“The report covers the global ink additives market and further segments the market on the basis of type, process, application, and region. The market data for these types is given with respect to volume (kilotons) and value ($million). The global market value of ink additives was estimated to be about $629.02 million in 2013 and is projected to grow at a CAGR 5.78% between 2014 and 2019. The data mentioned in the report are based on the global demand for ink additives.
The ink additives market has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, ink additive producers, printing ink manufacturers, and end-user industries. The value chain describes the key contributors to the ink additives market at different stages from product development to end use. It represents the top players which are contributing to the global ink additives industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for ink additives in Asia-Pacific especially in China and India where there is robust growth in the food and beverage packaging followed by graphics market and online retail industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the printing inks in the past made the market more strained for the printing ink applications.
The global ink additives market is also classified based on different applications. The important applications include flexible packaging, folding cartons, corrugated cardboard, promotion, and others. The corrugated cardboard and flexible packaging applications are expected to show moderate growth in the future due to the advancements in the trend of online shopping.
The key companies in this market are Alatana AG (Germany), Air products (U.S.), BASF SE (Germany), Eastman Chemical Company (U.S.), Evonik TEGO (Germany), Elementis PLC (U.K.), Huntsman Corporation (U.S.), Lawter (U.S.) , Munzing Corporation (Germany), Shamrock Technologies (U.S.), and The Dow Chemical Company (U.S.). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product development and acquisitions were the most preferred strategies by the top players in 2013 that were driving the demand of ink additives. Their strategy to capture the untapped market in developing economies includes expansion, partnership and investments.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 45% of the global demand in terms of market share in 2013. China is the leading country in the consumption of ink additives, due to the increased demand of the printing inks from the packaging industry. The important emerging economies such as Brazil, India, Thailand, Indonesia, and others are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments & expansions, new product launches, partnerships, agreements & collaborations undertaken by the leading ink additive companies in the past few years. Furthermore, different ink additives market participants are also profiled in the report.
Scope of the report
The report segments the global ink additives market as:
The global ink additives market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of chemistry type:
