Advancement in Additives Compounds to Drive the Global ink additives market Growth

Chemical elements used to upgrade ink during preparation are termed as ink additives. Ink additives properties such as high stability, water resistance, and cost-effectiveness solution make it a preferred solution in printing industry. The Global ink additives market is anticipated to reach the CAGR of 5.7% over the forecast period, 2022-2030.

In addition, increasing demand for biodegradable and renewable products, combined with increased online sales that stimulate demand for corrugated boxes, will drive the market over the forecast period. The packaging industry is expected to drive the market over the forecast period due to factors such as increased online sales, the growing popularity of flexible home packaging, convenient and easy to handle. The ink additive market is poised to attain peak growth due to surging demand for flexo printing inks in the corrugated packaging, flexible packaging, folding boxes, labels, labels, and metal box packaging industry.

The increasing use of graphic design is one of the most important factors for market growth. Companies use attractive packaging to distinguish their products in today's competitive environment, creating an additional need for ink additives in the marketplace. The ink additive market will continue to grow due to demand in the packaging and commercial printing sectors. The thorough shift from print to digital media can form a barrier to the market. However, ink additive manufacturers produce environmentally friendly ink additives, which offer an opportunity for market acceptance.

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Segmentation

The factors based on which the Global ink additives market is segmented into type, process, technology, and application.

The type segment of the Global ink additives market is bifurcated into rheology modifiers, slip/rub materials, dispersing & wetting agents, and foam control additives. Rheology modifiers subsegment is attributed as a major demand driver in the ink production owing to its easy ink distribution on the printing substrate. The slip / friction subsegment is expected to dominate the market due to its increasing use as a varnish to improve texture, hydrophobicity, anti-blocking, and abrasion resistance.

Based on the process, the global market is classified as lithographic, digital, gravure, and flexographic. Lithographic subsegment owing to its smooth printing offering lead in terms of market share.

The Global ink additives market is also bifurcated based on technology into water-based and solvent-based. Solvent-based technology is mostly preferred owing to its high volatility and cost-effectiveness, and it is also a leading subsegment is some regions.

Regional Outlook

Geographically, Asia Pacific took the largest market share in the Global ink additives market. Regions such as India and China are some of the largest consumer and producer of the product. Growing research and investment in nanotechnology, availability of experts, low material costs are some of the important factors driving the Global ink additives market in the region.

 Europe and North America are other potential regional markets for ink additives. Water-based technology is majorly used in regions such as the U.S. and Germany owing strict regulatory policies associated with ink additive market.

Major Players

The key players driving the Global ink additives market comprise BASF SE, Evonik Industries, ALTANA AG, Elementis Plc, Harima Chemicals Group, Shamrock Technologies, Raybo Chemical Company, Allnex, Solvay S.A, Lubrizol, Croda International Plc., Honeywell International Inc, Clariant, and Polyone Corporation.

Industry Updates

Coatex, leading manufacturer of rheological additives has announced a realignment of coatings additive distribution in North America. Distributors for rheological additives used for adhesives & sealants, paints, and coatings will be rearranged. The trade names of the products included in the move are Coapur, Thixol, Rheotech, Coadis, Polyphobe, VIscoatex, and Ecodis. Owing to current changes in chemical distribution in North America, the company decided to shuffle and change the distribution channels. The new distributors will serve expertise and resources to distribute the solutions to the customers.

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