Ink Resin Market by Resin Type (Modified Rosins, Hydrocarbon, Modified Cellulose), by Technology (Oil, Solvent, Water, UV-curable), by Application (Printing & Publication, Flexible Packaging, Corrugated Cardboards & Cartons) - Global Forecast to 2026

Abstract
The ink resins market is estimated to be USD 3.3 billion in 2021 and is projected to reach USD 3.8 billion
by 2026, at a CAGR of 3.4%. Increasing environmental protection standards for the printing ink industry,
growth of packaging and energy curable inks industries, increasing demand for UV-cured inks, and new
resin technologies are the key factors contributing to the growth of the ink resins market.

The global ink resins market is witnessing high growth on account of increasing applications, and growing demand in the APAC region. Ink resins are largely used in printing & publication application. The major opportunities in the ink resins market are in emerging markets such as India, China, Brazil, and Mexico. The printing industry in Asia Pacific, South America, and the Middle East & Africa is expected to have a good growth rate during the forecast period. Simultaneously, increasing environmental protection standards are expected to have a positive demand due to their environmental benefits.

“The UV-curable-based technology to witness fastest growth of ink resins market.”

The use of UV-curable inks in the US in the packaging market continues to increase, especially with the introduction of low migration inks that support current global and regional regulations. Key advantages of UV-cured inks are solvent-free inks resulting in lower insurance, high level of product resistance, ease of usage, and flexibility to accommodate various sizes and variety of print jobs. Solvent-based inks continue to be the largest technology segment. The main resin used is low viscosity nitrocellulose (NC), which is featured in more than 70% of all solvent-based liquid inks. Liquid media, based on NC, disperse pigment reasonably well, have a good balance between viscosity and solids content, have low odor, print well, and are compatible with a large number of media based on other polymers.
 
“The gravure printing process to be largest of ink resins market.”

Gravure and flexographic printing processes continue to replace lithographic inks in several applications with the growing packaging segment. The digital printing process is rapidly gaining market share owing to the shift from ink media to electronic media in the publication sector. Other printing processes such as letterpress have become obsolete and are losing market share to the flexographic and gravure processes.
 
“The printing & publication to be the largest application of ink resins market.”

There is a high potential for demand growth of ink resins from the flexible packaging and corrugated cardboard & cartons segments during 2021-2026 due to improved living standard in developing countries and increased demand for food security.

The demand for resins from the printing & publication segment is declining due to the shift toward the digital media and the Internet in addition to the decline in demand from the newspaper and magazine industry.

“APAC is the largest ink resins market in the forecast period.”

APAC is projected to lead the ink resins market and this dominance is expected to continue till 2026. APAC encompasses a diverse range of economies with different levels of economic development. The growth of the region is mainly attributed to the high economic growth rate coupled with heavy investments across industries such as printing & publication, flexible packaging, corrugated cardboards & cartons. The key players of the ink resins market are expanding their production capacities in APAC, especially in China and India. The advantages of shifting production to APAC are the low cost of production, availability of skilled and cheap labor, and the ability to serve the local emerging market in a better manner.

Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.
 
Breakdown of Primary Interviews:
•By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
•By Designation: C Level – 35%, D Level – 25%, and Others – 40%
•By Region: APAC – 40%, Europe – 25%, North America – 20%, Middle East & Africa – 8%, and South America – 7%

The key companies profiled in this report are BASF SE (Germany), Covestro AG (Germany), The
Dow Chemical Company (US), Evonik Industries AG (Germany), and Lawter (US).

Research Coverage:
The ink resins market has been segmented based on resin type (Modified Rosin, Hydrocarbon, Modified Cellulose, Acrylic, Polyamide, Polyurethane, and others), technology (Oil-based, Solvent-based, Waterbased,
and UV-curable-based), printing process (Lithography, Gravure, Flexography, and Others), application (Printing & Publication, Flexible Packaging, Corrugated Cardboard & Cartons, and Others), and region (APAC, Europe, North America, South America, and Middle East & Africa).

Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
Market Penetration: Comprehensive information on ink resins offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for ink resins across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the market.

