#Japan Coatings Resins Market

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Zero Friction Coatings Market: Charting the Course for Enhanced Performance and Sustainable Solutions

The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture.

Zero Friction Coatings Market Report Highlights

In 2021, molybdenum disulfide emerged as the dominant type segment by contributing around 50% of the revenue share. This is attributed to its properties such as low coefficient of friction at high loads, electrical insulation, and wide temperature range

The automobile & transportation was the dominating end-use segment accounting for a revenue share of more than 35% in 2021 due to the rapid growth of the automotive industry across the globe

The energy end-use segment is anticipated to grow at a CAGR of 5.7% in terms of revenue by 2030, owing to the excessive wear on the drill stem assembly and the well casing during the drilling operations in the oil and gas sector

In Asia Pacific, the market is projected to witness the highest CAGR of 5.8% over the predicted years owing to the presence of car manufacturing industries in the countries such as Japan, South Korea, and China

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Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmissions, oil pumps, braking systems, and others is expected to drive its demand over the forecast period.

Low friction coatings can be used in extreme environments comprising high pressure, temperatures, and vacuums. These coatings can provide improved service life and performance thereby eliminating the need for wet lubricants in environments that require chemicals, heat, or clean room conditions. The product containing molybdenum disulfide (MoS2) are suitable for reinforced plastics while those free from MoS2 are suitable for non-reinforced plastics.

Zero friction coatings are paint-like products containing submicron-sized particles of solid lubricants dispersed through resin blends and solvents. The product can be applied using conventional painting techniques such as dipping, spraying, or brushing. The thickness of the film has a considerable influence on the anti-corrosion properties, coefficient of friction, and service life of the product. Its thickness should be greater than the surface roughness of the mating surfaces.

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Japan Thermoset Plastics Market Analysis 2032

Japan thermoset plastics market is expected to observe a CAGR of 5.38% during the forecast period FY2025-FY2032, rising from USD 5,107.88 million in FY2023 to USD 8,204.15 million in FY2032F. The growth of the market can be attributed to the quick development of the utilization of engineering plastics.

By FY2032, the thermoset plastics market in Japan is anticipated to grow due to the application of thermoset plastics market in Japan, driven by the nation’s ongoing development of its bio-based phenolic resins utilizing lignin and the quick development of integrated molding technology for carbon fiber-reinforced plastic. Therefore, it’s predicted that these developments would raise the need for thermoset polymers in several industries including steel, fertilizers, and the automobile industry.

Due to Japan’s stringent waste management and recycling laws, recycling technology and sustainable thermoset polymers are developing. NIPPON STEEL Chemical & Material Co., Ltd. supplies thermoset resin materials to enhance the durability and corrosion resistance of coatings applied to industrial facilities, bridges, and pipelines. This helps increase the demand for thermoset plastics.

For instance, Mitsui Chemicals Inc. and Microwave Chemical Co., Ltd. are developing chemical recycling technology using microwaves. Microwaves, used as household ovens and telecommunications, can directly and selectively transfer energy to materials, making conventional chemical processes more energy efficient. Environmentally friendly technology can reduce CO2 emissions and generate energy from renewable sources.

Saturated polyester resins, epoxy resins, and polyurethane foam manufacturing have increased significantly in the market, indicating a persistent need for these materials. Recent business changes that may affect the direction of thermoset plastic market in the future include advancements in manufacturing technology and the emergence of eco-friendly alternatives.

For instance, Daicel Corporation, specialist in innovative thermoset plastics solutions, is serving several industries including automotive, electronics, construction, and healthcare. Automotive parts, electrical components, building materials, and medical devices employ phenolic resins, epoxy resins, and polyurethane systems. Due to its concentration on these areas, Daicel is a reliable partner for companies looking for high-performance thermoset plastics solutions. It helps to propel innovation and sustainable growth in Japan’s industrial sector.

Thermoset Plastics Revolutionize Vehicle Lightweighting in EVs

Advance development in lightweight electric vehicles (EVs) has surged Japan’s thermoset plastic market. Players in Japan’s thermoset market are collaborating to develop advanced thermoset resin molding, while companies such as Nissei Plastic aim to optimize the injection pressure, which can help manufacturers create parts with tighter tolerances and improved quality. Overall, Japan’s automotive sector shows a bigger trend towards lightweight vehicles and sustainability, which can significantly impact the EV manufacturing while increasing the demand for thermoset plastics.

