Abstract
US demand to reach $4.8 billion by 2013
US demand for printing inks is forecast to increase to $4.8 billion in 2013.
Downward pricing pressures will continue to limit value growth as competition
within the industry restrains price increases. However, demand will benefit
from shifts toward more expensive energy-curable and digital inks, as well as
increased use in the large packaging market. Demand for printing ink raw
materials is projected to expand in line with ink through 2013. Additives and
colorants are expected to experience the fastest advances, reflecting demand
for better performing inks with brighter colors.
The US is forecast to maintain a favorable trade position through 2013 and
beyond, with the surplus projected to widen. Exports have increased in recent
years as a mature US market and strong competition domestically have prompted
US ink manufacturers to look abroad for sales growth. Exports of higher
quality ink will be spurred as printers in markets such as Asia and Latin
America adopt new technologies, purchase higher speed presses, and upgrade
their ink systems.
Lithographic inks to remain most widely used type
Lithographic inks will continue to be the most widely used inks in the
industry, benefitting from the strong position of lithography, which offers
advantages such as longer plate life, higher quality print performance and
lower ink consumption than other printing processes.
However, gains will be limited by competition from flexographic formulations,
particularly in packaging applications. Of the lithographic inks, web offset
types will continue to account for the majority of demand while sheetfed
offset inks are expected to register more rapid growth, reflecting increasing
demand for inks used for short-run publications, such as commercial printing
inserts and special event promotions.
Digital inks to grow fastest
Digital inks represent the fastest-growing product segment in the US printing
inks industry. Advances will be driven by improvements in digital technology,
such as print quality and speed, which will open up new applications to
digital inks. Increases also reflect a trend toward customization and shorter
run lengths in applications ranging from commercial printing of inserts and
direct mailings to the printing of specialized designs for the textile
industry. However, more rapid market penetration will be limited by the cost
of adopting the new technology, including the purchase of new equipment and
training of personnel. Additionally, runs of digital printing applications
tend to be short and, hence, the quantity of ink consumed is small relative to
conventional printing inks.
Packaging will stay largest, fastest growing market
Packaging represents both the largest and fastest-growing market for printing
inks. Gains will be fueled by growth in the flexible packaging segment, as
more advanced ink formulations are required for the brighter colors and wide
range of substrates used in this sector. Water-based and energy curable inks
will benefit from greater concern for environmental issues as well as
improvements to these formulations that make them suitable for use in an
increasingly wide range of applications. Demand will be further aided by rapid
growth in the use of digital inks in the packaging market and greater usage of
brand protection products such as security inks.
Study coverage
Printing Inks, a new Freedonia industry study, presents historical
demand data (1998, 2003 and 2008) plus forecasts for 2013 and 2018 by raw
material, product and market. The study also considers market environment
factors, assesses the industry structure, evaluates company market share data
and profiles industry competitors, including Sun Chemical, Flint Group and INX
International.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Overview
- Consumer Spending
- Manufacturing Outlook
- Retail Sales
- Printing & Publishing Overview
- Packaging Overview
- Packaging Shipments
- Packaging Materials
- Pricing & Product Mix
- Historical Market Trends
- Printing Process Overview
- Lithography
- Flexography
- Gravure
- Letterpress
- Digital
- Other
- Technology
- Environmental & Regulatory Considerations
- Alternative Inks
- Ink Recycling & Deinking Issues
- International Activity
- Foreign Trade
III. RAW MATERIALS
- General
- Printing Ink Vehicles
- Resins
- Synthetic Resins
- Natural Resins
- Oils
- Solvents
- Colorants
- Carbon Black
- Other Pigments & Dyes
- Additives
- Waxes
- Surfactants
- Other Additives
IV. PRODUCTS
- General
- Lithographic Inks
- Product Types & Formulations
- Web Offset Inks
- Sheetfed Offset Inks
- Markets
- Flexographic Inks
- Gravure Inks
- Digital Inks
- Letterpress Inks
- Product Types & Formulations
- Markets
- Other Printing Inks
- Product Types & Formulations
- Screen & Textile Inks
- All Other Inks
- Markets
V. MARKETS
- General
- Packaging
- Rigid Containers
- Rigid Container Industry Overview
- Printing Ink Demand
- Paperboard Containers
- Corrugated Boxes
- Rigid Plastic Containers
- Metal Cans
- Glass & Other Containers
- Flexible Packaging
- Flexible Packaging Industry Overview
- Printing Ink Demand
- Food Packaging
- Non-Food Packaging
- Labels
- Label Industry Overview
- Printing Ink Demand
- Retail Bags & Sacks
- Retail Bag & Sack Industry Overview
- Printing Ink Demand
- Product Types
- Product Formulations
