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Oil-Based Printing Inks Global Market Report 2022

Oil-Based Printing Inks Global Market Report 2022

  • May 2022
  • 175 pages
  • ID: 6281522
  • Format: PDF
  • The Business Research Company


Table of Contents

Major players in the oil-based printing inks market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., and Siegwerk Druckfarben AG & Co.

The global oil-based printing inks market is expected to grow from $10.88 billion in 2021 to $11.35 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The market is expected to grow to $12.95 billion in 2026 at a CAGR of 3.3%.

The oil-based printing inks market consists of sales of oil-based printing inks.Oil-based inks consist of a pigment or pigments of the required color mixed with oil.

For example, black inks are made from carbon blacks and thick linseed oil.

The main types of oil-based printing inks are vegetable oil-based printing inks and mineral oil-based printing inks.Vegetable-based printing ink is created from vegetable oil as a substitute for petroleum, such as soybean or maize oil.

The amount of VOCs (volatile organic compounds) discharged into the air during printing is greatly reduced by using vegetable-based inks. The oil-based printing is applied in marking and coding, package printing, and signage that are used by packaging, print media, commercial Printing, and other sectors.

Western Europe was the largest region in the oil-based printing inks market in 2021.Asia Pacific was the second-largest region in the oil-based printing inks market.

The regions covered in the oil-based printing inks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing inks market in the forecast period.The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks have been banned due to an explosion and fire that occurred in March 2019 in Jiangsu Province, China.

The incident has increased the demand for oil-based printing inks which can be used as a substitute for petroleum and chemical-based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, Mojoprint, which is Japan’s number one English-language printing service company uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks.

A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing inks market.Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives.

This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution.China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and associated chemicals manufacturing ecosystem.

Market players have already started facing challenges due to shortages of raw materials. For instance, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing inks supply due to global raw material shortages resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories.

The printing inks industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications.High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speed.

They also enable re-printability and drastically reduce the number of cleaning stencils required.For instance, IIMAK introduced Sure Scan II Plus, a high-resolution replacement compatible inkjet ink, which reduces the cost of printing and downtime, and eliminates waste.

This functions as a replacement option that offers performance in various high-resolution inkjet printers such as Foxjet, Matthews, and Diagraph. Top companies in the market are developing high definition inks with premium durability, fast dry time, and a 12-month shelf life

In October 2020, Flint Group Packaging Inks, an India-based Chemical manufacturer acquired Poteet Printing Systems LLC for an undisclosed amount.This acquisition strengthens Flint Group Packaging Inks’ position within, and technical support to, the Paper & Board market in North America.

Poteet Printing Systems LLC, a USA-based Chemical manufacturer.

The countries covered in the oil-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

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