What is Global Pigment Ink Binder Market?
The Global Pigment Ink Binder Market is a vast and dynamic sector that plays a crucial role in the world economy. It refers to the global market of binders used in pigment inks, which are essential components in the printing and textile industries. These binders are substances that enhance the adhesion of pigments to surfaces, thereby improving the durability and quality of printed materials. The market encompasses various types of binders, including acrylic, polyurethane, and others, each with its unique properties and applications. The value of this market was estimated at US$ 22 million in 2023 and is projected to almost double by 2030, reaching US$ 49 million. This growth is driven by the increasing demand for high-quality printing solutions in various sectors, including advertising, textiles, and more.
Acrylic Binder, Polyurethane Binder, Others in the Global Pigment Ink Binder Market:
The Global Pigment Ink Binder Market is segmented into different types of binders, including Acrylic Binder, Polyurethane Binder, and others. Acrylic binders are the most widely used type, accounting for over 65% of the market share. They are preferred for their excellent adhesion, flexibility, and resistance to UV radiation, making them ideal for outdoor applications. On the other hand, Polyurethane binders offer superior abrasion resistance and flexibility, making them suitable for high-wear applications such as textiles. Other types of binders also exist, each with their unique properties and applications, catering to the diverse needs of the market. The top four manufacturers globally hold over 40% of the market, indicating a high level of market concentration.
Advertising and Image Pigment Ink, Textile Pigment Ink in the Global Pigment Ink Binder Market:
The Global Pigment Ink Binder Market finds extensive application in various sectors, particularly in Advertising and Image Pigment Ink and Textile Pigment Ink. In the advertising industry, pigment ink binders are used to produce vibrant and durable prints for outdoor advertising materials, such as billboards and banners. They ensure that the prints remain vibrant and resistant to fading, even under harsh weather conditions. In the textile industry, pigment ink binders are used in the production of textile pigment inks, which are used to print designs on fabrics. They ensure that the prints are durable and resistant to washing, thereby enhancing the quality of printed textiles.
Global Pigment Ink Binder Market Outlook:
The future of the Global Pigment Ink Binder Market looks promising, with a projected growth rate of 12.1% from 2024 to 2030. The market, which was valued at US$ 22 million in 2023, is expected to reach a valuation of US$ 49 million by 2030. This growth can be attributed to the increasing demand for high-quality printing solutions in various sectors. Acrylic Binder is the most popular product in this market, accounting for over 65% of the market share. The top four manufacturers in this market hold over 40% of the market share, indicating a high level of market concentration.
| Report Metric | Details |
| Report Name | Pigment Ink Binder Market |
| Accounted market size in 2023 | US$ 22 million |
| Forecasted market size in 2030 | US$ 49 million |
| CAGR | 12.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, DSM, Showa Denko Materials, DOW, Huntsman, Mitsui Chemical, Morchem Inc, Songwon, Wacker Chemical, Indofil Industries Limited, APEC, Kemiteks, GB Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