Content
Table of Contents

1INTRODUCTION27
1.1OBJECTIVES OF THE STUDY27
1.2MARKET DEFINITION27
1.3MARKET SCOPE28
FIGURE 1INK RESINS MARKET SEGMENTATION28
1.4MARKET INCLUSIONS AND EXCLUSIONS28
1.4.1MARKET INCLUSIONS28
1.4.2MARKET EXCLUSIONS29
1.5YEARS CONSIDERED FOR THE STUDY29
1.6CURRENCY30
1.7UNIT CONSIDERED30
1.8STAKEHOLDERS30
1.9SUMMARY OF CHANGES30
2RESEARCH METHODOLOGY32
2.1RESEARCH DATA32
FIGURE 2INK RESINS MARKET: RESEARCH DESIGN32
2.1.1SECONDARY DATA33
2.1.1.1Key data from secondary sources33
2.1.2PRIMARY DATA33
2.1.2.1Key primary data sources34
2.1.2.2Key data from primary sources34
2.1.2.3Key industry insights35
2.1.2.4Breakdown of primary interviews35
2.2MARKET SIZE ESTIMATION36
2.2.1TOP-DOWN APPROACH36
FIGURE 3MARKET SIZE ESTIMATION: TOP-DOWN APPROACH36
FIGURE 4INK RESINS MARKET: BY VALUE37
FIGURE 5INK RESINS MARKET, BY REGION37
FIGURE 6INK RESINS MARKET, BY TECHNOLOGY38
FIGURE 7MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH, BY APPLICATION38
FIGURE 8MARKET SIZE ESTIMATION: BY APPLICATION39
2.3MARKET FORECAST APPROACH39
2.3.1SUPPLY-SIDE FORECAST39
2.3.2DEMAND-SIDE FORECAST39
2.4MARKET BREAKDOWN AND DATA TRIANGULATION40
FIGURE 9INK RESINS MARKET: DATA TRIANGULATION40
2.5FACTOR ANALYSIS41
2.6ASSUMPTIONS41
2.7RISK ANALYSIS ASSESSMENT42
2.8LIMITATIONS42
3EXECUTIVE SUMMARY43
TABLE 1INK RESINS MARKET SNAPSHOT44
FIGURE 10ASIA PACIFIC TO BE LARGEST AND FASTEST-GROWING MARKET
BETWEEN 2021 AND 202645
FIGURE 11UV-CURABLE-BASED TO BE FASTEST-GROWING TECHNOLOGY
BETWEEN 2021 AND 202645
FIGURE 12PRINTING & PUBLICATION TO BE LARGEST APPLICATION46
FIGURE 13MODIFIED ROSIN SEGMENT TO DOMINATE INK RESINS MARKET46
FIGURE 14GRAVURE SEGMENT TO LEAD INK RESINS MARKET47
FIGURE 15ASIA PACIFIC WAS LARGEST INK RESINS MARKET47
TABLE 2MAJOR PLAYERS PROFILED IN THIS REPORT48
4PREMIUM INSIGHTS49
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN INK RESINS MARKET49
FIGURE 16INK RESINS MARKET TO GROW DUE TO INCREASING DEMAND
FROM EMERGING NATIONS49
4.2INK RESINS MARKET, BY RESIN49
FIGURE 17ACRYLIC INK RESINS TO REGISTER FASTEST GROWTH RATE49
4.3ASIA PACIFIC INK RESINS MARKET, BY APPLICATION AND COUNTRY50
FIGURE 18PRINTING & PUBLICATION AND CHINA DOMINATED ASIA PACIFIC
MARKET IN 202050
4.4INK RESINS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES50
FIGURE 19DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS50
4.5ASIA PACIFIC INK RESINS MARKET51
FIGURE 20INDIA TO BE FASTEST-GROWING MARKET51
5MARKET OVERVIEW52
5.Table of Contents

1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 21DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
IN INK RESINS MARKET52
5.2.1DRIVERS53
5.2.1.1Improved supply of raw materials for ink resins53
5.2.1.2Rising packaging and energy-curable inks industries53
5.2.1.3Environmental concerns, growing awareness, and stringent regulations53
5.2.1.4New ink resin technologies54
5.2.2RESTRAINTS54
5.2.2.1Volatile raw material prices and fluctuations in demand due to competition from other industries using resins54
5.2.2.2Unstable geopolitical situations54
5.2.2.3Increasing consolidation among ink resin suppliers54
5.2.3OPPORTUNITIES55
5.2.3.1Renewed interest in water-based inks55
5.2.3.2EB curing picking up interest among food packagers55
5.2.4CHALLENGES55
5.2.4.1Lower cost and improved performance of resins55
5.2.4.2Stringent and time-consuming regulatory policies55
5.2.4.3Competition with larger industries with higher purchasing
power for important raw materials56
5.3PORTER’S FIVE FORCES ANALYSIS57
FIGURE 22PORTER’S FIVE FORCES ANALYSIS FOR INK RESINS MARKET57
TABLE 3INK RESINS MARKET: PORTER’S FIVE FORCES ANALYSIS57
5.3.1THREAT OF NEW ENTRANTS58
5.3.2THREAT OF SUBSTITUTES58
5.3.3BARGAINING POWER OF SUPPLIERS58
5.3.4BARGAINING POWER OF BUYERS59
5.3.5INTENSITY OF COMPETITIVE RIVALRY59
5.4VALUE CHAIN ANALYSIS59
FIGURE 23INK RESIN: VALUE CHAIN ANALYSIS60
TABLE 4INK RESINS MARKET: SUPPLY CHAIN ECOSYSTEM61
5.4.1IMPACT OF COVID-19 ON VALUE CHAIN62
5.4.1.1Action plan against current vulnerability62
5.5MACROECONOMIC INDICATORS63
5.5.Table of Contents

