Ink Additives Market

Ink Additives Market Size (2023-2028):

The Ink Additives Market was valued at US$ 3.14 billion in 2022 and is anticipated to reach US$ 4.44 billion by 2028 and also has an increasing CAGR of 6.10% during 2023-2028

Surfactants in the form of ink additives are used to improve the printability of ink. Solvent-borne methods are used to create it. It's useful for lowering the ink's surface tension, which improves the ink's latitude capacity and press performance. In addition, it contains compounds that enhance the viscosity of the ink, as well as driers that allow the ink to dry quickly. It is commonly used in the printing and publishing sectors and the packaging industry. In addition, the constantly growing demand from e-commerce businesses tends to enhance the demand for corrugated boxes, propelling the market forward. Aside from the rising consumer demand for flexible packaging, the emergence of a variety of additives are other reasons that are moving the industry forward.

In addition, they are used to print on paper and plastic bags in flexible packaging. Furthermore, these additives help colors look vivid and prevent rub-off in corrugated packaging. The global ink additives market is predicted to be driven by the expanding usage of corrugated boxes in e-commerce and the growing use of flexible and food packaging. During the forecast period, the global ink additives market is anticipated to be driven by rising demand for ink additives for printing in the packaging industry.

Ink Additives Market Drivers and Restraints:

One of the major factors driving the ink additives market's growth is the increasing use of graphic design. In today's competitive market, companies employ beautiful packaging to differentiate their products, increasing the demand for ink additives. As a result, the demand for ink additives in the packaging and commercial printing industries will continue to expand. However, the market may be hampered by the abrupt change from print to digital media. On the other hand, manufacturers of ink additives are developing environmentally friendly ink additives, which opens the door to market acceptability. Ink additives are mixed into various inks to improve their physical properties; these inks, along with additives, are used to print on a variety of materials, including rubber, cardboard, paper, and metals. Printing on plastic cards, films, and porous and non-porous surfaces is also possible. To create text or images for printing, printer additives are sprinkled on paper in the form of small dots. Ink additives are used to give it the correct texture, thickness, and saturation so that they may be applied to a variety of surfaces. Because different ink additives may not work on all surfaces, it's critical to pick the proper one.

The constantly growing demand from e-commerce businesses tends to enhance the demand for corrugated boxes, propelling the market forward. Other factors that contribute to market expansion include customer demand for flexible packaging and the advent of various additives. Furthermore, the increasing use of recyclable products contributes to the market's positive outlook. The reusability of flexible packaging containers is expected to increase sustainability and reduce waste.

Flexible packaging with ink increases the package's graphical appeal. It also contributes to the package's performance in numerous stages of manufacture, packaging, transportation, and use by retaining the image quality. Dispersing agents, for example, are used in the formulation of inks to achieve the desired color combination. However, some constraints and hurdles will hamper global ink additives market expansion. Concerns about the prevalence of toxicity in the compounds, government regulatory standards, and the shift from printing to digital media are all predicted to slow the market's growth. In addition, environmental rules that change frequently have an impact on the additives industry.

Regulations that are too strict have a significant impact on the end-use sectors. Manufacturers in North America and Europe are attempting to reduce VOC emissions by choosing materials with a low environmental footprint, negatively impacting the growth of the ink additives market. In addition, the trend toward low-cost, environmentally friendly compounds has had a negative impact on the demand for traditional additives.

INK ADDITIVES MARKET REPORT COVERAGE:

Market Segmentation: 

Ink Additives Market By Type:

• Foam control additives

• Rheology modifiers

• Slip/rub materials

• Dispersing & wetting agents

• Driers

• Others

Dispersing and wetting agents accounted for the largest proportion of the global ink additives market in terms of type. Both of these types of additives have several benefits. They aid in the liquid phase dispersion of tiny solid particles. On the other hand, Wetting agents diminish surface tension and promote pigment dispersion. It's difficult to properly moisten the surface of substrates because of the high surface tension. When the surface of the substrate is adequately saturated, the liquid flows evenly throughout the substrates without creating droplets, resulting in great print quality.

Ink Additives Market By Technology:

• Water-based

• Solvent-based

• UV-Cured

• Others

Based on technology, the solvent-based segment tends to dominate the global ink additives market in the upcoming years. Because of its low cost, solvent-based technology is widely employed around the world. Due to its high volatility, the solvents used during the process evaporate quickly, posing a slight challenge in terms of ink migration on the substrate. All solvent-based products for gravure and flexographic processes focus on major manufacturing companies. In developed economies including the United States and Germany, where regulatory standards are more stringent, water-based technology is favored over solvent-based technology. However, solvent-based ink additives are still widely used in nations like China, India, Brazil, and Southeast Asia. In many areas, the lack of stricter regulations advantages this technology.

Ink Additives Market By Process:

• Gravure

• Flexographic

• Digital

• Lithographic

Based on process, the global ink additives market was dominated by the lithographic process sector. Offset inks are another name for these. It is the process where the image is printed on a flat metal surface, then rolled on rubbers, and lastly placed on the substrate in this printing method. The smooth print and the lack of any inappropriate imprints or rings that can be observed in gravure and letterpress printing distinguish this printing process. Books, catalogs, cards, posters, direct mail inserts, packaging, coupons, and art are all printed using lithography. Non-food applications are where this technology is most commonly used. The industry is likely to gain from the rising demand for paper boards and corrugated boxes for online purchases.

Ink Additives Market By Application:

• Packaging

• Publishing

• Commercial Printing

Based on application, the packaging application sector is anticipated to propel the global ink additives market forward. In emerging nations, packaging sales are likely to rise as increased consumption and demand for consumer products drive the demand for more sophisticated packaging, which is fueled by rising disposable income. Furthermore, flexible packaging is gaining popularity among consumers due to its convenience and simple handling techniques. As a result, flexible packaging is widely utilized in the food and beverage industries and the cigarette industry. In addition, growing online purchases are predicted to boost demand for corrugated boxes and boards while also boosting demand for ink additives.

Ink Additives Market Regional Analysis: 

• North America

• Europe

• Asia Pacific

• Latin America

• The Middle East and Africa 

Impact of COVID-19 on Ink Additives Market:

COVID-19 had a negative impact on the global Ink Additives market due to the government initiatives to impose lockdowns that have halted working labor and closure several industries including packaging and printing.

Recent Developments in the Ink Additives Market:

On the 1st of December, 2021, BASF is raising pricing for its paint and coatings additives, such as Attagel, Dispex, Efka, Foamaster, FoamStar, Hydropalat, Irgafos, Irganox, Loxanol, Rheovis, Sterocoll, Tinuvin, and Uvinul grades, as long as existing contracts allow.

Ink Additives Market Key Players:

The companies covered in the report include:

1. BASF SE

2. BYK-Chemie GmbH

3. Dorf Ketal

4. ELEMENTIS PLC

5. Evonik

6. HUBER GmbH

7. K-TECH (INDIA) PVT. LTD

8. Solvay

9. The Lubrizol Corporation