Synthetic Ink Resins Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
Looking forward to the period between 2023 to 2033, the Synthetic Ink Resins Market is expected to undergo significant transformations, driven by changes in demand across various sectors. As industries become more focused on sustainability, there is a growing need for eco-friendly ink resins that align with environmental regulations. The increasing emphasis on reducing carbon footprints is likely to accelerate the demand for resins made from renewable resources and those that can be recycled more efficiently. Moreover, the rise of e-commerce and the continued growth in packaging applications are expected to further drive the market.
The global push for digitization, particularly in the packaging sector, is another factor that will influence market demand. Digital printing techniques are gaining traction for their ability to reduce production costs and time, allowing for shorter production runs and customization. As a result, the demand for synthetic ink resins that work efficiently with digital printers is set to grow. With this trend, there is also a shift towards inks that offer improved flexibility, better adhesion to diverse substrates, and vibrant color performance.
Technological innovation in the field of synthetic resins is anticipated to play a significant role in shaping the market during the next decade. Manufacturers are focusing on developing next-generation resins with enhanced properties such as UV resistance, water resistance, and improved curing mechanisms. These advances are expected to provide better performance for specialized printing applications, including flexible packaging, textiles, and labeling.
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The Synthetic Ink Resins Market has seen a substantial evolution from 2018 to 2022, witnessing a steady rise in demand driven by the increasing need for durable and high-quality printing solutions. Synthetic ink resins are crucial components in the formulation of inks used in various industries such as packaging, publishing, and labeling. These resins offer superior adhesion, fast drying times, and excellent print quality, making them the preferred choice for modern ink formulations. With technological advancements and the growing emphasis on sustainability, the market saw a surge in the production and consumption of eco-friendly resins during this period. Factors such as the rise in consumer demand for packaged goods and the increasing adoption of digital printing also contributed to the growth of the market during 2018-2022.
BASF SE
DowDuPont
Lawter B.V
Indulor Chemie Gmbh
Kraton Corporation
Evonik Industries
Arakawa Chemical Industries
IGM Resins
Hydrite Chemical
Royal Dsm
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Synthetic Ink Resins Market
Flexible Packaging
Corrugated Cardboard & Folding Cartons
Printing & Publications
Based on Types the Market is categorized into Below types that held the largest Synthetic Ink Resins market share In 2023.
Modified Rosin
Hydrocarbon
Acrylic
Polyamide
Polyurethane
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Synthetic Ink Resins Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Synthetic Ink Resins Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Synthetic Ink Resins Market, By Type
6. Global Synthetic Ink Resins Market, By Application
7. Global Synthetic Ink Resins Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Synthetic Ink Resins Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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