Printing Inks Market Research Report and Forecast up to 2024 Printing Inks Market

Printing Inks Market - North America Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
North America Printing Inks Market: Overview
Printing inks have become an indispensable part of everyday life. They are used for
the purpose of printing in various sectors. Printing inks are pigments that are
blended with oil or varnish to achieve the desired effect. The introduction of several
new products, solutions, and services have also encouraged the growth of the North
America printing inks market in recent years. According to the research report by
Transparency Market Research, the North America printing inks market is expected
to be worth US$8.7 bn by 2024 as compared to US$5.3 bn in 2015. During the
forecast years of 2016 and 2024, the overall market is expected to expand at a
CAGR of 5.70%.
Printing inks are predominantly used in thin films and on a variety of substrates
such as metal sheets, paper, paper boards, and others. These inks are also used for
purposes such as protecting the surfaces, decorative purposes, and largely for
communicative functions as well. Printing inks are made from additives, pigments,
solvents, resins, and colorants, while the colorants are made from dyes, toners,
pigments, or combinations of all of these materials.
View Report @ http://www.transparencymarketresearch.com/north-
america-printing-inks-market.html
Oil-based Printing Inks to Enjoy Lion’s Share in Overall Market during
Forecast Period
Due to growing concerns about the environmental pollution, the North America
printing inks market is focusing on making bio-based printing inks. The demand for
printing inks is directly dependent on the prices of crude oil. Thus, the persistent
volatility of crude oil prices across the globe has had a significant impact on the
printing inks market of North America. The overall market is also being positively
impacted by the growing demand for UV-cured ink, rising population base, and
increasing consumer spending on various types of products. Out of the various
types of products, analysts anticipate that the oil-based printing segment is
expected to hold a dominant position in the overall market due to its extensive use
in commercial areas as well as for publication purposes. As of 2015, the oil-based
printing inks segment held a lion’s share of 39.9% in the North America printing inks
market in 2015.