Ink Resins Market size is expected to reach nearly USD 5.58 Bn. by 2030 with a CAGR of 5.2% during the forecast period.
The ink resins market is characterized by a dynamic and competitive landscape, with several key players for market share across various segments. Major companies such as DIC Corporation, Dow Chemical, and Evonik Industries, each leveraging their extensive research and development capabilities to innovate and improve resin formulations. The market is influenced by trends such as the increasing demand for eco-friendly and sustainable inks, which has spurred investment in bio-based and low-VOC resins. Also, regional players are carving out niches by offering specialized resins tailored to local printing and packaging needs. The competitive environment is further intensified by the rapid pace of technological advancements and the need for continuous adaptation to evolving industry standards and customer preferences. As a result, companies are focusing on strategic partnerships, mergers, and acquisitions, and expanding their product portfolios to maintain a competitive edge and cater to the diverse needs of the global market.
DIC Corporation
DIC Corporation is a leading player in the ink resins industry, with a broad range of high-performance resins designed for different printing needs. The company's objectives prioritize sustainability and innovation, with a particular emphasis on creating low-VOC and environmentally friendly resins to comply with tightening environmental requirements. Advanced synthetic resins and natural resin derivatives that improve ink quality, adhesion, and durability are important goods. DIC's strategy entails a substantial investment in R&D to be ahead of industry developments, including eco-friendly and digital printing technology. DIC Corporation seeks to meet a variety of customer needs and maintain its position as the industry leader in ink resins by pursuing strategic alliances and ongoing product innovation.
Dow Chemical
Dow Chemical is a leading player in the resins industry, providing a wide range of premium resins made for different printing needs. The business focuses on providing cutting-edge technologies that improve the color strength, adherence, and longevity of ink. To meet the changing needs of the industry for environmentally friendly and effective inks, Dow has developed products such as its advanced acrylic and polyamide resins. Dow's strategy is centered around sustainability and technological advancement. Dow Chemical maintains its position as a market leader in ink resins by making significant investments in research and development to make sure its resins meet the most recent performance and environmental standards.
Evonik Industries
Evonik Industries is a key player in the ink resins market, known for its innovative approach to specialty chemicals. The company focuses on developing high-performance resins that enhance the quality and functionality of printing inks. For instance, their INFINAM FR 4100L, a photopolymer resin designed for 3D printing, which offers flame retardancy and mechanical durability. Evonik's strategy emphasizes sustainability, advanced material properties, and customization to meet industry-specific needs, including aerospace and automotive applications. By investing in cutting-edge research and leveraging its expertise in additive manufacturing, Evonik aims to drive innovation and address diverse customer requirements in the global ink resins market.
Recent Development:
• On Aug 12, 2024, Allnex, a leading global provider of inventive and sustainable resins for industrial coatings, cordially and discovered more about ULTRATECTM, the newest addition to the Composites line. Historically, graphite, carbon fiber, or conductive black carbon have been used to create anti-static items. Nevertheless, the mechanical qualities, color, viscosity, and gloss of the tooling gelcoat are adversely affected by these additions. This novel gel coat system, which consists of the three main components mentioned below, is designed to prevent static discharge on the surface during demoulding. It is still necessary to properly earth molds.
• In 2023, DIC Corporation announced that it had completed its investment in Debut Biotechnology Inc., a vertically integrated synthetic biology company at the forefront of advanced biomanufacturing technology. DIC’s investment in Debut's Series B round, which is led by BOLD, L’Oréal Groupe's venture capital fund, strengthens the existing strategic partnership between DIC and Debut. The investment also accelerates the creation of new businesses in healthcare and color science, two priority business areas outlined in the DIC Vision 2030 long-term management plan.
• On Feb 9, 2024, Evonik Industries launched INFINAM FR 4100L, a photopolymer resin designed for DLP 3D printers, which is both flame retardant and mechanically durable. This product underscores Evonik’s commitment to advancing resin technology for demanding applications in aerospace, automotive, and electronics. With a UL 94 V-0 flame retardancy rating, INFINAM FR 4100L features high elongation, excellent surface finish, and toughness comparable to ABS plastic. Evonik’s strategic focus includes enhancing 3D printing technologies and developing high-performance materials, ensuring their resins meet rigorous standards and address diverse market demands.