1INTRODUCTION63
5.5.2TRENDS AND FORECAST OF GDP63
TABLE 5TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE63
5.6COVID-19 IMPACT ANALYSIS64
5.6.1COVID-19 ECONOMIC ASSESSMENT64
FIGURE 24LATEST WORLD ECONOMIC OUTLOOK GROWTH PROJECTIONS66
5.6.2ECONOMIC IMPACT OF COVID-19 – SCENARIO ASSESSMENT67
FIGURE 25FACTORS IMPACTING ECONOMIES OF SELECT G20 COUNTRIES IN 202067
5.7PRICING ANALYSIS67
FIGURE 26AVERAGE PRICE COMPETITIVENESS IN INK RESINS MARKET,
BY REGION IN 202068
5.7.1SUPPLY CHAIN CRISES SINCE PANDEMIC68
5.8INK RESINS ECOSYSTEM69
FIGURE 27INK RESINS ECOSYSTEM69
5.9EXPORT-IMPORT TRADE STATISTICS69
TABLE 6EXPORT DATA FOR POLYURETHANE RESINS (2019–2020)69
TABLE 7IMPORT DATA FOR POLYURETHANE RESINS (2019–2020)72
TABLE 8EXPORT DATA FOR ACRYLIC RESINS (2019–2020)75
TABLE 9IMPORT DATA FOR ACRYLIC RESINS (2019–2020)78
5.10PATENT ANALYSIS82
5.10.1METHODOLOGY82
5.10.2PUBLICATION TRENDS82
FIGURE 28NUMBER OF PATENTS PUBLISHED, 2017–202182
5.10.3PATENT ANALYSIS BY JURISDICTION82
FIGURE 29PATENTS PUBLISHED BY EACH JURISDICTION, 2017–202183
5.10.4TOP APPLICANTS83
FIGURE 30PATENTS PUBLISHED BY MAJOR APPLICANTS, 2017–202183
5.11EMERGING TECHNOLOGY ANALYSIS83
5.11.1DIGITAL LABEL PRINTERS83
5.11.2SPECIAL EFFECTS AND FINISHING84
5.12CASE STUDY84
5.12.1SOLENT DESIGN STUDIO84
5.12.2DIGIFORCE84
5.12.3USE OF PRINTERS IN THE AEROSPACE INDUSTRY84
5.13REGULATION OF PRINTERS85
5.13.1ISO STANDARDS85
5.13.1.1Papers per minute85
5.13.1.2Toner standards85
5.13.1.3Printing paper standards85
5.13.1.4Monochrome testing85
5.13.1.5Multicolor testing85
5.13.1.6Color richness testing85
6INK RESINS MARKET, BY RESIN TYPE86
6.Table of Contents

1INTRODUCTION87
FIGURE 31MODIFIED ROSIN RESIN DOMINATES INK RESINS MARKET87
TABLE 10INK RESINS MARKET SIZE, BY RESIN TYPE, 2019–2026 (USD MILLION)87
TABLE 11INK RESINS MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON)88
6.2MODIFIED ROSIN INK RESIN88
6.2.1A LINE OF WATER-BASED FLEXOGRAPHIC INKS HAS BEEN DEVELOPED THROUGH ROSIN ESTER TECHNOLOGY88
6.2.2GUM88
6.2.3TALL OIL ROSIN (TOR)88
6.2.4STUMPWOOD88
6.2.5METAL RESINATES89
6.2.6ESTER GUMS89
6.2.7MALEIC RESINS89
6.2.7.1Rosin maleic adducts89
6.2.7.2Partially esterified rosin maleics89
6.2.7.3Esterified rosin maleics89
 
