Lithography Inks Market - Forecast(2023 - 2028)

Report Code: CMR 31408 Report Format: PDF + Excel

Lithography Inks Market Overview 

Lithography inks market size is forecast to reach US$13.9 billion by 2027, after growing at a CAGR of 4.8% during 2022-2027. The lithography inks printing is done on zinc and aluminum metal plates, a silicon substrate, oron lithography stones to enhance the appearance of the printing. Moreover, lithography inks have seamless diffraction grating, owing to this these inks do not suffer from the absorption effects, and this enhances the durability of the inks. Also, lithography employs modern lithography technologies such as laser pulse technologies to make the manufacturing of such inks at a relatively lower cost and encourages ease of manufacturing. The lithography inks market is majorly driven by its growing application in commercial printing as an oleophobic coating to eliminate the requirement for the dampening solution.

COVID-19 Impact 

In the year 2020, production activities related to the packaging industry, printing, and other such industries were impacted by the Covid-19 pandemic. Since major economies across the world were under lockdown, the supply chain was disrupted and there was a shortage of materials such as paper and paper board which are essential for many industries. For instance, according to the international trade center (ITC), in the year 2019 total global exports of paper and paperboard were valued at US$168.59 billion and in 2020 it was valued at US$156.14 billion, a decline of approximately 8%. As a result of this decline, there were production challenges for packaging and other industries, which resulted in revenue losses for the lithography inks industry. However, in 2021, with the ease of Covid-19 related stringent regulations, there was growth in the production activities, which led to the growth of the market. Also, in the future, as the Covid-19 pandemic will become the new normal the lithography inks industry outlook will see a growth scenario similar to pre-Covid time.

Report Coverage 

The report: "Lithography Inks Market Report Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of Lithography Inks Industry.

By Formulation: Water-Based, Solvent-Based, UV-Curable, Hybrid, and Others.
By Process: Stone Lithography, Waterless Lithography, and Offset Lithography.
By Substrate: Laminates, Paper, Plastic (Polypropylene, Polyethylene, Polystyrene, Polycarbonate, and Others), Films, Metal, Glass, and Others.
By Application: Packaging (Flexible, Rigid, and Semi-rigid), Commercial Printings (Newspapers, Magazines, Catalogues, and Others), Ceramics (Ceramic Tiles, InGlass, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa))

Key Takeaways 

  • Asia-Pacific region dominated the lithography inks market, owing to the growing packaging industry in the region. According to the report published by the Packaging Industry Association of India, the packaging sector in India was valued at US$50.5 billion in 2019, and it is predicted to be worth US$204.81 billion by 2025. 
  • The ongoing research and development related such as laser pulse lithography are projected will create a cost-benefit for the lithography market. 
  • Moreover, the lithography inks increasing application in commercial printing is creating a growth potential for the market. 
  • Nevertheless, the higher cost of such inks is posing as a major roadblock for the lithography market growth during the forecast period.

Figure: Asia-Pacific Lithography Inks Market Revenue, 2021-2027 (US$ Billion)

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Lithography Inks MarketSegment Analysis – By Formulation 

The solvent-based held a significant share in the lithography inks market in 2021 and is growing at a CAGR of 5.8% during 2022-2027. The solvent-based formulation is utilized in the lithography inks because its use has multiple benefits such as moving air around a solvent-based formulation helps to shorten the drying time by speeding up the reaction.?The solvent-based formulation has a thicker consistency that results in a more pleasing printing appearance, which improves the appearance of the packaging Thus, due to these factors, the demand for the solvent-based formulation is increasing in the lithography inks application. However, the high volatile organic compounds (VOC) content in solvent-based is restricting the segmental growth of the market.

Lithography Inks MarketSegment Analysis – By Application 

The packaging held a significant share in the lithography inks market in 2021 and is growing at a CAGR of 7.3% during 2022-2027. Lithographic inks are used in packaging because these inks are highly efficient for printing images or complicated color details that require full-color printing. Lithographic inks are frequently utilized in the packaging industry due to their high quality, low cost, and versatility. Furthermore, rising packaging industry output is driving demand for lithographic inks. For instance, According to recent insights published on Interpack in 2020, the packaging industry at a worldwide level is expected to register an annual growth annual rate of 3.5% within the next four years. Hence, lithography inks increasing application in packaging is propelling the growth of the market.

