The global lithographic printing chemicals market size is projected to make considerable gains in the upcoming years owing to the high popularity of print media worldwide, observes Fortune Business Insights™ in its report, titled “Lithographic Printing Chemicals Market, 2021-2028”.
Print media, which includes newspapers, magazines, and journals, has been the primary choice of news, events, and entertainment for ages. Even today, newspapers are seen as the most authentic source of information around the globe, which is reflected in their wide circulation in most countries. In the US, for instance, according to the Pew Research Center, total daily newspaper circulation stood at 28.6 million for weekdays and 30.8 million for Sundays in 2018. Lithographic printing chemicals are essential in printing newspapers and magazines in large numbers on a daily basis due to the high-quality print assured by these materials. Thus, the widespread popularity of various print media will foster the long-term growth of this market.
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Market Segmentation
Based on type, this market has been categorized into fountain solutions, cleaning solutions, and others. By application, the market segments include publication, packaging, promotion, and others. On the basis of region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report
This market report incorporates valuable and tangible insights into the market drivers and trends, besides providing a detailed evaluation of all possible market segments. Further, the report also contains a holistic study of the market restraints as well as offers a comprehensive analysis of the regional and competitive dynamics of the market.
Driving Factor
Beneficial Properties of Lithographic Printing to Ensure Lasting Market Growth
The most attractive feature of offset printing is that it provides excellent value for large-scale printing, making it the most widely utilized printing technique in the production of magazines, postcards, and stationery items. The high economic value of this printing technology is the foremost growth driver for this market.
The fundamental principle behind lithographic (or offset) printing technology is the immiscibility of oil and water. The inked image is transferred from a photographic plate to a rubber blanket, where the excess ink is removed before the image is finally printed on the designated paper. The entire process ensures a high quality of the printed material in terms of precision and clarity. This is because the lithographic printing chemicals are formulated to adhere to the rubber blankets and reproduce sharp printed images and letters.
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Regional Insights
Asia Pacific to be the Market Frontrunner Backed by the Presence of a Robust Print Industry
In North America, the demand for lithographic printing chemicals will be majorly driven by the speedy expansion of the region’s packaging industry. However, the growth of the market in the Middle East & Africa is expected to be sluggish due to the increasing availability of substitutes to traditional printing technologies.
Among regions, Asia Pacific is set to dominate the lithographic printing chemicals market share in the foreseeable future on account of the strong print industry, especially in India. Moreover, the country’s advertising industry is growing at a phenomenal pace. For example, GroupM, one of the world’s top media investment companies, forecasted that over INR 18000crore were spent on the print medium by India’s advertising industry.
Competitive Landscape
Key Players to Target Emerging Application Areas to Diversify Business Activities
Key players in this market are strategically entering new application areas where the potential of deploying lithographic printing chemicals is rapidly growing. This strategy is enabling companies to expand their business horizons and entrench their market position, as well as gain a sturdy foothold in niche domains.
Industry Development:
February 2021: Toyo Printing Inks introduced an innovative line of sheet-fed offset inks with low migration and low odor features. The inks have been engineered to suit package printing applications in the pharmaceutical, cosmetic, and food industries.
List of Key Players Covered in the Lithographic Printing Chemicals Market Report:
- FUJIFILM Holdings America Corporation
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Sakata Inx Corporation
- Siegwerk Druckfarben AG & Co. KGaA
- Flint Group
- SICPA Holding SA
- Tokyo Printing Ink Mfg Co. Ltd.
- Wikoff Color Corporation
- DIC Corporation
- TOKA Corporation
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