• Slip & Rub Additive
• Defoamers
• Plasticizers
• Others (dispersants, wetting agents and driers)
On the basis of process:
• Lithographic
• Flexographic
• Gravure
• Digital and others
On the basis of application:
• Flexible packaging
• Corrugated cardboard
• Publication
• Promotion
• Others
On the basis of region:
• North America
• Europe
• Asia-Pacific
• RoW
”
“TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 18
1.3 MARKET SCOPE 18
1.3.1 REGIONAL SCOPE 18
1.3.2 MARKETS COVERED 18
1.3.3 YEARS CONSIDERED IN THE REPORT 19
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key Data from Secondary Sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key Data from Primary Sources 22
2.1.2.2 Key Industry Insights 23
2.1.2.3 Breakdown of Primaries 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 27
2.4.1 ASSUMPTIONS 27
2.4.2 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN INK ADDITIVES MARKET 31
4.2 INK ADDITIVE MARKET – MAIN APPLICATIONS 32
4.3 INK ADDITIVE MARKET IN THE ASIA-PACIFIC REGION 33
4.4 INK ADDITIVE MARKET SHARE, BY REGION 34
4.5 INK ADDITIVE MARKET: BY TECHNOLOGY, 2019 35
4.6 INK ADDITIVES MARKET: BY APPLICATION, BY VALUE, 2019 36
4.7 INK ADDITIVES MARKET SHARE (VALUE), BY TYPE, 2019 37
4.8 INK ADDITIVES MARKET, DEVELOPED VS. DEVELOPING NATIONS, 2014 VS.2019 38
4.9 INK ADDITIVES MARKET: GROWING DEMAND FROM ASIA–PACIFIC IS DRIVING THE MARKET GROWTH ( 2014 VS 2019) 39
4.10 LIFE CYCLE ANALYSIS, BY REGION 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 42
5.1.1 HISTORY OF ADDITIVES & THEIR APPLICATION FOR INK FORMULATION 42
5.2 MARKET SEGMENTATION 43
5.2.1 MARKET SEGMENTATION: BY TYPE 43
5.2.2 ADDITIVE BY PROCESS 43
5.2.3 ADDITIVE BY END USE 44
5.2.4 ADDITIVE BY TECHNOLOGY 44
5.3 MARKET DYNAMICS 45
5.3.1 DRIVERS 46
5.3.1.1 Development of Multipurpose Additive 46
5.3.1.2 Growing Demand for Printing Inks from The Packaging Industry 46
5.3.1.3 Rising Demand for Green and Environment Friendly Products 46
5.4 RESTRAINTS 47
5.4.1.1 Changing Regulatory Environment 47
5.4.1.2 Shifting Market from Print to Digital Media 48
5.4.1.3 Need for Labeling of Printing Inks 48
5.4.2 OPPORTUNITIES 48
5.4.2.1 Potential for Green Products 48
5.4.2.2 Rising Demand from Asian Countries, Especially India and China 49
5.4.2.3 Flexible Packaging and Graphic Art Market – Attractive Prospects for Ink Additives 49
5.4.2.4 Strong Growth in Ink-Jet Segment 50
5.4.3 CHALLENGES: 50
5.4.3.1 Unstable Prices and Supply of Raw Material 50
6 INDUSTRY TRENDS 52
6.1 VALUE CHAIN ANALYSIS 52
6.2 PRICING AND COST ANALYSIS 53
6.3 PORTER’S FIVE FORCES ANALYSIS 54
6.3.1 THREAT OF NEW ENTRANTS 55
6.3.2 THREAT OF SUBSTITUTES 55
6.3.3 BARGAINING POWER OF BUYERS 55
6.3.4 BARGAINING POWER OF SUPPLIERS 56
6.3.5 DEGREE OF COMPETITION 56
7 INK ADDITIVE MARKET ANALYSIS, BY ADDITIVE TYPE 57
7.1 INTRODUCTION 58
7.2 SLIP & RUB MATERIALS 60
7.3 PLASTICIZERS 61
7.4 DEFOAMER & ANTI-FOAMERS 62
7.5 OTHERS 64
7.5.1 RHEOLOGY MODIFIERS 64
7.5.2 DRIERS 64
7.5.3 DISPERSANT 64
7.5.4 WETTING AGENT 65