Lithography Inks MarketSegment Analysis – By Geography 

Asia-Pacific held the largest share in the Lithography Inks market in 2021up to 37%. The Asia-Pacific industry is driven by the growth of various industries such as packaging, commercial printing, and more. According to the Packaging Industry Association of India, the Indian packaging sector is considered to be one of the major industries with high growth potential in India and is rising at 22-25% per annum. Moreover, according to a recent study published on Interpack, it states that Chinese packaging companies such as 3D, SIP, and WLCSP alone achieved revenue of around US$5.88 billion with end packaging, this revenue growth is a result of increasing demand for packaging in the Chinese market. Also, according to the statistics published by the All India Federation of Master Printers (AIFMP), commercial printing in India is expanding at a 10% annual rate. Therefore, the growing packaging and commercial printing sectors of the Asia-Pacific region are fueling the demand growth for lithography inks, which in turn is accelerating the market growth. 

Lithography Inks Market Drivers 

Growing Demand for Ceramics 

In the ceramic industry, lithography inks are majorly employed to increase the appeal because the thick paste of the lithography inks enhances the look of the ceramics. The demand for ceramic tiles is growing at a global level due to the rise in residential and commercial construction activities. Moreover, the expanding ceramic industry is projected to bolster the demand for lithography inks, which in turn is expected to propel market growth. For instance, according to The European Ceramic Industry Association, in the year 2019, the European ceramic industry was valued at 31 billion (US$34.7 billion), there was a growth of about 19.2% when compared with the previous year, and 31.8% of the revenue which was the major one came from wall and floor tiles. Hence, the growing ceramic industry is expected to fuel the market growth, also driving the growth of the lithography inks market during the projected forecast period. 

Increasing Commercial Printing 

Commercial printing utilizes lithography ink to enhance the look and appeal of the printing at a cost-effective rate. The expanding advertising needs of businesses around the world, combined with considerable technological development, are currently driving market expansion. Organizations are increasingly using commercial?printers for bulk printing because they are more cost-effective and productive. The growing commercial printing application of lithography inks is accelerating market growth. For instance, according to GroupM the world's leading media investment company, in 2018, the total spending on Advertisements including newspapers, magazines, and more were US$543.71 billion, and in 2019 it was US$563.02 billion, an increase of 3.6%. Thus, the growing demand for commercial printing for advertisement is expanding the growth of the market.

Lithography Inks Market Challenges 

Cost Factors are Limiting the Market Growth 

The initial cost breakup of the lithographic inks includes initial setup cost, turnaround time, and more. The expensive setup cost due to the high technologically efficient machinery and more add to the cost of the lithography inks. Moreover, when compared with flexographic inks the lithography inks have a turnaround time, this makes the manufacturing process time-consuming. Also, companies are increasing the lithography inks prices. For instance, in October 2021, Flint Group announced a global price increase of 10% among all types of inks including lithography inks. Therefore, the above-mentioned factors result in increasing the cost of the lithography inks and this factor is posing as a major challenge for the growth of the lithography inks market. 

Lithography Inks Market Landscape 

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the lithography inks market. Lithography inks top 10 companies are: 

  1. INX International Ink 
  2. Flint Group 
  3. Toyo Ink 
  4. DIC Corporation 
  5. Siegwerk Druckfarben 
  6. FUJIFILM Holdings America 
  7. Huber Group 
  8. Tokyo Printing Ink 
  9. T&K Toka 
  10. Wikoff Color 

Recent Developments

  • In December 2020, INX International Ink Co. merged all its South American operations with parent company INX do Brasil. This procedure establishes a more direct approach for INX products, including lithographic inks, in the South American market, involving acquisitions, branch development, and investment plans, as well as growth prospects for 2021.
  • In September 2020, Sun Chemical and its parent business, DIC Corporation, have acquired Seller Ink Industria e Comercio de Tintas e VernizesLtda, a specialized inks and coatings producer situated in Sao Paulo, Brazil. The acquisition also includes the offset lithographic inks business. 
  • In October 2019, T&K TokaintroducedT&K TOKA H-UV & LED Process Series for the manufacturing of various offset lithography and other such links.