6.2.8PHENOLIC RESINS90
TABLE 12MODIFIED ROSIN: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)90
TABLE 13MODIFIED ROSIN: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)90
6.3HYDROCARBON INK RESINS91
6.3.1HYDROCARBON RESINS ARE USED EXTENSIVELY IN PRINTING INKS AND HAVE REPLACED MANY NATURAL RESINS THAT ARE USED AS
BINDERS FOR INKS91
6.3.2C5 ALIPHATIC HYDROCARBON RESINS91
6.3.3C9 AROMATIC HYDROCARBON RESINS91
6.3.4MODIFIED C9 HYDROCARBONS91
TABLE 14HYDROCARBON: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)91
TABLE 15HYDROCARBON: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)92
6.4MODIFIED CELLULOSE INK RESINS92
6.4.1CELLULOSE PROVIDES AN ENTIRE RANGE OF HIGHLY USEFUL FILM
FORMER RESINS FOR LIQUID INKS92
6.4.2NITROCELLULOSE RESINS92
6.4.2.1RS Nitrocellulose93
6.4.2.2SS Nitrocellulose93
6.4.3ETHYL CELLULOSE RESINS93
6.4.3.1N-Type93
6.4.3.2T-Type93
6.4.4EHEC RESINS93
6.4.5CARBOY METHYL CELLULOSE (CMC)93
6.4.6CELLULOSE ACETATES93
TABLE 16MODIFIED CELLULOSE: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)94
TABLE 17MODIFIED CELLULOSE: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)94
6.5ACRYLIC INK RESINS95
6.5.1ACRYLICS ARE RARELY USED DIRECTLY AS THEY HAVE LIMITED
SOLUBILITY IN INKS95
6.5.2ACRYLIC SOLUTION RESINS95
6.5.3ACRYLIC AQUEOUS EMULSIONS95
6.5.4ACRYLIC NAD95
TABLE 18ACRYLIC: INK RESINS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)95
TABLE 19ACRYLIC: INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)95
6.5.5PASTE INKS96
6.5.6SOLVENT INKS96
6.5.7WATER-BASED INKS96
6.6POLYAMIDE INK RESINS97
6.6.1POLYAMIDE RESINS FIND WIDE USE AS BINDERS IN PRINTING INKS97
6.6.2REACTIVE POLYAMIDES97
6.6.3NON-REACTIVE POLYAMIDES97
6.6.3.1Co-solvent polyamides97
6.6.3.2Alcohol soluble polyamides97
TABLE 20POLYAMIDE: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)98
TABLE 21POLYAMIDE: INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)98
6.7POLYURETHANE INK RESINS99
6.7.1POLYURETHANE RESIN HAS EXCELLENT PROPERTIES AND CAN BE MADE MORE ATTRACTIVE BY APPLYING ADVANCED TECHNOLOGIES99
TABLE 22POLYURETHANE: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)99
TABLE 23POLYURETHANE: INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)99
6.8OTHER INK RESINS100
TABLE 24OTHER INK RESINS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)100
TABLE 25OTHER INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)100
7INK RESINS MARKET, BY TECHNOLOGY101
7.Table of Contents

1INTRODUCTION102
FIGURE 32SOLVENT-BASED TECHNOLOGY TO DOMINATE OVERALL INK RESINS MARKET102
TABLE 26INK RESINS MARKET SIZE, BY TECHNOLOGY, 2019–2026 (USD MILLION)103
TABLE 27INK RESINS MARKET SIZE, BY TECHNOLOGY, 2019–2026 (KILOTON)103
7.2OIL-BASED104
7.2.1OIL-BASED INKS ARE USED PRIMARILY IN DROP ON DEMAND (D.O.D.)
WIDE-FORMAT PRINTERS FOR COMMERCIAL APPLICATIONS104
TABLE 28OIL-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)104
TABLE 29OIL-BASED INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)104
7.3SOLVENT-BASED INKS105
7.3.1SOLVENT-BASED INK SYSTEMS ARE EQUIPPED WITH OXIDIZERS AND
OTHER POLLUTION-CONTROL DEVICES TO ELIMINATE VOCS105
7.3.2RESIN TYPES FOR SOLVENT-BASED INKS106
7.3.3ADVANTAGES & DISADVANTAGES106
TABLE 30SOLVENT-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)106
TABLE 31SOLVENT-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)106
7.4WATER-BASED INKS107
7.4.1WATER-BASED INKS EXCEL IN PRINTING APPLICATIONS INVOLVING
PAPER, CARDBOARD, AND TEXTILES, ARE EVEN USED TO PRINT ON
FOILS, PLASTICS, AND FOOD PACKAGING107
7.4.2RESIN TYPES FOR WATER-BASED INKS108
7.4.3ADVANTAGES AND DISADVANTAGES108
TABLE 32WATER-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)108
TABLE 33WATER-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (KILOTON)108
7.5UV-CURABLE INKS109
7.5.1UV-CURING TECHNOLOGIES REGISTERING HIGH GROWTH109
7.5.2RESIN SYSTEMS109
7.5.3ADVANTAGES AND LIMITATIONS109
TABLE 34UV-BASED INK RESINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)109
TABLE 35UV-BASED INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)110
8INK RESINS MARKET, BY PRINTING PROCESS111
8.Table of Contents