For instance, Celanese Corporation has launched two new polyamide solutions for electric vehicle powertrain components and battery applications. The Frianyl PA W-series flame-retardant polyamide solutions enable the production of large, thick-walled components for EV batteries. These solutions improve safety, design, and manufacturing efficiency. Applications include battery module housings and electronic box housings. The Frianyl PA W Series solutions have an excellent relative tracking index even after 1,000 hours of aging at 125 degrees Celsius. They offer remarkable long-term color stability, without visible changes to the naked eye or color laboratory measurements.

Wind Energy Industry Fuels Japan Thermoset Plastics Market Size

Wind energy generation promotes sustainability and economic progress by accelerating income creation through sophisticated recycling techniques in the thermoset plastics market. For instance, according to the Japan Wind Power Association (JWPA), by the end of FY2023, Japan’s total installed wind power capacity reached 5,213.4 MW. Due to breakthrough methods in small-molecule assistance, it is now possible to recycle wind turbine blades with up to 100% resin degradation yield for waste composite materials. Furthermore, as Japan and other countries increase their investments in wind power, using carbon fiber composites may generate economic growth while supporting sustainability in the market.

Increasing Utilization of Epoxy in Thermoset Plastics Dominates Japan Thermoset Plastics Market

Epoxy resins are essential thermoset polymers with unique characteristics and can be used in a wide temperature range. Epoxy has the highest contribution in Japan thermoset plastics market due to increasing use of epoxy in electrical components, paintbrush manufacturing, adhesives for structural usage, metal coatings, and high-tension electrical insulators increasing the demand of epoxy in thermoset plastics market in Japan. For instance, DIC’s epoxy resin curing agent, which can withstand temperatures up to 200 degrees Celsius and is recyclable, makes it easier to remold thermoset plastics, which were previously difficult to recycle.

Adoption of Injection Molding Technology in Japan Thermoset Plastics

As per the processing type, injection molding holds dominant market share due to its increasing usage in thermoset plastics leading to chemical crosslinking and hardening of polymer. Thermoset injection molding equipment generally includes a hydraulically driven clamping device for mold closure and an injection device for conveying materials, producing thermoset plastics used in the automobile industry and medical devices. Injection moldings offer advantages such as high production efficiency, intricate design capabilities, and consistent quality, making it a favored option among manufacturers for a wide range of applications.

South Japan Become the Highest Contributor in the Market

In 2024, the southern region of Japan has the highest share in Japan thermoset plastics market, followed by the north region. Japan’s regions are expected to experience a rise in power generation sector which will fuel the advancement of thermoset plastics. Thermoset plastics are successively employed in numerous applications, significantly contributing to the efficiency and reliability of power generation processes. For instance, NIPPON STEEL Chemical & Material Co., Ltd operates manufacturing plants across Japan, including Tokyo, Osaka, and Nagoya. The company continuously develops advanced technology and production capabilities to meet the demand for thermoset plastics.

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Future Market Scenario (FY2025 – FY2032F)

As per Japan thermoset plastic market analysis, the demand for thermoset plastics will significantly increase over the forecast period, owing to rising demand from key End-use industries, including transportation, automotive, marine, aviation, power generation, oil, refinery, and others. Thermoset materials play a crucial role in the rising research and development activities for construction of wind turbine blades, solar panels, and other renewable energy infrastructure. For instance, the expansion of wind power generation capacities has expanded from 6.5 GW in FY2018 to 8.2 GW in FY2021 and solar power capacity has increased from 15.9 GW in FY2018 to 27.9 GW in FY2021. Additionally, thermoset plastics are heavily utilized for tanks, corrosion-resistant pipes, and insulation materials in the oil and refinery industries. As Japan continues to invest in infrastructure development and modernization of its oil and refinery facilities the demand for thermoset materials is expected to rise. Also, thermoset polymers are preferred within the maritime and aviation sectors because of their high strength-to-weight ratio and resistance to corrosion. Japan is predicted to become a maritime and aerospace-focused nation, which will increase demand for thermoset composites in shipbuilding, aircraft interiors, and structural components.

