Global Market for Printing Inks Gets an Overhaul with the Advent of 3D Printing

3D printing is the talk of the town, and not without reason. The technology is finding massive potential in all major industries, including manufacturing and healthcare. At the same time, it is changing the perception of all markets and industries related to it, including the global printing inks market. Let’s rewind it a bit and know more about printing inks in general.

Printing Inks: A Fast-paced and Highly Consumed Products Market

Being one of the older markets in the world, the global printing inks market has become saturated in a few segments, but the market is still exhibiting a healthy 5.0% CAGR between 2014 and 2020. What this means for a market valued at US$14.41 bn in 2013 is that it could very well reach a valuation of more than US$20 bn before the end of 2020.

The core uses of printing inks lie in commercial printing, publication, and packaging. Within these segments are the prominent players in the global printing inks market, such as ALTANA AG, Royal Dutch Printing Ink Factories Van Son, Wikoff Color Corporation, Huber Group, and Sun Chemical Corporation.

Metal Printing now an Option through Printing Ink Innovations 

The majority of people in the printing and manufacturing industries firmly believe that their future lies in high-quality 3D printing. This has been the focal point of many research teams from different companies across the world. The process of 3D printing is rapidly evolving, with new ideas that seemingly create objects of value from trash; for instance, the use of a procedure that makes use of rust powder to create objects. These objects are lightweight, stable, as well as safer when compared to iron powders. The same team of researchers has also discovered a way to build 3D printed metallic structures that are incredibly complicated, through the use of a completely new type of printing ink. This ink works well with a wide array of printing materials, including oxides and some alloys. This technology can be extremely useful and has already found application in the manufacture of batteries, medical implants, small components, and solid-oxide fuel cells.

Other Avenues that Make the Printing Inks Market Go

In terms of the various processes that use printing inks, the global printing inks market was dominated by lithographic printing in 2013, when it held over 40% of the market. Currently, the rise of the digital printing segment is a key driver of the global printing inks market. It is experiencing the fastest growth rate and is likely to run the show in due time, due to an increase in demand for digital printing. The global printing inks market is also showing a green streak as regulatory pressure opens up the scope of use for water-based solvents over oil-based ones.

The global printing inks market was led by North America in 2013, when it held nearly 30% of the market. This says a lot about the economic strength of the region, which needs a higher consumable resource and can meet the demand. At the same time, Asia Pacific is set to rocket forward in terms of growth in the global printing inks market till 2020, with China and India leading the region’s phenomenal growth rate. Therefore, the global printing inks market, as it stands, is still in a growth phase across multiple regions and segments. This will allow key players to either shift their pace or even change the segments in which they operate.

Browse Industry Research Press Release: http://www.transparencymarketresearch.com/pressrelease/printing-inks-market.htm