Report announced by Research and Markets as industry sees rapid development in China.
Research and Markets have made a new report available, titled “Global and Chinese Printing Ink Industry Report, 2012-2015”, providing an overview of the ink industry’s development and progress.
Noting the industry’s growing success worldwide, the report names North America, Japan and Western Europe as the leading ink producers and consumers globally, making up 23 percent, 19 percent and 18 percent of the market. However, it states that “Europe and America’s growing saturated trend in the printing ink market means they are now losing out to Asian regions such as China and India”, with many companies in the industry expanding into these emerging markets – including Sataka INX, Siegwerk, DIC, and Huber – which have all established branches in China. Furthermore, Sataka INX and DIC announced in 2012 that they plan to build new printing ink factories in India.
According to the report, China has undergone “rapid development”, with ink output surging to 784,700 tons between 2005 and 2012 and the country seeing a compound annual growth rate (CAGR) of 14.59 percent. The industry in China has formed three industrial belts – the Pearl River Delta centreing on Gunagdong; the Yangtze River Delta surrounding Shanghai and Zhejiang; and the circum-Bohai-sea industrial belt around Beijing, Tianjin and Liaoning – which had a combined output in 2012 of 66.76 percent.
Despite this growth, the report adds that “China is yet to become a strong country in the printing ink industry”, as foreign brands dominate a market share of 70 percent; and the industry in China has slowed its advance due to “stagnant economic development worldwide”.
Offset printing ink is expected to see the highest demand in China over the next three years, while package printing ink will have the largest growth potential and the demand for environmentally-friendly printing ink is also increasing in the country.
Among the topics covered in the report are “Status Quo, Competition Pattern and Development Outlook of Global Printing Ink Industry”; “Status Quo, Demand & Supply, Import & Export, Influence of Upstream and Downstream Industries and Prediction of China Printing Ink Industry”; “Operation, Printing Ink Business and Business in China of Six Global Printing Ink Enterprises”; and “Operation, Printing Ink Business and Prediction of Eight Chinese Industrial Players”.