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Market Characteristics of Ink Industry in Asia Pacific
In Japan, China, Southeast Asia, South Asia, and Oceania, due to the increase in competitors, but the market share growth is very small, the entire ink industry is facing fierce competition, while also facing the issue of rising raw material prices. Since environmental protection is already very urgent in some countries and regions, the environmental protection requirements of ink manufacturers and printers have been unavoidable. Therefore, the price of traditional solvent-based inks has been reduced considerably, and everyone is very interested in environmental protection products. For example, Japan's offset inks are environmentally friendly, and gravure inks used in flexible packaging are toluene- and ketone-free, and the product has now been introduced to the Japanese market. In addition, the market demand for color printing inks has greatly exceeded its production capacity. In the newspaper ink market in Hong Kong, the ratio of black ink to color ink consumption is 1:2 to 1:3. In China, black ink consumption originally accounted for 70 to 80% of the market's consumption. At present, the ratio of black ink to color ink is already Up to 1:1. The latest presses for process technology are entering all the printing sectors in the Chinese market. The heat-fixing presses are constantly changing rapidly. It has adapted to Beijing's successful bid for the 2008 Olympic Games and Shanghai's successful bid to host the 2010 World Expo. Before 2000, China basically had no heat fixing presses, and at present there are at least 50 to 60 or even more. The advantage of equipment production capacity is ready to go. Therefore, as printers are exploring ways to expand the use of printing presses, they have also expanded the use of inks, and have also proposed to the ink industry to expand the scope of ink applications. The development trends in various countries in the Asia Pacific region are not the same. For example, offset inks are on the rise in the Australian market, and the market demands high quality, environmentally friendly inks. According to forecasts, the growth momentum of UV-cured inks has accounted for an overall increase of 10%. The advantages are short drying time and high quality; alcohol-soluble inks generally grow; while most users in Indonesia use petroleum-based inks stably.