Overview of the global ink solvent market

Technavio’s market study identifies the growing demand for printing inks from the packaging industry to be one of the primary growth factors for the ink solvent market. Ink solvent is the primary raw materials used to produce ink solvent-based printing inks that are used in various applications such as packaging, publishing, and business communication. High consumption of food and beverages, and electronics in the developing regions contributes to growth of flexible packaging and ink solvents. Additionally, the trend of easy to cook meals and packaged products further supports the growth. Our market research analysts estimate that this market will grow steadily at a CAGR of about 5% by 2021.

Packaging market is increasingly witnessing the development of sustainable products using eco-friendly inks and new printing technologies. Additionally, the governments in the developing countries are adopting stringent regulations and policies to regulate the content of the inks. For instance, Zanasi introduced 511 BIO, the new biodegradable inks for industrial inkjet printers. This solvent was developed with 100% vegetal derived solvents, and it does not contain any volatile organic compounds (VOCs), and was approved by EPA. According to this market research report, the growing demand for bio-degradable solvents will be one of the key trends that will contribute to the growth of the ink solvent market during the next few years.

Competitive landscape and key vendors

The ink solvent market is fragmented due to the presence of many large and small vendors. Key players account for major market shares by executing several business strategies such as new product development, expansion, and M&A to strengthen their position in the eco solvent ink market. Key ink solvent manufacturers compete intensely in terms of operation cost, price, economies of scale, product quality, and innovation. Increased R&D in technology and product development will intensify the level of competition among the players.

The leading vendors in the market are

• Arkema
• Ashland
• BASF
• Celanese
• The Dow Chemical Company

The other prominent vendors in the market are Archer Daniels Midland Company, Cargill, Eastman Chemical Company, INEOS, Myriant Corporation, OMNOVA Solutions, Shell, Solvay, and Vertec BioSolvents.

Segmentation by product type and analysis of the ink solvent market

• Conventional
• Green and bio-based

Conventional solvent accounts for major market share as these solvents are produced from crude oil downstream products that provide better performance and are cost-effective. Conventional solvents are primarily used in the formulation of inks, influenced by their growing uses in packaging, publishing, and food and beverage industry.

Segmentation by application and analysis of the ink solvent market

• Flexible packaging
• Corrugated cardboard and folding cartons
• Publication

The growing demand for flexible packaging influences the growing demand for ink solvents as it is used in the formulation of printing inks that aid the proper ink flow into the substrate. Factors such as high demand for convenient packaging in consumer goods, easy customization, easy customization, cost-effective, and lightweight property contributes to the growth of the flexible packaging inks market segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global ink solvent market?
• What are the key market trends impacting the growth of the global ink solvent market?
• What are the challenges to market growth?
• Who are the key vendors in the global ink solvent market?
• What are the market opportunities and threats faced by the vendors in the global ink solvent market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global ink solvent market?

Technavio also offers customization on reports based on specific client requirement.