Research published by Persistence Market Research (PMR) shows the global market for printing inks is expected to account for a market value of close to $18,000 million during the year 2017 as well as is likely to reach a market value of around $27,500 million through the end of the predicted year 2025.
The overall market is expected to exhibit a 5.5% CAGR all through the calculated period. However, in volume terms, the worldwide market is anticipated to record a 4.7% CAGR all through the estimated period.
Printing inks are employed in thin films on a lot of substrates, for example, paperboard, paper, metallic foil and metal sheets, moulded plastic articles and plastic films, glass and textiles. It is a form of an ink which dries quickly, flows smoothly as well as consistency to hold adequate colour to arrive at legibly printed matters utilised to transfer printing surface.
The various functionalities of the ink include effective printability by an applied process, visual characteristics, drying in set conditions, resistance properties by means of the end user requirements and adhesion to the given substrate.
The factors might be affecting glossiness of the ink are particle shape and size, nature of the colourant, surface characteristics, quantity and nature of resins, nature of solvent and degree of dispersion. However, the factors affecting the drying characteristics are oxidation drying, absorption drying, radiation stimulated absorption and drying and oxidation drying combined. The basis of the formulation can be oil-based, water-based, solvent-based and others.
There are various types of printing ink, such as letterpress inks, flexographic inks, lithographic inks, digital inks, gravure inks and others. These varied varieties are applicable in publications, commercial printing, label printing along with others. Printing inks employed in printing applications comprise of pigments of the demanded colour moreover are blended with varnishes and oil. A number of pigments are employed so as to develop new colour blends furthermore such forms of inks are employed in diverse applications.