Ink Resins Market – Industry Trends and Forecast to 2026 With Key Players KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Puyang Shenghong Chemical Co.Ltd, Merida Pigment Industry Co., Ltd., Advanced Micro Polymers Inc.
Ink Resins Market By Resin (Acrylic, Polyurethane, Polyamide, Modified Rosin, Modified Cellulose, Hydrocarbon, Others), Ink Technology (Water-Based, Solvent-Based, UV-Curable, Powder), Application (Packaging, Printing & Publication, Others), Country (Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest of Europe) – Industry Trends and Forecast to 2026
Ink resins are a group of semi-solid or solid amorphous organic substances which looks like transparent in color. It is found particularly in plant secretions and is soluble in organic solvents like ether except water. The resins are used to produce inks with the addition of solvent, additive and pigments. The resins provide dissemination of the pigment and prevention of its re-accumulation. There are different types of resins which are used in making inks such as acrylic based resin, rosin-based resin, nitrocellulose resins and others.
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The ink resins market has drastically grown over years and gained popularity among the manufacturers. The growth of the ink resins market can be attributed to the growing demand of packaged food. Along with this, the R&D activities and innovation by the resin manufacturers are also driving the market remarkably. Increasing demand of polyurethane resin in flexible packaging is favouring the market and is leading to growth in demand for Europe ink resins market.
Europe ink resins market is expected to register a substantial CAGR in the forecast period of 2021 -2026.
Segmentation: Europe Ink Resins Market
Europe ink resins market is segmented into three notable segments which are resin, ink technology and application.
· On the basis of resin, the market is segmented into acrylic, polyurethane, polyamide, modified rosin, modified cellulose, hydrocarbon, others.
· On the basis of ink technology, the market is segmented into water-based, solvent-based, UV-curable and powder.
· On the basis of application, the market is segmented into packaging, printing & publications and others.
Competitive Analysis: Europe Ink Resins Market
Some of the major players operating in this market are Harima Chemicals Group, Inc., BASF SE, Resinall Corp, Ingevity, OMNOVA Solutions Inc., MHM Holding GmbH, Arakawa Chemical Industries Ltd., KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Puyang Shenghong Chemical Co.Ltd, Merida Pigment Industry Co., Ltd., Advanced Micro Polymers Inc., Mitsubishi Chemical Holdings Corporation, Eastman Chemical Company, Koninklijke DSM N.V., Specialty Polymers, Inc., SAMSUNG POLYMER CO., LTD, The Lubrizol Corporation, Indulor, DIC CORPORATION and Flint Group.
Recent Development:
· In May 2021, Eastman Chemical Company has planned to increase the production of non-hydrogenated and hydrogenated hydrocarbon resins, by expanding their capabilities in their Pennsylvania, Jefferson, the Netherlands and in Middelburg manufacturing sites. With the increase in their resin production, the company will be able to meet the high requirements of customers.
· In February 2021, Ingevity Corporation acquired Perstorp Holding AB’s division named Capa caprolactone. It will help the company to increase their profit and margins. It will further provide the new avenues for strategic growth.
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