Relevant Reports 

Report Code: CMR 0085

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1. Lithography Inks Market: Market Overview
    1.1 Definitions and Scope
2. Lithography Inks Market- Executive Summary 
    2.1 Key Trends by Formulation 
    2.2 Key Trends by Process 
    2.3 Key Trends by Substrate 
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Lithography Inks Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Lithography Inks Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Lithography Inks Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Lithography Inks Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Lithography Inks Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Lithography Inks Market-By Formulation (Market Size –US$ Million/Billion) 
    8.1 Water-Based 
    8.2 Solvent-Based 
    8.3 UV-Curable  
    8.4 Hybrid  
    8.5 Others 
9. Lithography Inks Market- By Process (Market Size-US$ Million/Billion) 
    9.1 Stone Lithography 
    9.2 Waterless Lithography 
    9.3 Offset Lithography 
10. Lithography Inks Market- By Substrate (Market Size-US$ Million/Billion) 
    10.1 Laminates 
    10.2 Paper 
    10.3 Plastic  
        10.3.1 Polypropylene 
        10.3.2 Polyethylene 
        10.3.3 Polystyrene 
        10.3.4 Polycarbonate 
        10.3.5 Others 
    10.4 Films 
    10.5 Metal 
    10.6 Glass 
    10.7 Others 
11. Lithography Inks Market-By Application (Market Size –US$ Million/Billion) 
    11.1 Packaging 
        11.1.1 Flexible  
        11.1.2 Rigid  
        11.1.3 Semi-rigid 
    11.2 Commercial Printings 
        11.2.1 Newspapers 
        11.2.2 Magazines  
        11.2.3 Catalogues 
        11.2.4 Others 
    11.3 Ceramics 
        11.3.1 Ceramic Tiles  
        11.3.2 InGlass 
        11.3.4 Others 
    11.4 Others
12. Lithography Inks Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
            12.5.1.1 Saudi Arabia 
            12.5.1.2 UAE 
            12.5.1.3 Israel 
            12.5.1.4 Rest of Middle East 
        12.5.2 Africa 
            12.5.2.1 South Africa 
            12.5.2.2 Nigeria 
            12.5.2.3 Rest of Africa 
13. Lithography Inks Market – Entropy   
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. Lithography Inks Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. Lithography Inks Market – Key Company List by Country Premium Premium 
16. Lithography Inks Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
1.1 Solvent-based Market 2019-2024 ($M) - Global Industry Research
1.2 Water-based Market 2019-2024 ($M) - Global Industry Research
2.Global Competition Landscape Market 2019-2024 ($M)
3.Global Lithography Inks Market Analysis, by Ink Type Market 2019-2024 (Volume/Units)
3.1 Solvent-based Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Water-based Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Competition Landscape Market 2019-2024 (Volume/Units)
5.North America Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
5.1 Solvent-based Market 2019-2024 ($M) - Regional Industry Research
5.2 Water-based Market 2019-2024 ($M) - Regional Industry Research
6.North America Competition Landscape Market 2019-2024 ($M)
7.South America Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
7.1 Solvent-based Market 2019-2024 ($M) - Regional Industry Research
7.2 Water-based Market 2019-2024 ($M) - Regional Industry Research
8.South America Competition Landscape Market 2019-2024 ($M)
9.Europe Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
9.1 Solvent-based Market 2019-2024 ($M) - Regional Industry Research
9.2 Water-based Market 2019-2024 ($M) - Regional Industry Research
10.Europe Competition Landscape Market 2019-2024 ($M)
11.APAC Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
11.1 Solvent-based Market 2019-2024 ($M) - Regional Industry Research
11.2 Water-based Market 2019-2024 ($M) - Regional Industry Research
12.APAC Competition Landscape Market 2019-2024 ($M)
13.MENA Lithography Inks Market Analysis, by Ink Type Market 2019-2024 ($M)
13.1 Solvent-based Market 2019-2024 ($M) - Regional Industry Research
13.2 Water-based Market 2019-2024 ($M) - Regional Industry Research
14.MENA Competition Landscape Market 2019-2024 ($M)

LIST OF FIGURES

1.US Lithography Inks Market Revenue, 2019-2024 ($M)
2.Canada Lithography Inks Market Revenue, 2019-2024 ($M)
3.Mexico Lithography Inks Market Revenue, 2019-2024 ($M)
4.Brazil Lithography Inks Market Revenue, 2019-2024 ($M)
5.Argentina Lithography Inks Market Revenue, 2019-2024 ($M)
6.Peru Lithography Inks Market Revenue, 2019-2024 ($M)
7.Colombia Lithography Inks Market Revenue, 2019-2024 ($M)
8.Chile Lithography Inks Market Revenue, 2019-2024 ($M)
9.Rest of South America Lithography Inks Market Revenue, 2019-2024 ($M)
10.UK Lithography Inks Market Revenue, 2019-2024 ($M)
11.Germany Lithography Inks Market Revenue, 2019-2024 ($M)
12.France Lithography Inks Market Revenue, 2019-2024 ($M)
13.Italy Lithography Inks Market Revenue, 2019-2024 ($M)
14.Spain Lithography Inks Market Revenue, 2019-2024 ($M)
15.Rest of Europe Lithography Inks Market Revenue, 2019-2024 ($M)
16.China Lithography Inks Market Revenue, 2019-2024 ($M)
17.India Lithography Inks Market Revenue, 2019-2024 ($M)
18.Japan Lithography Inks Market Revenue, 2019-2024 ($M)
19.South Korea Lithography Inks Market Revenue, 2019-2024 ($M)
20.South Africa Lithography Inks Market Revenue, 2019-2024 ($M)
21.North America Lithography Inks By Application
22.South America Lithography Inks By Application
23.Europe Lithography Inks By Application
24.APAC Lithography Inks By Application
25.MENA Lithography Inks By Application