8 INK ADDITIVE MARKET ANALYSIS, BY ADDITIVE TECHNOLOGY 67
8.1 INTRODUCTION 68
8.2 WATERBORNE TECHNOLOGY 69
8.3 SOLVENT BORNE TECHNOLOGY 71
8.4 OTHERS INK TECHNOLOGY 72
9 INK SOLVENTS MARKET, BY PROCESS 74
9.1 INTRODUCTION 75
9.2 LITHOGRAPHIC PROCESS 77
9.3 GRAVURE PROCESS 78
9.4 FLEXOGRAPHIC PROCESS 80
9.5 DIGITAL INK & OTHERS PROCESS 81
10 INK ADDITIVES MARKET, BY APPLICATION 83
10.1 INTRODUCTION 84
10.2 FLEXIBLE PACKAGING 85
10.3 CORRUGATED CARDBOARD & FOLDING CARTONS 87
10.4 PUBLICATION 88
10.5 PROMOTION 89
10.6 OTHERS 90
11 INK ADDITIVES MARKET, BY REGION 92
11.1 INTRODUCTION 93
11.2 NORTH AMERICA 96
11.2.1 U.S. 101
11.2.2 CANADA 102
11.2.3 MEXICO 103
11.3 EUROPE 104
11.3.1 GERMANY 109
11.3.2 FRANCE 109
11.3.3 ITALY 110
11.3.4 OTHERS 110
11.4 ASIA-PACIFIC 111
11.4.1 CHINA 117
11.4.2 JAPAN 117
11.4.3 INDIA 118
11.4.4 OTHERS 119
11.5 ROW 119
11.5.1 RUSSIA 123
11.5.2 BRAZIL 124
11.5.3 OTHERS 125
12 COMPETITIVE LANDSCAPE 126
12.1 OVERVIEW 126
12.2 COMPETITIVE SITUATION AND TRENDS 127
12.3 MARKET SHARE ANALYSIS OF THE PRINTING INKS MARKET 130
12.4 COMPETITIVE SITUATION AND TRENDS 131
12.4.1 NEW PRODUCT LAUNCHES 131
12.4.2 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES 132
12.4.3 MERGERS & ACQUISITIONS 133
12.4.4 INVESTMENT AND EXPANSION 134
13 COMPANY PROFILES 136
(Overview, Financial*, Products & Services, Strategy, and Developments)
13.1 AIR PRODUCTS 138
13.2 ALTANA AG 141
13.3 BASF SE 145
13.4 DOW CORNING CORPORATION 148
13.5 ELEMENTIS PLC 151
13.6 EVONIK INDUSTRIES 154
13.7 HUNTSMAN CORPORATION 157
13.8 LAWTER B.V. 160
13.9 SHAMROCK TECHNOLOGIES 162
13.10 MUNZING CORPORATION 165
*Details might not be captured in case of unlisted companies
14 APPENDIX 168
14.1 INSIGHTS OF INDUSTRY EXPERTS 168
14.2 DISCUSSION GUIDE 169
14.3 RELATED REPORTS 172
“
“LIST OF TABLES
TABLE 1 INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 (KILOTONS) 59
TABLE 2 INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 59
TABLE 3 SLIP & RUB MATERIALS MARKET SIZE IN INK ADDITIVES MARKET, BY REGION, 2012–2019 (KILOTONS) 60
TABLE 4 SLIP & RUB MATERIALS MARKET SIZE IN INK ADDITIVES MARKET, BY REGION, 2012–2019 ($MILLION) 61
TABLE 5 PLASTICIZER MARKET SIZE IN INK ADDITIVES, BY REGION,
2012–2019 (KILOTONS) 62
TABLE 6 PLASTICIZER MARKET SIZE IN INK ADDITIVES, BY REGION,
2012–2019 ($MILLION) 62
TABLE 7 DEFOAMER & ANTI-FOAMERS MARKET SIZE IN INKS ADDITIVES MARKET,
BY REGION, 2012–2019 (KILOTONS) 63
TABLE 8 DEFOAMER & ANTI-FOAMERS MARKET SIZE IN INK ADDITIVES MARKET,
BY REGION, 2012–2019 ($MILLION) 63
TABLE 9 OTHERS IN INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 (KILOTONS) 65
TABLE 10 OTHERS IN INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 66
TABLE 11 PRINTING INK ADDITIVE MARKET SIZE, BY TECHNOLOGY, 2012–2019 (KILOTONS) 69
TABLE 12 INK ADDITIVE MARKET SIZE, BY TECHNOLOGY, 2012–2019 ($MILLION) 69
TABLE 13 WATERBORNE INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 (KILOTONS) 70
TABLE 14 WATERBORNE INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 70
