Printing Inks - etude de marche

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS 4 $100 Study Reliability and Reporting Limitations.....I-1 Disclaimers.....I-2 Data Interpretation & Reporting Level.....I-2 Quantitative Techniques & Analytics.....I-3 Product Definitions and Scope of Study.....I-3 Lithographic Inks.....I-3 Flexographic Inks.....I-4 Gravure Inks.....I-4 Letterpress Printing Inks.....I-4 Digital Printing Inks.....I-4 Miscellaneous Inks.....I-4 II. EXECUTIVE SUMMARY 128 $2350 1. Industry Overview.....II-1 16 $1600 Current & Future Analysis.....II-1 Snapshots.....II-1 1 $100 Key Trends in a Nutshell.....II-2 2 $200 Rising Global Profile of the Printing Ink Industry.....II-4 Challenges of Going Global.....II-4 Market Dynamics.....II-4 Trends Across the Industry.....II-4 Ink Prices: A Review.....II-4 1 $100 Mounting Raw Material Costs Rock the Printing Ink Industry.....II-5 Manufacturers Resort to Price Hikes.....II-5 1 $100 New Technologies: The Industry�s Saving Grace.....II-6 UV-Curable Ink: Changing the Market�s Revenue Quotient.....II-6 1 $100 Survival Need Triggers Consolidation Trend.....II-7 1 $100 Focus on the Merger of BASF and ANI�s Printing Ink Businesses.....II-8 1 $100 Trends Across Segments.....II-9 Flexography Makes Inroads into Other Inks� Share.....II-9 Demand for Digital Inks Gains Momentum.....II-9 1 $100 UV and EB Inks: The Bucks Start Here.....II-10 Gravure Inks Face Mature Growth.....II-10 Trends Across End-Use Segments.....II-10 Publication & Commercial Printing Industry: Slowing Down.....II-10 1 $100 Asia: A Lone Region Posting Strong Growth.....II-11 Packaging Industry: Pepping Up.....II-11 Packaging Ink Market: A Review.....II-11 Regional Trends.....II-11 Asia Rejuvenates Industry Fortunes.....II-11 1 $100 Europe Hits a Speed Breaker.....II-12 A Mixed Bag for North America.....II-12 1 $100 Competitive Landscape.....II-13 Major Market Participants.....II-13 Table 1: Leading Printing Ink Manufacturers Worldwide (2006): Sales of Dainippon Ink & Chemicals/Sun Chemical, Flint Group, Siegwerk Group, Toyo Ink, Sakata INX, Huber Group, SICPA, Tokyo Printing Ink, Inctec Inc., Fujifilm Sericol International, Dainichiseika Color & Chemicals, T&K Toka, Royal Dutch Printing Ink Van Son, Epple Druckfarben and Sanchez S.A. de C.V. (Sales in US$ Million) (includes corresponding Graph/Chart).....II-13 1 $100 Table 2: Leading Printing Ink Manufacturers Worldwide (2004): Sales of Dainippon Ink & Chemicals/Sun Chemical, Flint Ink, Toyo Ink, Sakata Inx, BASF Drucksysteme GmbH, SICPA, Huber Group, Tokyo Printing Ink, Siegwerk Druckfarben AG, Inctec Inc., ANI Printing Inks, Sericol International, T&K Toka, Dainichiseika Color & Chemicals, Micro Inks and Royal Dutch Printing Ink Van Son (Sales in US$ Million) (includes corresponding Graph/Chart).....II-14 1 $100 Leading Companies and their Product Portfolio.....II-15 2 $200 2. Product Overview and Analysis.....II-17 33 $3300 Evolution of Printing in Relief.....II-17 Classification of Inks by Process.....II-17 1 $100 End-Use Applications.....II-18 Packaging Industry.....II-18 1 $100 Table 3: Printing Inks Market Worldwide by End-Use: Share of Packaging, Commercial Printing, Publishing, and Others: 2001-2005 (includes corresponding Graph/Chart).....II-19 Commercial Printing Industry.....II-19 Publication Ink: Battling Lethargy.....II-19 What�s Ailing the Publication Industry?.....II-19 1 $100 Increasing Ad Spends: The Only Ray of Hope.....II-20 Newspaper Industry Makes a Last Ditch Effort to Rise Above the Crises.....II-20 Innovations in Publication Ink Bodes the Promise of a Revival.....II-20 Detailed Insight into Ink Segments.....II-20 A. Lithographic Inks.....II-20 Description.....II-20 1 $100 Lithographic Presses and Printing.....II-21 Unit-Design.....II-21 Common Impression Cylinder Design.....II-21 Blanket-to-Blanket Design.....II-21 Sub-Processes in Lithography.....II-21 Sheetfed Offset Process.....II-21 1 $100 Heatset Web Offset Process.....II-22 Non-heatset Web Offset.....II-22 The Process.....II-22 Plates Use in Lithographic Printing.....II-22 1 $100 Surface Plates.....II-23 Deep-etch Plates.....II-23 Bi-Metal Plates.....II-23 B. Flexographic Inks.....II-23 