Ink Resin Global Market Report 2023 – By Resin Type (Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, Other Resin Types), By Technology (Oil-Based, Solvent-Based, Water-Based, UV-curable-Based), By Printing Process (Lithography, Gravure, Flexography, Other Printing Processes), By Application (Printing And Publication, Flexible Packaging, Corrugated Cardboard And Cartons, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Printing inks are liquids that contain pigments or dyes that are used to produce images, text, and designs. They are widely used in letterpress and lithographic printing. Printing inks consist of a pigment or pigments of the required color mixed with oil or varnish. For example, black ink made from carbon black is mixed with thick linseed oil or similar oil, often with rosin oil to which rosin varnish is added. Inkjet inks consist of a base carrier such as water, oil, or a solvent, and colorants such as dyes or pigments, along with small amounts of chemical additives to provide some unique characteristics. The main types of printing inks are oil-based printing inks, solvent-based printing inks, and water-based printing inks. Water-based printing ink is ink made with water rather than plastic or PVC. The product types are offset printing inks, flexographic printing inks, rotogravure printing inks, and digital printing inks. The various end-use industries involved are packaging, print media, commercial printing, and other end-use industries. The global printing inks market is segmented - 1) By Type: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks 2) By Product Type: Offset Printing Inks, Flexographic Printing Inks, Rotogravure Printing Inks, Digital Printing Inks 3) By End User Industries: Packaging, Print Media, Commercial Printing, Other End-Use Industries The global printing inks market size will grow from $29.68 billion in 2022 to $30.38 billion in 2023 at a compound annual growth rate (CAGR) of 2.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of printing inks is expected to grow to $33.78 billion in 2027 at a CAGR of 2.7%. 3D technology will be a driver of the printing ink market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink® materials from ALTANA and DP Polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process. Major companies in the printing inks market include DIC Corporation, Arkema SA, Sakata INX Corporation, Siegwerk Druckfarben AG & Co, TOYO Ink Group, Dainichiseika Color & Chemicals Mfg.Co. Ltd., DuPont Inc., Agfa-Gevaert NV, T&K TOKA Corporation, and Ferro Corp. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing ink market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. China is dominant in printing inks raw materials supplies due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem; China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, in June 2021, manufacturers in Asia, like Toyota and Honda, faced supply chain challenges because of various materials shortages and COVID-19. The printing ink market witnessed consolidation with a significant number of mergers and acquisitions. Top companies in the printing ink market are strategically acquiring and merging with start-ups and mid-sized companies to broaden their product and service range or to enter emerging regions. For instance, in December 2020, Arkema, a France-based specialty chemicals and advanced materials company, acquired Colorado Photopolymer Solution for an undisclosed amount. This acquisition will foster the development of an integrated offering of customized and formulated additive manufacturing solutions to accelerate the design of turnkey solutions for 3D printing. Colorado Photopolymer Solution is a US-based manufacturer of 3D printers. Western Europe was the largest region in the printing inks market in 2022. Asia-Pacific was the second largest region in the printing inks market. The regions covered in the printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the printing inks market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The printing inks market consists of the sales of liquid Ink, solid ink, toner, ribbon ink, UV ink, and 3D printing inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The printing inks market research report is one of a series of new reports from The Business Research Company that provides printing inks market statistics, including global market size, regional shares, competitors with a printing inks market share, detailed printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the printing inks industry. This printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Barrier resins refer to plastics that are used in packaging to prevent the penetration of gases, vapors (water or solvent), or liquids. Barrier resins are plastics used in packaging to prevent the passage of gases (oxygen, carbon dioxide, and nitrogen), vapor (water or solvent), or liquid. The main barrier resin packaging types include flexible packaging and rigid packaging. Flexible packaging is mostly made from plastic, film, foil, and paper and is hence light, compact, and flexible. The different resin types include polyvinylidene chloride, ethylene vinyl alcohol, polyethylene naphthalate, polyamide, polyethylene terephthalate, polyethylene, polypropylene, polyvinyl alcohol, and other resin types used in applications such as food and beverage, pharmaceutical and medical, cosmetics, agriculture, industrial, and other applications. The global barrier resins market is segmented - 1) By Packaging Type: Flexible Packaging, Rigid Packaging 2) By Resin Type: Polyvinylidene Chloride, Ethylene Vinyl Alcohol, Polyethylene Naphthalate, Polyamide, Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Alcohol, and Other Resin Types 3) By Application: Food and Beverage, Pharmaceutical and