Lithography Inks Market to Surpass US$ 13.3 Bn by 2026; Significant Growth in Fuel Market

The global lithography inks market was valued at US$ 8.4 Bn in 2017 and is projected to expand at a CAGR of 5.3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Lithography Inks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Growth of the packaging industry is expected to augment the demand for lithography inks between 2018 and 2026. Increase in commercial printing and rapid urbanization in emerging countries are estimated to boost the global lithography inks market from 2018 to 2026.

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Rise in Demand for Lithography Inks in Packaging Industry to Drive Global Market

Significant growth in the packaging industry in developing economies and rise in use of high quality printing inks are augmenting the adoption of lithography inks. The packaging industry in Asia Pacific has expanded at a rapid pace in the last few years. This trend is expected to continue during the forecast period. Rapid industrialization and expansion in the packaging industry in developing countries are driving the lithography inks market. The packaging industry is a major consumer of printing inks. Growth in the food & beverages sector and increase in demand for flexible packaging in the health care sector are estimated to propel the demand for lithography inks in the next few years.

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Commercial Printing is Highly Promising Application Segment

Based on application, the commercial printing segment is projected to expand at a significant pace during the forecast period. Lithography inks are widely used in commercial printing applications such as advertising and promotional activities. Their adoption is increasing in packaging applications owing to their superior properties. Significant rise in commercial printing and packaging print applications is likely to create opportunities for players operating in the lithography inks market. Furthermore, textile and metal printing segments are anticipated to offer immense opportunities for manufacturers of lithography inks in the next few years.