The Ink Resins Market Size was valued at USD 3.5 Billion in 2022. The ink resins market industry is projected to grow from USD 3.648 Billion in 2023 to USD 5.090 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.25% during the forecast period (2023 - 2032). The increase in packaged food demand and the demand for polyurethane resin in plastic goods are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for the ink resins market is driven by the essential properties they give inks, and resins are essential in the formulation. They provide many essential characteristics of a finished ink, such as gloss and stickiness. Important raw materials for the ink industry include toluene, benzene, ethylene, and propylene. The high-end polyurethane resin industry depends heavily on isophorone diisocyanate (IPDI) and isophorone diamine (IPDA). Seasonal and competitive demand for acrylates in paint and coatings, sealants, and building applications will exist, but the availability of acrylates will likely remain stable. Raw materials for resin are available, but costs are still unstable because of fluctuating feedstock prices or brief supply-demand imbalances. Although their costs have increased, polyols based on propylene oxide are still readily available. Despite an increase in the supply of raw materials, prices have remained stable.
Elements like the increase in packaged food demand and the demand for polyurethane resin in plastic goods are driving the market growth rate for ink resins. The increased accessibility of raw materials also impacts the development rates of the ink resins industry. On the other hand, the industry's expansion needs to be improved by the switch from conventional shopping to the internet and screen-based advertising. Numerous market opportunities are produced by ongoing research and development projects and innovation by resin manufacturers. The market's growth is constrained by the spike in petrochemical ink resin source prices.
The market is expected to benefit significantly from the rising demand for ink resins for printing and publishing. To give printing ink important properties, manufacturers use ink resins as essential ingredients.
The key drivers of the growth of the ink resins market are rising environmental protection standards for the printing ink industry, expansion of the packaging and energy-curable inks industries, rising demand for UV-cured inks, and new resin technologies. A comprehensive analysis of the market is offered by the Ink Resins Market report. The report thoroughly analyzes the market's key segments, trends, drivers, restraints, competitive environment, and other important elements. Thus, driving the ink resins market revenue.
The ink resins market segmentation based on type includes modified resin, acrylic, cellulose, polyamide, polyurethane, hydrocarbon, and others. The modified resin segment dominated the market, Modified resin and synthetic resins are frequently used as binders and overprint varnishes in ink vehicles. The most popular and widely used resins are resin ester adducts. The second-highest resin type used in printing inks is modified cellulose. The third most common type of resin used in printing inks is petroleum-based hydrocarbon resin. Flexographic inks with a water-based base contain acrylics.
Based on the printing process, the ink resins market segmentation includes lithographic, flexographic, gravure, letterpress, and digital. The lithographic category generated the most income. Lithographic printing yields prints that are crisp, clear, and detailed. It produces excellent image reproduction by faithfully replicating intricate patterns, fine details, and small text. Paper, cardboard, plastic, metal, and other materials can all be printed with lithography. This versatility makes numerous printing uses, including those for packaging, brochures, magazines, labels, posters, and newspapers possible.
Figure 1: Ink Resins Market, by Printing Process, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on applications, the ink resins market segmentation includes printing & publication, corrugated boards, flexible packaging, and others. The printing & publication category generated the most income. Accounted for an estimated 47% of the total market for ink resins in terms of volume in 2021, with flexible packaging representing the second-largest market for ink resins, with an estimated 22% of the market. Future flexible packaging, corrugated cardboard, and folding cartons market segments have a significant potential demand for ink resins. This can be attributed to the increase in demand for inks used in lamination designs, beverage packaging, cigarette packaging, pouches, and food packaging (especially seafood). The demand for ink is also rising, driving the demand for ink resins due to demand from the narrow web, tags, and label printing markets. Right now, the most popular inks on the market are those used for packaging, particularly plastics. On the other hand, the advent of new technologies has resulted in declining resin demand from the printing and publication sector. The popularity of digital devices and the Internet is growing, which has led to a drop in the demand for newspapers and magazines. This, in turn, is causing the demand for resins for inks used in the published application to decline.
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American ink resins market will dominate this market due to the rise in demand across all end uses, including commercial publication, packaging, and clothing manufacturing. Additionally, there is a growing need for printing inks in the packaging sector and the presence of vibrant and expanding economies in the area.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: INK RESINS MARKET SHARE BY REGION 2022 (USD Billion)Â 
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s ink resins market accounts for the second-largest market share. The main factor driving the market’s growth is the rising demand for ink resin from important end users like printing presses and commercial and industrial prints. Additionally, a significant factor that draws customers is the ink's color, design, and appearance, which will contribute to an increase in the market for ink resin in this region over the forecast period. Further, the German ink resins market held the largest market share, and the UK ink resins market was the fastest-growing market in the European region.
