ID: MRFR/CnM/3739-HCR | February 2021 | Region: Global | 140 pages
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.
Global specialty ink market share by application, 2016 (%)
Source: MRFR 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.
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).
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.
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.
|Market Size||2030: Significant value|
|CAGR||2020–2030: 6.20% CAGR|
|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.|
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.