Asia Pacific printing ink will grow at an average annual rate of 5.5% in 2017

Recently, the Global Industry Analysts (GIA) published a new report on the official website of the printing ink: Global Strategic Enterprise Report. The company's research found that the global printing ink market value will reach 18.2 billion US dollars in 2017. The report pointed out that the Asia-Pacific region, especially China and India, is the fastest growing region in the printing ink market. It is estimated that by 2017, the composite annual growth rate of the printing ink industry in the Asia-Pacific region will reach 5.5% at the fastest. Among them, publishing and commercial printing inks is a growth area in Asia, and China and India are the most eye-catching countries in the field. The economic development of these regions will bring many opportunities for demand growth.

From a certain perspective, the printing ink industry has concentrated on the development of global and regional economies. Because the ink industry is closely related to national GDP, it also changes periodically with the economic ups and downs. Affected by the recent global economic downturn and rising raw material prices, the global printing ink industry will continue to face severe price pressures and is expected to grow moderately in the near future. At the same time, the industry will be in the midst of shifting to high-end numbers and low energy consumption. Packaging, commercial publishing and printing are the largest terminal industry customers in the printing ink market.

According to the report, in terms of regional distribution, the United States remains the largest single regional market in terms of both production and sales. The European market has also been promoted by the promotion of UV inks, free radical inks and cationic inks. Although the global printing ink market is dominated by developed countries, the role of developing countries in this market should not be underestimated. New applications of energy-curing inks in the European and Asian markets are increasing, and the growth in the use of sleek magazine covers and catalogue covers the sales of radiation-curable inks in the publishing arena.

With the rapid development and automation of printing machinery, technological advances have revolutionized the printing ink industry. People's interest in ecological pollution has gradually increased, and environmentally friendly inks such as plant inks and water-based inks have become increasingly popular. Lithographic offset inks occupy the largest market share, and the advantages of offset printing over other printing processes have a beneficial effect on lithographic offset inks.

Report analysis pointed out that digital printing inks are also increasingly respected. By 2017, the compound annual growth rate of the digital printing ink market will reach 3.7%. The upgrade of screen printing technology, the popularity of computers in companies of all sizes, the establishment of internal graphic departments, and fast-printing stores have stimulated demand for digital printing inks. At the same time, the expansion of digital printing and inkjet printing is likely to make the digital printing ink field develop rapidly.

The report also said that the growth of the global printing ink market is mainly driven by the development of environmentally friendly inks, technological innovations in emerging products such as UV inks and inkjet inks, and radiation curing inks and energy conservation technologies also provide huge market opportunities. The growth rate of gravure inks, screen printing inks, letterpress inks and other special printing inks is also relatively fast, which together promote the prosperity of the ink industry market.

The research report also discussed trends, problems, development strategies, etc. in the printing ink industry, and carried out subdivided products such as lithographic printing inks, flexographic printing inks, gravure printing inks, letterpress printing inks, digital printing inks and other inks. The analysis also analyzes representative regional markets in the US, Canada, Japan, Europe, Asia Pacific, Middle East and Latin America. A total of 252 globally renowned large printing ink manufacturers, including Flint Group, Sun Chemical Company, Huber Group, Painted Group, Shengweike Group, DIC Company, Dainippon Ink and Japan Toyo Ink, participated in the survey.  

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