As per Smithers’ report – The Future of Water-based vs Solvent Printing to 2027 – The value of the water-based ink market is expected to grow at a CAGR of 5.9% for 2022–27, overshadowing solvent inks at 1.4%.
By volume, solvent-based printing will witness a growth rate of 2.0% from 2022–27, while water-based can expect a growth rate of 3.1% for the same period. The total market for inks of all technologies is forecast to reach $33.3 billion in 2027, representing a 1.9% CAGR.
Growth over the review period has been affected by the combined effects of the Covid-19 pandemic and the conflict in Ukraine. Increasing energy costs and raw material shortages have resulted in mandatory price increases for many inks across most technologies and market segments, which has had the effect of increasing the overall value of the inks market. This effect is most acute in the middle years of the review period and the impact on ink pricing is forecast to reduce in the five years to 2027, during which more normal competitive pressures will resume and some degree of price erosion will occur.
The report covers solvent-, water-, oil-based and radiation curing technologies. It reviews the principal ink technologies and how they are used in key market segments.