Medical, Cosmetics, Agriculture, Industrial, and Other Applications The global barrier resins market size grew from $3.41 billion in 2022 to $3.61 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the barrier resins is expected to grow to $4.56 billion in 2027 at a CAGR of 6.0%. An increase in demand for the longer shelf life of food products is contributing to the growth of the barrier resins market. There has been an increasing demand for food products with a longer shelf life. Barrier resins are used in the food and beverage packaging industry to protect packed goods from moisture and to prevent gas penetration. They provide enhanced shelf life and consistency and prevent odours and UV rays from entering the container, thus protecting the vitamin content of the food. In 2020, UAE-based FMCG company Truebell saw a threefold increase in demand for long-shelf-life products. The company saw an increase in the popularity of long-shelf-life food products and baking ingredients, along with an increase in the consumption of home-cooked meals. Thus, the growth in demand for a longer shelf life of food products will drive the growth of the barrier resins market. Major players in the barrier resins market are Kuraray Co., Ltd., The Dow Chemical Company, Tenjin Limited, Asahi Kasei Corporation, Solvay International, El du Pont de Nemours and Company, Ineos, Lyondellbasell Industries, Honeywell International Inc., Mitsui Chemicals, Inc., LG Chem, INVISTA, Chang Chun Petrochemical Co., Ltd., Mitsubishi Chemical Corporation, Valspar Corporation, Sabic, Borealis Ag, Sinopec, Braskem S.A., Hanwha Total Petroleum, NOVA Chemicals Corporation, EVAL Europe N.V, Zheijang Juhua Co., Ltd., Toray Industries and Mitsubishi Gas Chemical Company Inc. The development of organic resins is a key trend gaining popularity in the barrier resins market. Major companies operating in the barrier resins market are focused on developing new organic resins that are environmentally friendly and sustainable. For instance, in December 2020, Netherlands-based Royal DSM, a key science-based company involved in health, nutrition, and materials, launched Discovery resins for the packaging industry that are sustainable and plant-based. The SP-6400XP is a part of DSM's Discovery range of resins and emits fewer VOCs and carbon emissions for the printing and packaging industries. In November 2021, IPACKCHEM Group, a France-based manufacturer and distributor of plastic packaging products, signed an agreement to acquire Mullackal Polymers. The acquisition is expected to enable IPACKCHEM to build a solid presence in the huge and rapidly expanding Indian market and position it for future growth in the country. Mullackal Polymers is an India-based producer of high-quality HDPE and barrier plastic bottles, lids, and measuring cups. Asia-Pacific was the largest region in the barrier resins market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the barrier resins market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the barrier resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The barrier resins market consists of sales of nitrile resins and vinylidene chloride copolymers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The barrier resins market research report is one of a series of new reports from The Business Research Company that provides barrier resins market statistics, including barrier resins industry global market size, regional shares, competitors with a barrier resins market share, detailed barrier resins market segments, market trends and opportunities, and any further data you may need to thrive in the barrier resin industry. This barrier resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Solvent-based inks are pigment inks that are mixed with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and others that are waterproof and ultraviolet (UV) safe. They are relatively inexpensive and enable printing on flexible, uncoated vinyl substrates, which are used to produce vehicle graphics, billboards, 3D printed objects, banners, and adhesive decals. The main types of solvent-based printing inks market are cellulose inks, epoxy inks, vinyl inks, vinyl-acrylic inks, and polyurethane inks. Epoxy inks are thermosetting resins capable of forming tight cross-linked polymer structures characterized by The printing technologies are lithographic, gravure, flexographic, screen-printing, letterpress, digital, and other printing technologies. The applications involved are labels and packaging, commercial printing, publication, and other applications. The global solvent-based printing inks market is segmented - 1) By Type: Cellulose Inks, Epoxy Inks, Vinyl Inks, Vinyl-Acrylic Inks, Polyurethane Inks 2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital, Other Printing Technologies 3) By Application: Label & Packaging, Commercial Printing, Publication, Other Applications The global solvent-based printing inks market size will grow from $9.31 billion in 2022 to $9.54 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The market size of global solvent-based printing inks is expected to grow from $10.66 billion in 2027 at a CAGR of 2.8%. 3D technology will be a driver of the solvent-based printing inks market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks such as solvent-based inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. For instance, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink that, when combined with a new method of printing and with varying lighting, hardens the 3D printed object. Major players in the solvent-based printing inks market are Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co. Ltd., Lawter Inc., Yansefu Inks, Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, and Sakata INX Corporation. