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The Rotogravure Printing Inks Market value is expected to grow by USD 3.75 Billion in 2018 and is expected to grow by USD 4.79 Billion by 2023 at the CAGR of about 5.0%.
Gravure printing is an industrial printing process used mainly for the high-speed production of large prints with consistent and optimal quality, also called "photo-quality image." Many magazines are printed using engravings because advertisers want their products to be promoted in the best possible way. A large number of mail-order catalogs are printed on etching because the products must be attractive and they must also demonstrate what is offered. Therefore, the records must all be the same. The consistent print quality of the engraving process meets this requirement.
Gravure can transfer more ink to paper than most other printing processes. It stands out for its remarkable density range (light to shadow) and
The growth of the manufacturing and end-use industries and the growing application of flexible packaging are driving the demand for gravure printing inks in the Asia-Pacific region. The companies undertake the continuous development of the product, its expansion, and the fusion and acquisition activities are the main factors in the world market of gravure inks.
Currently, nitrocellulose is the dominant type of resin in the market for gravure printing inks, while the variety of polyamide resin is expected to have the highest CAGR between 2016 and 2021. The growing demand for printing inks per Gravure is mainly due to its increasing use in the rising demand for developing countries such as India, China, and Brazil.
Recent Market Trends:
In July 2015, Flint Group launched two new ink systems, OmniLam F and OmniLam G, for the flexible flexo and flexo medium and medium flexographic gravure segments. These are nitrocellulose-free ink systems that provide high bond strengths in a wide range of film structures. These inks will print high definition graphics that can withstand harsh environments. As a result, the company has strengthened its product portfolio for various end-use industries.
In December 2015, Sun Chemical, a member of the DIC Group, acquired Colmar Inks Corporation (Canada). With this acquisition, the company is strengthening its position in the market as the leading supplier of lithographic, flexographic and Gravure inks and coatings in the North American region.
In December 2015, Toyo Ink acquired DYO Printing Inks (Turkey), the largest ink manufacturer in the country, consisting of gravure inks, flexo inks, offset inks and cans in Turkey. The acquisition increased Toyo's sales and profits in China and Southeast Asian countries. The company's sales and profits will also increase when establishing new manufacturing plants in developing countries such as India and Brazil.
Global demand for gravure printing presses and gravure printing inks for gravure printing on a large scale is increasing. Gravure printing is likely to increase further due to continuous refinement of the process, inks, and rotogravures. Engraving inks are based on chemicals; therefore, water-based inks are increasingly used, taking into account health risks and etching inks. The use of water-based inks for packaging has been discontinued due to low drying rates. These inks have been replaced by toluene. Water-based inks are coming back because of growing concerns about the health risks of using solvents such as toluene.
Research is underway to create new generation inks that have no type of hazardous effluent with carcinogenic properties.
The rotogravure inks market is divided into five regions: Asia-Pacific, North America, Europe, Latin America, Middle East, and Africa. The Asia-Pacific region holds the majority of the market due to the growing demand for gravure printing inks in the fields of packaging, publishing, products, and promotion, among others. The packaging segment is expected to experience rapid market growth due to the growing consumption of inks to add beauty and a glossy finish to catalogs, images and more in countries such as China, Japan, and India. They are, therefore, the leading players in the market.