For instance, Daicel Corporation and Polyplastics Co., Ltd. partnered together to innovative thermoset plastic products with improved mechanical strength, flame retardancy, and heat resistance. The collaboration helps strengthen the companies’ competitive positions and differentiation in thermoset plastics market through technological leadership and product innovation, which will enhance their competitive standing in the thermoset plastics industry by means of technological leadership and product innovation.

Similarly, Microwave Chemical Co., Ltd. and Mitsui Chemicals Inc. are creating chemical recycling technology that can lower CO2 emissions and increase the energy efficiency of existing chemical operations using microwaves. The firm is engaged in the chemical recycling of plastics, including thermosetting sheet molding compound, flexible polyurethane foam, and waste from car shredders. Both businesses want to begin demonstration testing shortly following verification testing at a bench facility since early tests have yielded encouraging findings. The objective is to transform difficult plastic waste streams into premium materials that won’t sacrifice quality and are appropriate for delicate applications.

Report Scope

“Japan Thermoset Plastics Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, that provides an in-depth analysis and qualitative and quantitative assessment of the current state of Japan thermoset plastics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/japan-thermoset-plastics-market

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Isophthalic Acid Market is Booming Worldwide by Future Innovations & Trends

The isophthalic acid (IPA) market has been growing significantly, driven by increased demand across various industries, particularly in coatings, plastics, and composites. Isophthalic acid, a type of aromatic dicarboxylic acid, is widely used in manufacturing unsaturated polyester resins (UPRs), high-performance coatings, and other products that require enhanced durability and thermal resistance. Known for its exceptional chemical properties, IPA serves as an important intermediate in creating materials that demand stability and strength, such as PET bottles, marine coatings, and automotive parts.

Market Overview

The Global Isophthalic Acid Market is projected to reach approximately USD 5.0 Billion by 2033, rising from USD 3.0 Billion in 2023, with an expected CAGR of 5.3% throughout the 2023-2033 forecast period. Growth is fueled by the rising demand in industries like construction, automotive, and packaging, where materials with enhanced durability and corrosion resistance are crucial. Additionally, the ongoing push towards lightweight materials in automotive manufacturing to improve fuel efficiency is likely to boost the demand for isophthalic acid in coming years.

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Key Market Drivers

Growing Demand for Unsaturated Polyester Resins (UPRs): One of the primary applications of isophthalic acid is in the production of UPRs, which are widely used in various industries due to their durability and resistance to corrosion. UPRs made with isophthalic acid are preferred in marine environments, automotive parts, and construction materials where they provide structural strength and resistance to harsh conditions.

Increasing Use in PET Production: Isophthalic acid is also used as a co-monomer in the production of polyethylene terephthalate (PET), a highly versatile polymer used extensively in packaging, especially for beverages and food containers. The increasing demand for packaged goods globally has led to a higher consumption of PET, thereby driving the demand for isophthalic acid. The material’s chemical stability and clarity make it ideal for products that need long shelf lives and resistance to spoilage.

Growth in Coatings and Paints Industry: The coatings industry is another significant consumer of isophthalic acid. The demand for durable, weather-resistant, and corrosion-resistant coatings in industries such as automotive, construction, and marine has bolstered the need for IPA. With an increase in infrastructure projects and industrial expansion, the need for high-performance coatings that can withstand extreme environments is rising, pushing demand for isophthalic acid-based products.

Sustainability and Lightweighting Trends: The automotive industry’s shift toward lightweight materials to improve fuel efficiency has led to a rise in the use of isophthalic acid in various applications. IPA-based resins are durable, lightweight, and provide high chemical resistance, making them suitable for lightweight composites used in vehicle parts. As environmental regulations tighten around fuel efficiency and emissions, the demand for lightweight materials like those produced with isophthalic acid is expected to grow.

Regional Insights

Asia-Pacific: The Asia-Pacific region, led by countries like China, Japan, and India, dominates the global isophthalic acid market. Rapid industrialization, infrastructure development, and the booming automotive and packaging sectors are major growth drivers in this region. China is one of the largest consumers of IPA, particularly for UPR production and PET manufacturing, driven by its significant share in global manufacturing and packaging industries.

North America: In North America, the demand for isophthalic acid is also strong, with high consumption in the construction, automotive, and marine industries. The presence of established players in these industries and the increasing focus on durable and sustainable materials contribute to the steady growth of IPA in the region.

