Since the 1970s, with the rapid growth of economic development in the world, the printing industry has developed at a rapid rate, and various types of printing inks have also experienced rapid development: the increasing number of types and the level of ink manufacturing technology. With continuous improvement, the output has gradually expanded.
However, in recent years, due to the impact of the weak global economy, the world ink market situation is not booming. For example, in the United States, an ink-producing country, the advertising business of all US media was declining due to the “9.11†incident. The sales of ink were far below the expected value; after 2002 efforts, the US economy finally came from the shadow of 2001. With the gradual recovery, the ink market is just as expected, although it lags behind the overall level of recovery, it is also growing. Another example is the world’s second largest ink production and Japan, the world’s top 10 ink company’s headquarters. Due to the economic weakness, ink production and sales are also stagnating. From the perspective of production, the output in the first half of 2002 was only 208,294 tons, which was only 96.5% of the output in the first half of 2001. The sales situation also showed a weak trend. In the first half of 2002, sales were only 234,210 tons, which was only 96.5% of the sales in the first half of 2001. The world ink industry as a whole is facing challenges.
World market dynamics â—† Europe's Sun Chemical Company still holds the top position; BASF's printing ink (coatings) branch has a market share of 14%, ranking second in Europe; Gebr. Schmidt (Smith Brothers) ink company accounted for 11% %; Sun Chemical 34%, Michael Huber 7%; Flint Ink 7%; Siegwerk 7 %Wait. The overall market share is 84%. In all types of ink products, offset printing ink is the most important part, accounting for 40%; packaging and printing inks account for 30%; book gravure printing inks account for 20%; printing varnish accounts for 5%; printing auxiliaries account for 4%; Printing inks account for 1%.
â—† The biggest increase in output in the Asian Japanese printing ink market is the offset printing market. As a result of production, the production of these printing inks increased by 7%. But the metal printing ink is reduced by 18%.
China's ink industry already has a considerable scale. The integrated production capacity of ink is 250,000 tons per year, which accounts for 6% of the world's ink production. The quality of some major products has approached or reached the advanced level of similar foreign products, except to meet basic domestic needs. The products are also exported to more than 50 countries and regions including Eastern Europe, the United States, Hong Kong, Macao, Taiwan and Southeast Asia. However, compared with the advanced level in foreign countries, there is still a considerable gap.
India Hindustan Ink and Resin Co., Ltd. (HIRL) wants to set up a production base in California, USA, and has established subsidiary Micro Ink Corp., which intends to conduct ink pre-production (semi-finished products) in India, and then Shipped to the United States for further processing. The business policy can later be transferred to other places, such as the major ink markets in Europe and Asia. HIRL expects a significant increase in production capacity abroad.
However, in recent years, due to the impact of the weak global economy, the world ink market situation is not booming. For example, in the United States, an ink-producing country, the advertising business of all US media was declining due to the “9.11†incident. The sales of ink were far below the expected value; after 2002 efforts, the US economy finally came from the shadow of 2001. With the gradual recovery, the ink market is just as expected, although it lags behind the overall level of recovery, it is also growing. Another example is the world’s second largest ink production and Japan, the world’s top 10 ink company’s headquarters. Due to the economic weakness, ink production and sales are also stagnating. From the perspective of production, the output in the first half of 2002 was only 208,294 tons, which was only 96.5% of the output in the first half of 2001. The sales situation also showed a weak trend. In the first half of 2002, sales were only 234,210 tons, which was only 96.5% of the sales in the first half of 2001. The world ink industry as a whole is facing challenges.
World market dynamics â—† Europe's Sun Chemical Company still holds the top position; BASF's printing ink (coatings) branch has a market share of 14%, ranking second in Europe; Gebr. Schmidt (Smith Brothers) ink company accounted for 11% %; Sun Chemical 34%, Michael Huber 7%; Flint Ink 7%; Siegwerk 7 %Wait. The overall market share is 84%. In all types of ink products, offset printing ink is the most important part, accounting for 40%; packaging and printing inks account for 30%; book gravure printing inks account for 20%; printing varnish accounts for 5%; printing auxiliaries account for 4%; Printing inks account for 1%.
â—† The biggest increase in output in the Asian Japanese printing ink market is the offset printing market. As a result of production, the production of these printing inks increased by 7%. But the metal printing ink is reduced by 18%.
China's ink industry already has a considerable scale. The integrated production capacity of ink is 250,000 tons per year, which accounts for 6% of the world's ink production. The quality of some major products has approached or reached the advanced level of similar foreign products, except to meet basic domestic needs. The products are also exported to more than 50 countries and regions including Eastern Europe, the United States, Hong Kong, Macao, Taiwan and Southeast Asia. However, compared with the advanced level in foreign countries, there is still a considerable gap.
India Hindustan Ink and Resin Co., Ltd. (HIRL) wants to set up a production base in California, USA, and has established subsidiary Micro Ink Corp., which intends to conduct ink pre-production (semi-finished products) in India, and then Shipped to the United States for further processing. The business policy can later be transferred to other places, such as the major ink markets in Europe and Asia. HIRL expects a significant increase in production capacity abroad.
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