Global ink additive market will reach 2 billion US dollars by 2023
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According to a market research report in "Ink Additives Market Types, Processes, Technologies, Applications and Regions - Global Forecasts to 2023", the global ink additive market is expected to reach $2 billion in 2023, from 2018 to 2023. The compound annual growth rate is expected to reach 5.2%.
The growth of the global ink additives industry is due to increased applications, advances in technology, and growing demand from Asia Pacific (mainly China, Japan, India and other Southeast Asian countries). Rapid urbanization, increased disposable income, and increasing consumer preference for simple, compact packaging are one reason why ink additives are growing in packaging*. The cost of the entire value chain is a major issue in the ink additive market.
Dispersants and wetting agents help to stabilize the suspension of the pigment in the varnish. It helps to disperse fine solid particles in the liquid phase. Pigment dispersants prevent agglomeration by weakening the forces between molecules. In order to achieve the full intensity and gloss of the color, the pigment must be evenly distributed. Fully distributed pigments help to increase shelf life stability and reduce varnishes that tend to flocculate or agglomerate.
The additives used in solvent-based technology are much less than water-based and UV-based technologies. Although many solvent-based inks are being phased out, some companies continue to use them because of the lower cost throughout the ink production process.
There are many factors that affect the overall demand of the packaging industry in the Asia Pacific region. As the beverage industry grows, such as the consumption of soft drinks, soft drinks, tea and coffee, the packaging needs of foods such as meat and seafood are also increasing. In addition, the growing demand for corrugated packaging is also affected by the rapid expansion of the e-retail industry, which is also a major factor driving the development of the ink additives market in the Asia Pacific region.