Albany, NY, March 17, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has released a new market report titled "Printing Inks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020." According to the report, the global printing inks market was valued at US$ 14.41 Bn in 2013 and is projected to reach US$ 20.17 Bn by 2020, expanding at a CAGR of 5.0% between 2014 and 2020.
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Printing inks are used in printing applications such as packaging, publication and commercial printing. Packaging was the largest application segment of the printing inks market in 2013, led by rising demand for flexible packaging and other forms of packaging in numerous end-user industries. The printing inks market has been segmented into process type based on various printing processes that use printing inks. In terms of products, the printing inks market has been segmented based on the composition of inks.
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Packaging is estimated to be the fastest growing segment of the global printing inks market in the next few years. Rising demand for printing inks in packaging application products, such as flexible packaging, tags and labels, and metal cans, is anticipated to drive the global printing inks market in the next few years.
Lithographic printing held the major share of the printing inks market in 2013. In terms of volume, the segment accounted for more than 40% share of the global market in 2013. Digital printing segment is expected to be the fastest growing segment in the printing inks market during the forecast period. Demand for printing inks is likely to increase in the next few years due to significant rise in digital printing coupled with substantial demand for printing inks in household printing applications.
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Water-based printing inks segment is projected to be the fastest growing product segment in the printing inks market during the forecast period. Global demand for environmentally-safe printing inks such as water-based printing inks and UV-cured printing inks is estimated to increase at a rapid rate in the next few years. Currently, oil-based printing inks and solvent-based printing inks account for a major portion of the printing inks market; however, growth in water-based printing inks is anticipated to overshadow the market share of the two segments in the next six years.
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North America dominated the Global Printing Inks Market, accounting for more than 30% share in terms of volume in 2013. Increasing demand for printing inks in flexible packaging and commercial printing is projected to drive the printing inks market in North America in the next six years. Asia Pacific is anticipated to be the fastest growing region in the printing inks market in the next few years. Rising demand for printing inks in rapidly developing countries in Asia, such as India and China, is estimated to boost the printing inks market in Asia Pacific in the next six years. Market share of the region is expected to increase significantly in the next six years. Factors such as steady economic recovery in the U.S. and Europe and higher demand for printing inks in RoW are estimated to propel the global printing inks market in the next few years.
Key players operating in the printing inks industry include : Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO Ink Group, Sakata INX Corporation, ALTANA AG, Huber Group, T&K TOKA Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG and Royal Dutch Printing Ink Factories Van Son.
Other Reports By Transparency Market Research :
- Flexographic Printing Inks Market : http://www.transparencymarketresearch.com/flexographic-printing-inks-market.html
- Metamaterials Technologies Market : http://www.transparencymarketresearch.com/metamaterials-technologies.html
The report segments the global printing inks market into:
Printing Inks Market - Product Segment Analysis
- Solvent-based printing inks
- Water-based printing inks
- Oil-based printing inks
- Other printing inks (Including UV-cured Inks, etc.)
Printing Inks Market - Process Segment Analysis
- Lithographic printing
- Gravure printing
- Flexographic printing
- Digital printing
- Other printing (Including letterpress printing, etc.)
Printing Inks Market - Application Analysis
- Publication and commercial printing
- Others (Including decorative printing, etc.)
Printing Inks Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (Latin America, Africa and the Middle East)
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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