Specialty Ink Market Research Report- Forecast till 2030

Specialty Ink Market by Type (Thermochromic, Photochromic), Resin Type (Modified Resin, Acrylic, Cellulose, Polyamide, Polyurethane, Hydrocarbon), Application (Printing & Publication, Flexible Packaging, Safety & Security), Region till 2030

ID: MRFR/CnM/3739-HCR | February 2021 | Region: Global | 140 pages

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Specialty Ink Market Overview

Ink is an aqueous solution of color pigments or dyes. It is majorly used to color a surface to impart a design, or draw a text on it. In market the ink is available in the form of thick paste or liquid. The thicker inks are used extensively in letterpress and lithographic printing, while the thinner form is applied on the substrate by using a pen, brush or quill. Specialty inks serve the special purposes other than their normal forms do. Based on the special uses these inks are modified into metallic, light fast, fluorescent, security, carbonizing, and invisible inks, among others such as penetrating ink, magic ink, and polybond ink. Their applications can be found in high tech security printings, cheque printing, fluorescent that catches attention, metallic shade inks, and carbon copy paper printing ink among others.

As per our analysis, increasing demand for the specialty printing ink from emerging scope of applications such as protection from counterfeit and fake branding is the primary factor driving growth of the market. The global printing ink market for packaging is estimated to grow at CAGR of 6.20% due to rising global demand for label packaging providing nutritive and product information. Apart from this, the color, design and appearance of the ink is a critical factor when it comes to attracting the customers. This is anticipated to give boost to the Specialty Ink Market in the coming years. Moreover, with increasing per capita income and standard of living of the people, particularly in the developing countries, the consumer sentiment is shifting toward the use of packaged food, beverages and other retail products. This development in the major end users of specialty ink is projected to fuel its demand during the years to follow. Furthermore, the leading players are investing substantial share of their annual revenue in R&D for development of innovative ink products to serve the safety and security of confidential documents products. Additionally, advancements in the field of 3D printing, and arrival of new technologies such as inkjet, offset and others is expected boost growth of the market during the review period. However, the fluctuations in the raw material prices, cost intensive nature of new technologies and shift from traditional to digital market are the major bottlenecks operating in the market, which is anticipated to restrain growth of the market during the review period.   

Global specialty ink market share by application, 2016 (%)


 Global specialty ink market share by application


Source: MRFR Analysis


Regional Analysis


The Specialty Ink Market is spanned across the five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the fastest growing market among them, on account of the dynamic growth and rising industrialization of emerging economies in the region such as India, Japan, China, and South Korea. India and China are the major markets in this region due to growing demand for specialty from expanding application base. North America is the second largest market in the global specialty ink market after Asia Pacific. The U.S is leading the market in this region, which is attributed to huge demand of packaged food and other retail products growing foods & beverages industry, and document safety applications. Europe is another significant region in the global specialty ink market. Major contributors to the regional market are U.K, France, Germany and Switzerland. Yet, the region is anticipated to witness a moderate growth during the forecast period due to sluggish growth of end users and economic slowdown. Latin America is expected to grow at a significant CAGR owing to reviving economy and high growth potential exhibited by Brazil and Mexico. Lastly, during the years to follow, the Middle East & Africa region is set to grow at healthy CGAR on account of the huge growth opportunities offered by tourism industry.


Segmentation


The Specialty Ink Market is segmented into Type, Resin Type, Application, and Region.


On the basis of Type, the market is divided into modified thermochromic (changes color when exposed to heat), photochromic (changes color when exposed to light).


By Resin Type, the Specialty Ink Market is categorized into modified resin, acrylic, cellulose, polyamide, polyurethane, hydrocarbon, and others.

Based on Application, the market is classified into printing & publication, flexible packaging, safety & security, entertainment, and others.


Regionally, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players:


The prominent players operating in the Specialty Ink Market are IIMAK (U.S.), Sun Chemical (U.S.), Toyo Ink International Corp. (U.S.), TOKYO PRINTING INK MFG CO.,LTD. (Japan), DAIHANINK Co., Ltd. (South Korea), Siegwerk Druckfarben AG & Co. KGaA (Germany), Huber Group Holding SE (Germany),  Bordeaux Digital PrintInk Ltd. (Israel), T&K TOKA Corporation (Japan), and Royal Dutch Printing Ink Factories Van Son (the Netherlands), among others.


Intended Audience



  • Specialty ink manufacturers

  • Traders and distributors of specialty ink

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2020–2030: 6.20% CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Resin Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IIMAK (U.S.), Sun Chemical (U.S.), Toyo Ink International Corp. (U.S.), TOKYO PRINTING INK MFG CO.,LTD. (Japan), DAIHANINK Co., Ltd. (South Korea), Siegwerk Druckfarben AG & Co. KGaA (Germany), Huber Group Holding SE (Germany), Bordeaux Digital PrintInk Ltd. (Israel), T&K TOKA Corporation (Japan), and Royal Dutch Printing Ink Factories Van Son (the Netherlands), among others.
  Key Market Opportunities   Protection from counterfeit and fake branding is the primary factor driving growth of the market.
  Key Market Drivers   Rising global demand for label packaging providing nutritive and product information.


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Frequently Asked Questions (FAQ) :

The global specialty ink market is dominated by thermochromic ink, which is widely used to safeguard confidential documents.

Modified resin is the leading resin type in the specialty ink market, followed by other options such as cellulose, acrylic, polyurethane, and more.

Printing and publication is the leading application of specialty inks, followed by flexible packaging.

Asia Pacific holds the largest share in the global specialty inks market due to the strong presence of the traditional print media in the region.

Leading players in the global specialty ink market include Sun Chemical, IIMAK, Toyo Ink International Corp., T&K Toka Corporation, Siegwerk Druckfarben, Huber Group, and Royal Dutch Printing Ink Factories Van Son.