TABLE 15 SOLVENT BORNE INK ADDITIVE MARKET SIZE, BY REGION,
2012–2019 (KILOTONS) 71
TABLE 16 SOLVENT BORNE INK ADDITIVE MARKET SIZE, BY REGION,
2012–2019 ($MILLION) 71
TABLE 17 OTHER INK ADDITIVE MARKET SIZE, BY REGION, 2012–2019 (KILOTONS) 72
TABLE 18 OTHER INK ADDITIVE MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 73
TABLE 19 INK ADDITIVE MARKET SIZE IN THE PRINTING INK MARKET, BY PROCESS,
2012–2019 (KILOTONS) 76
TABLE 20 GLOBAL INK ADDITIVE MARKET SIZE, BY PROCESS, 2012–2019 ($MILLION) 76
TABLE 21 LITHOGRAPHIC PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 (KILOTONS) 77
TABLE 22 LITHOGRAPHIC PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 ($MILLION) 77
TABLE 23 GRAVURE PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 (KILOTONS) 78
TABLE 24 GRAVURE PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 ($MILLION) 79
TABLE 25 FLEXOGRAPHIC PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 (KILOTONS) 80
TABLE 26 FLEXOGRAPHIC PROCESS IN THE INK ADDITIVE MARKET, BY REGION,
2012–2019 ($MILLION) 80
TABLE 27 DIGITAL INK & OTHERS PROCESS IN THE INK ADDITIVE MARKET,
BY REGION, 2012–2019 (KILOTONS) 81
TABLE 28 DIGITAL INK & OTHERS PROCESS IN THE INK ADDITIVE MARKET,
BY REGION, 2012–2019 ($MILLION) 81
TABLE 29 INK ADDITIVE MARKET SIZE IN PRINTING INK MARKET, BY APPLICATION,
2012–2019 (KILOTONS) 84
TABLE 30 INK ADDITIVE MARKET SIZE IN PRINTING INK MARKET, BY APPLICATION,
2012–2019 ($MILLION) 85
TABLE 31 INK ADDITIVE MARKET SIZE IN FLEXIBLE PACKAGING, BY REGION,
2012–2019 (KILOTONS) 86
TABLE 32 INK ADDITIVE MARKET SIZE IN FLEXIBLE PACKAGING, BY REGION,
2012–2019 ($MILLION) 86
TABLE 33 INK ADDITIVE MARKET SIZE IN CORRUGATED CARDBOARD & FOLDING CARTONS, BY REGION, 2012–2019 (KILOTONS) 87
TABLE 34 INK ADDITIVE MARKET SIZE IN CORRUGATED CARDBOARD & FOLDING CARTONS, BY REGION, 2012–2019 ($MILLION) 87
TABLE 35 INK ADDITIVE MARKET SIZE IN PUBLICATION, BY REGION, 2012–2019 (KILOTONS) 88
TABLE 36 INK ADDITIVE MARKET SIZE IN PUBLICATION, BY REGION, 2012–2019 ($MILLION) 89
TABLE 37 INK ADDITIVE MARKET SIZE IN PROMOTION, BY REGION, 2012–2019 (KILOTONS) 89
TABLE 38 INK ADDITIVE MARKET SIZE IN PROMOTION, BY REGION, 2012–2019 ($MILLION) 90
TABLE 39 OTHER INK ADDITIVE MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2012–2019 (KILOTONS) 90
TABLE 40 OTHER INK ADDITIVE MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2012–2019 ($MILLION) 91
TABLE 41 INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 (KILOTONS) 95
TABLE 42 INK ADDITIVES MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 95
TABLE 43 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY COUNTRY,
2012–2019 (KILOTONS) 97
TABLE 44 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 97
TABLE 45 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 (KILOTONS) 97
TABLE 46 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 98
TABLE 47 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY,
2012–2019 (KILOTONS) 98
TABLE 48 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY
2012–2019 ($MILLION) 99