Europe: Europe’s demand for isophthalic acid is supported by its developed automotive and coatings industries. Additionally, the region’s strict environmental regulations are pushing industries toward high-performance and durable materials, including IPA-based resins and coatings. Germany, the UK, and France are some of the key consumers within the region.

Challenges in the Market

Volatility in Raw Material Prices: The price of isophthalic acid is closely tied to the cost of its primary raw materials, such as xylene. Fluctuations in crude oil prices can affect the supply chain, impacting the pricing and profitability of IPA. The reliance on petrochemical feedstocks exposes the market to price volatility, which can disrupt production and pricing stability.

Environmental and Regulatory Constraints: With a growing emphasis on reducing environmental impact, many governments are imposing stringent regulations on petrochemical-based industries. This is pushing manufacturers to explore more eco-friendly and sustainable alternatives, which could pose a challenge for traditional IPA-based products in the long term.

Substitute Materials: The rise of alternative materials like bio-based plastics and other sustainable resins is gradually shifting some demand away from petrochemical derivatives like isophthalic acid. Though alternatives are still in developmental stages, increasing investment in research and development of sustainable materials could impact the long-term growth of the IPA market.

Key Players:

o   LOTTE Chemical CORPORATION

o   The Chemical Company

o   Merck KGaA

o   Eastman Chemical Company

o   International Chemical Co. (ICC)

o   Thermo Fisher Scientific Inc.

o   Mitsubishi Gas Chemical Company Inc.

o   Formosa Chemicals & Fibre Corp.

o   Beijing Yanshan Petrochemical Company Ltd.

o   Hefei TNJ Chemical Industry Co. Ltd

o   Other Key Players

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Future Prospects and Opportunities

Innovation in Sustainable Production: As environmental concerns continue to grow, there is a rising interest in developing sustainable and bio-based alternatives for traditional petrochemical processes. Companies investing in green chemistry solutions and bio-based isophthalic acid production processes may benefit from this trend, as industries seek to reduce their carbon footprint.

Emerging Markets in Latin America and Africa: With increasing infrastructure projects and industrialization, emerging economies in Latin America and Africa represent potential growth areas for the isophthalic acid market. Expanding automotive and construction sectors in these regions could create new demand for isophthalic acid in coming years.

Growth in 3D Printing and Composite Materials: Isophthalic acid has potential applications in the 3D printing industry, which is rapidly growing and adopting new materials for creating durable, customized products. The market for composite materials, often used in aerospace and high-performance automotive applications, also presents growth opportunities for isophthalic acid, given its desirable properties in resin production.

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Synthetic Resin Coating Market to Hit $58.03 Billion by 2032

The global Synthetic Resin Coating Market was valued at USD 42.4 Billion in 2024 and it is estimated to garner USD 58.03 Billion by 2032 with a registered CAGR of 4% during the forecast period 2024 to 2032.

Global Synthetic Resin Coating Market Research Report 2024, Growth Rate, Market Segmentation, Synthetic Resin Coating Market. It affords qualitative and quantitative insights in phrases of market size, destiny trends, and nearby outlook Synthetic Resin Coating Market. Contemporary possibilities projected to influence the destiny capability of the market are analyzed in the report. Additionally, the document affords special insights into the opposition in particular industries and diverse businesses. This document in addition examines and evaluates the contemporary outlook for the ever-evolving commercial enterprise area and the prevailing and future outcomes of the market.

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The Major Players Profiled in the Market Report are:-

Chinapaint, Pretex, Xiangjiang, Maydos, PPG, Badese, Nipponpain, Shicaile, Axalta, RPM, Austre, Henkel, Carlyle, Jady, AkzoNobel, Basf, Huawang, Carpoly, Diamond, DSM, Levi, Valspar, SKShu

Synthetic Resin Coating Market 2024 covers powerful research on global industry size, share, and growth which will allow clients to view possible requirements and forecasts. Opportunities and drivers are assembled after in-depth research by the expertise of the construction robot market. The Synthetic Resin Coating Market report provides an analysis of future development strategies, key players, competitive potential, and key challenges in the industry.

