[FURL=https://www.industryarc.com/Report/16436/ink-solvent-market.html]Ink solvent Market[/FURL] size is forecast to reach $920 million by 2025, after growing at a CAGR of 4.9% during 2020-2025, owing to the increasing demand for ink solvents such as hydrocarbons and alcohols from the flexible packaging and paper publishing industries to manufacture inks. Ink solvents are specifically formulated chemicals that are used to control viscosity, permit flow, and achieve the desired printing output without damaging printing rollers. The properties such as solvency, good flow, solvent stability, dilutability, remarkable gloss, and good surface appearance, and ink performance will be the key influencing factors for the growth of the ink solvents market.Key Takeaways
Asia-Pacific dominates the ink solvent market, owing to the increasing demand for ink solvents such as methylated spirits, ethyl acetate, isopropanol, and n-propyl acetate from the packaging industry in the region for labeling and invoice of products.
Growing demand for printing inks from the packaging industry, high consumption of food and beverages, and electronics in the developing regions contribute to the growth of flexible packaging and ink solvents.
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 ink. This solvent was developed with 100% vegetal derived solvents, and it does not contain any volatile organic compounds (VOCs) and was approved by EPA.
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Ink Solvent Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the ink solvent market in 2019 up to 40%, owing to the increasing demand for proper labeling in packages and increasing the packaging industry in the APAC region. The Indian packaging industry was one of the fastest-growing industries in 2016 and stands at $700 billion worldwide, according to the Federation of Indian Chambers of Commerce & Industry (FICCI). In India, it grew at a CAGR of 16% in the last five years and touched approximately $32 Billion in 2015.
Ink Solvent Market Drivers
Increasing demand for Bio-Based Ink Solvents
Increasing E-Commerce Platform
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ink solvent market. In 2019, the market of ink solvent has been consolidated by the top five players accounting for xx% of the share. Major players in the ink solvent market are BASF SE, Dow Chemical Company, Eastman Chemical Company, Arkema S.A., Ashland Inc., Celanese Corporation, Evonik Industries AG, Ineos AG, Omnova Solutions, Royal Dutch Shell, Solvay AG, and Vertec Biosolvents Inc.
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