Even as they are buffeted by the global recession and higher raw material costs, resin manufacturers continue to develop innovative products for the ink industry.
Higher raw material prices, led by crude oil, continue to impact resin manufacturers, but the surge in new product development is helping to drive sales growth.
Resin manufacturers have been facing the same pressures as the ink industry in the past few years, including higher raw material prices and tight competition.
Higher raw material costs, short supply of some key ingredients and tighter margins continue to be serious issues for ink and resin manufacturers alike.
While pricing of key ingredients remains a concern, availability is becoming a serious issue for the ink industry, as the supply of key raw materials such as acrylic acid is not keeping up with demand.
Resins are a critical component for manufacturing inks. As the economy slows, increasing raw material costs are putting pressure on resin manufacturers to raise prices to ink companies.