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Market research analysts at Technavio predict that the global ink additives market will grow steadily at a CAGR of close to 5% by 2021. This market research analysis identifies the high demand from the packaging industry as one of the primary growth factors for this market. With the increase in demand for flexible packaging from the consumer goods industry and the rise of technological innovations in packaging, there is an increase in the growth of the packaging industry. This is because packaging is an effective tool for marketing and promotion has a positive impact on the market. Additionally, the growing population, demand for consumer goods, and increasing purchasing power parity in developing countries are driving the demand for ink additives for sophisticated packaging applications.
One of the latest trends that will gain traction in the ink additives market in the coming years is the growing demand for eco-friendly inks. The rising environmental concerns and sustainability have led to the demand for biodegradable inks. The primary advantage of eco-friendly inks is the improved recyclability of paper as it enables efficient separation of ink from paper. Additionally, these inks are odorless and free from hazardous chemical compounds, making favorable for printing packaging materials for food and beverages.
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The ink additives market appears to be highly fragmented due to the presence of several vendors. Vendors in this market are competing based on factors such as innovation, price, operational cost, and product quality. The competitive environment in the market will further intensify during the forecast period with the increase in product extensions in terms of innovation in technology.
The leading vendors in the market are -
The other prominent vendors in the market include Allnex, Croda International, Dorf Ketal Chemicals, Elementis, Harima Chemicals Group, Honeywell International, Keim Additec Surface GmbH, MÜNZING Corporation, PolyOne Corporation, Solvay, and Shamrock Technologies.
During 2016, the packaging segment accounted for the major shares and dominated this market. Factors such as its help in enhancing the appearance of the product and for providing information regarding the product or the brand in the food industry will contribute to the growth of this industry segment in the coming years. The packaging industry uses inks for printing cartons, labels, corrugated boards, and films and will be driven by the increased demand for flexible packaging in the food industry.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increased consumption of ink additives in the rapidly growing packaging industry in emerging economies, such as Indonesia, India, and others and the growing infrastructural developments in this region and the emergence global manufacturing hubs are fueling the consumption of ink additives.
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This upcoming industry research report on the ink additives market offers insights into the key trends and emerging drivers influencing the growth of the chemicals and materials industry. Our market research reports for the chemicals and materials industry also follow an extensive data collection methodology and offer an analysis of fast growing market segments like paints, coatings, and pigments.
By considering the market forecast and size, surging demand for various inks, the market research experts at Technavio offer a complete view of the ink additives market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various paints, coatings, and pigments based on the of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the ink additives market also covers vendors like BASF, DOW Corning, Altana, Evonik, Huntsman, and Solvay.
This upcoming industry report on the ink additives market also considers the growth of the related markets such as the packaging print inks market, which is expected to project an impressive CAGR of close to 6% during the forecasted period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the ink additives market also covers geographies like Europe, North America, APAC, and ROW.
The upcoming industry research report on the ink additives market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the paints, coatings, and pigments sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as olefins and additives, adhesives, and sealants.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by production process
PART 07: Market segmentation by technology
PART 08: Market segmentation by application
PART 09: Market segmentation by geography
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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