Global Inkjet Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Inkjet Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ink comprises of a base carrier (water, oil or solvent), a colourant (dye or pigment) and small amounts of chemical additives to provide some unique characteristics.

Inkjet ink is an ink used for inkjet printing. inkjet printing refers to recreating digital images by ejecting ink drops onto paper and plastic substrates.

Market Overview:

The latest research study on the global Inkjet Inks market finds that the global Inkjet Inks market reached a value of USD 2175.88 million in 2022. It’s expected that the market will achieve USD 4762.0 million by 2028, exhibiting a CAGR of 13.94% during the forecast period.

Adaptability to different materials will continue to increase

Inkjet printing can indeed achieve very high print quality, but it needs to be matched with a suitable printing medium. For example, on ordinary copy paper with a large amount of use, the quality of inkjet printing is not as good as laser printing. Therefore, this weakness greatly limits the application range of inkjet printing. Currently, UV-curable inks, EB-curable inks, and UV-LED inks have the ability to dry instantly, making them more adaptable to different printing media. This will promote the development of inkjet ink to a certain extent.

Inkjet Inks user will continue to increase

As inkjet printing is more widely used, more users with different needs will join the inkjet user base. For example, office printing and photo studio output, their quality requirements are quite different. In order to better serve users and create more profit growth points, it has become increasingly important to develop affordable ink and printing equipment for different user groups. As the user base of inkjet inks continues to expand, this will be an important opportunity for the future development of inkjet inks.

Increased demand in Asia Pacific

The Asia Pacific region offers many opportunities based on lower manufacturing costs and lower labor costs. This makes it an ideal location for establishing mass production plants in the Asia Pacific region. In addition, the increasing popularity of advanced technologies and the development of industrialization are driving demand for innovative tools such as inkjet printers in the region. Thus, increasing the market demand for inkjet inks.

Increasing downstream demand

Inkjet printers have commercial and industrial applications. Industrial applications include textile printing, industrial glass decorative flooring and building materials, ceramics, display production, electronics, 3D printing, and more. At present, the application of inkjet printers in the textile industry has huge growth prospects. The product's inherent flexibility has attracted the attention of leading printing equipment vendors, prompting them to invest in new printing systems. As the downstream demand of inkjet printers continues to increase, the use of inkjet inks is becoming more and more widespread.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Inkjet Inks market and is expected to become the largest region by 2028.

Company Overview:

Sun Chemical is one of the major players operating in the Inkjet Inks market, holding a share of 28.22% in 2023.

Sun Chemical

Sun Chemical is the world's largest producer of printing inks and pigments and is located in Parsippany-Troy Hills, New Jersey. It was founded in 1929. Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials.

TOYO INK

Toyo Ink started business in the United States in 1976. Since that time, Toyo Ink America has grown to four business divisions within the U.S. Today, Toyo Ink America has a wide variety of products including printing inks, colorants and functional materials.

Segmentation Overview:

By type, Solvent-based segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Commercial Printing segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Inkjet Inks market covered in Chapter 3:

TOYO INK
INX International
Nazdar
Edge Colours
Sun Chemical
DuPont
Sun Chemical
Splashjet
Hilord Chemical Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Inkjet Inks market from 2018 to 2029 is primarily split into:

Water-based
Oil-based
Solvent-based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Inkjet Inks market from 2018 to 2029 covers:

Industrial Printing
Commercial Printing

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)