Categories: Market Research

Global Solvent-Based Inks Market Report 2024-2033

Overview and Scope
Solvent-based inks refer to a type of printing ink formulation that uses organic solvents as a carrier fluid for the pigment or dye particles. These inks are used in various printing processes such as flexography, gravure, and screen printing, as well as some types of inkjet printing. These are used to provide high-quality, durable, and fast-drying prints on diverse substrates such as paper, plastic, metal, and fabric.

Sizing and Forecast
The solvent-based inks market size has grown strongly in recent years. It will grow from $8.47 billion in 2023 to $8.90 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to growth in digital printing industry, growth in the lamination industry, growth of the transportation industry, and rising investment in solvent-based inks usage.

The solvent-based inks market size is expected to see strong growth in the next few years. It will grow to $10.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to packaged material usage in food and consumer packaging applications, rise in popularity of bio-based solvents, increase in ad spending personalization, outdoor advertising and packaging offers, growing demand for printed materials. Major trends in the forecast period include need for high-quality prints, shift towards high-quality prints, customizable options, and durable coatings, focusing on ongoing research and development, integrated solutions, rapid development in ink.

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Segmentation & Regional Insights
The solvent-based inks market covered in this report is segmented –

1) By Product Type: Vinyl Inks, Vinyl-Acrylic Inks, Epoxy Inks, Polyurethane Inks, Cellulose Inks
2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital
3) By Application: Label And Packaging, Commercial Printing, Publication, Other Applications

Asia-Pacific was the largest region in the solvent-based inks market in 2023. It is expected to be the fastest growing region in the market. The regions covered in the solvent-based inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing printed advertising spending is expected to propel the growth of the solvent-based inks market going forward. Print advertising spending represents the cost of advertising in national and local newspapers, magazines, and business publications. Print advertising spending is on the rise because print media allows advertisers to target specific demographics and niche audiences with precision. It also helps build brand awareness and recognition by consistently exposing consumers to a brand’s messaging over time. Solvent-based inks offer good resistance to fading and deterioration over time, ensuring that print advertisements maintain their visual impact and readability for extended periods. These are also compatible with high-speed printing equipment, allowing advertisers to produce large volumes of printed materials efficiently and cost-effectively. For instance, in April 2022, according to an article shared by the International News Media Association, a US-based global community of news media companies, the expenditure on advertising in print newspapers globally grew by 4.8% last year. Print revenue has grown by 13% in India. In Germany, 89% of newspaper revenue comes from print. Therefore, increasing printed advertising spending is driving the growth of the solvent-based inks market.

Key Industry Players

Major companies operating in the solvent-based inks market are BASF SE, Honeywell International Inc., Mitsubishi Chemical Holdings Corp., 3M Company, Henkel AG & Co. KGaA, Covestro AG, DuPont de Nemours Inc., Arkema SA, Avery Dennison Corporation, Sun Chemical Corporation, Huntsman Corporation, Clariant AG, H.B. Fuller, Altana AG, Flint Group, Ashland Inc., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Huber Group Holding SE, SICPA Holding SA, Zeller+Gmelin GmbH & Co. KG, Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Heubach GmbH, FUJIFILM Europe GmbH, Eptanova S.R.L.

The solvent-based inks market report table of contents includes:

1. Executive Summary

2. Solvent-Based Inks Market Characteristics

3. Solvent-Based Inks Market Trends And Strategies

4. Solvent-Based Inks Market – Macro Economic Scenario

5. Global Solvent-Based Inks Market Size and Growth

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32. Global Solvent-Based Inks Market Competitive Benchmarking

33. Global Solvent-Based Inks Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Solvent-Based Inks Market

35. Solvent-Based Inks Market Future Outlook and Potential Analysis

36. Appendix