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the solvent-based printing inks market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. Due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem, China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, in July 2020, Sun Chemical, a global printing ink manufacturer, increased the prices of its solvent-based inks and coatings in North America due to an increase in the price of raw materials. Due to the high demand for alcohol and solvents for use in sanitizers and pharmaceutical initiatives, the prices of these materials have increased substantially and have also affected the manufacturing costs of solvent-based printing ink companies. Therefore, such instances are expected to restrain the market growth of solvent-based printing inks market during the period. Solvent-based printing ink companies are introducing thermal inkjet inks to cater to the growing demand. Thermal inkjet printing induces the ejection of the ink droplet by superheating a small portion of solvent-based ink. The advantages of thermal inkjet printing include better performance, lower costs, and ink versatility, especially in photo printing applications. For instance, Collins Inkjet has developed a new solvent-based TIJ ink, Stratus. It has increased dot control, decap time, and optical density. Western Europe was the largest region in the solvent-based printing inks market in 2022. Asia Pacific was the second-largest region in the solvent-based printing inks market report. The regions covered in the solvent-based printing ink analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent-based printing inks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The solvent-based inks market consists of the sales of hard solvent inks, and eco-solvent inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The solvent-based printing inks market research report is one of a series of new reports from The Business Research Company that provides solvent-based printing inks market statistics, including solvent-based printing inks industry global market size, regional shares, competitors with a solvent-based printing inks market share, detailed solvent-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based printing inks industry. This solvent-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Epoxy resin refers to a kind of polymer and prepolymer that is reactive and contains epoxide groups. In the presence of catalysts, these resins either react with one another or with several co-reactants such amines, phenols, thiols, etc. These are used to increase strength, durability, chemical resistance, and adhesion. The main types of applications are paints and coatings, composites, adhesives and sealants, and other applications. Paints and coatings are used in commercial and industrial buildings such as electrical, automotive, and marine applications owing to their mechanical and protective properties, enhance concrete floor, resistance to stains, cracks, and high temperature. Paints and coatings refer to the use of suspension of polymers mixed with colour pigments to provide an aesthetic appearance and safety to the surface. The various physical forms are liquid, solid, and solution. The various types are DGBEA (bisphenol A and ECH), DGBEF (bisphenol F andECH), Novolac (formaldehyde and phenols), and Aliphatic (aliphatic alcohols), Glycidylamine (aromatic amines and ECH), other types. The various end-users are building and construction, automotive, large and heavy vehicles and railroads, general industrial, consumer goods (including sporting equipment), wind power, aerospace, marine, and other end uses. The global epoxy resin market is segmented - 1) By Type: DGBEA (Bisphenol A And ECH), DGBEF (Bisphenol F And ECH), Novolac (Formaldehyde And Phenols), Aliphatic (Aliphatic Alcohols), Glycidylamine (Aromatic Amines And ECH), Other Types 2) By Physical Form: Liquid, Solid, Solution 3) By Application: Paints And Coatings, Composites, Adhesives And Sealants, Other Applications 4) By End-User: Building And Construction, Automotive, Large And Heavy Vehicles And Railroads, General Industrial, Consumer Goods, Wind Power, Aerospace, Marine, Other End-Users The global epoxy resin market size grew from $10.64 billion in 2022 to $11.55 billion in 2023, at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global epoxy resin is expected to grow to $15.77 billion in 2027 at a CAGR of 8.1%. The rising demand for epoxy resin from the automotive industry is expected to propel the growth of the epoxy resin market. The automotive industry refers to the design, manufacturing, and selling of motor vehicles that uses epoxy resin to paint the body of automobiles. The use of epoxy resin as a protective coating extends the life of automobiles. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based international trade organization, in 2021, automobile production increased globally by 3%, from 77.8 million produced in 2020 to 80.14 million in 2021. An increase in the production of automobiles increases the need for epoxy resins. Therefore, the rising demand for the automotive industry drives the epoxy resin market. Major players in the epoxy resin market are Sika AG, Olin Corporation, Huntsman International LLC, Kukdo Chemical, Aditya Birla Chemicals, 3M, Sinopec Corporation, Nan Ya Plastics Corporation, Chang Chun Group, BASF SE, Atul Ltd., Solvay SA, Covestro AG, Jiangsu Sanmu Group Co., Ltd., Jubail Chemical Industries LLC, Kolon Industries Inc., NAGASE & CO LTD., and Techstorm. Product innovation is a key trend gaining popularity in the epoxy resin market going forward. Major companies operating in the epoxy resin market are focused on product innovations to strengthen their position in the market. For instance, in April 2022, Hexion Inc., a USA-based chemical manufacturer that develops chemical materials and