Definition.....II-23 1 $100 Table 4: Flexo Application in Packaging: Market Share of Flexible Packaging, Paper Bags, Corrugated, Labels, and Folding Carton: 1996, 2000 & 2004 (includes corresponding Graph/Chart).....II-24 Advantages.....II-24 Types.....II-24 Solvent Inks.....II-24 Water-Based Inks.....II-24 1 $100 Other Types.....II-25 Laminating Inks.....II-25 1 $100 Energy-Curable Inks.....II-26 UV Flexo.....II-26 Advantages.....II-26 Electron Beam Inks.....II-26 The Process.....II-26 1 $100 Platemaking.....II-27 Presses and Printing.....II-27 Central Impression Cylinder (CIC).....II-27 In-line Flexography Presses.....II-27 Newspaper Flexographic Presses.....II-27 Commercial Publication Flexographic Presses.....II-27 1 $100 C. Gravure Inks.....II-28 Description.....II-28 Types of Gravure Inks & their Applications.....II-28 The Process.....II-28 1 $100 Gravure Presses and Printing.....II-29 Gravure Cylinder Making (Gravure).....II-29 1 $100 Types of Etching for Different Purposes.....II-30 Types of Gravure Printing Based on Substrate.....II-30 Publication Gravure.....II-30 1 $100 Packaging Gravure.....II-31 Product Gravure.....II-31 Applications of Gravure Inks.....II-31 End-Use Markets.....II-31 Folding Cartons.....II-31 1 $100 Flexible Packaging.....II-32 Specialty Sector.....II-32 Rotogravure Inks.....II-32 1 $100 Intaglio.....II-33 D. Letterpress Printing Inks.....II-33 The Process.....II-33 1 $100 Letterpress Platemaking.....II-34 Original Plates.....II-34 Duplicate Plates.....II-34 Letterpress Presses and Printing.....II-34 Platen Presses.....II-34 1 $100 Flat-Bed Presses.....II-35 Rotary Presses.....II-35 E. Digital Printing Inks.....II-35 Definition.....II-35 Overview.....II-35 1 $100 Who Makes Inkjet Printing Inks.....II-36 Market Highlights.....II-36 Trends in the Ink-Jet Printing Market.....II-36 Wide-Format Markets - Emerging Sector.....II-36 UV Curable Inks � Gaining New Interest.....II-36 1 $100 Digital Photography � Creating Significant Impact.....II-37 Corrugated Industry - Another Prospective Market.....II-37 Textiles �Provide Exciting Opportunities.....II-37 Corporate Alliances in the Ink Jet Business.....II-37 F. Miscellaneous Inks.....II-37 1 $100 Special Types of Inks.....II-38 Solvent-Based Evaporating Inks.....II-38 Two-Part or Reactive (Catalyst Curing) Inks.....II-38 Oxidation-Drying Inks.....II-38 1 $100 Baking Inks.....II-39 Sublimation Inks.....II-39 Ceramic and Glass Thermoplastic Inks.....II-39 Other Categories of Specialty Inks.....II-39 Metallic Inks.....II-39 1 $100 Watercolor Inks.....II-40 Cold-Set Inks.....II-40 Magnetic Inks.....II-40 Invisible Inks.....II-40 1 $100 Specialty Inks in Packaging.....II-41 Drawbacks.....II-41 1 $100 Hybrid Inks.....II-42 Benefits.....II-42 Evolution of Hybrid Inks.....II-42 1 $100 Use of Hybrid Inks in Plastics.....II-43 Vegetable Oil Based Inks.....II-43 Soy-Based Printing Inks.....II-43 Benefits.....II-43 1 $100 Applications.....II-44 In Lithographic Printing.....II-44 In Flexographic Printing.....II-44 Newsprint Recycling.....II-44 Different Series of Oil Based Inks.....II-44 Imagelith 1NK.....II-44 Imagelith.....II-44 Imagelith Plus.....II-44 1 $100 Energy Curable Inks.....II-45 UV Cured Inks.....II-45 An Overview of Printing Processes.....II-45 1 $100 Lithography.....II-46 Gravure.....II-46 Flexography.....II-46 Other Plateless Printing Processes.....II-46 Prepress Operations: An Introduction.....II-46 Typesetting and Composition.....II-46 1 $100 Copy Assembly and Process Photography.....II-47 Image Carrier Preparation.....II-47 Relief Printing.....II-47 Planographic Printing.....II-47 Intaglio Printing.....II-47 Screen Printing.....II-47 Plateless Processes.....II-47 1 $100 Image Carrier Preparations.....II-48 Press Operations.....II-48 Postpress Operations.....II-48 Binding.....II-48 Screen Printing Inks.....II-48 1 $100 Applications.....II-49 Product Categories.....II-49 1 $100 3. Raw Materials Overview.....II-50 8 $800 Pigments.....II-50 A Key Constituent Used in Printing Inks.....II-50 Primary Makers of Pigments.....II-50 1 $100 Table 5: Leading Pigment Manufacturers in Europe and the US: Revenue Market Share of Sun Chemicals, Ciba Specialty Chemicals, Clariant, BASF, and