Reportlinker.com Issues Global and China Printing Ink Industry Report for 2012-2015

Reportlinker.com announced that a new market research report, named Global and China Printing Ink Industry Report, 2012-2015, is now available in its catalogue. In recent years, there has been a thriving growth in the global printing ink industry. North America, Japan and Western Europe have remained the world’s major printing ink producers and consumers with consumption in 2012 accounting for 23%, 19% and 18%, respectively.

However, there is an increasing loss in in ink sales by European and American printing ink makers to Asian producers in regions such as China and India. Many transnational industrial giants like DIC (DaiNippon Ink & Chemical), Flint Ink, Toyo Ink, Sakata INX, Siegwerk, and Huber have accelerated their business pace to serve these emerging markets.

The printing ink industry of China has seen rapid development in recent years. In 2005-2012, its output reached 784,700 tons, with a CAGR of 14.59%. Moreover, China’s printing ink industry has formed three main industrial belts—the Pearl River Delta industrial belt centered on Guangdong, the Yangtze River Delta industrial belt surrounding Shanghai and Zhejiang, and the circum-Bohai—sea industrial belt around Beijing, Tianjin and Liaoning. The combined output in 2012 covered a share of 66.76%. But China is yet to become a strong country in the printing ink industry. There are only a few domestic flagship rivals, including Guangdong Sky Dragon Printing Ink Group, Letong Chemical Co., Ltd, Suzhou Kingswood Printing Ink, etc.

China’s printing ink industry has slowed down because of the sluggish global economy. However, the compound annual growth rate (CAGR) of output in China’s printing ink industry is expected to accomplish about 14% in 2013-2015. In the next three years, offset printing will see the highest demand in China. Printing inks for packaging will have the greatest growth potential Moreover, environmental protection standards having been lifted, the demand for environmentally-friendly printing ink is expected to grow.