performance resins, launched the products EPON LY Resin 1810 and EPIKURE LY Curing Agent 3801. These chemicals are used to minimize the yellowing of epoxy coating on household and commercial surfaces to improve performance, cure, lessen air emissions, and increase surface strength. In January 2021, Huntsman Corporation, a USA-based chemical manufacturing company that develops, and markets speciality chemicals, acquired Gabriel Performance Products LLC for a $250 million deal. The acquisition helps Huntsman Corporation to expand its speciality chemical product portfolio and improve its customer base and product reach in North America. Gabriel Performance Products LLC is a USA-based chemical company that manufactures resin coating and composites. Asia-Pacific was the largest region in the epoxy resin market in 2022. The regions covered in the global epoxy resin market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the epoxy resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The epoxy resin market consists of sales of glycidyl or non-glycidyl epoxy resin. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The epoxy resin market research report is one of a series of new reports from The Business Research Company that provides epoxy resin market statistics, including epoxy resin industry global market size, regional shares, competitors with an epoxy resin market share, detailed epoxy resin market segments, market trends and opportunities, and any further data you may need to thrive in the epoxy resin industry. This epoxy resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Specialty resins, also known as commodity resins, are a type of high-performance resins designed to offer superior thermal and chemical resistance to the materials in which they are used. It also offers high tensile strength and impact resistance and is used for applications such as noise control, vibration damping, shock isolation, and cushioning. The main types of specialty resins are epoxy, unsaturated polyester resin (UPR), vinyl, and polyamides. Epoxy resins are polymeric materials that contain more than one three-membered ring, also known as epoxides, and are thermosetting polymers. The most common form of specialty resin is epoxy resin, which is used as an adhesive, sealant, coating binder, and matrix for composite materials. Unsaturated polyester resin (UPR) is the condensation product of unsaturated acids or anhydrides and diols with/without diacids. These are used in the construction and marine sectors, as well as pipes and tanks. Vinyl specialty resins are used in new industrial applications such as coatings, printed circuit boards, metal foil laminates, building materials, automotive parts, rigid foams, and fiber-reinforced composites. Polyamides are a family of thermoplastic polymers that are opaque, high-density polymers with excellent strength and heat tolerance. The various types of functions of specialty resins include protection, insulation, and others. These are used in various sectors such as building and construction, automotive, water treatment, marine, electrical and electronics, aerospace, and others. The global specialty resins market is segmented - 1) By Resin Type: Epoxy, Unsaturated Polyester Resin (UPR), Vinyl, Polyamides 2) By Function: Protection, Insulation, and Other Functions 3) By End Use Industry: Building and Construction, Automotive, Water Treatment, Marine, Electrical and Electronics, Aerospace, and Other End Use Industries The global specialty resins market size grew from $7.97 billion in 2022 to $8.56 billion in 2023, at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global specialty resins is expected to grow to $10.62 billion in 2027 at a CAGR of 5.6%. The growth in demand for the construction industry is projected to fuel the growth of the specialty resins market over the coming years. Construction is a wide industry that involves anything from mining, quarrying, and forestry to infrastructure and building construction, product manufacturing and supply, and repair, service, and disposal. Epoxy resin, a form of specialty resin, is used in the manufacturing of coatings, adhesives, flooring, plastics, primers and sealers, paints, and other building and construction products and components. For instance, in November 2022, according to the Office for National Statistics, a UK-based statistics authority, in volume terms, monthly construction output increased by 0.4% in August 2022, the second consecutive increase after July 2022's upwardly revised increase to 0.1%; in level terms, August 2022 is the second-highest monthly value (El 5,011 million), with May 2022 continuing to be at the highest level since records began in January 2010 (El 5,035 million). Therefore, the growth in demand for the construction industry drives the growth of the specialty resins market. Major players in the specialty resins market are Aldex Chemical Company Limited, Radiant Color NV, Huntsman International LLC, Purolite, Mitsubishi Chemical Corporation, Thermax Limited, International Speciality Chemicals Ltd., BASF SE, Emerald Performance Materials, Arkema, Royal DSM, Pure Resin, Kolon Industries, Suqing, and Specialty Resin Chemical. Technological advancement has emerged as a key trend in the specialty resins market. Major players in the specialty resins industry are focused on developing technologically advanced specialty resin solutions.For instance, in September 2020, Allnex, a Germany-based producer of industrial coating resins, introduced PHENODUR PR 616/65B, a modern, environmentally friendly phenolic resin with a very low free formaldehyde value of less than 0.1%. In BPA-NI applications, PHENODUR PR 616/65B can be combined with high molecular weight polyester or high molecular weight epoxy resins for stable and versatile packaging and drum lining. In November 2020, Jacobi, a Sweden-based supplier of activated carbon, ion exchange resins, and mobile filter services, acquired Finex for an undisclosed amount. Through this acquisition, Jacobi broadens its portfolio of ion exchange resins. Finex is a Finland-based developer and manufacturer of chromatographic separation resins and specialty polymers. Asia-Pacific was the largest region in the specialty resins market in 2022. Europe was the second-largest market in the specialty resin market. The regions covered in the specialty resins market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the specialty resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The specialty resins market consists of sales of specialty resins by type, including specialty thermoplastic composites, specialty thermoplastics, and specialty thermosets. