NEW YORK, May 15, 2019 /PRNewswire/ --
Gravure Printing Inks Market - Overview
Gravure inks are fluid inks with very low viscosity.This allows
them to be drawn into engraved cells in cylinders and then
transferred onto substrates.
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In order to dry the ink and drive off the solvents or water, the
paper is run through gas fired or electric fired driers.These inks
dry before the paper reaches the next printing station on the
press.
This is necessary as wet inks cannot be overprinted without
smearing and smudging. Therefore, high volume air dryers are placed
after each printing station.
The gravure printing inks market has been gaining momentum across
the globe due to the high-quality image reproduction and low
per-unit costs offered by these inks. Gravure printing inks have
been extensively used in the packaging sector, which has been
expanding rapidly in many countries.
Of late, the gravure printing inks market has been facing stiff
competition from flexographic printing inks.Demand for flexographic
printing in several countries in North
America and Europe has
increased significantly owing to their lower ink consumption,
diminished manpower requirement, and faster changeovers.
However, gravure printing inks are still preferred printing inks
in the packaging industry.
The global gravure printing inks market has been segmented based on
resin, technology, application, and region.In terms of resin, the
market has been segregated into nitrocellulose, polyamide,
polyurethane, acrylic, and others (including polyester, maleic,
ketonic, and polyvinyl).
The nitrocellulose segment dominated the gravure printing inks
market in 2017.Nitrocellulose is a basic substance used for ink
formulations in the mono- and bi-components form.
The material is significantly used due to its advantages such as
easy drying; film forming ability; low cost; heat resistance;
solubility in alcohol-ethers mixtures, ketones, and esters; and
dilatability in hydrocarbons. It has low odor, high degree of
dimensional stability, and limited resistance to acids and
alkalis.
Based on technology, the global gravure printing inks market has
been classified into water-based, solvent-based, and others
(including UV-curable).Solvent-based gravure printing inks are
among the widely used gravure inks in the world primarily due to
their ability to dry quickly and ease of adaptation on various
substrates.
On the other hand, water-based gravure printing inks are gaining
momentum as these inks comply with several environmental
regulations.
In terms of application, the global gravure printing inks market
has been divided into packaging, publication, furniture, and others
(including wrapping paper, wallpaper, textile, and label).The
packaging segment dominated the gravure printing inks market in
2017.
Demand for gravure printing inks in the furniture segment has been
increasing substantially due to the rise in the manufacture of
products such as cabinets, ready-to-assemble (RTA) furniture, and
flooring.
Based on region, the global gravure printing inks market has been
split into North America,
Europe, Asia Pacific, Latin
America, and Middle East
& Africa.Asia Pacific is a leading consumer of gravure printing
inks in the world.
Rise in consumption of gravure printing inks in Asia Pacific can be ascribed to the increase
in demand for these inks, especially in the packaging sector.India
is one of the rapidly growing economies in the world.
Enactment of favorable government regulations and expansion of
medium and small enterprises in India have contributed significantly to the
growth of the gravure printing inks market in the country.Europe
and North America account for
large share of the global gravure printing inks market.
Expansion of the market in these regions is likely to slow down due
to the sluggish growth in end-use industries.
The report analyzes and forecasts the gravure printing inks market
at global and regional levels.The market has been forecast in terms
of volume (kilo tons) and revenue (US$ Mn) from 2018 to 2026.
The study includes drivers and restraints of the global gravure
printing inks market.It also covers the expected impact of these
drivers and restraints on the demand for gravure printing inks
during the forecast period.
The report also highlights growth opportunities for the gravure
printing inks market at the global and regional levels.
The report comprises a detailed value chain analysis, which
provides a comprehensive view of the global gravure printing inks
market.The Porter's Five Forces model for the gravure printing inks
market has also been included to help understand the competition
landscape.
The study encompasses market attractiveness analysis, wherein
segments have been benchmarked by resin, technology, and
application based on their market size, growth rate, and general
attractiveness.
The study provides a decisive view of the global gravure
printing inks market by segmenting it in terms of resin,
technology, application, and region.These segments have been
analyzed based on present and future trends.
Regional segmentation includes current and future demand for
gravure printing inks in North
America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
The study includes profiles of major companies operating in the
global gravure printing inks market.The gravure printing inks
market is dominated by large players.
Key players operating in the global market include Flint Group, DIC
Corporation, Tokyo Printing Ink MFG Co. Ltd., Sakata Inx
Corporation, Siegwerk Druckfarben Ag & Co. KGAA, Hubergroup
Deutschland GmbH, Dainichiseika Color & Chemicals Mfg. Co.,
Ltd., and Wikoff Color Corporation.
The report provides size (in terms of volume and value) of the
global gravure printing inks market for the base year 2017 and the
forecast for the period between 2018 and 2026.The size of the
global gravure printing inks market has been provided in terms of
volume and revenue.
Market numbers have been estimated based on resin, technology,
application, and region. The market size and forecast for each
resin, technology, and application segment has been provided for
the global and regional markets.
Global Gravure Printing Inks Market, by Resin
Nitrocellulose
Polyamide
Polyurethane
Acrylic
Others (including Polyester, Maleic, Ketonic, and Polyvinyl)
Global Gravure Printing Inks Market, by Technology
Water-based
Solvent-based
Others (including UV-curable)
Global Gravure Printing Inks Market, by Application
Packaging
Publication
Furniture
Others (including Wrapping Paper, Wallpaper, Textile, and
Label)
Global Gravure Printing Inks Market, by Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
U.K.
France
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East &
Africa
Key Takeaways
Extensive analysis of market trends from 2017 to 2026 to identify
opportunities and market developments
Analysis of various resins, technologies, and applications where
gravure printing inks are used
Identification of key factors responsible for building a roadmap
for upcoming opportunities for the gravure printing inks market at
the global, regional, and country levels
Comprehensive analysis with respect to investments and regulatory
scenario that would subsequently impact the outlook and forecast
for the global gravure printing inks market between 2018 and
2026
Detailed competition landscape of key players operating in the
market to understand competition level
Porters' Five Forces analysis to highlight the power of buyers and
suppliers in the market
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