The global ink additives market is expected to develop at a CAGR of 5.4% between 2024 and 2031. The market value is predicted to rise from USD XX billion in 2024 to USD YY billion in 2031. Asia-Pacific now dominates the industry, accounting for the vast majority of worldwide sales. Key metrics include rising demand from the packaging industry, advances in printing technology, and increased awareness of sustainable and eco-friendly ink additives.
The market is growing steadily, owing to the increasing usage of advanced printing technologies across a wide range of end-use industries. Technological advancements in ink formulations, together with rising demand for high-performance and speciality inks, are improving product quality and broadening application possibilities. Furthermore, the expanding e-commerce sector and the subsequent increase in packaging requirements are driving market growth.
Market Trend: Shift towards biobased and sustainable ink additives
The use of bio-based and sustainable resources in ink additives is changing the industry landscape. Environmental concerns and rigorous controls on volatile organic compound (VOC) emissions are driving this development. Manufacturers are creating ink additives made from renewable resources, including plant-based oils and natural polymers. For example, some companies are testing lignin-based dispersants and cellulose-derived rheology modifiers. This shift towards eco-friendly additives not only addresses environmental concerns but also appeals to environmentally conscious consumers and businesses, thereby fuelling market development and innovation in the packaging and publishing industries.
Market Driver: Booming packaging industry fuels demand for ink additives
The increasing rise of the packaging industry is a major driver of the ink additives market. The Packaging Industry Association predicts that the worldwide packaging industry will reach $1.05 trillion by 2024, rising at a CAGR of 3.5%. This increase has a direct impact on the ink additives industry since package producers require high-quality inks with specific qualities for different substrates and end-use applications. The growing need for flexible packaging, particularly in the food and beverage industry, is pushing the development of ink additives that improve adhesion, durability, and colour brightness on a variety of packaging materials. Furthermore, the advent of e-commerce and the resulting increase in corrugated packaging utilisation are opening up new potential for ink additives in the digital printing industry.
Market restraint: volatility in raw material prices affects market growth.
The fluctuation in pricing of key raw materials used in the production of ink additives is a significant barrier to market expansion. Many ink additives are sourced from petrochemicals, making them subject to swings in oil prices. According to industry studies, prices for some important raw materials used in ink additives, such as titanium dioxide and different resins, have fluctuated significantly in recent years. This price volatility can have an influence on ink additive makers' profit margins, potentially leading to higher product costs for end users. While some companies are looking into other raw material sources and formulations to address this issue, continuous price volatility remains a concern for market participants and may have an influence on market growth in price-sensitive regions.
The dispersants segment leads the market, driven by a crucial role in ink formulation and performance.
The dispersants category now dominates the ink additives industry. These additives play an important role in ink formulation by guaranteeing pigment dispersion and reducing agglomeration, which improves colour strength, stability, and overall print quality. The category is expanding due to rising demand for high-performance inks in a variety of printing applications, particularly packaging and digital printing.
Recent technology improvements have strengthened the segment's leadership position. For example, the use of hyperdispersants has greatly enhanced pigment dispersion efficiency and stability in difficult formulations. According to a study published in the Journal of Coatings Technology and Research, innovative polymeric dispersants can increase colour strength by up to 20% over conventional dispersants while reducing overall dispersant dosage.
To keep their competitive advantage, major industry firms are investing in revolutionary disruptive technologies. For example, BASF has introduced the Efka PX polymeric dispersant family, which improves performance in high-solid systems and compatibility with a wide range of binders. According to company statistics, these new dispersants can reduce mill base viscosity by up to 40% compared to regular dispersants, resulting in increased processing efficiency and lower energy use in ink manufacturing.
Asia-Pacific: Leading the global ink additives market
Asia-Pacific currently dominates the global ink additives industry, with over 40% of the total market share. A variety of factors contribute to the region's leadership, including growing industrialisation, a thriving packaging sector, and the presence of significant printing and packaging businesses.
China and India, in particular, are driving market expansion in Asia Pacific. These countries' packaging and printing sectors are rapidly expanding, resulting in increased demand for ink additives in a variety of applications. For example, the India Brand Equity Foundation predicts that the Indian packaging market will increase at a CAGR of 26.7% between 2021 and 2026, opening up significant prospects for ink additive manufacturers.
Increased investments in digital printing technology and the rise of e-commerce are also contributing to the region's market growth. The online retail market in China will reach $1.5 trillion by 2023, increasing demand for packaging materials and, as a result, high-performance inks and additives used in package printing.
Major ink and additive producers' technological improvements and capacity expansions contribute to the region's market supremacy as well. For example, DIC Corporation has announced a large investment to enhance its production capabilities for UV-curable inks and related additives in China in response to the region's expanding demand.
The growing emphasis on environmental restrictions in nations such as Japan and South Korea is accelerating the use of eco-friendly ink additives. Japan's introduction of tougher VOC emission limits has resulted in a move towards water-based and UV-curable ink systems, driving up demand for suitable additives in the region.
