Global Ink Solvents Market Size By Product (Conventional, Green Bio-Based), By Chemistry Type (Alcohol, Hydrocarbon, Acetate), By Process Type (Gravure, Flexographic), By Application (Flexible packaging, Publication, Corrugated Cardboard & Folding Cartons), By End-User (Paints & Coatings, Construction), By Geographic Scope And Forecast
Report ID: 41138|No. of Pages: 202
Global Ink Solvents Market Size By Product (Conventional, Green Bio-Based), By Chemistry Type (Alcohol, Hydrocarbon, Acetate), By Process Type (Gravure, Flexographic), By Application (Flexible packaging, Publication, Corrugated Cardboard & Folding Cartons), By End-User (Paints & Coatings, Construction), By Geographic Scope And Forecast
Ink Solvents Market Size And Forecast
Ink Solvents Market size was valued at USD 813.96 Million in 2024 and is projected to reach USD 1172.68 Million by 2031, growing at a CAGR of 4.67% during the forecasted period 2024 to 2031.
The expansion of the packaging printing industry is driving the demand for ink solvents. Significant growth in the printing industry in developed countries, as well as an increase in the use of environmentally friendly inks, are driving the demand. The use of ink solvents in the textile industry is also driving growth. In addition, the technological advancements of bio-based solvents are also playing a major role in driving the market growth. The Global Ink Solvents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Ink Solvents Market Definition
Ink solvents are specifically formulated chemicals used for printing that control viscosity and allow flow without causing damage to printing rollers. Ink solvents are widely used in consumer, agricultural, and domestic printing. The most common solvents used in the manufacture of inks are n-propyl acetate, ethyl acetate, isopropanol, and methylated spirits. They are well-known for their high efficiency, low cost, non-coating properties, and rapid evaporation rate. As a result, these are the significant factors that are positively influencing the global Ink Solvents Market. Ink solvents have exceptional properties such as strong flow, solvency, dilutability, solvent consistency, extraordinary shine, and good surface appearance.
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Global Ink Solvents Market Overview
The bio-based Ink Solvents Market is being driven by low VOC emissions from inks and a rise in demand for ink solvents in a variety of industries. The packaging market is rapidly expanding, and as a result, printing has gained a strong foothold in the global ink sector. The use of solvent-based inks in ads and textile applications has boosted the demand for ink solvents. Excellent printing accuracy, image stability, and adaptability in printing on any substrate are driving demand in the printing inks industry, resulting in the expansion of the Ink Solvents Market. Furthermore, technological advancements and the introduction of bio-based solvents have resulted in the substitution of conventional solvents. The increase in demand for bio-based inks is expected to fuel the Ink Solvents Market.
Crude oil price swings influence the costs of raw materials such as aromatics, ketones, esters, and alcohol, which are used to make ink solvents that can restrain the growth of the market. Furthermore, the rising demand for long-lasting, flexible, and fast-drying inks for industrial printing, newspapers, packaging, corrugated cardboards, and consumer-specific printing is expected to drive the market. Also, the printing industry’s need for high-quality, environmentally friendly inks is expected to provide lucrative opportunities to the market in the near future.
Global Ink Solvents Market: Segmentation Analysis
The market is segmented on the basis of Product, Chemistry Type, Process Type, Application, End-User, And Geography.
Ink Solvents Market, By Product
- Conventional
- Green bio-based
Based on Product, the market is segmented into Conventional, Green bio-based.
Ink Solvents Market, By Chemistry Type
- Alcohol
- Hydrocarbon
- Acetate
- Others
Based on Chemistry Type, the market is segmented into Alcohol, Hydrocarbon, Acetate, and Others which include Ethers & Esters.
Ink Solvents Market, By Process Type
- Gravure
- Flexographic
- Others
Based on Process Type, the market is segmented into Gravure, Flexographic, and Others. The flexographic segment is expected to account for the strongest share of the global Ink Solvents Market. Flexographic scanning is commonly used for printing fibres, metallic films, cellophane, and other smooth substrates used in a variety of packaging applications. It’s also ideal for wide-format printing and high-quality printing.
