Ink Resins Market
By Type;
Modified Resin, Acrylic, Cellulose, Polyamide, Polyurethane, Hydrocarbon, and OthersBy Process;
Lithography Printing, Flexography Printing, Gravure Printing, and OthersBy Technology;
Oil, Solvent, Water, UV-curableBy Application;
Printing & Publishing, Flexible Packaging, Corrugated Cardboards & Cartons, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Ink Resins Market Overview
Ink Resins Market (USD Million)
Ink Resins Market was valued at USD 2,958.38 million in the year 2024. The size of this market is expected to increase to USD 4,627.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.6%.
Ink Resins Market
*Market size in USD million
CAGR 6.6 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 6.6 % |
Market Size (2024) | USD 2,958.38 Million |
Market Size (2031) | USD 4,627.58 Million |
Market Concentration | Medium |
Report Pages | 395 |
Major Players
- Allnex Netherlands BV
- Arakawa Chemical Industries Co. Ltd.
- BASF SE
- DIC Corp.
- Dow Inc.
- Evonik Industries AG
- Harima Chemicals Group Inc.
- Hydrite Chemical Co.
- INDULOR Chemie GmbH
- Koninklijke DSM NV
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Ink Resins Market
Fragmented - Highly competitive market without dominant players
The Ink Resins Market is a cornerstone of the printing industry, delivering essential properties such as adhesion, gloss, and long-term durability. These resins account for over 60% of modern ink formulations, underlining their critical role in ensuring print performance across diverse applications.
Market Growth Drivers
The rising adoption of sustainable and low-emission ink solutions has become a major growth factor. Around 45% of the market’s momentum is tied to demand for water-based and eco-friendly alternatives, a trend reinforced by tightening global environmental standards and heightened consumer awareness.
Key Functional Benefits
Ink resins enhance print clarity, chemical resistance, and drying efficiency, making them vital for industries such as packaging and digital printing. An estimated 55% of businesses prioritize resin-based formulations to achieve sharper quality and long-lasting print results in a competitive marketplace.
Future Outlook
With over 50% of demand driven by packaging applications, the market outlook remains strong. The focus on high-performance, eco-conscious, and cost-efficient resins ensures continued growth, while ongoing innovations position ink resins as a core driver of printing technology advancements.
Ink Resins Market Recent Developments
- In October 2021, Eastman Chemical Company announced that the company and some of its subsidiaries entered a definitive agreement to sell its adhesive resins assets and business to Synthomer PLC for a total cash consideration of USD 1 billion.
- In March 2022, Major technologies involved are oil-based, solvent-based, water-based, and UV-curable-based. It has several printing processes: lithography, gravure, flexography, and other.
Ink Resins Market Segment Analysis
In this report, The Ink Resins Market has been segmented by Type, Application, Process, Technology, Application and Geography.
Ink Resins Market, Segmentation by Type
The Ink Resins Market has been segmented by Type into Modified Resin, Acrylic, Cellulose, Polyamide, Polyurethane, Hydrocarbon and Others.
Modified Resin
Modified resins account for nearly 20% of the Ink Resins Market, widely used for enhancing adhesion and durability in printing inks. Their versatility makes them suitable for diverse packaging and commercial printing applications.
Acrylic
Acrylic resins hold around 25% share, driven by their excellent gloss, color retention, and chemical resistance. These resins are increasingly preferred in water-based inks for eco-friendly printing solutions.
Cellulose
Cellulose-based resins contribute approximately 12%, valued for their biodegradable nature and strong film-forming ability. They are especially used in packaging and publishing inks to meet sustainability goals.
Polyamide
Polyamide resins make up nearly 15% of the market, offering superior flexibility and adhesion. They are widely used in flexographic and gravure printing, particularly for food packaging applications.
Polyurethane
Polyurethane resins represent about 10%, known for their strong abrasion resistance and chemical stability. Their role is significant in high-performance coatings and specialty printing inks.
Hydrocarbon
Hydrocarbon resins account for close to 9%, widely adopted for their tackiness and compatibility with multiple ink formulations. They are primarily used in offset and gravure printing processes.
Others
The others segment covers around 9% of the market, including niche resin types that cater to specialized printing requirements. Their demand is expected to grow with innovations in custom ink formulations.
Ink Resins Market, Segmentation by Process
The Ink Resins Market has been segmented by Process into Lithography Printing, Flexography Printing, Gravure Printing and Others.
Lithography Printing
Lithography printing holds nearly 40% of the Ink Resins Market, driven by its widespread use in publishing, advertising, and commercial printing. The process benefits from high print quality and strong durability, making it a preferred choice for mass production.