1INTRODUCTION112
FIGURE 33GRAVURE PRINTING PROCESS DOMINATES INK RESINS MARKET112
TABLE 36INK RESINS MARKET SIZE IN PRINTING INKS, BY PRINTING PROCESS,
2019–2026 (USD MILLION)112
TABLE 37INK RESINS MARKET SIZE IN PRINTING INKS, BY PRINTING PROCESS,
2019–2026 (KILOTON)113
8.2LITHOGRAPHY PROCESS113
8.2.1RISING DEMAND FOR LITHOGRAPHIC INK PRINTING PROCESS
INCREASES RESIN CONSUMPTION113
TABLE 38INK RESINS MARKET SIZE IN LITHOGRAPHY PROCESS, BY REGION,
2019–2026 (USD MILLION)113
TABLE 39INK RESINS MARKET SIZE IN LITHOGRAPHY PROCESS, BY REGION,
2019–2026 (KILOTON)114
8.3GRAVURE PROCESS114
8.3.1GRAVURE PRINTERS ARE FINDING APPLICATIONS IN THE GROWING PACKAGING INDUSTRY114
TABLE 40INK RESINS MARKET SIZE IN GRAVURE PROCESS, BY REGION,
2019–2026 (USD MILLION)115
TABLE 41INK RESINS MARKET SIZE IN GRAVURE PROCESS, BY REGION,
2019–2026 (KILOTON)115
8.4FLEXOGRAPHY PROCESS116
8.4.1FLEXOGRAPHY PROCESS IS USED FOR PACKAGING AND
PUBLISHING APPLICATIONS116
TABLE 42INK RESINS MARKET SIZE IN FLEXOGRAPHY PROCESS, BY REGION,
2019–2026 (USD MILLION)116
TABLE 43INK RESINS MARKET SIZE IN FLEXOGRAPHY PROCESS, BY REGION,
2019–2026 (KILOTON)116
8.5OTHER PRINTING PROCESSES117
TABLE 44INK RESINS MARKET SIZE IN OTHER PRINTING PROCESSES, BY REGION, 2019–2026 (USD MILLION)117
TABLE 45INK RESINS MARKET SIZE IN OTHER PRINTING PROCESSES, BY REGION, 2019–2026 (KILOTON)117
9INK RESINS MARKET, BY APPLICATION119
9.Table of Contents

1INTRODUCTION120
FIGURE 34PRINTING & PUBLICATION SEGMENT PROJECTED TO LEAD INK
RESINS MARKET120
TABLE 46INK RESINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)120
TABLE 47INK RESINS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)120
9.2PRINTING & PUBLICATION121
9.2.1PRINTING & PUBLICATION INK MARKET IS FACING DECLINE DUE
TO RISE OF INTERNET121
TABLE 48INK RESINS MARKET SIZE IN PRINTING & PUBLICATION, BY REGION,
2019–2026 (USD MILLION)121
TABLE 49INK RESINS MARKET SIZE IN PRINTING & PUBLICATION, BY REGION,
2019–2026 (KILOTON)121
9.3FLEXIBLE PACKAGING122
9.3.1FLEXIBLE PACKAGING ADDS VALUE AND MARKETABILITY TO EDIBLE
AND NON-EDIBLE PRODUCTS122
TABLE 50INK RESINS MARKET SIZE IN FLEXIBLE PACKAGING, BY REGION,
2019–2026 (USD MILLION)123
TABLE 51INK RESINS MARKET SIZE IN FLEXIBLE PACKAGING, BY REGION,
2019–2026 (KILOTON)124
9.4CORRUGATED CARDBOARD & CARTONS125
9.4.1CORRUGATED CARDBOARD & CARTONS INDUSTRY IS GROWING
AT A HIGH RATE IN KRAFT OR TEST LINER PREPRINT125
TABLE 52INK RESINS MARKET SIZE IN CORRUGATED CARDBOARD & CARTONS,
BY REGION, 2019–2026 (USD MILLION)125
TABLE 53INK RESINS MARKET SIZE IN CORRUGATED CARDBOARD & CARTONS,
BY REGION, 2019–2026 (KILOTON)126
9.5OTHERS126
TABLE 54INK RESINS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2019–2026 (USD MILLION)127
TABLE 55INK RESINS MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2019–2026 (KILOTON)127
10INK RESINS MARKET, BY REGION128
10.Table of Contents