Global Synthetic Resin Coating Market Report 2024 reveals all critical factors related to diverse boom factors inclusive of contemporary trends and traits withinside the worldwide enterprise. It affords a complete review of the top manufacturers, present-day enterprise status, boom sectors, and commercial enterprise improvement plans for the destiny scope.

The Synthetic Resin Coating Market document objectives to offer nearby improvement to the market using elements inclusive of income revenue, destiny market boom rate. It gives special observation and analysis of key aspects with quite a few studies strategies consisting of frenzy and pestle evaluation, highlighting present-day market conditions. to be. Additionally, the document affords insightful records approximately the destiny techniques and opportunities of worldwide players.

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Global Synthetic Resin Coating Market, By Region

1) North America- (United States, Canada, Mexico, Cuba, Guatemala, Panama, Barbados, and many others)

2) Europe- (Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium, and many others)

3) the Asia Pacific- (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam, and many others)

4) the Middle East & Africa- (Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria, and many others)

5) Latin America- (Brazil, Argentina, Colombia, Chile, Peru, and many others)

This Synthetic Resin Coating Market Research/analysis Report Contains Answers to your following Questions

What trends, challenges, and barriers will impact the development and sizing of the global market?

What is the Synthetic Resin Coating Market growth accelerator during the forecast period?

SWOT Analysis of key players along with its profile and Porter’s five forces analysis to supplement the same.

How much is the Synthetic Resin Coating Market industry worth in 2019? and estimated size by 2024?

How large is the Synthetic Resin Coating Market? How long will it keep growing and at what rate?

Which section or location will force the market and why?

What is the important thing current tendencies witnessed in the Synthetic Resin Coating Market?

Who are the top players in the market?

What and How many patents are filed by the leading players?

What is our Offering for a bright industry future?

The Research Objectives of this Report are to:-

Company, key regions/countries, merchandise and applications, historical records from 2018 to 2022, and global Synthetic Resin Coating Market till 2032. Study and analyze the market length (cost and volume).

To recognize the structure of Synthetic Resin Coating Market via way of means of figuring out its numerous subsegments.

Synthetic Resin Coating Market on the subject of the primary regions (with every essential country). Predict the cost and length of submarkets.

To examine the Synthetic Resin Coating Markets with appreciation to person boom trends, destiny prospects, and their contribution to the general market.

To examine aggressive trends consisting of expansions, contracts, new product launches, and acquisitions withinside the market.

Strategic profiling of key gamers and complete evaluation of growth strategies.

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Reasons to Buy Market Report

The market record presents a qualitative and quantitative analysis of the market based on segmentation that includes each economic and non-economic element.

Synthetic Resin Coating Market through the region. The market evaluation highlights the consumption of products/services in areas and well-known shows elements influencing the market in every region.

Synthetic Resin Coating Market. It consists of an in-depth analysis of the market from specific views via Market Porter's Five Forces Analysis and provides insights into the market via the Value Chain.

The Synthetic Resin Coating Market file provides an outline of market fee (USD) information for every segment and sub-segment.

It consists of an in-depth analysis of the market from distinct views via a 5 forces analysis of the Synthetic Resin Coating Market and offers insights into the market through the fee chain.

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Ceramic Coating Market: Detailed Insights on Size, Share, and Growth Potential

The global ceramic coating market size is anticipated to reach USD 19.20 billion by 2030 growing at a CAGR of 8.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to manufacturing various automotive parts, including manifolds, piston skirts, pistons, and cylinder heads, among others, is expected to positively impact demand over the forecast period. For example, aircraft manufacturers use ceramic-coated rods to cast the fins for a turbine engine.

Automobile manufacturers, particularly in the U.S., employ ceramic-coated filters to remove particulates from molten metal, which in turn is used to form automotive bodies and components. However, manufacturers in the Asia Pacific region largely employ the product in the production of spark and glow plugs, oxygen sensors, knocking sensors, parking distance control systems, PTC heaters, and fuel injection systems.

Ceramic Coating Market Report Highlights

Oxide form of the product dominated the market with a revenue share of 57.5% in 2023. Oxide product form is a type of industrial coating that offers a variety of benefits to the underlying surface.

Thermal spray coatings technology dominated the market with a revenue share of 75.0% in 2023. This method is particularly useful for enhancing the surface properties of various materials, making it a preferred choice in numerous industrial applications.

