A new report published by Persistence Market Research titled ‘Printing Inks Market: Global Industry Analysis (2012-16) and Forecast (2017-2025)’ studies the performance of the Printing Inks Market over an eight-year assessment period from 2017 to 2025.
As per the estimates, the global printing inks market is estimated to be valued at about $18 billion by the end of the year 2017 and is poised to touch a value of just under $28 billion by the end of the year 2025, registering a CAGR of 5.5% during the assessment period.
By formulation type, the solvent-based sub-segment is estimated to be valued at nearly $8,750 million by the end of the year 2017 and is projected to reach a value of nearly $13,250 million by the end of the year 2025, exhibiting a CAGR of 5.3% during the period of assessment.
Among the product type segments, the lithographic inks sub-segment is estimated to be valued at nearly $7,700 million by the end of the year 2017 and is projected to reach nearly $11,700 million by the end of the year 2025, registering a CAGR of 5.4% during the period of assessment.
By application, the publications sub-segment is estimated to be valued at nearly $2,850 Mn by the end of the year 2017 and is projected to reach a valuation of nearly $4,050 Mn by the end of the year 2025, exhibiting a CAGR of 5.2% during the period of assessment.
As per the forecast, the Asia Pacific printing inks market is estimated to be valued at nearly $7,350 million in the year 2017 and is slated to reach a value of about $13,000 million in the year 2025, exhibiting a CAGR of 7.4% during the period of assessment. Europe and North America are collectively expected to account for about 35% value share in the global printing inks market by 2025 end.