LOS ANGELES, April 23, 2019 (GLOBE NEWSWIRE) -- The global Ink Additives market size is estimated to grow at CAGR above 5.5 % over the forecast time frame 2019-2026 and reach the market value around USD 3.4 billion by 2026.
Ink additives are used as raw materials by printer ink manufacturers to convey different properties to the printing of ink. These features include different viscosities, thicknesses, environmental resistance and smooth operation of the printer.
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Increase of the Packaging Industry Driving the Market
Every product needs packaging. Packaging is an important factor in the decision of the consumer to buy. Packaging protects goods against improper handling, harsh environments and movement. An important contribution to the selling of goods is attractive packaging. These benefits of packaging have started to be realized by both manufacturers and consumers. This has resulted in a considerable growth of the global packaging industry in recent years. The trend is expected to continue during the forecast period. Ink additives as one of the primary materials require all types of packaging to be printed and all printing inks. The global packaging industry was estimated to be at about US$ 800 billion in 2016 and is forecast to expand rapidly. The production of all types of printable inks uses tin add-ons.
Opportunities for close collaboration with manufacturers of printed ink
Tin additives such as dispersants, defoamers, waxes and tensiles are available in various forms. Various types of ink additives have various final results. For example, plasticizing products enhance the flexibility of printed films; waxes encourage rub resistance; chelating agents increase ink viscosity and adhesion; surfactants increase pigment or substratum weathering; and defoamers reduce water-based inks surface tension.
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Ink additive manufacturers can work closely with ink manufacturers to understand the precise requirement of printing inks and produce them accordingly. The cooperation can help manufacturers of ink printing to develop printing tinctures tailored to the specific processes of printing, for example lithography, flexography, engraving, digital printing or application such as packaging, publishing and commercial printing. Tin additive manufacturers are greatly gained through close relationships with printed tin manufacturers and the supply of personalized tin additives.
Wetting Agents are Commonly Used Ink Additives
The most frequently used additives are wetting agents. The benefits of weeding agents that drive their consumption include the growth of necessary surface voltage and contact angles, a hydrophobic nature and multifunctional capabilities such as dispersants, defoamers and elevators. Multifunctional capabilities are better used than sprayers for wetting substances. Firms produce a wide variety of weathering agents and try to impart to these agents various combinations of properties.
Consumes inks in Large Quantities Flexography Segment
Ink additives in the maximum amount consumed in the printing inks required during the flexographic printing process. Increased use of the flexographic process in various applications, such as packaging, publication and commercial printing, is expected to drive the flexological section.
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During the forecast period, the lithography and digital printing segments are also expected to be relatively attractive. Although lithography is an old process of printing, it is still widely used. It uses several moving elements, such as plates, which lead to high ink consumption. On the other hand, digital is an important market part of the printing process in the ink additives market because industry, for example, is adopting the technology quickly.
Solvent-based inks consume the maximum amount of ink additives because they are most consumed. Due to its low price and easy availability, solvent-based inks are preferred. Thus, their use during the forecast period is likely to continue.
Key Players and Strategies
The Ink Additives market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are BASF Group, Altana AG, Dow Chemicals Company, and Evonik Industries, among others.
The global market for tin additives is moderately consolidated, with a significant market share represented by several multinationals. These businesses have succeeded in developing various ink additive brands and product lines. They have also developed a large network of distributors in different countries and regions to penetrate markets.
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