- Commercial Printing
- Commercial Printing Industry Overview
- Printing Ink Demand
- Applications
- Product Types & Formulations
- Publication
- Periodicals
- Periodicals Industry Overview
- Printing Ink Demand
- Newspapers
- Newspaper Industry Overview
- Printing Ink Demand
- Books
- Book Industry Overview
- Printing Ink Demand
- Other Publication Markets
- Product Types & Formulations
- Other Markets
VI. INDUSTRY STRUCTURE
- General
- Market Share
- Competitive Strategies
- Research & Development
- Manufacturing
- Marketing Strategies
- Distribution
COMPANY PROFILES
- Air Products and Chemicals Incorporated
- Akzo Nobel NV
- American Inks & Coatings Incorporated
- Apollo Colors Incorporated
- Arizona Chemical Company
- BASF SE
- Braden Sutphin Ink Company
- Cabot Corporation
- Cargill Incorporated
- Central Ink Corporation
- Ciba Specialty Chemicals Holding Incorporated
- Clariant International Limited
- Cognis Deutschland GmbH & Company KG
- Cook Composites and Polymers Company, see Total SA
- DIC Corporation
- Dow Chemical Company
- Dow Corning Corporation
- DuPont (EI) de Nemours
- Eastman Chemical Company
- EFI Incorporated
- Exxon Mobil Corporation
- Flint Group
- Fujifilm Holdings Corporation
- Graphic Packaging Holding Corporation
- Handschy Industries, see Graphic Packaging
- Hexion Specialty Chemicals Incorporated
- Huber Group
- Ink Systems Incorporated
- INX International Ink, see Sakata INX
- Lubrizol Corporation
- LyondellBasell Industries AF SCA
- MeadWestvaco Corporation
- Nazdar
- Quad/Graphics Incorporated
- Rohm and Haas Company
- Sakata INX Corporation
- Sartomer Company, see Total SA
- Sensient Technologies Corporation
- SICPA Holding SA
- Siegwerk Druckfarben AG
- Silberline Manufacturing Company Incorporated
- Sun Chemical, see DIC Corporation
- Superior Printing Ink Company Incorporated
- 3M Company
- Total SA
- Toyo Ink Manufacturing Company Limited
- Van Son Holland Ink Corporation of America
- Wikoff Color Corporation
- Other Companies Mentioned in the Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- Macroeconomic Indicators
- Personal Consumption Expenditures
- Manufacturers' Shipments
- Retail Sales
- Printing & Publishing Shipments
- Packaging Shipments by Type
- Packaging Shipments by Material
- Printing Ink Pricing
- Printing Ink Market, 1998-2008
- US Foreign Trade in Printing Inks
SECTION III -- RAW MATERIALS
- Printing Ink Raw Material Consumption
- Vehicle Consumption in Printing Inks
- Resin Consumption in Printing Inks
- Process Oil Consumption in Printing Inks
- Solvent Consumption in Printing Inks
- Colorant Consumption in Printing Inks
- Carbon Black in Printing Inks
- Other Pigments & Dyes in Printing Inks
- Additive Consumption in Printing Inks
- Wax Consumption in Printing Inks
- Surfactant Consumption in Printing Inks
- Other Additives Consumption in Printing Inks
SECTION IV -- PRODUCTS
- Printing Ink Demand by Type & Formulation
- Lithographic Ink Supply & Demand
- Lithographic Ink Demand by Type & Formulation
- Web Offset Ink Demand
- Sheetfed Offset Ink Demand
- Lithographic Ink Markets
- Flexographic Ink Supply & Demand
- Flexographic Ink Demand by Formulation
- Flexographic Ink Markets
- Gravure Ink Supply & Demand
- Gravure Ink Demand by Formulation
- Gravure Ink Markets
- Digital Ink Supply & Demand
- Digital Ink Demand by Formulation
- Digital Ink Markets
- Letterpress Ink Supply & Demand
- Letterpress Ink Demand by Type & Formulation
- Letterpress Ink Markets
- Other Printing Ink Supply & Demand
- Other Printing Ink Demand by Type & Formulation
SECTION V -- MARKETS
- Printing Ink Demand by Market
- Packaging Market for Printing Inks
- Rigid Container Shipments
- Rigid Container Market for Printing Inks
- Paperboard Container Market for Printing Inks
- Corrugated Box Market for Printing Inks
- Rigid Plastic Container Market for Printing Inks
- Metal Can Market for Printing Inks
- Glass & Other Container Market for Printing Inks
- Flexible Packaging Demand
- Flexible Packaging Market for Printing Inks
- Flexible Food Packaging Market for Printing Inks
- Flexible Non-Food Packaging Market for Printing Inks
- Label Demand
- Label Market for Printing Inks
- Retail Bag & Sack Shipments
- Retail Bag & Sack Market for Printing Inks
- Packaging Ink Demand by Type
- Packaging Ink Demand by Formulation
- Commercial Printing Shipments by Process & Product
- Commercial Printing Market for Printing Inks
- Commercial Printing Ink Demand by Type & Formulation
- Publication Market for Printing Inks
- Periodicals Indicators
- Periodicals Market for Printing Inks
- Newspaper Indicators
- Newspaper Market for Printing Inks
- Book Indicators
- Book Market for Printing Inks
- Other Publication Markets for Printing Inks
- Publication Printing Ink Demand by Type & Formulation
- Other Markets for Printing Inks
SECTION VI -- INDUSTRY STRUCTURE
- Printing Ink Sales by Company, 2008
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- Printing Ink Market, 1998-2008
- World Printing Ink Market, 2008
SECTION III -- RAW MATERIALS
- Printing Ink Raw Material Consumption by Type, 2008
SECTION IV -- PRODUCTS
- Printing Ink Demand by Type, 2008
SECTION V -- MARKETS
- Printing Ink Demand by Market, 2008
SECTION VI -- INDUSTRY STRUCTURE
- US Printing Ink Market Share by Company, 2008
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