Industrial goods application segment dominated the market with a revenue share of 31.0% in 2023. Ceramic coatings offer a significant advantage in industrial settings due to their exceptional properties. They can withstand extremely high temperatures without degradation.

The industrial goods segment dominated the market and accounted for the largest revenue share of 31.0% in 2023. The product is used in various industries. The demand for Ceramic Coating from different industries is expected to grow during the forecast period owing to wear and temperature resistance, anti-slip properties, etc. offered by them.

Asia Pacific dominated the market segment with a revenue share of 41.9% in 2023 which is attributed to rising construction activities and growing demand from the construction sector in emerging countries, such as India, Japan, and South Korea.

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Ceramic coatings are an excellent alternative to monolithic ceramics. They protect or lubricate a material against deterioration. Market developments of ceramic coatings and associated technologies are driven by improvements in the performance and efficiency of their applications.

Ceramic coating production is a labor-intensive and highly specialized process. It requires processing silicon carbide fibers along with ceramic resin and adding a proprietary coating to manufacture the required ceramic coatings as per the company’s requirements. However, oxide ceramic coatings have reasonably lesser production costs than non-oxide ceramic coatings.

Manufacturers in the ceramic coatings market focus on product durability, long-lasting shine, and protection against environmental hazards to stay competitive. The emphasis is on innovation and sustainability, as the industry faces challenges in meeting stricter environmental regulations and adopting sustainable practices. The market players are also investing in research and development to expand their product lines and cater to the growing demand for effective protective solutions.

One specific example of a competitive product in the ceramic coatings market is Nu Finish's The Better Than Wax Ceramic Spray Coating. This product is highlighted for its long-lasting shine, durability, and competitive pricing, positioning it as one of the top spray sealants. The product's water-repellent technology and ability to prevent dirt and road grime from sticking to painted surfaces make it a competitive offering in the market.

List of Major companies of Ceramic Coating Market

Praxair Technology, Inc.  (Linde PLC)

Aremco

APS Materials, Inc.

Cetek Cermaic Technologies Ltd.

Keronite

Saint-Gobain S.A.

Element 119

NANOSHINE GROUP CORP

Ultramet

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We have segmented the global ceramic coating Market report based on product, technology, application, and region.

[industrynewsupdates]

Printing Inks Market Size, Key Companies, Trends, Growth and Forecast Report, 2028

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

Printing Inks Market Report Highlights

• The global printing inks market generated revenues worth USD 19.2 billion in 2020 and is expected to grow at an estimated CAGR of 2.8% over the prediction period

• The packaging & labels segment was the largest application segment in 2020. Changing lifestyle of consumers, rising awareness for bio-degradable products within the middle-class population in emerging countries

• Polyurethane was the fastest growing polymer for 2020 and is expected to follow the same trend during the forecast period

• Asia Pacific accounted for over 30% of the overall revenue in 2020 owing to strong presence of numerous big companies in the regions and growing demand from emerging countries

• Major market players with a global presence include DIC Corporation, Flint Group, Sakata Inkx Corporation, Altana Epple Druckfarben, Tokyo Printing Ink Mfg. Co., Ltd and Huber Group

• Governmental regulatory agencies play a crucial part in the manufacturing process of the productswith norms such as EPA Clean Air Act regarding VOC emissions in environment and REACH regulations for safer food packaging materials dominate the global industry

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global ceramic coating market size was valued at USD 11.16 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2030.

• The global nanocoatings market size was valued at USD 12.86 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2030. 

Printing Inks Market Segmentation

Grand View Research has segmented the global printing inks market on the basis of product, resins and application:

Printing Inks Product Outlook (USD Million, 2016 - 2028)

• Gravure

• Flexographic

• Lithographic

• Digital

• Others

Printing Inks Resin Outlook (USD Million, 2016 - 2028)

• Modified rosin

• Modified cellulose

• Acrylic

• Polyurethane

• Others

Printing Inks Application Outlook (USD Million, 2016 - 2028)

• Packaging & labels

• Corrugated cardboards

• Commercial printing/Publishing

• Others

Printing Inks Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o Italy

o UK

• Asia Pacific

o China

o Japan

o India

• Central & South America (CSA)

o Brazil

• Middle East & Africa

Order a free sample PDF of the Printing Inks Market Intelligence Study, published by Grand View Research.

