Ink Ingredients Market in the US to Reach $2.89 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.
The ink ingredients industry in the US is highly competitive with rising prices placing pressure on manufacturer's pricing and margins. Rising costs of materials, Low profitability, and the need for economies of scale have, together, fueled a trend of consolidation in the marketplace. In sync with the economic conditions in the domestic market, demand for ink ingredients is forecast to inch up to $2.89 billion by the year 2010.
San Jose, California (PRWEB) April 28, 2008 -- The changing dynamics of the ink ingredients industry requires a re-examination, and re-evaluation of trends and issues. Increasing globalization, and internationalization has been a key trend shaping the US ink ingredients industry over the past several years. A key result of globalization is the transfer of production bases, especially of time sensitive materials to cost effective Asian markets. With manufacturers in a rush to provide value-added services to customers, plain vanilla coated services are taking a back seat, and are increasingly being supplemented by higher standards of product functionalities and related services. Continuous technology innovations are additionally opening up newer growth avenues, i.e., relatively new markets such as UV-cured and digital ink ingredients, which were virtually non-existent a decade ago. In the new environmentally friendly era, strict adherence to environmental standards is emerging as a vital issue comparable in insignificance to meeting customer requirements.
A cross-sectional analysis of the industry reveals conventional ink ingredients as the major revenue-generating segment, while digital ink ingredients segment is rapidly gaining popularity with compounded dollar gains grooming the market into a lucrative segment with profitable opportunities. Water-based, oil-based, solvent-based, and radiation cure-based ink ingredients represent the growing ink systems, which together hold the promise of extending a much yearned heady future for market participants. As the US economy recovers poise in the upcoming years, the Ink Ingredients market is forecast to grow at a CAGR of 5.40% over the years 2011 through 2015. Colorants Market is projected to reach $1.8 billion by the year 2012. As stated by Global Industry Analysts Inc., Digital Ink Ingredients is forecast to eclipse the growth of conventional ink ingredients, by growing at a projected CAGR of 12% over the years 2011 through 2015.
Major players operating in the industry include - BASF Corporation, Cabot Corporation, Ciba Holding Inc., Clariant Corporation, Color Resolutions International LLC, E. I. du Pont de Nemours and Company, Environmental Inks and Coatings Corporation, Flint Group, Flint Group Pigments, Nazdar Company, Sun Chemical Performance Pigments, and Toyo Ink America LLC.
The report titled "Ink Ingredients: A US Market Report" published by Global Industry Analysts, Inc., provides a comprehensive review of technology developments, market drivers, trends, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key product markets. Latent demand patterns for ink ingredients are quantified across major product markets -- Conventional Ink Ingredients (Solvent-Based Ingredients, Water-Based Ingredients, Oil-Based Ingredients, and UV-Based Ingredients), and Digital Ink Ingredients (Solvent-Based Ingredients, Water-Based Ingredients, and UV-Based Ingredients). Market estimates and projections are provided for the period covering 2000 through 2015. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit
http://www.strategyr.com/Ink_Ingredients_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press@StrategyR.com
Web Site www.StrategyR.com
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