Solvent-Based Inks Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The solvent-based inks market size has grown strongly in recent years. It will grow from $8.9 billion in 2024 to $9.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in digital printing industry, growth in the lamination industry, growth of the transportation industry, and rising investment in solvent-based inks usage.

The solvent-based inks market size is expected to see strong growth in the next few years. It will grow to $11.57 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to packaged material usage in food and consumer packaging applications, rise in popularity of bio-based solvents, increase in ad spending personalization, outdoor advertising and packaging offers, growing demand for printed materials. Major trends in the forecast period include need for high-quality prints, shift towards high-quality prints, customizable options, and durable coatings, focusing on ongoing research and development, integrated solutions, rapid development in ink.

The growing expenditure on printed advertising is expected to drive the expansion of the solvent-based inks market in the coming years. Print advertising spending refers to the cost of advertising in national and local newspapers, magazines, and business publications. This spending is increasing because print media enables advertisers to target specific demographics and niche audiences with accuracy. Additionally, it helps build brand awareness and recognition by repeatedly exposing consumers to a brand's message over time. Solvent-based inks are valued for their resistance to fading and deterioration, ensuring that print advertisements retain their visual appeal and readability for extended periods. These inks are also compatible with high-speed printing equipment, allowing advertisers to produce large volumes of printed materials efficiently and at a lower cost. For example, in June 2024, Thinkbox, a UK-based marketing body, reported that print advertising generated $7.95 (£6.36) in profit for every pound spent, outperforming linear TV and audio in 2023. While print advertising accounts for just 3.3% of total advertising expenditure, it contributes to 4.8% of overall profit. As a result, the rise in printed advertising spending is driving the growth of the solvent-based inks market.

Leading companies in the solvent-based inks market are creating innovative formulations, such as low-odor solvent inkjet inks, to facilitate easy ink swaps while ensuring consistent color performance and print quality. Low-odor solvent inkjet inks are specially formulated with reduced volatile organic compounds (VOCs), which results in less odor during application while still providing vibrant colors and durability across various substrates. For example, in October 2022, Nazdar Ink Technologies, a US-based manufacturer, introduced the Nazdar 2131 Series Solvent Inkjet Inks, designed for high-performance printing on Mutoh ValueJet digital printers. These inks feature a low-odor formulation, making them suitable for a variety of environments. They can be directly substituted for Mutoh Eco-Ultra or MS31 ink sets without the need for flushing or custom profiles, thus minimizing downtime during transitions. Additionally, these inks offer excellent outdoor durability, resisting color fading and chemical damage from UV exposure and environmental pollutants.

In April 2022, Siegwerk Druckfarben AG & Co. KGaA, a German manufacturer of printing inks and individual solutions, acquired La Sorgente Spa. This acquisition not only expands Siegwerk's footprint in Italy but also enhances its infrastructure and workforce in the region. Through this acquisition, Siegwerk gains access to La Sorgente Spa's technical expertise, product portfolio, and manufacturing equipment, strengthening its position in the solvent-based ink market. La Sorgente Spa, an Italy-based manufacturer of solvent-based inks for paper, board, and flexible packaging applications, will continue to operate as a separate entity, retaining its brand and product names.

Major companies operating in the solvent-based inks market are BASF SE, Honeywell International Inc., Mitsubishi Chemical Holdings Corp., 3M Company, Henkel AG & Co. KGaA, Covestro AG, DuPont de Nemours Inc., Arkema SA, Avery Dennison Corporation, Sun Chemical Corporation, Huntsman Corporation, Clariant AG, H.B. Fuller, Altana AG, Flint Group, Ashland Inc., Sakata INX Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Huber Group Holding SE, SICPA Holding SA, Zeller+Gmelin GmbH & Co. KG, Tokyo Printing Ink Mfg. Co. Ltd., Wikoff Color Corporation, Lawter Inc., Heubach GmbH, FUJIFILM Europe GmbH, Eptanova S.R.L.

Asia-Pacific was the largest region in the solvent-based inks market in 2024. It is expected to be the fastest growing region in the market. The regions covered in the solvent-based inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solvent-based inks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solvent-based inks market includes revenues earned by entities by providing services such as color reproduction, color matching and customization, and strong adhesion. The market value includes the value of related goods sold by the service provider or included within the service offering. The solvent-based inks market also includes sales of alcohol-based inks, ester-based inks, ketone-based inks and toluene-based inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Solvent-based inks utilize organic solvents as a carrier fluid for pigment or dye particles in printing formulations. They are employed in flexography, gravure, screen printing, and some inkjet printing processes to produce high-quality, durable, and quick-drying prints on substrates such as paper, plastic, metal, and fabric.

Key products within solvent-based inks include vinyl inks, vinyl-acrylic inks, epoxy inks, polyurethanic inks, and cellulose inks. Vinyl inks, for example, incorporate vinyl resins to impart flexibility and durability to printed materials. These inks are compatible with various printing technologies such as lithographic, gravure, flexographic, screen printing, letterpress, and digital printing, catering to applications in label and packaging, commercial printing, publication, and more.

The solvent-based inks market research report is one of a series of new reports that provides solvent-based inks market statistics, including solvent-based inks industry global market size, regional shares, competitors with a solvent-based inks market share, detailed solvent-based inks market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based inks industry. This solvent-based inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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