Flexography Printing
Flexography printing accounts for about 30%, favored for its ability to print on diverse substrates like plastics, paper, and metal foils. Its strong demand in packaging and labels positions it as one of the fastest-growing market segments.
Gravure Printing
Gravure printing contributes nearly 20% of the market, recognized for producing high-resolution images and long-run efficiency. It is widely applied in decorative printing, wallpapers, and magazines, especially in large-scale operations.
Others
The others segment represents around 10%, covering emerging and specialized printing technologies. This category is gaining traction with the rising need for customized printing solutions and innovative ink formulations.
Ink Resins Market, Segmentation by Technology
The Ink Resins Market has been segmented by Technology into Oil, Solvent, Water, UV-curable
Oil-Based
Oil-based ink resins hold nearly 25% of the market, primarily used in traditional printing applications such as newspapers and publishing. Despite a gradual decline due to eco-friendly alternatives, they remain relevant for their cost-effectiveness and deep color strength.
Solvent-Based
Solvent-based resins account for about 30% of the market, favored for their durability and fast drying properties. They are widely used in packaging and industrial applications, though increasing environmental regulations are influencing a shift toward sustainable solutions.
Water-Based
Water-based ink resins capture around 28% market share, driven by the growing demand for eco-friendly printing. Their low VOC emissions and safe handling make them highly suitable for food packaging and consumer goods.
UV-Curable
UV-curable resins represent nearly 17%, emerging as one of the fastest-growing technologies. Their instant curing, energy efficiency, and ability to deliver high-quality finishes make them increasingly popular in commercial printing and specialty packaging.
Ink Resins Market, Segmentation by Application
The Ink Resins Market has been segmented by Application into Printing and Publishing, Flexible Packaging,Corrugated Cardboards and Cartons and Others.
Printing and Publishing
Printing and publishing applications hold nearly 32% of the market, driven by the consistent demand for newspapers, magazines, and books. Although digitalization has slowed growth, the sector continues to rely on ink resins for quality print output and durability.
Flexible Packaging
Flexible packaging dominates with about 38% market share, supported by the rising need for food, beverage, and pharmaceutical packaging. The growing preference for lightweight and sustainable materials continues to strengthen resin demand in this segment.
Corrugated Cardboards and Cartons
Corrugated cardboards and cartons contribute around 20%, fueled by the expansion of the e-commerce industry. The increasing shift toward eco-friendly packaging solutions further enhances the adoption of ink resins in this segment.
Others
The others segment makes up nearly 10% of the market, including specialized uses in labels, tags, and decorative printing. This category benefits from niche demand in industrial and commercial applications that require high-performance resins.
Ink Resins Market, Segmentation by Geography
In this report, The Global Ink Resins Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Ink Resins Market Share (%), by Geographical Region
North America
North America contributes nearly 28% of the market, led by its strong packaging, publishing, and commercial printing industries. The region emphasizes sustainable solutions and continuous technological innovation in ink resins.
Europe
Europe accounts for about 25%, supported by strict environmental regulations and the demand for eco-friendly inks. Its focus on high-performance printing applications strengthens resin adoption across packaging and publishing.
Asia Pacific
Asia Pacific leads the market with more than 35% share, driven by rapid industrialization, growing urbanization, and rising e-commerce packaging demand. China and India remain key drivers of growth in this region.
Middle East & Africa
The Middle East & Africa holds nearly 6% share, with increasing packaging demand, expanding publishing sectors, and rising investments in printing technologies fueling market development.
Latin America
Latin America represents close to 6% of the global market, primarily led by flexible packaging and commercial printing. Countries such as Brazil and Mexico are adopting more sustainable ink resins to meet growing demand.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Ink Resins Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Packaging Demand
- Technological Advancements
- Eco-Friendly Regulations
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Increasing Printing Needs- Increasing Printing Needs is a significant driver in the Global Ink Resins Market, fueled by the expanding demand for diverse and high-quality printed materials across various industries. As consumer preferences shift towards more customized and visually appealing products, there is a growing requirement for advanced printing technologies that can deliver high performance and durability. This includes applications in packaging, advertising, textiles, and labels, where the demand for vibrant colors, precise graphics, and long-lasting prints continues to rise. Ink resins play a crucial role in meeting these needs by enhancing the quality and functionality of inks used in these diverse applications.