The Asia-Pacific Ink Resins Market is expected to grow at the fastest CAGR from 2023 to 2032. Because of the region's expanding end-use industries, the market in the Asia Pacific is currently experiencing rapid growth, which is anticipated to continue in the upcoming years. The largest market for ink technologies is in the Asia Pacific region. The ink industry is expanding due to the booming economies of China, India, and a few smaller nations like Indonesia and Thailand. Due to the region's lower production costs and improved ability to serve the local emerging markets, the packaging sector presents opportunities for manufacturers and international packaging converters. India had the highest growth in the Asia Pacific region for the printing ink industry. Moreover, China’s ink resins market held the largest market share, and the Indian ink resins market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the ink resins market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the ink resins industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the ink resins industry to benefit clients and increase the market sector. In recent years, the ink resins industry has offered some of the most significant advantages to medicine. Major players in the ink resins market, including Lawter (US), BASF SE (Germany), Royal DSM NV (Netherlands), DowDuPont Inc (US), Evonik Industries AG (Germany), Hydrite Chemical (US), Arizona Chemical Company, LLC (US), Arakawa Chemical Industries, Ltd (Japan), Indulor Chemie GmbH (Germany), IGM Resins, Inc. (The Netherlands), KRATON CORPORATION (US), and US-Polymers-Accurez LLC (US) and others, are attempting to increase market demand by investing in research and development operations.
BASF SE (Germany), At BASF, people are the key to long-term success, and everyone has talent. They give their employees the resources, direction, and chances they need to advance and succeed professionally and personally. BASF creates chemistry by giving the customer the assistance required to perform at their peak and achieve their goals. After all, customer success is correlated with BASF. Whatever career path customers want, BASF is a fantastic place to start.
DowDuPont Inc (US), Often abbreviated as DuPont, the French-American industrialist and chemist Éleuthère Irénée du Pont de Nemours founded the multinational chemical company in 1802. The business began as a significant supplier of gunpowder and later played a significant role in the growth of Delaware. In the 20th century, DuPont produced a variety of polymers, including Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam, and Lycra. Its scientists also produced a variety of chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant. Additionally, it produced synthetic paints and pigments like ChromaFlair.
Lawter (US)
BASF SE (Germany)
Royal DSM NV (Netherlands)
DowDuPont Inc (US)
Evonik Industries AG (Germany)
Hydrite Chemical (US)
Arizona Chemical Company
LLC (US)
Arakawa Chemical Industries, Ltd (Japan)
Indulor Chemie GmbH (Germany)
IGM Resins, Inc. (The Netherlands)
KRATON CORPORATION (US)
US-Polymers-Accurez LLC (US)
March 2022:Â Major technologies involved are oil-based, solvent-based, water-based, and UV-curable-based. It has several printing processes: lithography, gravure, flexography, and other.
Ink Resins Type Outlook
Modified Resin
Acrylic
Cellulose
Polyamide
Polyurethane
Hydrocarbon
Others
Ink Resins Printing Process Outlook
Lithographic
Flexographic
Gravure
Letterpress
Digital
Ink Resins Applications Outlook
Printing & Publication
Corrugated Boards
Flexible Packaging
Others
Ink Resins Regional Outlook
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| Report Attribute/Metric | Details |
| Market Size 2022 | USD 3.5 Billion |
| Market Size 2023 | USD 3.648 Billion |
| Market Size 2032 | USD 5.090 Billion |
| Compound Annual Growth Rate (CAGR) | 4.25% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Printing Process, Applications and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Lawter (US), BASF SE (Germany), Royal DSM NV (Netherlands), DowDuPont Inc (US), Evonik Industries AG (Germany), Hydrite Chemical (US), Arizona Chemical Company, LLC (US), Arakawa Chemical Industries, Ltd (Japan), Indulor Chemie GmbH (Germany), IGM Resins, Inc. (The Netherlands), KRATON CORPORATION (US), and US-Polymers-Accurez LLC (US) |
| Key Market Opportunities | Increase in packaged food demand |
| Key Market Dynamics | The demand for polyurethane resin in plastic goods |
Frequently Asked Questions (FAQ) :
The ink resins market size was valued at USD 3.5 Billion in 2022
The market is projected to grow at a CAGR of 4.25% during the forecast period, 2023-2032
North America had the largest share of the market
The key players in the market are Lawter (US), BASF SE (Germany), Royal DSM NV (Netherlands), DowDuPont Inc (US), Evonik Industries AG (Germany), Hydrite Chemical (US), Arizona Chemical Company, LLC (US), Arakawa Chemical Industries, Ltd (Japan), Indulor Chemie GmbH (Germany), IGM Resins, Inc. (The Netherlands), KRATON CORPORATION (US), and US-Polymers-Accurez LLC (US
The modified resin category dominated the market in 2022
Printing and publications had the largest share in the market
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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