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Printing Inks Market: Key Applications in Packaging, Commercial & Digital Printing  2021 - 2028

The global printing inks market size is expected to reach USD 23.8 billion by 2028, registering a CAGR of 2.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from end-use applications including flexible packaging & labels, corrugated cardboards, commercial letterpress, and folding cartons are the main factors expected to drive the market over the forecast period. Rise in consumer spending in Asia Pacific and North American regions, increasing demand for superior quality flexible packaging are some of the main parameters influencing the overall demand for printing inks globally.

Product innovations, technological progressions, new raw material sourcing models and expansion strategies are some of the major drifts the companies are focusing on to cater to the specific consumer requirements. The recent trends witnessed by this industry include rising significance of flexographic and digital toners, food-safe printing inks and a shift in consumer preference towards environment-friendly products.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

The regulatory framework also plays a crucial role in this industry dynamics. Stringent regulations regarding toxic metals in solvents & volatile organic compound (VOC) emissions in these inks are expected to hamper the growth of the overall market. This rationale has led to increased usage of cellulose and rosin derivatives as resins for manufacturing energy-efficient inks.

Digital ink is expected to be the fastest growing product segment owing to its superior properties and specific demands from textile, ceramic and 3D printing application sectors. The digital toners have observed a lower label costs as compared to conventional inks and its potential of switching among labels instantly have resulted in this product to be the fastest growing.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

The Central and South America automotive wrap films market size was valued at USD 165.7 million in 2024 and is projected to register a CAGR of 3.8% from 2025 to 2030. 

The global thermal insulation coating market sizewas estimated at USD 10.45 billion in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2030.

Printing Inks Market Segmentation

Grand View Research has segmented the global printing inks market on the basis of product, resins and application:

Printing Inks Product Outlook (USD Million, 2016 - 2028)

Gravure

Flexographic

Lithographic

Digital

Others

Printing Inks Resin Outlook (USD Million, 2016 - 2028)

Modified rosin

Modified cellulose

Acrylic

Polyurethane

Others

Printing Inks Application Outlook (USD Million, 2016 - 2028)

Packaging & labels

Corrugated cardboards

Commercial printing/Publishing

Others

Printing Inks Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

US

Canada

Mexico

Europe

Germany

Italy

UK

Asia Pacific

China

Japan

India

Central & South America (CSA)

Brazil

Middle East & Africa

Key Companies profiled:

Flint Group

DIC Corporation

Siegwerk Druckfarben AG & Co. KGaA

Sakata Inx Corporation

T&K TOKA Corporation

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

DEERS I CO., Ltd.

Epple Druckfarben AG

TOYO INK SC HOLDINGS CO., LTD.

Hubergroup

TOKYO PRINTING INK MFG CO., LTD.

Order a free sample PDF of the Printing Inks Market Intelligence Study, published by Grand View Research.

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Printing Inks Market Key Vendors, Manufacturers, Suppliers and Analysis Industry Report 2028

Printing Inks Industry Overview

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

However, downward pricing pressure is expected to limit the revenue growth in the printing inks market owing to the slow growth in product pricing caused by high competition within the industry. Moreover, stringent regulatory frameworks such as Federal Food, Drug, and Cosmetic Act and the U.S. Food and Drug Administration are limiting the usage, manufacturing, and distribution of various inorganic solvents and toxic metals. This, in turn, is expected to hamper the market growth over the forecast period.

Apart from crude oil derivative and inorganic pigments, which are major raw materials, the development of economical and non-toxic raw materials such as graphene, carbon, and modified celluloid is the research initiative at the forefront.  This market is strongly affected and driven by advancements in technology and processes such as ink-jet products and digital printing.

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

• The global fluorescent pigment market size was estimated at USD 377.0 million in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

• The global ceramic coating market size was estimated at USD 10.37 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030.

Global Printing Inks Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global printing inks market on the basis of product, resin, application, and region.

