The water-based printing inks market proficiently consists of sales of water-based printing inks and connected services used for the printing on fabric and paper. Water-based printing inks are mentioned to as aqueous inks and are peroxide and pigment inks. They are not the waterproof and diminish in UV light. The usage of water-based printing inks has been restricted owing to compatibility with substrate materials, but they are efficaciously used in several applications involving printing on fabric, paper, and some plastics.
According to the report analysis, ‘Water-Based Printing Inks Global Market Report 2020’ states that in the water-based printing inks global market there are several corporates which presently functioning more effectively for leading the highest market growth and registering the handsome value of market share around the globe during the inflowing years while decreasing the linked prices, improving the specifications of the water-based printing inks, delivering the better consumer satisfaction, implementing the profitable strategies, analyzing and studying the strategies and policies of the government as well as competitors, employing the young work force and increasing the specifications of the production technologies includes Flint Group, Huber Group, Sakata Inx, Siegwerk Druckfarben Ag & Co. Kgaa, Dic Corporation, Toyo Ink Sc Holdings Co., Ltd., Dow Corning Corporation, Evonik Industries Ag, T & K Toka Co., Ltd., The Sherwin-Williams Company and several others.
The worldwide water-based printing inks market was worth USD 5.16 billion in 2019. It is predicted to increase at a compound annual growth rate (CAGR) of 7% and reach USD 6.72 billion by 2023. Whereas, the Western Europe water-based printing inks market was greatest market in 2019. It is projected to increase at a compound annual growth rate (CAGR) of 0.03%.
The 3D technology will be a driver of the printing inks market throughout the forecast period. With an augment in worldwide interest in 3D printing technology from customers, researchers, and industrial production, there is projected to be a high requirement for 3D printing inks. Dissimilar 2D inks which are envisioned for the fabrication of planar surfaces, 3D inks are proposed for the fabrication of volumetric constructs and devices. Throughout April 2018, researchers at Dartmouth College improved a smart ink that turns 3D-printed structures into objects that can transform the shape and color. The ink focuses to add even more functionality to 3D printing. Similarly, during June 2018, scientists at the Georgia Institute of Technology, Atlanta, improved a novel ink, which, when amalgamated with a fresh method of printing and with fluctuating lighting, hardens with the 3D printing object
Many entities in the printing inks market are transforming from producing of petroleum-based printing inks to producing of environmentally friendly printing inks (green printing inks). Unlike the petroleum-based printing inks, green printing inks do not comprise heavy metals or several other dangerous and toxic substances, therefore they do not cause unnecessary pollution in the landfill. The Green printing inks are based on supportable materials such as soy and several other plant based origins, which are more supportable than petroleum. Examples of green printing inks involve water-based and oil-based printing inks. The usage of green printing inks results in a deduction of volatile organic compounds (VOC) released throughout the printing process. Foremost players in the printing inks market such as DIC Corporation, Flint Group, Sakata Inx and several others are delivering the green printing inks as part of their offerings. Therefore, in the coming future, it is predicted that the market of water-based printing inks will increase around the globe more effectively over the inflowing duration.
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Ankur Gupta, Head Marketing & Communications