Ink Solvents Market, By Application
- Flexible packaging
- Publication
- Corrugated cardboard & folding cartons
- Others
Based on Application, the market is segmented into Flexible packaging, Publication, Corrugated cardboard & folding cartons, and Others.
Ink Solvents Market, By End-User
- Paints & coatings
- Construction
- Others
Based on End-User, the market is segmented into Paints & coatings, Construction, and Others.
Ink Solvents Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to lead the global Ink Solvents Market, followed by Europe. The market in North America is expanding rapidly as a result of an increase in mergers and acquisitions among existing players for ink solvent product offerings.
Key Players
The “Global Ink Solvents Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Arkema S.A., Dow Chemical Company, Celanese Corporation, Eastman Chemical Company, Ashland Inc., Evonik Industries AG, Solvay AG, OMNOVA Solutions, INEOS AG and Royal Dutch Shell.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope:
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | BASF SE, Arkema S.A., Dow Chemical Company, Celanese Corporation, Eastman Chemical Company, Ashland Inc., Evonik Industries AG, Solvay AG. |
| SEGMENTS COVERED | By Product, By Chemistry Type, By Process Type, By Application, By End-User And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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1 INTRODUCTION OF GLOBAL INK SOLVENTS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INK SOLVENTS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL INK SOLVENTS MARKET, BY PRODUCT
5.1 Overview
5.2 Conventional
5.3 Green bio-based
6 GLOBAL INK SOLVENTS MARKET, BY CHEMISTRY TYPE
6.1 Overview
6.2 Alcohol
6.3 Hydrocarbon
6.4 Acetate
6.5 Others
7 GLOBAL INK SOLVENTS MARKET, BY PROCESS TYPE
7.1 Overview
7.2 Gravure
7.3 Flexographic
7.4 Others
8 GLOBAL INK SOLVENTS MARKET, BY APPLICATION
8.1 Overview
8.2 Flexible packaging
8.3 Publication
8.4 Corrugated cardboard & folding cartons
8.5 Others
9 GLOBAL INK SOLVENTS MARKET, BY END-USER
9.1 Overview
9.2 Paints & coatings
9.3 Construction
9.4 Others
10 GLOBAL INK SOLVENTS MARKET, BY GEOGRAPHY
10.1 Overview
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
10.5 Rest of the World
10.5.1 Latin America
10.5.2 Middle East and Africa
11 GLOBAL INK SOLVENTS MARKET COMPETITIVE LANDSCAPE
11.1 Overview
11.2 Company Market Ranking
11.3 Key Development Strategies
12 COMPANY PROFILES
12.1 BASF SE
12.1.1 Overview
12.1.2 Financial Performance
12.1.3 Product Outlook
12.1.4 Key Developments
12.2 Arkema S.A.
12.2.1 Overview
12.2.2 Financial Performance
12.2.3 Product Outlook
12.2.4 Key Developments
12.3 Dow Chemical Company
12.3.1 Overview
12.3.2 Financial Performance
12.3.3 Product Outlook
12.3.4 Key Developments
12.4 Celanese Corporation
12.4.1 Overview
12.4.2 Financial Performance
12.4.3 Product Outlook
12.4.4 Key Developments
12.5 Eastman Chemical Company
12.5.1 Overview
12.5.2 Financial Performance
12.5.3 Product Outlook
12.5.4 Key Developments
12.6 Ashland Inc.
12.6.1 Overview
12.6.2 Financial Performance
12.6.3 Product Outlook
12.6.4 Key Developments
12.7 Evonik Industries AG
12.7.1 Overview
12.7.2 Financial Performance
12.7.3 Product Outlook
12.7.4 Key Developments
12.8 Solvay AG
12.8.1 Overview
12.8.2 Financial Performance
12.8.3 Product Outlook
12.8.4 Key Developments
12.9 OMNOVA Solutions
12.9.1 Overview
12.9.2 Financial Performance
12.9.3 Product Outlook
12.9.4 Key Developments
12.10 INEOS AG
12.10.1 Overview
12.10.2 Financial Performance
12.10.3 Product Outlook
12.10.4 Key Developments
13 Appendix
13.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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