Europe Ink resins are used to change the property of the end product such as in printing inks for the control of viscosity, increase of pigment adhesion properties and many others. Resins are part of printing inks composition and ink resins’ characteristics primarily include colour-carrying capabilities and colour adhesion properties. Growth in the application of ink resins especially in the emerging economies, growth and expansion of various end user verticals and surge in industrialization are the major factors attributable to the growth of ink resins market. With the growth and expansion in the market size and value, the ink resins market will witness a CAGR of 6.28% for the forecast period. Ink resins are a kind of resin used in printing inks. The manufacturing of ink resins is principally based on the by-products of crude oil such as polyesters, polyamides, hydrocarbons among others. The price of crude oil has witnessed high rate of fluctuation over the decade, which has made the availability of raw materials scarce at some point of time in the region. Importing the raw material from different regions or countries, becomes expensive when compared to the return on investment of the final product. Thus, the stability of raw material is important for the smooth functioning of ink resin, consequently for the ink manufacturing business.
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During the forecast period, the modified rosin category is expected to occupy a significant proportion of the worldwide market. Modified rosins have various advantages, including low pricing, easy availability, and increased product recognition. Most of the world's gum rosin is produced in Indonesia, Brazil, and China. Rosin for gum is used in the creation of altered rosin, an ink resin used as an essential ingredient in printing inks.
The polyamide sector is expected to trail the modified rosin segment during the projection period. Polyamide is used in the packaging industry for various purposes, including food packaging and cold-seal layers. Polyamides are frequently utilized in multilayered structures to give strength and toughness. The high demand for polyamide in the packaging sector drives the worldwide market. When opposed to petrochemical-based products, price variations are negligible due to the steady supply of bio-based sources.
Furthermore, considerable growth in the adhesives and sealants sector and the cosmetics industry is expected to affect the worldwide rosin resins industry favorably. Rosin resin is mainly used in printing inks as a color carrier and to promote adherence to paper. The expansion of the document and printing ink industries will likely pave the groundwork for considerable development in the rosin resins market in the coming years.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Europe Ink Resins Market analysis
- Chapter 3: Regional analysis of the Europe Ink Resins Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and analysis
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The major players covered in the ink resins market report are Harima Chemicals Group, Inc., BASF SE, Resinall Corp, Ingevity, OMNOVA Solutions Inc., Arakawa Chemical Industries Ltd., KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Shenghong Chemical, Meilida Pigment Industry Co., Ltd., Advanced Micro Polymers Inc., Mitsubishi Chemical Corporation., Eastman Chemical Company, DSM, Specialty Polymers, Inc., The Lubrizol Corporation, Indulor, DIC CORPORATION, Flint Group among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Europe Ink Resins Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2028?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Europe Ink Resins Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the Europe Ink Resins Market?
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