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The specialty resins market research report is one of a series of new reports from The Business Research Company that provides specialty resins market statistics, including specialty resins industry global market size, regional shares, competitors with a specialty resins market share, detailed specialty resins market segments, market trends and opportunities, and any further data you may need to thrive in the specialty resins industry. This specialty resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Oil-based inks consist of a pigment or pigments of the required color mixed with oil. For example, black inks are made from carbon black and thick linseed oil. Oil-based inks are waterproof and permanent. The main types of oil-based printing inks market are vegetable oil-based printing inks and mineral oil-based printing inks. Vegetable-based printing ink is created from vegetable oil as a substitute for petroleum, such as soybean or maize oil. The amount of VOCs (volatile organic compounds) discharged into the air during printing is greatly reduced by using vegetable-based inks. Oil-based printing is applied in marking and coding, package printing, and signage that are used by packaging, print media, commercial printing, and other sectors. The global oil-based printing inks market is segmented - 1) By Type: Vegetable Oil-Based Printing Inks, Mineral Oil-Based Printing Inks 2) By Application: Marking and Coding, Package Printing, Signage 3) By End User Industry: Packaging, Print Media, Commercial Printing, Other End-Use Industries The global oil-based printing inks market size will grow from $11.25 billion in 2022 to $11.47 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global oil-based printing inks is expected to grow from $12.55 billion in 2027 at a CAGR of 2.3%. The demand for environmentally friendly inks market is increasing and it is expected to drive the oil-based printing inks market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks, have been banned due to an explosion and fire that occurred in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks, which can be used as a substitute for petroleum and chemical-based inks and are produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, in October 2022, INX International, a global manufacturer of high-performance printing inks and coatings, displayed and demonstrated its environmentally friendly inks at the PRINTING United Expo. In addition, Mojoprint, which is Japan's number one English-language printing service company, uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks. Thus, the demand for environmentally friendly inks will drive the oil-based printing inks market. Major players in the oil-based printing inks market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., and Siegwerk Druckfarben AG & Co. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the printing ink market. Printing ink companies worldwide are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. Due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem, China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, Sun Chemical, a global printing ink manufacturer, faced disruptions in its printing ink supply due to global raw material shortages resulting from ongoing environmental regulatory compliance inspections in Chinese raw material plants and factories. The printing ink industry has introduced high-resolution replacement inks as a cost-effective alternative for barcode case coding applications. High-resolution inks are more effective than traditional inks as they allow fine and solid printing at high speeds. They also enable re-printability and drastically reduce the number of cleaning stencils required. For instance, IIMAK introduced Sure Scan II Plus, a high-resolution replacement compatible inkjet ink that reduces printing costs, downtime, and waste. This is a replacement option that works in a wide range of high-resolution inkjet printers, including FoxJet, Matthews, and Diagraph. Top companies in the market are developing high-definition inks with premium durability, a fast dry time, and a 12-month shelf life. In October 2020, Flint Group Packaging Inks, an India-based chemical manufacturer, acquired Poteet Printing Systems LLC for an undisclosed amount. This acquisition strengthens Flint Group Packaging Inks’ position within the paper and board market in North America and provides technical support there. Poteet Printing Systems LLC., a USA-based chemical manufacturer. Western Europe was the largest region in the oil-based printing inks market in 2022. Asia-Pacific was the second-largest region in the oil-based printing inks market report. The regions covered in the oil-based printing inks industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the oil-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The oil-based inks market consists of the sales of oil-based inks containing pigments, hydrocarbons, and oils such as soy oil. