PUBLISHER: The Business Research Company | PRODUCT CODE: 1650484
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650484
Ink resins are materials, either in a solid or semi-solid state, that are utilized in the production of inks. They are mixed with additives, solvents, and pigments to create ink formulations. These resins play a crucial role in printing inks by controlling viscosity, enhancing pigment wetting, and improving pigment adhesion properties. They serve as binders in ink vehicles, aiding in the adhesion of ink pigments to the substrate.
The primary categories of ink resins include modified rosin, hydrocarbon, modified cellulose, acrylic, polyamide, polyurethane, and other specialized resin types. Modified rosin refers to a resin that has undergone alteration processes other than esterification, hydrogenation, or dimerization. Various technologies are employed in ink resin production, including oil-based, solvent-based, water-based, and UV-curable-based methods. These resins are utilized in different printing processes such as lithography, gravure, flexography, and other specialized printing techniques. They find application in diverse sectors including printing and publication, flexible packaging, corrugated cardboard and cartons, as well as various other applications.
The ink resins market research report is one of a series of new reports from The Business Research Company that provides ink resins market statistics, including ink resins industry global market size, regional shares, competitors with a ink resins market share, detailed ink resins market segments, market trends and opportunities, and any further data you may need to thrive in the ink resins industry. This ink resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ink resin market size has grown rapidly in recent years. It will grow from $4.56 billion in 2024 to $5.05 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to printing industry growth, increased demand in the packaging industry, rise in environmental regulations, expansion of inkjet printing, increased demand in flexographic printing sector.
The ink resin market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to increasing regulatory changes, rising demand for e-commerce packaging, growing healthcare and pharmaceutical packaging sectors, rising specialty inks use, adoption of 3D printing inks. Major trends in the forecast period include water-based ink resins, uv-curable inks, low-voc formulations, hybrid ink technologies, bio-based resins:.
An increase in consumer spending and online shopping is projected to drive the growth of the ink resins market in the future. Online shopping refers to a form of electronic commerce that allows customers to place direct orders for goods or services from sellers using a computer browser. Many e-commerce businesses consider high-quality packaging as an essential investment, as it protects products from damage during shipping and reduces the likelihood of returns. Flexible packaging inks enhance the visual appeal of products and improve packaging performance by preserving the quality of images throughout production, packaging, transportation, and usage. For instance, in April 2024, the European Commission, a Belgium-based governing body responsible for implementing decisions and upholding EU treaties, reported that among individuals aged 16-74 surveyed, 92% had used the internet in the past year, with 70% purchasing goods or services, reflecting a 2% increase from 2022. Additionally, 75% of EU internet users made online purchases in 2023, indicating ongoing growth in e-commerce. Furthermore, in 2022, the number of digital buyers in the United States is anticipated to reach 266.7 million. Therefore, the rise in consumer spending and online shopping is fueling the growth of the ink resins market.
The growing demand for wood is anticipated to drive the growth of the ink resins market in the future. Wood is a natural, organic material that constitutes the structural tissue of trees and woody plants and is recognized for its versatility. Ink resins are utilized in wood coatings to enhance adhesion to the wood surface, creating a protective layer while also providing resistance to wear, moisture, and UV exposure. For instance, in December 2022, the Natural Resources Institute, a government agency in Finland, reported that total round wood usage in Finland reached 85.2 million cubic meters, marking a 9% increase compared to the previous year. Additionally, the amount of by-products and other forms of wood waste used was 27.7 million cubic meters, reflecting a 17% rise over the prior year. Consequently, the increasing demand for wood is driving the growth of the ink resins market.
The prominent trend in the ink resins market is the pursuit of product innovation. Major market players are actively engaged in developing cutting-edge products, including advancements in 3D printing and the introduction of new printing technologies like inkjet and offset, aimed at solidifying their market position. For instance, in March 2022, ALTANA introduced new high-performance resins as extensions to its existing Cubic Ink 3D printing material lines. These 'High Performance' and 'Prototyping' series offer superior flexibility, toughness, and heat resistance. The Cubic Ink materials combine attributes that enable them to serve as final components while also exhibiting process-friendly features like low viscosity and resin stability.
Leading companies in the ink resins market are concentrating on developing advanced bonding solutions, such as the TrueVIS printer line, to improve print quality and durability across various substrates. The TrueVIS printer line incorporates advanced technology that ensures exceptional color vibrancy and precision for a wide range of graphic applications. For example, in March 2022, Roland DG, a Japan-based company specializing in advanced digital fabrication technologies, including 3D printers and vinyl cutters for multiple industries, introduced six new printers. The TrueVIS series has grown to include ten inkjet printers, such as the AP-640 resin printer and new UV LED cutter models in different widths. The AP-640 utilizes TrueVIS resin water-based ink for enhanced color saturation on PVC-free media, while the LG series provides 1,200 dpi printing with touch screen control and half-face cutting. The MG series reaches a maximum resolution of 1,440 dpi, making it ideal for prototypes and flexible packaging.
In July 2022, DIC Corporation, a Japanese chemicals corporation, acquired Guangdong TOD New Materials Co., Ltd., a Chinese coating resins manufacturer and ink resins provider, in a strategic move to expand its coating resins capacity in the Asian market and tap into the customer base in China. This acquisition aims to bolster DIC Corporation's presence and capabilities in the region.
Major companies operating in the ink resin market include Lawter Inc., Evonik Industries AG, Kraton Corporation, Arakawa Chemical Industries Ltd., Arizona Chemical, DIC Corporation, Flint Group, Kimix Chemical Co. Ltd., Royal Dutch Shell, Sun Chemical, Hubergroup, PolyOne Corporation, Siegwerk Druckfarben AG & Co. KGaA, ALTANA AG, Nippon Carbide Industries, Zeller+Gmelin Corporation, Hydrite Chemical Co., Rahn AG, SICPA Holding SA, Fuzion Technologies Inc., Rutgers Organics GmbH, Eternal Materials Co. Ltd., IMERYS S.A., Technovinyl Polymers India Ltd
Asia-Pacific was the largest region in the ink resins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in ink resins market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ink resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The ink resins market consists of sales of ink resins used in ink vehicles as a printing ink binder to aid ink pigment adhesion to the substrate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ink Resin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ink resin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ink resin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ink resin market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.