The ink additives market is moderately competitive, with prominent competitors focussing on product innovation, geographical expansion, and strategic collaborations. Major corporations are investing in R&D to produce additive formulations with improved performance attributes and broader application ranges.
Market players such as BASF SE, Dow Inc., and Evonik Industries AG collectively control more than 30% of the global market. These companies have created extensive distribution networks and provide a diverse range of ink additive solutions to meet the needs of a variety of industries.
BASF, for example, has increased its market share through smart acquisitions and inventions. The company's recent release of the Joncryl HSL 9055 dispersion agent highlights its dedication to creating high-performance additives for water-based inkjet inks, which improve stability and print quality on porous substrates.
To build a foothold in the market, emerging firms focus on speciality technology. Shamrock Technologies, for example, has made tremendous progress with its unique fluoropolymer-based additives, which meet the growing demand for high-slip and abrasion-resistant inks in packaging applications.
The industry is also seeing a trend of collaboration between ink additive makers and printing equipment vendors to develop integrated solutions. These collaborations seek to improve ink performance and printing efficiency for a variety of substrates and end-use applications.
Financial performance varies among important competitors, with the majority reporting consistent growth in their speciality chemicals divisions, which include ink additives. Evonik Industries, for example, reported a 3% year-over-year growth in sales for its Coating Additives business line in their most recent quarterly report, owing in part to higher demand for ink additives in Asia-Pacific markets.
Looking ahead, the competitive landscape is projected to change as new competitors enter the market, particularly from emerging regions, and consolidation continues through mergers and acquisitions. Companies who can provide creative, sustainable, and cost-effective ink additive solutions will have a competitive advantage in the coming years.
Technological developments and rising demand for high-performance inks are driving significant expansion in the ink additives market in the coming years. One unique trend to keep an eye on is the development of multifunctional additives capable of addressing numerous ink qualities at once, such as rheology modification, surface tension control, and pigment stabilisation. This trend towards all-in-one solutions has the potential to drastically streamline ink formulations while driving market growth.
Another significant trend is the growing emphasis on additives for digital printing applications, particularly in the textile and packaging industries. As digital printing technologies progress and gain market penetration, there is an increasing demand for specialised additives that may increase ink performance on a variety of substrates while also improving print durability and colour brightness.
Nanotechnology in ink additive formulas is also predicted to gain traction in the market. Nano-sized compounds have unique features that can considerably improve ink performance, including increased scratch resistance, colour intensity, and stickiness. While in its early beginnings, this movement has the potential to revolutionise the ink additives market in the future years.
BASF SE
Dow Inc.
Evonik Industries AG
Altana AG
Huntsman Corporation
Elementis plc
Lawter, Inc.
Shamrock Technologies
Munzing Chemie GmbH
Solvay S.A.
June 2023: BASF launched its Joncry HSL 9055 dispersing agent for water-based inkjet inks, offering improved stability and print quality on porous substrates.
March 2023: Evonik Industries introduced its TEGO Dispers 689 dispersing additive, designed for high-performance pigment concentrates in industrial coatings and inks.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)
5. COMPANY PROFILES
5.1. BASF SE
5.2. Dow Inc.
5.3. Evonik Industries AG
5.4. Altana AG
5.5. Huntsman Corporation
5.6. Elementis plc
5.7. Lawter, Inc.
5.8. Shamrock Technologies
5.9. Munzing Chemie GmbH
5.10. Solvay S.A. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Shift towards bio-based and sustainable ink additives
6.1.2. Development of multifunctional additives
6.1.3. Increasing focus on additives for digital printing applications
6.2. Market Drivers
6.2.1. Booming packaging industry fuels demand for ink additives
6.2.2. Technological advancements in printing technologies
6.2.3. Growing awareness of sustainable and eco-friendly ink additives
6.3. Market Restraints
6.3.1. Volatility in raw material prices affects market growth
6.3.2. Stringent regulations on VOC emissions
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Dispersants
7.1.1. Polymeric Dispersants
7.1.2. Oligomeric Dispersants
7.1.3. Monomeric Dispersants
7.2. Rheology Modifiers
7.2.1. Organic Rheology Modifiers
7.2.2. Inorganic Rheology Modifiers
7.3. Defoamers
7.3.1. Oil-based Defoamers
7.3.2. Silicone-based Defoamers
7.3.3. Water-based Defoamers
7.4. Slip/Rub Materials
7.5. Others
8. BY TECHNOLOGY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (2020-2031)
8.1. Water-based
8.2. Solvent-based
8.3. UV-curable
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Packaging
9.1.1. Flexible Packaging
9.1.2. Corrugated Packaging
9.1.3. Folding Cartons
9.2. Publishing
9.2.1. Newspapers
9.2.2. Magazines
9.2.3. Books
9.3. Commercial Printing
9.4. Others
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%, YOY GROWTH)--2020-2031
By Type:
Dispersants
Rheology Modifiers
Defoamers
Slip/Rub Materials
By Technology:
Water-based
Solvent-based
UV-curable
By Application:
Packaging
Publishing
Commercial Printing
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511
