Pigment Ink Binder Market Size, Share, Growth, and Industry Analysis, By Type (Acrylic Binder, Polyurethane Binder and Others), By Application (Advertising and Image Pigment Ink, Textile Pigment Ink and Others) Regional Forecast to 2028 Size, Share, Growth, and Industry Analysis, By Type (Acrylic Binder, Polyurethane Binder and Others), By Application (Advertising and Image Pigment Ink, Textile Pigment Ink and Others), Regional Insights, and Forecast

Updated On: 17 June 2024

Pigment Ink Binder Market REPORT OVERVIEW

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global pigment ink binder market size was USD 25 million in 2022 and market is projected to touch 69.02 Million By 2031, exhibiting a CAGR of 12.1% during the forecast period.

Pigment ink binders are chemicals used in the manufacture of pigment inks to assist spread and stabilize the pigments inside the ink. Pigment inks are made up of microscopic solid particles, called pigments, that provide color and opacity. The binder's purpose is to bind these pigments together and ensure that they adhere adequately to the printing surface. Pigment inks contain a binder, which is often a polymer-based chemical. During the fixation process, this polymer is heated to a temperature where it plasticizes (converts to a semi-solid state) and forms a link between fabric fibres and pigment particles in the ink.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry. With the limits imposed by the government, the panic scenario has had a negative influence on the industries. This has resulted in a market drop as well; there was a direct and indirect impact from numerous sectors producing pigment ink binders. With the revival of the market following COVID-19, we are seeing a recovery of the market where the blanks are restructured with product innovation and investments into R&D activities to develop advanced technologies to meet advanced requirements, which will project a proposed increase in the pigment ink binder market share in the forecasted period.

LATEST TRENDS

"The Excellent Stripping Property and Smoothness to Grow Market Potentially"

Pigment ink binders are also utilised in the formulation of paints and coatings. Solvents, pigments, binders, and additives are the four primary components of paint and coating formulations. They are utilised for substrate beautification, protection, anti-skid surfaces, insulation, and as electrical conductors. Premixing, grinding, and tinting operations, oil-based paints, modern gloss finishes, heat-resistant paints, flame-retardant paints, plastic paints, floor paints, flat paints, aluminium paint, wrinkle finishes, and hammer finishes are examples of different types of paints and formulations.

Pigment Ink Binder Market SEGMENTATION

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• By Type

Based on type the market is classified as acrylic binder, polyurethane binder and others.

The part acrylic binder is the leading of all other types.

• By Application

Based on application the market is classified as advertising and image pigment ink, textile pigment ink and others.

The part advertising and image pigment ink is the leading type of the application segment.

DRIVING FACTORS

"Primary Function Providing Adhesion and Durability to Printed Image to Boost the Market Growth"

The fundamental purpose of a pigment ink binder is to provide adherence and durability to the printed image. It helps the pigments stick to the surface of the paper or other substrates, reducing smearing or fading over time. The binder also contributes to the ink's total viscosity, which influences its flow qualities and how well it spreads over the printing surface.

Depending on the application and desired properties, several binders can be employed in pigment ink compositions. Acrylic polymers, styrene-acrylic copolymers, polyurethanes, and cellulose derivatives are all examples of common binder ingredients. These binders are frequently used for their compatibility with pigments and their ability to give great adhesion, color stability, and water resistance.

"Extended Applications in Textile Pigment Printing to Multiply the Production and Market Growth"

Pigment ink binders are chemical compounds used in textile pigment printing to bind pigments to cellulose fibres. Almost all of the binders used in textile pigment printing are results of addition polymerization. The binder is a film-forming material composed of long-chain macromolecules that, when combined with the pigment, form a three-dimensional network on the cloth. Various binders were also created for the purpose, ultimately leading to the employment of water-in-oil and oil-in-water emulsions.

RESTRAINING FACTORS

"Several Challenges Associated with the Handling to Restrain the Market Growth"

Pigment Ink Binder Market REGIONAL INSIGHTS

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"European Region to Dominate the Market with Extensive Production and Multiplying Manufacturers and its Applications"

European region is predicted to be dominant in the pigment ink binder market share and will maintain the dominance over the forecasted period. U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe is the world's top producer, according to IMDB. Entry barriers to ink binder are very high. The handling of the ink is equally delicate and challenging as that of pigment ink formulations. The profitability is on line with the pigment ink binders market share. The top prominent manufacturers to contribute a huge share in the pigment ink binder market growth.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• BASF (Germany)
• DSM (The Netherlands)
• Showa Denko Materials (Japan)
• DOW (U.S.A)
• Huntsman (U.S.A)
• Mitsui Chemical (Japan)
• Songwon (Republic of Korea)
• Wacker Chemical (India)
• Indofil Industries Limited (India)
• APEC (Singapore)
• Kemiteks (Turkey)
• GB Chemical (India).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study.The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.