Global Printing Inks to Reach 3.7 Million Tons Worth US$16.4 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on printing inks markets. The global market for Printing Inks is forecast to reach 3.7 million tons worth US$16.4 billion by the year 2015. Key factors driving market growth include technological developments, surging demand for digital inks and increased demand from developing markets, including Asia-Pacific, Latin America, and Middle East. Other factors propelling market growth include growing demand for printing inks from packaging end-use sector.

Printing Inks: A Global Strategic Business Report

Printing inks market embodies the strength of the global as well as regional economies. With its high correlation to a country’s GDP, the printing inks market is cyclical in nature, with economic ups and downs amplifying the demand patterns. Partly dented by the recent global meltdown, and the soaring raw materials prices, the world printing inks market is projected to grow moderately over the next couple of years. Growing acceptance of electronic media is posing and will continue to pose challenges to the printing inks used in publishing industry. Nonetheless, the declining business of printing inks in the publishing industry would be mitigated by the stable and growing packaging industry in most of the regions. Although dominated by the developed economies, emerging trends in the developing countries are triggering growth in the global printing inks market. Consumption of printing inks dwindled in few of the developed regions, owing to the recent meltdown, while the developing markets displayed moderate growth rates.

Europe represents the largest region for printing inks worldwide in terms of volume sales, as stated by the new market research report on Printing Inks. In terms of value, the United States constitutes the largest regional market for printing inks. Overcast with economic turmoil, rising raw material prices, and stinging shortages of acrylic acid and other significant chemicals, growth momentum in the printing ink market is expected to decelerate in the upcoming years. On the other hand, Europe is expected to emerge as the largest market in value terms by 2015. However, the European printing ink sales suffered severe blow in the past couple of years mainly due to the global financial crisis. Similar to other regions, demand for printing inks declined considerably in the publishing sector and this was partially mitigated by the stable packaging industry. Rapid growth of the Internet and declining percentage of advertising in the print media such as newspapers and magazines are likely to hamper prospects of printing inks in the publishing industry.

In terms of both volume and value sales, Asia-Pacific is projected to be the fastest growing regional market for printing inks. The recent global meltdown has failed to dampen business in the Asian printing inks market. Despite dwindling exports, soaring raw materials cost and the global meltdown, the printing inks market in the region registered healthy growth rates. China and India, though partly affected by the recession, emerged as the fastest growing nations. In terms of both volume and value sales, Lithographic Inks represent the largest product segment in the global printing inks market, while Digital Inks are forecast to register fastest growth.

The changing dynamics of the market requires re-examination, and re-evaluation of trends and issues. Increasing globalization, and internationalization has been a key trend shaping the global printing ink market. A key result of globalization is the transfer of production bases, especially of time sensitive materials to cost effective Asian markets. Consolidation is another noteworthy trend rampant in the market, as manufacturers take the acquisition route towards expansion, diversification and finally globalization. Incessant technology innovations are additionally opening up newer growth avenues such as UV and ink jet inks, which were virtually non-existent a decade ago. In the new environment friendly era, strict adherence to environmental standards is emerging as a vital issue in meeting customer requirements.

Major players profiled in the report include Brancher Company, CROMOS S.A. TINTAS GRAFICAS, Chemical/Research/Technology, Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Sun Chemical Corp, Encres Dubuit SA, Environmental Inks and Coatings Corp., Flint Group, Huber Group, Hostmann-Steinberg, Sakata Inx Corporation, INX International Ink Co., Siegwerk Group, Sicpa Holding SA, T & K Toka Co. Ltd., Tokyo Printing Ink Mfg. Co. Ltd., Toyo Ink Mfg. Co Ltd, among others.

The report titled “Printing Inks: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the printing inks markets, impact of recession on the markets, current market trends, key growth drivers, product overview, raw materials overview, environmental issues, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual volume and value sales estimates and projections for Printing Inks market for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key segments analyzed include Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Printing_Inks_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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of 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(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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