TABLE 49 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY APPLICATION,
2012–2019 (KILOTONS) 99
TABLE 50 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 100
TABLE 51 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY PROCESS,
2012–2019 (KILOTONS) 101
TABLE 52 NORTH AMERICA: INK ADDITIVES MARKET SIZE, BY PROCESS,
2012–2019 ($MILLION) 101
TABLE 53 U.S.: INK ADDITIVES MARKET SIZE, 2012–2019 102
TABLE 54 CANADA: INK ADDITIVES MARKET SIZE, 2012–2019 103
TABLE 55 MEXICO: INK ADDITIVES MARKET SIZE, 2012–2019 103
TABLE 56 EUROPE: INK ADDITIVES MARKET SIZE, BY COUNTRY, 2012–2019 (KILOTONS) 105
TABLE 57 EUROPE: INK ADDITIVES MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 105
TABLE 58 EUROPE: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 (KILOTONS) 105
TABLE 59 EUROPE: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 106
TABLE 60 EUROPE: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY, 2012–2019 (KILOTONS) 106
TABLE 61 EUROPE: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY, 2012–2019 ($MILLION) 107
TABLE 62 EUROPE: INK ADDITIVES MARKET SIZE, APPLICATION, 2012–2019 (KILOTONS) 107
TABLE 63 EUROPE: INK ADDITIVES MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 107
TABLE 64 EUROPE: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 (KILOTONS) 108
TABLE 65 EUROPE: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 ($MILLION) 108
TABLE 66 GERMANY: INK ADDITIVES MARKET SIZE, 2012–2019 109
TABLE 67 FRANCE: INK ADDITIVES MARKET SIZE, 2012–2019 109
TABLE 68 ITALY: INK ADDITIVES MARKET SIZE, 2012–2019 110
TABLE 69 OTHERS*: INK ADDITIVES MARKET SIZE, 2012–2019 110
TABLE 70 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY COUNTRY,
2012–2019 (KILOTONS) 112
TABLE 71 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 112
TABLE 72 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 (KILOTONS) 113
TABLE 73 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 113
TABLE 74 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY,
2012–2019 (KILOTONS) 114
TABLE 75 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY,
2012–2019 ($MILLION) 114
TABLE 76 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY APPLICATION,
2012–2019 (KILOTONS) 115
TABLE 77 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY APPLICATION,
2012–2019 ($MILLION) 115
TABLE 78 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 (KILOTONS) 116
TABLE 79 ASIA-PACIFIC: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 ($MILLION) 116
TABLE 80 CHINA: INK ADDITIVES MARKET SIZE, 2012–2019 117
TABLE 81 JAPAN: INK ADDITIVES MARKET SIZE, 2012–2019 118
TABLE 82 INDIA: INK ADDITIVES MARKET SIZE, 2012–2019 118
TABLE 83 OTHERS: INK ADDITIVES MARKET SIZE, 2012–2019 119
TABLE 84 ROW: INK ADDITIVES MARKET SIZE, BY COUNTRY, 2012–2019 (KILOTONS) 119
TABLE 85 ROW: INK ADDITIVES MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 120
TABLE 86 ROW: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 (KILOTONS) 120
TABLE 87 ROW: INK ADDITIVES MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 121