Furthermore, the proliferation of e-commerce and digital media has amplified the need for efficient and versatile printing solutions. With businesses and brands focusing on creating impactful and engaging marketing materials, the demand for specialized ink resins that offer superior adhesion, color consistency, and resistance to environmental factors is increasing. The expansion of digital and flexible printing technologies also drives innovation in resin formulations, as manufacturers seek to adapt to new printing methods and substrate requirements. As a result, the continuous evolution of printing needs contributes to the growing significance and development of advanced ink resins in the market.
Restraints:
- Raw Material Costs
- Environmental Regulations
- Market Saturation
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Economic Uncertainties- Economic Uncertainties pose a significant restraint on the Global Ink Resins Market, affecting both production and consumption within the industry. Fluctuations in economic conditions can lead to instability in raw material prices, impacting the cost of ink resins and potentially squeezing profit margins for manufacturers. Economic downturns or instability can also result in reduced spending on printing and packaging, as businesses may cut back on marketing budgets or delay investments in new technologies. This unpredictability can hinder the market's growth and affect the overall stability of ink resin suppliers and consumers alike.
Moreover, economic uncertainties can influence consumer and business confidence, leading to cautious spending and investment decisions. In times of economic instability, industries reliant on printing, such as packaging and publishing, may experience decreased demand or shifts in market priorities, affecting the demand for ink resins. Companies may also face challenges in securing financing for expansion or innovation projects, further constraining their ability to invest in new resin technologies or adapt to changing market conditions. This restraint underscores the need for resilience and adaptability in the ink resins market amid fluctuating economic environments.
Opportunities:
- Sustainable Resin Development
- Emerging Markets Growth
- Digital Printing Expansion
-
Innovative Applications Development- Innovative Applications Development presents a key opportunity in the Global Ink Resins Market, driving the creation of new and advanced resin formulations tailored to emerging needs and technologies. As industries explore novel uses for printed materials, the demand for specialized ink resins that can perform under unique conditions or deliver enhanced functionalities is increasing. For instance, developments in smart packaging, which integrates technologies like QR codes or NFC tags, require advanced resins that support these features while maintaining print quality and durability. The ability to develop resins for such innovative applications opens new markets and revenue streams for resin manufacturers.
Additionally, the rise of personalized and on-demand printing services drives the need for versatile and high-performance ink resins. Innovations in areas like 3D printing, functional textiles, and electronics printing require resins that offer specific properties, such as flexibility, conductivity, or temperature resistance. This expanding range of applications encourages ongoing research and development in resin technologies, fostering innovation and keeping pace with the evolving demands of various industries. By focusing on these cutting-edge applications, resin manufacturers can stay competitive and meet the growing expectations of customers seeking advanced and customized printing solutions.
Competitive Landscape Analysis
Key players in Global Ink Resins Market include:
- Allnex Netherlands BV
- Arakawa Chemical Industries Co. Ltd.
- BASF SE
- DIC Corp.
- Dow Inc.
- Evonik Industries AG
- Harima Chemicals Group Inc.
- Hydrite Chemical Co.
- INDULOR Chemie GmbH
- Koninklijke DSM NV
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Process
-
Market Snapshot, By Technology
-
Market Snapshot, By Application
- Market Snapshot, By Region
- Ink Resins Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Packaging Demand
- Technological Advancements
- Eco-Friendly Regulations
- Increasing Printing Needs
- Restraints
- Raw Material Costs
- Environmental Regulations
- Market Saturation
- Economic Uncertainties
- Opportunities
- Sustainable Resin Development
- Emerging Markets Growth
- Digital Printing Expansion
- Innovative Applications Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Ink Resins Market, By Type, 2021 - 2031 (USD Million)
- Modified Resin
- Acrylic
- Cellulose
- Polyamide
- Polyurethane
- Hydrocarbon
- Others
- Ink Resins Market, By Process, 2021 - 2031 (USD Million)
- Lithography Printing
- Flexography Printing
- Gravure Printing
- Others
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Ink Resins Market, By Technology, 2021 - 2031 (USD Million)
-
Oil, Solvent
-
Water
-
UV-Curable
-
-
Ink Resins Market, By Application, 2021 - 2031 (USD Million)
-
Printing & Publishing
-
Flexible Packaging
-
Corrugated Cardboards & Cartons
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Others
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- Ink Resins Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Ink Resins Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Allnex Netherlands BV
- Arakawa Chemical Industries Co. Ltd.
- BASF SE
- DIC Corp.
- Dow Inc.
- Evonik Industries AG
- Harima Chemicals Group Inc.
- Hydrite Chemical Co.
- INDULOR Chemie GmbH
- Koninklijke DSM N
- Company Profiles
- Analyst Views
- Future Outlook of the Market