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The oil-based printing inks market research report is one of a series of new reports from The Business Research Company that provides oil-based printing inks market statistics, including oil-based printing inks industry global market size, regional shares, competitors with an oil-based printing inks market share, detailed oil-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the oil-based printing inks industry. This oil-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Water-based printing inks are referred to as aqueous inks and are available as dye and pigment inks. They are not waterproof and fade in UV light. The use of water-based printing inks has been limited due to compatibility with substrate materials, but they are successfully used for printing on fabric, paper, and some plastics. The main product types of water-based printing inks are acrylic water-based inks, maleic water-based inks, and shellac water-based inks. Acrylic water-based inks are inks made with water rather than plastic or PVC. The types are flexo inks, gravure inks, and screen-printing inks. The various applications are the packaging industry, the textile industry, art, and other applications. The global water-based printing inks market is segmented - 1) By Product Type: Acrylic Water-Based Inks, Maleic Water-Based Inks, Shellac Water-Based Inks 2) By Type: Flexo Inks, Gravure Inks, Screen Printing Inks 3) By Application: Packaging Industry, Textile Industry, Art, Other Applications The global water-based printing inks market size will grow from $9.12 billion in 2022 to $9.37 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the water-based printing inks is expected to grow from $10.57 billion in 2027 at a CAGR of 3.1%. Major players in the water-based printing inks market are Flint Group, Huber Group, Sakata Inx, Siegwerk Druckfarben Ag & Co. Kgaa, Dic Corporation, Toyo Ink Sc Holdings Co. Ltd., Dow Corning Corporation, Evonik Industries Ag, T & K Toka Co., Ltd., The Sherwin-Williams Company, and Color Resolution International. 3D technology will be a driver of the printing ink market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. In November 2021, Cubic Ink materials from ALTANA and DP Polar are revolutionizing industrial 3D inkjet printing. Multi-material capability for maximum productivity for a wide variety of printing materials is processed using the continuous Multi-material Jetting process. Water-based printing inks take a considerably large amount of time to be cured when compared with non-water-based printing inks. For the water-based printing inks printed on a surface, a certain temperature must be reached and held to completely dry the solvent used for printing. Though the printer can print the desired image quality and image onto a wide range of substrates, they cannot be done simultaneously, reducing the speed of the printer. This creates an obstacle to using water-based printing inks, thereby restraining the printing ink market growth. Many companies in the printing ink market are shifting from manufacturing petroleum-based printing inks to manufacturing environmentally friendly printing inks (green printing inks). Unlike petroleum-based printing inks, green printing inks do not contain heavy metals or other dangerous or toxic substances, so they do not cause excessive pollution in landfills. Green printing inks are based on sustainable materials such as soy and other plant-based origins, which are more sustainable than petroleum. Examples of green printing inks include water-based and oil-based printing inks. The use of green printing inks results in a reduction of volatile organic compounds (VOCs) released during the printing process. Major players in the printing ink market such as DIC Corporation, Flint Group, Sakata Inx, and others are providing green printing inks as part of their offerings. In October 2020, the Flint Group, which specializes in color management procedures, products, and services and develops, manufactures, and markets an extensive portfolio of printing consumables and printing equipment, was acquired by Poteet Printing Systems for an undisclosed amount. This acquisition joins a key element of Flint Group Packaging’s intention to improve not only organically but also via acquisition. Poteet Printing Systems is a US-based company that manufactures and markets water-based inks for flexographic applications to printers and converters. Asia-Pacific was the largest region in the water-based printing inks market in 2022. Western Europe was the second-largest region in the global water-based printing inks market analysis. The regions covered in the global water-based printing inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water-based printing inks market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The water-based printing inks market consists of the sales of different types of water-based printing inks such as high solid acrylic, discharge, low-solids, medium solids, wet on dry, and wet on wet systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The water-based printing inks market research report is one of a series of new reports from The Business Research Company that provides water-based printing inks market statistics, including global market size, regional shares, competitors with a water-based printing inks market share, detailed water-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the water-based printing inks industry. This water-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals. The global chemicals market size will grow from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of chemicals is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market share. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.