Product Outlook (Revenue, USD Million, 2016 - 2028)

Gravure

Flexographic

Lithographic

Digital

Others

 Resin Outlook (Revenue, USD Million, 2016 - 2028)

Modified rosin

Modified cellulose

Acrylic

Polyurethane

Others

Application Outlook (Revenue, USD Million, 2016 - 2028)

Packaging & labels

Corrugated cardboards

Publication & Commercial Printing

Others

Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

US

Canada

Mexico

Europe

Germany

Italy

UK

Asia Pacific

China

Japan

India

Central & South America (CSA)

Brazil

Middle East & Africa

Printing Inks Market Share Insight

The global ink industry is extremely competitive owing to the presence of vertically integrated key players with technologically advanced solutions & equipment and procurement & distribution channels. The industry has witnessed a strong consolidation period in different regions which include, expansions, mergers, and acquisitions, making the industry highly competitive. Some expansion strategies include Epple Druckfarben Italia S.r.I in Milan, Italy, subsidiary of Epple Druckfarben for superior quality German offset printing inks in Italy and Kansas, U.S. plant which was an expansion strategy of Sakata Inx Corporation. Major market players include:

Flint Group

DIC Corporation

Siegwerk Druckfarben AG & Co. KGaA

Sakata Inx Corporation

T&K TOKA Corporation

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

DEERS I CO., Ltd.

Epple Druckfarben AG

TOYO INK SC HOLDINGS CO., LTD.

Hubergroup

TOKYO PRINTING INK MFG CO., LTD..

Order a free sample PDF of the Printing Inks Market Intelligence Study, published by Grand View Research.

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Cross Linking Agents Market projected to reach $13.6 billion by 2028

The report "Cross Linking Agents Market by Chemistry (Amino, Amine, Amide, Aziridine, Isocyanate, Carbodiimide), Application (Decorative, Industrial (Transportation Coatings, Industrial, Protective Coatings, Marine Coatings), & Region - Global Forecast to 2028", is projected to reach USD 13.6 billion by 2028, at a CAGR of 6.5% from USD 9.9 billion in 2023.

The Cross Linking  Agent market is mainly driven by the factors including the demand for high-performance materials, increasing applications across industries, emphasis on sustainability, and advancements in technology and research.

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“Amine chemistry segment is projected to grow at third fastest CAGR, in terms of value, during the forecast period.”

Amines offer excellent cross-linking capabilities and compatibility with a wide range of polymers, making them ideal for various applications. Their strong bonding properties and ability to improve mechanical and thermal properties of materials drive their demand. Additionally, the rising focus on sustainability and the development of eco-friendly formulations using amines as cross-linking agents further contributes to the growth of this segment in the market.

“Industrial application segment is expected to lead the Cross Linking Agent market during the forecast period, in terms of value.”

The growth of the Industrial application segment in the cross-linking agents market is attributed to several key factors. Industries such as automotive, construction, electronics, and packaging demand cross-linked materials to enhance product performance and durability. Cross-linking agents provide improved mechanical properties, resistance to chemicals and weathering, and increased lifespan of industrial products. Stringent regulations and standards regarding product quality and reliability in industrial applications further drive the demand for cross-linking agents. Additionally, the growing focus on sustainable and eco-friendly solutions in the industrial sector fuels the adoption of cross-linking agents that offer reduced environmental impact. These factors collectively contribute to the rapid growth of the Industrial application segment in the cross-linking agents market.

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“Asia Pacific is expected to be the fastest growing market for Cross Linking Agents during the forecast period, in terms of value.”

The region's robust industrial and manufacturing sectors, particularly in countries like China, India, and Japan, drive the demand for cross-linking agents across various industries such as automotive, construction, electronics, and packaging. Moreover, rapid urbanization, infrastructure development, and increasing disposable incomes in the region contribute to the rising demand for high-performance materials that utilize cross-linking agents. Additionally, favorable government initiatives, investments in research and development, and a shift towards eco-friendly and sustainable solutions further stimulate the market's growth in the Asia Pacific region, solidifying its position as the largest and fastest-growing market for cross-linking agents.

New product launches, acquisitions, investments, and expansions are the major growth strategies adopted by the key players in the market. The key global players in the Cross Linking Agents market include BASF SE (Germany), Covestro AG (Germany), Allnex Group (Germany), Evonik Industries (Germany), Hunstman Corporation (US), Aditya Birla Corporation (India), Wanhua Chemicals Group Co. Ltd (China), The Dow Chemical Company (US), DSM Coatings Resins (China), and Ineos (UK).