1INTRODUCTION129
FIGURE 35INK RESINS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
BETWEEN 2021 AND 2026130
TABLE 56INK RESINS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)130
TABLE 57INK RESINS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)130
10.2ASIA PACIFIC131
FIGURE 36ASIA PACIFIC: INK RESINS MARKET SNAPSHOT132
TABLE 58ASIA PACIFIC: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)133
TABLE 59ASIA PACIFIC: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)133
TABLE 60ASIA PACIFIC: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION)134
TABLE 61ASIA PACIFIC: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON)134
TABLE 62ASIA PACIFIC: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (USD MILLION)134
TABLE 63ASIA PACIFIC: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (KILOTON)135
TABLE 64ASIA PACIFIC: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION)135
TABLE 65ASIA PACIFIC: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON)135
TABLE 66ASIA PACIFIC: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)136
TABLE 67ASIA PACIFIC: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)136
10.2.1CHINA136
10.2.1.1Largest ink resins market in Asia Pacific136
10.2.2JAPAN137
10.2.2.1Demand for new innovative packaging methods is helping
in the growth of the ink industry137
10.2.3INDIA137
10.2.3.1Government initiatives and significant market opportunities
making India a key market for ink resins137
10.2.4PAKISTAN137
10.2.4.1Increase in growth of packaging industry expected to help
the ink industry grow137
10.2.5INDONESIA138
10.2.5.1New opportunities have helped ink industry to survive
COVID-19 period138
10.2.6PHILIPPINES138
10.2.6.1Government initiatives helping the growth of packaging industry138
10.2.7MALAYSIA139
10.2.7.1The country is moving toward environment-friendly packaging
leading to new demand in the ink market139
10.2.8BANGLADESH139
10.2.8.1Large printing sector promoting growth in the inks market139
10.2.9SRI LANKA139
10.2.9.1Large export market helping in the growth of the packaging industry139
10.2.10REST OF ASIA PACIFIC140
10.3EUROPE140
FIGURE 37EUROPE: INK RESINS MARKET SNAPSHOT141
TABLE 68EUROPE: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)141
TABLE 69EUROPE: INK RESINS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)142
TABLE 70EUROPE: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION)142
TABLE 71EUROPE: INK RESINS MARKET SIZE, BY RESIN TYPE, 2019–2026 (KILOTON)142
TABLE 72EUROPE: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (USD MILLION)143
TABLE 73EUROPE: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (KILOTON)143
TABLE 74EUROPE: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION)143
TABLE 75EUROPE: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON)143
TABLE 76EUROPE: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)144
TABLE 77EUROPE: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)144
10.3.1GERMANY144
10.3.1.1Developments and investments in consumer sectors leading
to the growth of chemical industry144
10.3.2FRANCE145
10.3.2.1Government investments to drive the inks market145
10.3.3ITALY145
10.3.3.1Food & beverage industry to promote the packaging industry145
10.3.4RUSSIA145
10.3.4.1Significant demand from packaging industry leading to
high market growth145
10.3.5TURKEY146
10.3.5.1A leading market for paints and inks & coatings in Europe146
10.3.6REST OF EUROPE147
10.4NORTH AMERICA147
FIGURE 38NORTH AMERICA: INK RESINS MARKET SNAPSHOT148
TABLE 78NORTH AMERICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)148
TABLE 79NORTH AMERICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)149
TABLE 80NORTH AMERICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION)149
TABLE 81NORTH AMERICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON)149
TABLE 82NORTH AMERICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (USD MILLION)150
TABLE 83NORTH AMERICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (KILOTON)150
TABLE 84NORTH AMERICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION)150
TABLE 85NORTH AMERICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON)150
TABLE 86NORTH AMERICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)151
TABLE 87NORTH AMERICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)151
10.4.1US151
10.4.1.1Largest market for ink resins in the region151
10.4.2CANADA152
10.4.2.1Demand for ink resins to increase due to the growing
packaging industry152
10.4.3MEXICO152
10.4.3.1Printing inks market in witnessing high growth152
10.5MIDDLE EAST & AFRICA153
FIGURE 39INCREASING DEMAND FOR INK RESINS FROM PRINTING & PUBLICATION APPLICATION TO DRIVE MARKET IN MIDDLE EAST & AFRICA153
TABLE 88MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)154
TABLE 89MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)154
TABLE 90MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION)155
TABLE 91MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON)155
TABLE 92MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS, 2019–2026 (USD MILLION)155
TABLE 93MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS, 2019–2026 (KILOTON)156
TABLE 94MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION)156
TABLE 95MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON)156
TABLE 96MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)156
TABLE 97MIDDLE EAST & AFRICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)157
10.5.1SAUDI ARABIA157
10.5.1.1Various leading manufacturers have set up their manufacturing
units in the country157
10.5.2UAE157
10.5.2.1Government initiatives are promoting local players, boosting
demand in the ink resins market157
10.5.3SOUTH AFRICA158
10.5.3.1Government investments boosting the economy158
10.5.4NIGERIA158
10.5.4.1Food industry accounts for major share of flexible packaging158
10.5.5EGYPT158
