The global solvent-based ink market is expected to witness significant growth over the forecast period. The solvent-based ink can be explained as that type of ink which is comparatively cheap and used in the inkjet printers. The term “solvent” is utilized for the ink which is manufactured without using water as the base.
The major application of the Solvent Ink is in the printing of products that are to be used out-of-doors since its capacity to stick to non-absorbent materials. Solvent ink too has the benefits of being fade-proof, waterproof, and resistant to scratch. These abilities increase its utility in out-of-doors printing.
The Solvent Ink consists of three portions: the carrier fluid, pigment, and the resin. Theoretically, solvent ink mentions merely to the oil-based carrier portion of the ink that retains the other constituents in a fluid condition and once used to a surface through jetting dissolves.
The market for solvent-based ink is mainly dependent on the development of the packaging industry. The fast-expanding packaging industry is likely to push the solvent-based ink market;
due to its usage on an extensive variety of exteriors and its properties of resistance to weather. This makes solvent-based inks essential for usage on packages of many types.
The bio-based printing inks market is anticipated to rise in the near future because they are ecofriendly and do not comprise any harmful substances. At present, bio-based printing inks prepared from rice bran oil, sugars, dextrin, and polysaccharides are being tried for printing capabilities.
With reference to the type of product, the solvent-based inks market includes vinyl inks, vinyl-acrylic inks, epoxy inks, polyurethane inks, and cellulose inks. Vinyl inks are measured to be amongst the best and extensively used solvent-based inks through the world owing to their quality of quick-drying and their easiness in alteration to various substrates. Yet, cellulose inks are probable to increase more adhesion in the prediction period owing to their obedience with numerous ecological rules and bio-based diluters.
On the basis of the process of printing, lithographic, and flexographic printing processes grasp an important stake in the market. The call for gravure printing has seen only modest development in 2015 largely owing to the cannibalization of gravure ink by flexographic and alphanumeric printing.
On the basis of application, solvent-based inks are widely used in the packing industry. The “publication” section, alternatively, that comprises newspapers, magazines, books, and catalogs, is expected to observe controlled development owing to the increase of online publicity and publication.
The solvent-based inks market has been divided on the base of product, printing type, end-use applications, and geography. On the basis of geography, the market has been divided into five areas namely North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. China is likely to stay the leading market for solvent-based inks by 2025. A nil tax contract amongst ASEAN nations and China has shaped a steady position for ASEAN. India is one of the rapidly developing economies in the world. Promising government guidelines and the appearance of medium and small enterprises in India have backed meaningfully to the solvent-based inks market.
By Type of printing the market is segmented into letterpress, screen-printing, gravure, lithographic, flexographic, & digital. By Type of product, the market is segmented into cellulose inks, epoxy inks, vinyl inks, vinyl-acrylic inks, polyurethane inks. By type of application, the market is segmented into newspaper, office stationery, books & catalog, packaging, advertising, tags & labels, magazines, and others
By Region, the solvent-based ink market size spans North America [The U.S., Canada] Europe [England, France, Germany, Spain, Italy Rest of Europe], Asia Pacific [China, Japan, India, ASEAN, Rest of Asia Pacific], Middle East & Africa [GCC, Egypt, South Africa, Rest of Middle East and Africa], Latin America [Brazil, Mexico, Rest of Latin America]
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