The global inkjet resins market is set to show expansive growth by 2024.
In a press release it was reported that the “rising demands for printing inks from the end user industries is expected to drive the ink resins market”, and that there would be a high demand from the “printing and application segment of ink resins in the next few years”.
The raw material supply is also expected to fuel the growth of the market, which is why companies are “forming long-term agreements” with the suppliers to secure future resources, and this applies to ink resin manufacturers as well, who are in contracts with “end users of these resins”, which will also support the market growth. Additionally, research and development working on new ink technologies will most likely increase the market.
«Based on technology” the market can be divided into “solvent-based inks, water-based inks, oilbased inks, U cured inks and others”. On the downside, “rising raw material prices and their volatility” are expected to impede the ink resins market’s growth, the press release revealed, and that, coupled with the raw material industry on the “verge of consolidation that enhances the bargaining power of suppliers and negatively affects the market growth”.
The release also said: “End-use industries of ink resins grow in line with the economic development across [the] globe and hence, geopolitical issues affect the growth in particular regions and have effects on the global ink resins market. Increasing demand for water-based inks is anticipated to provide immense opportunities for the players in the market. Additionally, printing of materials used in [the] packaged food industry is expected to indirectly provide [an] opportunity for [the] ink resins market”.
Details:http://www.therecycler.com/posts/inkjet-resins-market-growing/