TABLE 88 ROW: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY, 2012–2019 (KILOTONS) 121
TABLE 89 ROW: INK ADDITIVES MARKET SIZE, BY TECHNOLOGY, 2012–2019 ($MILLION) 121
TABLE 90 ROW: INK ADDITIVES MARKET SIZE, APPLICATION, 2012–2019 (KILOTONS) 122
TABLE 91 ROW: INK ADDITIVES MARKET SIZE, BY APPLICATION, 2012–2019 ($MILLION) 122
TABLE 92 ROW: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 (KILOTONS) 123
TABLE 93 ROW: INK ADDITIVES MARKET SIZE, BY PROCESS, 2012–2019 ($MILLION) 123
TABLE 94 RUSSIA: INK ADDITIVES MARKET SIZE, 2012–2019 124
TABLE 95 BRAZIL: INK ADDITIVES MARKET SIZE, 2012–2019 124
TABLE 96 OTHERS: INK ADDITIVES MARKET SIZE, 2012–2019 125
TABLE 97 NEW PRODUCT LAUNCHES, 2010–2014 131
TABLE 98 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES,
2010–2014 132
TABLE 99 MERGERS AND ACQUISITIONS, 2010–2014 133
TABLE 100 INVESTMENT AND EXPANSION, 2010–2014 134
“
“LIST OF FIGURES
FIGURE 1 INK ADDITIVES: MARKET SEGMENTATION 18
FIGURE 2 RESEARCH DESIGN 20
FIGURE 3 BOTTOM-UP APPROACH 24
FIGURE 4 TOP-DOWN APPROACH 25
FIGURE 5 DATA TRIANGULATION 26
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 27
FIGURE 7 LIMITATIONS OF THE RESEARCH STUDY 27
FIGURE 8 INK ADDITIVES MARKET SNAPSHOT (2013 VS. 2019): FLEXIBLE PACKAGING MARKET TO GROW AT HIGHER PACE IN THE NEXT FIVE YEARS 28
FIGURE 9 SLIP AND RUB ADDITIVES MARKET WILL CONTINUE TO GROW, BY ADDITIVE
TYPE, 2019 29
FIGURE 10 ASIA-PACIFIC HAS LARGEST SHARE IN GLOBAL INK ADDITIVES MARKET, BY REGION, 2013 30
FIGURE 11 INK ADDITIVES MARKET TO GROW AT MODERATE CAGR BETWEEN 2014-2019 31
FIGURE 12 FLEXIBLE PACKAGING IS THE HIGHEST GROWING APPLICATION OF INK ADDITIVES (2014 – 2019) 32
FIGURE 13 PUBLISHING APPLICATION ACCOUNTED FOR THE LARGEST SHARE IN THE EMERGING ASIA-PACIFIC INK ADDITIVE MARKET (2013) 33
FIGURE 14 ASIA-PACIFIC ACCOUNTS FOR MORE THAN HALF OF THE GLOBAL INK ADDITIVE MARKET (2014-2019) 34
FIGURE 15 NORTH AMERICA HOLDS THE LARGEST SHARE OF WATER-BASED INK ADDITIVES MARKET, BY TECHNOLOGY (2014 VS. 2019) 35
FIGURE 16 ASIA-PACIFIC DOMINATES THE INK ADDITIVES MARKET, BY APPLICATION (2019) 36
FIGURE 17 SLIP AND RUB MATERIALS DOMINATES THE INK ADDITIVES MARKET,
BY TYPE (2019) 37
FIGURE 18 DEVELOPING MARKETS TO GROW FASTER AS COMPARED TO DEVELOPED MARKETS (2014 VS 2019) 38
FIGURE 19 MODERATE-TO-HIGH GROWTH RATE FOR THE NEXT FIVE YEARS (2014 VS 2019) 39
FIGURE 20 ROW MARKET TO SOON ENTER AN EXPONENTIAL GROWTH PHASE 40
FIGURE 21 EVOLUTION OF ADDITIVES: TIMELINE, 2500 BC TO PRESENT DAY 42
FIGURE 22 PRINTING INKS MARKET BY TYPES 43
FIGURE 23 PRINTING INKS MARKET BY PROCESS & THEIR END-USE APPLICATIONS 44
FIGURE 24 INK ADDITIVES: BY END USE 44
FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES FOR SOLVENTS IN THE PRINTING INK INDUSTRY 45
FIGURE 26 GROWING DEMAND FROM PACKAGING INDUSTRY IS PROPELLING THE GROWTH OF PRINTING INKS MARKET 47
FIGURE 27 ENVIRONMENTAL REGULATIONS TO REDUCE VOCS ARE RESTRAINING THE GROWTH OF INK ADDITIVE MARKET 48
FIGURE 28 TOP 10 ECONOMIES BY GDP IN PPP TERMS: 2010 & 2020 49
