, ester solvents are projected to grow at a higher CAGR than other types of ink solvents during the forecast period due to their high volatility and flammability.
Product Definition:
An ink solvent is a substance that dissolves or disperses an ink. Ink solvents are important because they help to evenly disperse the ink throughout the printing medium and also help to keep the ink from clumping together.
Alcohol solvents:
Alcohol solvents are basically used to dissolve any type of solid material. They are also used in the production of ink solvents. The growth factor for alcohol solvent is printing inks and adhesives market which has been growing at a steady pace owing to its huge demand from packaging industry, textile industry and other industries that uses water-based or solvent-based printing inks & adhesives.
Ester solvents:
Ester solvents are organic compounds that contain an ester group. They are used as a solvent in the printing inks and paints industry. The product is also known as aliphatic hydrocarbon solvent or alcohol ester, which is produced by the reaction of hydrocarbons like n-propyl alcohol with fatty acids like oleic acid.
Application Insights:
Flexible packaging was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The global flexible packaging market has witnessed tremendous growth over the past few years owing to its ability to protect products from damage during transit and offer an aesthetic appeal. This, in turn, is likely to propel product demand across various applications such as folding cartons, corrugated cardboard boxes among others.
Corrugated cardboard boxes are expected to be one of the fastest-growing segments due largely in part that these containers offer high resistance towards impact and compression forces which further enhances their utilization across a variety of end-use industries including food & beverages where they are used for cleaning or rinsing utensils among other uses.
Regional Analysis:
Asia Pacific was the largest regional ink solvents market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for flexible packaging solutions from various end-use industries, such as food & beverage, pharmaceuticals, cosmetics and others. In addition, increasing industrialization in countries like China and India coupled with growing population will drive product demand further.
The Asia Pacific region is characterized by presence of a large number of manufacturers who cater to the domestic as well as export markets across several countries including Japan, South Korea, Taiwan and China among other Southeast Asian nations. These factors are anticipated to boost industry expansion over the coming years. However there exists a significant gap between production capacity utilization rate owing to lack of awareness regarding health hazards associated with these products which limits their utilization in major applications such as printing ink manufacturing or coating formulation manufacturing process equipment cleaning etc.
Growth Factors:
- Increasing demand for ink solvents in the packaging and printing industry as a result of the growth in the graphic arts market.
- Rising demand from emerging markets, such as China and India, due to their growing economies and increasing population.
- The increasing use of digital printing technology, which requires smaller quantities of ink solvents compared to traditional offset printing technology.
- The development of more environmentally friendly ink solvents that are less harmful to the environment than traditional solvents.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ink Solvents Market Research Report
By Type
Alcohol solvents, Ester solvents, Benzene solvent, Ketone solvent
By Application
Flexible packaging, Folding cartons, Corrugated cardboard, Other
By Companies
Eastman, DowDuPont, Basf, Ashland, Shell, Mitsubishi Shoji Chem, Solvay, Evonik, Celanese, Ineos, Exxon Mobil, Vertec Biosolvent, Lotte Chem, LyondellBasell, LG Chem, Arkema, Showa Denko, YIP'S Chem, Yankuang Lunan Chem, Baichuan Chem, Super Chemical, Sanmu Chem, Jinyimeng Group, Jianye Chem, Zhongchuang Chem, CNPC, Lianhai Bio-tech, Sopo Group, Jidong Solvent, Huayi Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ink Solvents Market Report Segments:
The global Ink Solvents market is segmented on the basis of:
Types
Alcohol solvents, Ester solvents, Benzene solvent, Ketone solvent
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flexible packaging, Folding cartons, Corrugated cardboard, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman
- DowDuPont
- Basf
- Ashland
- Shell
- Mitsubishi Shoji Chem
- Solvay
- Evonik
- Celanese
- Ineos
- Exxon Mobil
- Vertec Biosolvent
- Lotte Chem
- LyondellBasell
- LG Chem
- Arkema
- Showa Denko
- YIP'S Chem
- Yankuang Lunan Chem
- Baichuan Chem
- Super Chemical
- Sanmu Chem
- Jinyimeng Group
- Jianye Chem
- Zhongchuang Chem
- CNPC
- Lianhai Bio-tech
- Sopo Group
- Jidong Solvent
- Huayi Group
Highlights of The Ink Solvents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alcohol solvents
- Ester solvents
- Benzene solvent
- Ketone solvent
- By Application:
- Flexible packaging
- Folding cartons
- Corrugated cardboard
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ink Solvents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ink solvents are a type of solvent used to dissolve ink in order to create a print. They can be water-based or oil-based, and come in various concentrations.
