(MENAFN- America News Hour) In a recently published report, Global Ink Resin Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Ink Resin Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Ink Resin Market is valued approximately USD 3.4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2019-2026. Ink resins are used in the manufacturing of printing inks. These inks are utilized in dispersions and pigments of the inks for changing the property of end use products. These ink resins are raw material that expose substantial physical characteristics to printing inks. These characteristics include viscosity, gloss, increase in pigment drenching, and strong pigment adhesion. The packaging industry is the foremost customer of printing inks and ink resins are utilized in the production of all types of printing inks. Thus, increasing need for printing inks in the packaging industry is anticipated to propel the global ink resins market during the forecast period. Apart from this, environmental protection legislations and new ink resin technologies are also contributing towards market growth. Furthermore, collaboration between printing ink manufacturers and ink resin manufacturers is expected to create significant growth opportunity in the market over the forecast period. However, price rise of ink resin feedstock impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Ink Resin market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to witness steady growth owing to the growing food & beverage industry. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing demand for printing inks in the packaging industry, growing trend of online shopping and packaged food items would create lucrative growth prospects for the Ink Resin market across Asia-Pacific region.
Major market player included in this report are:
Lawter B.V.
BASF SE
Royal Dsm N.V.
The Dow Chemical Company
Arizona Chemical
Evonik Industries
Arakawa Chemical Industries, Ltd
Hydrite Chemical Co.
Indulor Chemie Gmbh
IGM Resins, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By resin type:
Modified Rosin
Hydrocarbon
Modified Cellulose
Acrylic
Polyamide
Polyurethane
Others
By technology:
Solvent-based
Oil-based
Water-based
UV-curable based
By application:
Printing & Publication
Flexible Packaging
Corrugated Cardboards & Cartons
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Ink Resin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
About Kenneth Research
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