Middle East and Africa ink resins market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to exhibit a CAGR of 5.5% in the above-mentioned forecast period and is expected to reach the USD 122.77 million by 2028. The growth of the market of water-based inks is expected to be driven by the high demand from the printing and packaging industry. The presence of sustainable raw materials in the water-based inks, which thereby emit less VOC, are some of the significant factors impacting the growth of the market. Water-based inks are used in the packaging of e-commerce products and a growth in the e-commerce industry will subsequently lead to a growth in demand for water-based inks. In Europe, e-commerce is a largely preferred retail format especially among the young shoppers who are inclined towards online shopping through their smartphones or gadgets. E-commerce and m-commerce have witnessed a rapid propagation across the globe and this has augmented the need for e-commerce packaging. A growth in the e-commerce packaging industry, it is expected to significantly drive the market in the forecast period. These factors have also impacted the growth of the ink resins market in the region.
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Key Takeaways
- The Asia-Pacific region dominates the Ink Resins Market due to the increasing investments in the packaging industry. In 2022, APRIL Group invested US$1.9 billion in a paperboard packaging mill to support Indonesia’s economic development.
- Rapidly rising demand for water-based ink technology for reducing environmental pollution has driven the growth of the Ink Resins Market.
- The increasing demand for Ink Resins in the printing & publication sector, due to its usage in the printing ink application, has been a critical factor driving the growth of the Ink Resins Market in the upcoming years.
- However, the fluctuating raw material prices and demand for Ink Resins can hinder the growth of the Ink Resins Market.
This Middle East and Africa ink resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
Market Taxonomy
By Type
- Modified Rosin
- Hydrocarbon
- Modified Cellulose
- Acrylic
- Polyamide
- Polyurethane
- Others
By Application
- Printing & Publication
- Flexible Packaging
- Corrugated Cardboards & Cartons
- Others
By Technology
- Solvent-based
- Oil-based
- Water-based
- UV-curable based
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Middle East and Africa Ink Resins Market analysis
- Chapter 3: Regional analysis of the Middle East and Africa Ink Resins Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and analysis
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The major players covered in Middle East and Africa ink resins market report are Harima Chemicals Group, Inc., BASF SE, Resinall Corp, Ingevity, OMNOVA Solutions Inc, Arakawa Chemical Industries Ltd., KRATON CORPORATION, Arkema, Evonik Industries AG, Gellner Industrial LLC, Shenghong Chemical, Meilida Pigment Industry Co.,Ltd., MHM Holding Beteiligungs Gmbh, Advanced Micro Polymers Inc., Mitsubishi Chemical Corporation., Eastman Chemical Company, DSM, Specialty Polymers, Inc, The Lubrizol Corporation, Indulor, DIC CORPORATION, Flint Group among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Middle East and Africa Ink Resins Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2029?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Middle East and Africa Ink Resins Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the Middle East and Africa Ink Resins Market?
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