(EMAILWIRE.COM, July 13, 2018 ) Printing inks are liquids that contain pigments or dyes that are used to produce images, text and designs with a printing machine. They are widely used in letterpress and lithographic printing.

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The reasons for the substantial growth of the market from $21.2 billion in 2017 to $23 billion by 2021 are the economic growth and increase in demand from the packaging industry.

In the report, the global printing inks market is divided into three segments. Oil based printing inks occupy around two-fifth of the market and the other two segments, solvent and water-based inks occupy nearly 30% market share each.

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Asia Pacific was the largest region in the printing inks market in 2017, accounting for one third of the market share followed by North America
The printing inks market is fragmented with a number of large and small print organizations. The top five competitors in the market made up 44.3% of the total market in 2017. DIC Corporation was the largest competitor followed by Flint Group, Sakata Inx, Siegwerk Druckfarben AG & Co. KGaA and Altana AG. DIC Corporation is the largest company in the printing inks industry and it has four business divisions: a printing inks division, graphic arts division, synthetic resin division and a chemical solutions division.

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