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Ink Resin Market Trends

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

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Ink Resin Market Trends

One of the primary trends propelling this market is the surge in packaging requirements, fueled by the rapid expansion of the e-commerce sector and increasing consumer awareness regarding product aesthetics and branding. Additionally, the shift towards eco-friendly and sustainable packaging solutions has spurred the development and adoption of bio-based ink resins, aligning with global environmental regulations and consumer preferences for greener products.

Technological advancements are also a major driver, with innovations in resin formulations enhancing print quality, durability, and performance. For instance, UV-cured and water-based resins are gaining traction due to their low volatile organic compound (VOC) emissions and superior environmental profiles compared to traditional solvent-based resins. This trend is particularly pronounced in regions with stringent environmental regulations, such as North America and Europe.

Moreover, the growing popularity of digital printing technologies has necessitated the development of specialized resins that cater to the unique requirements of digital inks, including fast curing times and compatibility with various substrates. The Asia-Pacific region stands out as a lucrative market for ink resins, attributed to its booming manufacturing sector, rising disposable incomes, and expanding urbanization, which collectively bolster demand for high-quality printed materials.

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.