The solvent-based printing inks market effectively consists of sales of solvent-based printing inks and related services utilized to introduce 3D printed objects and banners. The Solvent-based inks are pigment inks which are amalgamated with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and several others which are waterproof and ultra-violet (UV) harmless. They are comparatively inexpensive and allow printing on flexible, uncoated vinyl substrates, which are utilized to introduce vehicle graphics, billboards, 3D printed objects, banners and adhesive decals.
According to the report analysis, ‘Solvent-Based Printing Inks Global Market Report 2020’ states that in the solvent-based printing inks global market there are numerous corporate which presently operating more significantly for leading the highest market growth and registering the handsome value of market share around the globe during the short span of time while analyzing the strategies of the competitors as well as government, delivering the better consumer satisfaction, increasing the applications of the solvent-based printing inks, decreasing the linked prices, employing the young work force, implementing the profitable strategies, and increasing the applications of such includes Tokyo Printing Ink Mfg.Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Lawter Inc., Yansefu Inks, Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Sakata INX Corporatio and several others.
The worldwide solvent-based printing inks market was valued at nearly USD 10.77 billion in 2019 and is projected to grow to USD 12.43 billion at a CAGR of 3.60% through 2023.
The Western Europe was the greatest region in the solvent-based printing inks market. This region is projected to remain the largest throughout the next five years. The solvent-based printing inks market in South America is predicted to register the greatest CAGR throughout 2018-2023.
The 3D technology will be a driver of the solvent-based printing inks market throughout the forecast duration. With an increase in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is projected to be a high requirement for 3D printing inks likewise solvent-based inks. Dissimilar 2D inks which are proposed for the fabrication of planar surfaces, 3D inks are intended for the building of volumetric constructs and devices. For instance, during April 2018, researchers at Dartmouth College advanced a smart ink that turns 3D-printed structures into the objects that can change shape and color. The ink focuses to add even more functionality to 3D printing. Likewise, during June 2018, scientists at the Georgia Institute of Technology, Atlanta, advanced a novel ink, which, when amalgamated with a fresh method of printing and with fluctuating lighting, hardens with the 3D printing object.
The Solvent-based printing ink entities are introducing thermal inkjet inks to furnish to the increasing demand. Thermal inkjet printing persuades the ejection of the ink droplet by superheating a small section of a solvent-based ink. Recompenses of thermal inkjet printing involve the better performance, lower costs and ink versatility, expressly in photo printing applications. For instance, the Collins Inkjet has developed a new solvent-based TIJ ink, Stratus, during August 2016. It has augmented dot control, decap time, and optical density. Therefore, in the near duration, it is predicted that the market of solvent based printing inks will increase around the globe more effectively.
For More Information, click on the link below:-
Ankur Gupta, Head Marketing & Communications