FIGURE 29 STRONG GROWTH IN INK-JET MARKET IS PAVING NEW GROWTH AVENUES FOR PRINTING INKS ADDITIVE MARKET PLAYERS 50
FIGURE 30 CRUDE OIL AVERAGE SPOT PRICES, 2013-2020 ($/BARREL) 51
FIGURE 31 UNSTABLE SUPPLY & FLUCTUATING CRUDE OIL PRICES ARE RESTRAINING THE GROWTH OF PRINTING INKS ADDITIVE MARKET 51
FIGURE 32 VALUE CHAIN ANALYSIS 52
FIGURE 33 PRICING TREND (2000-2030): VOLATILITY IN THE PRICE OF ADDITIVE USED IN THE PRINTING INK INDUSTRY 53
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS 54
FIGURE 35 SLIP & RUB ADDITIVES SEGMENT DOMINATES THE INK ADDITIVE MARKET, BY TYPE, 2014 VS. 2019 ($MILLION) 58
FIGURE 36 PRINTING INK ADDITIVES MARKET SHARE, BY TECHNOLOGY, 2013 ($MILLION) 68
FIGURE 37 LITHOGRAPHY PROCESS DOMINATES THE INK ADDITIVES MARKET, BY PROCESS, 2014 VS. 2019 ($MILLION) 75
FIGURE 38 FLEXIBLE PACKAGING GROWTH WILL BE HIGHEST IN THE INK ADDITIVES MARKET, BY APPLICATION, 2014 VS. 2019 ($MILLION) 84
FIGURE 39 REGIONAL SNAPSHOT (2013)—OPPORTUNITIES OF INK ADDITIVES STILL REMAINS POSITIVE IN INDIA, CHINA, AND BRAZIL 93
FIGURE 40 ASIA-PACIFIC–AN ATTRACTIVE MARKET DESTINATION FOR ALL INK ADDITIVE TYPES 94
FIGURE 41 FUTURE GROWTH OF VARIED INK ADDITIVES PROCESS IN ASIA-PACIFIC 94
FIGURE 42 NORTH AMERICA INK ADDITIVE MARKET SNAPSHOT: DEMAND MAINLY DRIVEN BY UV-CURABLE AND DIGITAL INKS 96
FIGURE 43 EUROPE INK ADDITIVE MARKET SNAPSHOT: MARKET IS TECHNOLOGICALLY ADVANCING, BUT THE GROWTH IS LIMITED 104
FIGURE 44 ASIA-PACIFIC INK ADDITIVE MARKET SNAPSHOT—DEMAND MAINLY DRIVEN BY THE RAPID EXPANSION OBSERVED IN THE PACKAGING INDUSTRY SECTOR 111
FIGURE 45 KEY DRIVING FACTORS OF THE INK ADDITIVES MARKET IN APAC 114
FIGURE 46 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY (2010-2014) 126
FIGURE 47 GROWTH STRATEGIES OF MAJOR COMPANIES, 2010–2014 127
FIGURE 48 MARKET EVALUATION FRAMEWORK- NEW PRODUCT LAUNCHES HAS IMPACTED GROWTH AND INNOVATION, 2011–2014 128
FIGURE 49 BATTLE FOR MARKET SHARE: NEW PRODUCT DEVELOPMENT WAS THE KEY GROWTH STRATEGY (2010-2014) 129
FIGURE 50 PRINTING INKS MARKET: SHARE ANALYSIS, BY COMPANY, 2013 130
FIGURE 51 GEOGRAPHICAL REVENUE MIX OF THE TOP FIVE MARKET PLAYERS 136
FIGURE 52 COMPETITIVE BENCHMARKING OF KEY MARKET PLAYERS (2009–2014): BASF AG EMERGED AS THE ELEPHANT OWING TO ITS DIVERSIFIED INK ADDITIVES PRODUCT PORTFOLIO 137
FIGURE 53 AIR PRODUCTS : BUSINESS OVERVIEW 138
FIGURE 54 SWOT ANALYSIS 140
FIGURE 55 ALTANA AG : BUSINESS OVERVIEW 141
FIGURE 56 SWOT ANALYSIS 144
FIGURE 57 BASF SE: BUSINESS OVERVIEW 145
FIGURE 58 SWOT ANALYSIS 147
FIGURE 59 DOW CORNING : BUSINESS OVERVIEW 148
FIGURE 60 SWOT ANALYSIS 150
FIGURE 61 ELEMENTIS PLC: BUSINESS OVERVIEW 151
FIGURE 62 SWOT ANALYSIS 153
FIGURE 63 EVONIK INDUSTRIES.: BUSINESS OVERVIEW 154
FIGURE 64 SWOT ANALYSIS 156
FIGURE 65 HUNTSMAN : BUSINESS OVERVIEW 157
FIGURE 66 SWOT ANALYSIS 159
FIGURE 67 LAWTER B.V.: BUSINESS OVERVIEW 160
FIGURE 68 SWOT ANALYSIS 161
FIGURE 69 SHAMROCK TECHNOLOGIES: BUSINESS OVERVIEW 162
FIGURE 70 SWOT ANALYSIS 164
FIGURE 71 MUNZING CORPORATION: BUSINESS OVERVIEW 165
FIGURE 72 SWOT ANALYSIS 167
“