10.5.5.1Publishing business is leading to growth of the ink resins market158
10.5.6ETHIOPIA159
10.5.6.1COVID-19 has impacted industries159
10.5.7KENYA159
10.5.7.1Government initiatives to propel the ink resins market159
10.5.8ISRAEL160
10.5.8.1Growth of plastic industry offers major opportunities for
packaging industry160
10.5.9JORDAN160
10.5.9.1Major economic breakdown but undertaking efforts to recover160
10.5.10REST OF MIDDLE EAST & AFRICA160
10.6SOUTH AMERICA161
FIGURE 40FLEXIBLE PACKAGING TO BE FASTEST-GROWING APPLICATION OF
SOUTH AMERICAN INK RESINS MARKET161
TABLE 98SOUTH AMERICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)161
TABLE 99SOUTH AMERICA: INK RESINS MARKET SIZE, BY COUNTRY,
2019–2026 (KILOTON)162
TABLE 100SOUTH AMERICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (USD MILLION)162
TABLE 101SOUTH AMERICA: INK RESINS MARKET SIZE, BY RESIN TYPE,
2019–2026 (KILOTON)162
TABLE 102SOUTH AMERICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (USD MILLION)163
TABLE 103SOUTH AMERICA: INK RESINS MARKET SIZE, BY PRINTING PROCESS,
2019–2026 (KILOTON)163
TABLE 104SOUTH AMERICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (USD MILLION)163
TABLE 105SOUTH AMERICA: INK RESINS MARKET SIZE, BY TECHNOLOGY,
2019–2026 (KILOTON)164
TABLE 106SOUTH AMERICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)164
TABLE 107SOUTH AMERICA: INK RESINS MARKET SIZE, BY APPLICATION,
2019–2026 (KILOTON)164
10.6.1BRAZIL165
10.6.1.1Manufacturers are expanding production capacities, helping
ink resins market grow165
10.6.2REST OF SOUTH AMERICA165
11COMPETITIVE LANDSCAPE166
11.1OVERVIEW166
FIGURE 41COMPANIES ADOPTED AGREEMENTS AS THE KEY GROWTH
STRATEGY BETWEEN 2017 AND 2021166
11.2MARKET SHARE ANALYSIS166
TABLE 108INK RESINS MARKET: DEGREE OF COMPETITION166
FIGURE 42INK RESINS MARKET: MARKET SHARE ANALYSIS FOR 2020167
11.2.1MARKET RANKING ANALYSIS167
FIGURE 43RANKING OF KEY PLAYERS167
11.3COMPANY REVENUE ANALYSIS168
FIGURE 44REVENUE ANALYSIS FOR KEY COMPANIES DURING THE PAST THREE YEARS168
11.4COMPANY EVALUATION QUADRANT, 2020169
11.4.1STARS169
11.4.2EMERGING LEADERS169
11.4.3PERVASIVE169
11.4.4PARTICIPANTS170
FIGURE 45INK RESINS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020170
11.5SME MATRIX, 2020171
11.5.1PROGRESSIVE COMPANIES171
11.5.2DYNAMIC COMPANIES171
11.5.3STARTING BLOCKS171
11.5.4RESPONSIVE COMPANIES171
FIGURE 46INK RESINS MARKET: EMERGING COMPANIES’ COMPETITIVE
LEADERSHIP MAPPING, 2020172
11.6STRENGTH OF PRODUCT PORTFOLIO173
FIGURE 47PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN INK RESINS MARKET173
11.7BUSINESS STRATEGY EXCELLENCE174
FIGURE 48BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN INK RESINS MARKET174
11.8COMPETITIVE SCENARIO175
11.8.1MARKET EVALUATION FRAMEWORK175
TABLE 109STRATEGIC DEVELOPMENTS, BY COMPANY175
TABLE 110MOST FOLLOWED STRATEGY175
TABLE 111GROWTH STRATEGIES ADOPTED BY KEY COMPANIES175
11.8.2MARKET EVALUATION MATRIX176
TABLE 112COMPANY PRODUCT FOOTPRINT176
TABLE 113COMPANY REGION FOOTPRINT176
TABLE 114COMPANY INDUSTRY FOOTPRINT176
11.9STRATEGIC DEVELOPMENTS177
TABLE 115DEALS, 2017–2021177
TABLE 116OTHERS, 2017–2021178
12COMPANY PROFILES179
12.1KEY COMPANIES179
(Business Overview, Products Offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices made, Weaknesses and competitive threats)*
12.1.1LAWTER179
TABLE 117LAWTER : BUSINESS OVERVIEW179
FIGURE 49LAWTER : COMPANY SNAPSHOT180
12.1.2BASF SE185
TABLE 118BASF SE: BUSINESS OVERVIEW185
FIGURE 50BASF SE: COMPANY SNAPSHOT186
TABLE 119BASF SE: DEALS189
12.1.3COVESTRO AG191
TABLE 120COVESTRO AG: BUSINESS OVERVIEW191
FIGURE 51COVESTRO AG: COMPANY SNAPSHOT192
TABLE 121COVESTRO AG: DEALS193
12.1.4THE DOW CHEMICAL COMPANY195
TABLE 122THE DOW CHEMICAL COMPANY: BUSINESS OVERVIEW195
FIGURE 52THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT196
12.1.5EVONIK INDUSTRIES AG198
TABLE 123EVONIK INDUSTRIES AG: BUSINESS OVERVIEW198
FIGURE 53EVONIK INDUSTRIES AG: COMPANY SNAPSHOT198
TABLE 124EVONIK INDUSTRIES AG: OTHERS199
12.1.6KRATON CORPORATION201
TABLE 125KRATON CORPORATION: COMPANY SNAPSHOT201
FIGURE 54KRATON CORPORATION: COMPANY SNAPSHOT202
12.1.7ARAKAWA CHEMICAL INDUSTRIES LTD.203
TABLE 126ARAKAWA CHEMICAL INDUSTRIES LTD.: BUSINESS OVERVIEW203
FIGURE 55ARAKAWA CHEMICAL INDUSTRIES LTD.: COMPANY SNAPSHOT203
12.1.8HYDRITE CHEMICAL CO.205
TABLE 127HYDRITE CHEMICAL CO.: BUSINESS OVERVIEW205
12.1.9INDULOR CHEMIE GMBH206
TABLE 128INDULOR CHEMIE GMBH: BUSINESS OVERVIEW206
12.1.10IGM RESINS207
TABLE 129IGM RESINS : BUSINESS OVERVIEW207
12.2OTHER COMPANIES209
12.2.1FLINT GROUP209
TABLE 130FLINT GROUP: COMPANY OVERVIEW209
12.2.2DIC CORPORATION209
TABLE 131DIC CORPORATION: COMPANY OVERVIEW209
12.2.3THE LUBRIZOL CORPORATION210
TABLE 132THE LUBRIZOL CORPORATION: COMPANY OVERVIEW210
12.2.4EASTMAN CHEMICAL COMPANY210
TABLE 133EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW210
12.2.5MITSUBISHI CHEMICAL CORPORATION211
TABLE 134MITSUBISHI CHEMICAL CORPORATION: BUSINESS OVERVIEW211
12.2.6ARKEMA211
TABLE 135ARKEMA: BUSINESS OVERVIEW211
12.2.7INGEVITY212
TABLE 136INGEVITY: BUSINESS OVERVIEW212
12.2.8RESINALL CORP212
TABLE 137RESINALL CORP: BUSINESS OVERVIEW212
12.2.9GELLNER INDUSTRIAL LLC213
TABLE 138GELLNER INDUSTRIAL LLC: BUSINESS OVERVIEW213
12.2.10KANE INTERNATIONAL CORPORATION213
TABLE 139KANE INTERNATIONAL CORPORATION: BUSINESS OVERVIEW213
12.2.11VIL RESINS214
TABLE 140VIL RESINS: BUSINESS OVERVIEW214
12.2.12D.R. COATS, INK & RESINS PVT. LTD.214
TABLE 141D.R. COATS, INK & RESINS PVT. LTD.: BUSINESS OVERVIEW214
12.2.13ALLNEX GROUP215
TABLE 142ALLNEX GROUP: BUSINESS OVERVIEW215
12.2.14SETCO CHEMICALS (I) PVT. LTD.215
TABLE 143SETCO CHEMICALS (I) PVT. LTD.: BUSINESS OVERVIEW215
12.2.15SAUDI INDUSTRIAL RESINS LIMITED215
TABLE 144SAUDI INDUSTRIAL RESINS LIMITED.: BUSINESS OVERVIEW215
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13ADJACENT/RELATED MARKETS216
13.Table of Contents