Some of the major players in the ink solvents market are Eastman, DowDuPont, Basf, Ashland, Shell, Mitsubishi Shoji Chem, Solvay, Evonik, Celanese, Ineos, Exxon Mobil, Vertec Biosolvent, Lotte Chem, LyondellBasell, LG Chem, Arkema, Showa Denko, YIP'S Chem, Yankuang Lunan Chem, Baichuan Chem, Super Chemical, Sanmu Chem, Jinyimeng Group, Jianye Chem, Zhongchuang Chem, CNPC, Lianhai Bio-tech, Sopo Group, Jidong Solvent, Huayi Group.
The ink solvents market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ink Solvents Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ink Solvents Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ink Solvents Market - Supply Chain
4.5. Global Ink Solvents Market Forecast
4.5.1. Ink Solvents Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ink Solvents Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ink Solvents Market Absolute $ Opportunity
5. Global Ink Solvents Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ink Solvents Market Size and Volume Forecast by Type
5.3.1. Alcohol solvents
5.3.2. Ester solvents
5.3.3. Benzene solvent
5.3.4. Ketone solvent
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ink Solvents Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ink Solvents Market Size and Volume Forecast by Application
6.3.1. Flexible packaging
6.3.2. Folding cartons
6.3.3. Corrugated cardboard
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ink Solvents Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ink Solvents Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ink Solvents Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ink Solvents Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ink Solvents Demand Share Forecast, 2019-2026
9. North America Ink Solvents Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ink Solvents Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ink Solvents Market Size and Volume Forecast by Application
9.4.1. Flexible packaging
9.4.2. Folding cartons
9.4.3. Corrugated cardboard
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ink Solvents Market Size and Volume Forecast by Type
9.7.1. Alcohol solvents
9.7.2. Ester solvents
9.7.3. Benzene solvent
9.7.4. Ketone solvent
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ink Solvents Demand Share Forecast, 2019-2026
10. Latin America Ink Solvents Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ink Solvents Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ink Solvents Market Size and Volume Forecast by Application
10.4.1. Flexible packaging
10.4.2. Folding cartons
10.4.3. Corrugated cardboard
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ink Solvents Market Size and Volume Forecast by Type
10.7.1. Alcohol solvents
10.7.2. Ester solvents
10.7.3. Benzene solvent
10.7.4. Ketone solvent
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ink Solvents Demand Share Forecast, 2019-2026
11. Europe Ink Solvents Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ink Solvents Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ink Solvents Market Size and Volume Forecast by Application
11.4.1. Flexible packaging
11.4.2. Folding cartons
11.4.3. Corrugated cardboard
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ink Solvents Market Size and Volume Forecast by Type
11.7.1. Alcohol solvents
11.7.2. Ester solvents
11.7.3. Benzene solvent
11.7.4. Ketone solvent
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ink Solvents Demand Share, 2019-2026
12. Asia Pacific Ink Solvents Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ink Solvents Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ink Solvents Market Size and Volume Forecast by Application
12.4.1. Flexible packaging
12.4.2. Folding cartons
12.4.3. Corrugated cardboard
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ink Solvents Market Size and Volume Forecast by Type
12.7.1. Alcohol solvents
12.7.2. Ester solvents
12.7.3. Benzene solvent
12.7.4. Ketone solvent
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ink Solvents Demand Share, 2019-2026
13. Middle East & Africa Ink Solvents Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ink Solvents Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ink Solvents Market Size and Volume Forecast by Application
13.4.1. Flexible packaging
13.4.2. Folding cartons
13.4.3. Corrugated cardboard
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ink Solvents Market Size and Volume Forecast by Type
13.7.1. Alcohol solvents
13.7.2. Ester solvents
13.7.3. Benzene solvent
13.7.4. Ketone solvent
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ink Solvents Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ink Solvents Market: Market Share Analysis
14.2. Ink Solvents Distributors and Customers
14.3. Ink Solvents Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eastman
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DowDuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Basf
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ashland
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shell
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Shoji Chem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solvay
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Evonik
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Celanese
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ineos
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Exxon Mobil
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Vertec Biosolvent
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lotte Chem
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. LyondellBasell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LG Chem
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Arkema
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Showa Denko
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. YIP'S Chem
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Yankuang Lunan Chem
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Baichuan Chem
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
