Specialty ink Market 2018 to 2023 | Application, Types & Regional Analysis

Specialty ink Market Overview to 2023

Ink is a complex aqueous medium that is composed of solvents, pigments, dyes, resins, lubricants, solubilizes, surfactants, particulate matter, fluorescents, and other materials. Each of these components of inks serve many purpose such as the ink carrier, colorants, and other additives affect the flow and thickness of the ink and its dry appearance. The specialty inks are the special purpose inks that are intended to fulfil needs of the distinguished applications which can be hardly served by their counterpart

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Specialty ink Market- Top 10 Global key Players & Their Strategy

Key players in the global polyurethane catalyst market are IIMAK (U.S.), Sun Chemical (U.S.), Toyo Ink International Corp., (U.S.), TOKYO PRINTING INK MFG CO.,LTD. (Japan), DAIHANINK Co., Ltd. (South Korea), Siegwerk Druckfarben AG & Co. KGaA (Germany), Huber Group Holding SE (Germany),  Bordeaux Digital PrintInk Ltd. (Israel), T&K TOKA Corporation (Japan), and Royal Dutch Printing Ink Factories Van Son (The Netherlands), among others.

Competitive Analysis

At present, with the rising cases of document breaching, forgery, counterfeit, and fake branding, the demand for the specialty inks is projected to rise manifolds. However, there are some factors that hamper growth of the market such as the fluctuations in the crude oil prices, cost intensive nature of new technologies and shift from traditional to digital market.   

Specialty ink Market – Segmentation Analysis

The global specialty ink market is broadly segmented on the basis of type, resin type, application, and region. On the basis of type, the global specialty resin market is divide into thermochromic and photochromic. Thermochromic type of specialty inks are heat sensitive in nature which changes its color when exposed to heat. This segment is projected to hold major share of the market over the forecast period due to its substantial applications in safety & security of confidential documents. Both thermochromic and photochromic type of specialty inks have great potential in protection of documents form forgery, counterfeit, duplications and also from the fake validation of brand.

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Specialty ink Market – Regional Analysis  

There are five major regions in which the global specialty ink market is divided into: Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is set to dominate the market. It held over 35% share of the market, as of 2016. The region is anticipated to remain dominant in both production and demand of specialty ink. Growing consumer awareness and favoring regulatory trends in this region are driving growth of the market during the forecast period.

India, Japan, South Korea and China are the leading markets in this region. North America is holding the second largest share of the market. The U.S is anticipated to hold the maximum share in this market, which is attributed to the presence of major market players and substantial end users such as foods & beverages and packaging industry. Europe is following North America in terms of market size, with Germany, the U.K and France holding considerable share of the market.

This region is witnessing a growth due to some strategic initiatives on part of regulatory agencies. The Middle East & Africa is a swiftly growing market where the growth is driven by the demand from foods & beverages and tourism industry. Latin America is anticipated to witness a rise in the regional market due to the pacifying political and reviving economic situation.