1INTRODUCTION216
13.2LIMITATION216
13.3DIGITAL PRINTING MARKET216
13.3.1MARKET DEFINITION216
13.3.2MARKET OVERVIEW216
13.3.3GLOBAL DIGITAL PRINTING MARKET216
TABLE 145GLOBAL DIGITAL PRINTING MARKET, 2015–2020 (USD MILLION)217
TABLE 146GLOBAL DIGITAL PRINTING MARKET, 2021–2026 (USD MILLION)217
13.3.3.1Digital Printer217
13.3.3.2Ink Market for Digital Printing217
13.3.3.3Print Head Market for Digital Printers217
13.3.4DIGITAL PRINTING MARKET, BY REGION218
TABLE 147DIGITAL PRINTING MARKET, BY REGION, 2015–2020 (USD MILLION)218
TABLE 148DIGITAL PRINTING MARKET, BY REGION, 2021–2026 (USD MILLION)218
13.3.4.1Asia Pacific218
13.3.4.2North America219
13.3.4.3Europe219
13.3.4.4Rest of the World219
14APPENDIX220
14.1DISCUSSION GUIDE220
14.2KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL222
14.3AVAILABLE CUSTOMIZATIONS224
14.4RELATED REPORTS224
14.5AUTHOR DETAILS225