Ink Additives Market Size

Ink Additives Market Growth Projections and Opportunities

Based on MRFR analysis, the global ink additives market came to be USD 1.37 billion in 2017 and is estimated to reach USD 2.06 billion by the end of 2030, with a CAGR of 5.7%, over the forecast period of 2022-2030.

The ink additives market goes through a number of external factors which constitute themselves as market dynamics. The primary factor is the changing ground in the publishing industry. The advancement of printing technologies is imminent and more and more highly specialized inks are needed to meet the requirements of various types of applications. High speed and high resolution printing have paved the way to the development of new inks and their additives. Furthermore, the transition of environmental-friendly printing practices has contributed to the growing need of bio-based and water-based ink additives.

The second irreplaceable element is the world economy. Impact of economic conditions on the overall demand for printing materials constitutes a great factor that has a direct influence on the ink additives market. Through times of economic growth, we typically observe the businesses increasing their marketing and advertising activities and hence the demand for printed materials rises and we have more ink additives. On the other hand, recessions may lead to a decrease in spending on advertising and marketing by businesses, which can influence the ink additives markets demand.

Another important market factor is regulatory environment. Tight regulations on the use of some chemicals in ink formulations are by themselves capable of causing a substantial contribution to the ink additives market. With the presence of more and more stringent environmental and safety regulations globally, ink additives manufacturers across the universe need to adjust to the changes and conform to these laws. Such modification process starts by the reformation of ink additives as long as they offer the required specifications that also contribute to optimal performance on top of production costs and market dynamics.

Besides, the price and availability of raw materials also exert a substantial effect on inks additives market. Much of the ink additives originate in the petrochemical industry, which demands adjustments in oil prices. Volatility of raw material prices may directly reflect in the production costs of ink additives, which ultimately influence the ink additive pricing in the market. At the same time, other factors such as limited availability of key raw materials, issues related to the supply chains disruptions or shortages can be a challenge for manufacturers.