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Ink Resin Market Share

Report ID: GMI9638
Published Date: May 2024
Report Format: PDF

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Ink Resin Market Share

The competitive landscape of the ink resin industry is characterized by a mix of both global giants and specialized regional players, making the market moderately fragmented. Key players such as BASF, The Dow Chemical Company, and Evonik Industries dominate with their extensive product portfolios, advanced R&D capabilities, and global distribution networks. These companies leverage their vast resources to innovate and meet the diverse needs of the printing industry, thereby holding substantial market shares.

Lawter, a prominent name in the sector, along with Arakawa Chemical Industries and Kraton Corporation, focus on specific segments of the market, providing specialized resins that cater to niche applications. Companies like Cymk Inks and Nissin Chemical Industry Co., Ltd., while smaller in scale, play critical roles in regional markets, particularly in Asia Pacific, where the demand for high-quality, cost-effective resins is rapidly growing.

Allnex and Flint Group are notable for their comprehensive range of high-performance resins and their strong presence in both developed and emerging markets. The DIC Corporation, known for its innovative solutions, and Indulor, which specializes in sustainable and eco-friendly products, further enhance the market's competitive diversity.

The presence of numerous companies across various market segments and regions indicates a moderately fragmented market. This fragmentation fosters competitive pricing, innovation, and the development of specialized products to meet the evolving demands of the global printing industry. As a result, the market remains dynamic and competitive, driven by continuous advancements and regional market growth.

Ink Resin Market Companies

Major players operating in the Ink Resin industry include:

BASF
The Dow Chemical Company
Lawter
Cymk Inks
Arakawa Chemical Industries
Evonik Industries
Kraton Corporation
Allnex
Flint Group
DIC Corporation
Nissin Chemical Industry Co., Ltd.
Indulor

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for ink resin was USD 3.5 billion in 2023 and is projected to expand at over 4.1% CAGR from 2024 to 2032, owing to the rising demand for printing inks in various industries, such as packaging, publishing, and commercial printing.

The acrylic resins segment in the ink resin industry is projected to account for 960 million in 2023 and is estimated to grow at significant CAGR between 2024 and 2032, due to their excellent adhesion, gloss, and durability.

The oil-based technology segment in the ink resin industry recorded 65.1% share in 2023 and is estimated to grow at notable rate between 2024 and 2032, due to their versatility and robust performance in various printing applications.

Asia Pacific market size recorded USD 1.39 billion in 2023 and is anticipated to showcase growth from 2024 to 2032, due to the strong manufacturing sector, extensive printing industry, and the high demand for packaging materials.