The development status and trend forecast of the market segment of the ink industry

1. Overview and classification of the ink industry

Ink is a fluid substance with pigment particles uniformly dispersed in the binder and has a certain viscosity. It is an indispensable material in printing. In today’s call for the development of a low-carbon economy and the promotion of green environmental protection, the production and use of energy-saving and environmentally friendly inks are increasingly becoming the consensus of the ink industry and the printing industry.

The binder is mainly made of various resins and solvents. It is used as a pigment carrier to adjust the viscosity, fluidity, dryness and transfer performance of the ink, and to make the ink dry, fix and form a film on the surface of the substrate. The pigment determines the color, tinting strength, chromaticity, solvent resistance, light resistance, and heat resistance of the ink. Auxiliary agent is a small amount of auxiliary material added to improve the ink performance and adjust the printing adaptability of the ink during the ink manufacturing and printing process. There are many types of inks, and different types of inks vary greatly in composition and performance. According to different printing formats, solvent types and drying methods, it can be divided into the following categories:

Classified by printing format: gravure ink, flexo ink, screen printing ink and jet printing ink, etc.;

Classified by solvent type: benzophenone-based solvent ink, oil-based ink, alcohol/ester solvent ink, water-based ink and solvent-free ink;

Classified by drying method: volatile drying ink, oxidized conjunctival drying ink, thermal curing drying ink, ultraviolet curing (UV) drying ink and other drying inks.

The ink industry was born after the first industrial revolution in western countries and developed rapidly due to the development of chemical and packaging printing industries. Since the 1980s, with the development of the global economy and the advancement of science and technology, the output of the global ink manufacturing industry has continued to rise, and the industry concentration has increased significantly. The world’s top 10 ink companies account for more than 70% of the world’s market share. The United States, China, Japan and Germany have become the world’s major ink producers and consumers. In recent years, the global annual output of ink is about 4.2 to 4.5 million tons, of which my country’s ink output accounts for about 17% of the world’s total ink output. my country has become the world’s second largest ink manufacturer.

2. Market segmentation and trend analysis of the ink industry

The annual output of ink in my country has grown from 697,000 tons in 2015 to 794,000 tons in 2019, with an average annual growth rate of about 3.3%. In the past ten years, the quality and quantity of my country’s ink products have undergone tremendous changes, but my country’s per capita consumption of printed matter is still very low. With the continuous development of my country’s national economy, the vigorous development of ink is also obvious. In the future, the development of my country’s ink industry will not only increase products, but also pay more attention to product structure adjustment, mainly to increase production concentration, increase research and development, improve scientific and technological content, product quality and product stability, and make it better adapted Today’s modern printing industry requires multicolor, high speed, fast drying, pollution-free and low consumption.
From the perspective of product structure, according to relevant statistics such as the China Ink Association and the Radiation Curing Professional Committee of the China Photographic Society, the output of offset printing inks in my country in 2018 accounted for about 36.0% of the total domestic ink output. The total output of flexographic and gravure inks (liquid inks are mainly The application areas of the company accounted for about 42.8% of the total domestic ink output, and UV inks accounted for about 9.2% of the total domestic ink output.

(1) UV ink market analysis

At present, the main application field of domestic UV ink is the printing of high-end cigarettes, wine, health care products and cosmetics packaging, which accounts for more than half; the next is the printing of various trademarks, bills, etc.; the rest are some special materials or special purposes Products, such as magnetic cards, plastic sheets and other products, and the trend of plastic sheets using UV printing technology is constantly developing.

In recent years, LED UV curing technology has gradually emerged, and it is expected that it will become the mainstream curing technology in the future. The ink is cured by LED light, its wavelength range is very narrow (currently 365~395nm single wavelength), LED light has longer service life, higher energy efficiency, lower energy consumption, and LED light can be switched on and off instantaneously without preheating , The heat radiation is extremely low, no ozone is generated, and it is safer, more environmentally friendly and more energy-saving than the high-pressure mercury lamp used in traditional UV ink curing. According to market research agency Yole, the global LED UV market share in UV curing light sources will increase from 21% in 2015 to 52% in 2021, and UV-LED inks have good development prospects in the future.

From the perspective of product structure, based on the good energy-saving and environmental protection performance of UV inks, the output of my country’s UV inks (including printing UV inks and solder mask UV inks, etc.) accounted for the overall increase in the proportion of the total domestic ink output. 5.24% increased to 9.17% in 2018, a rapid growth, and it is expected that there will still be a lot of room for growth in the future.

Post time: Dec-25-2020