Others: 2002-2005 (includes corresponding Graph/Chart).....II-51 Table 6: Pigment Consumption by End-Use: Market Share of Printing Inks, Paints and Coatings, Plastics and Others: 2005 (includes corresponding Graph/Chart).....II-51 Organic Pigments.....II-51 Market Participants.....II-51 1 $100 Historic Scenario.....II-52 Table 7: Colored Pigments Market Worldwide by Region: Market Shares of Western Europe, North America, Asia, and Rest of World: Historic Data for the Mid-90s (includes corresponding Graph/Chart).....II-52 Table 8: Pigments Market Worldwide by Application: Market Share of Publication Ink, Packaging, Newsprint, Packaging, and Specialty: Historic Data for 1999 (includes corresponding Graph/Chart).....II-52 Organic Pigment Powders.....II-52 Synthetic Organic Pigments.....II-52 1 $100 Types of Organic Pigments Based on Quality.....II-53 Flush Quality.....II-53 Dispersion Quality.....II-53 Microencapsulated Quality.....II-53 Press Cake Quality.....II-53 Toner Quality Powder.....II-53 Classification of Organic Pigments Based on Color.....II-53 Fluorescent Organic Pigments.....II-53 1 $100 Inorganic Pigments.....II-54 Physical Properties.....II-54 Types of Inorganic Pigments.....II-54 Carbon Black.....II-54 Frankfurt Black.....II-54 Extenders and Fillers.....II-54 1 $100 Metallic Pigments.....II-55 Luminescent Type Pigments.....II-55 Pearlescent Pigments.....II-55 Industry Trends.....II-55 1 $100 Resins.....II-56 Overview.....II-56 Potential Market.....II-56 Polyvinyl Butyral Resins Family.....II-56 Sulfopolyester Resins.....II-56 Applications.....II-56 1 $100 Features of Pre and Post Metallization Primers.....II-57 1 $100 4. Environmental Issues.....II-58 3 $300 Need to Reduce Usage of Solvents in Inks.....II-58 Role of EPA in Regulating the Use of Flexo Inks.....II-58 1 $100 Waste Ink Dilemma.....II-59 Oil Retention in Inks: A Crucial Issue.....II-59 1 $100 Drive Towards Controlling VOC Emissions.....II-60 1 $100 5. Product Launches.....II-61 7 $700 SunJet� Introduces PerSona� Inks.....II-61 Sun Chemicals Introduces Range of Sheetfed Inks.....II-61 Sun Chemical Launches New Sheetfed Process Ink, Exact PSO.....II-61 Jetrion Releases Jetrion 4000 Series Inkjet System.....II-61 1 $100 Van Son Unveils Van Son ArtColour UV-R E3 Pigmented Nano Technology Inks.....II-62 XSYS Print Introduces Uvoscreen OPQ, a Customized UV Screen Ink.....II-62 Sun Chemical Launches 'WetFlex' New Printing Process.....II-62 1 $100 Researchers From France Develop New Sublimable Pad-Printing Ink.....II-63 Ferro Showcases New Generation Inks for KERAjet Digital Printing.....II-63 Jetrion and SIRA Technologies to Jointly Develop Thermo-Chromic Inkjet Ink.....II-63 1 $100 Sun Chemical Develops Solarcat�, a New Ink Technology.....II-64 Marabu Introduces Ultraglass UVGO, a UV Ink System.....II-64 RUCO Druckfarben Introduces 070UV Inks.....II-64 RUCO Launches New T40 Series Pad Printing Inks.....II-64 1 $100 RUCO Introduces New 935UV Series Screen Printing Inks.....II-65 Sakata Inx Introduces VOC-Free Sheet-Fed Ink.....II-65 Siegwerk Introduces Toluene-Free Printing Ink for the Asian Market.....II-65 SAKATA Extends its Product Portfolio.....II-65 Xink Introduces New Product Line in Printing Inks.....II-65 CREO and XINK Introduce New Flexographic Ink.....II-65 1 $100 SICPA Launches Rainbow Effect Ink.....II-66 Flint Ink Introduces Arrowlith UV inks.....II-66 Flint Ink Launches ArrowStar Ink System.....II-66 Flint Ink Launches ArrowStarTM KG.....II-66 Flint Ink Introduces New Arrowbond Ultra ink.....II-66 Flint Ink Launches Rub'nSmell Scented Inks.....II-66 Sun Chemical Launches Solaris for Narrow Web Printers.....II-66 Van Son Introduces Vs5 Ink for Sheetfed Applications.....II-66 1 $100 Environmental Ink Launches New Products.....II-67 Flint Ink Introduces X-TREME Dispersion Colorants.....II-67 1 $100 6. Product Launches in Recent Past.....II-68 7 $700 Akzo Nobel Launches New Flexocure Gemini Low Odor UV Flexo Inks.....II-68 Uvitec Printing Ink Launches Press Evaluation Service, Opti-Press.....II-68 Kohl & Madden to Launch New Printing Inks.....II-68 BASF Printing Systems Expands its Ink Series.....II-68 Flint Ink Introduces ARROWMAXTM 1000.....II-68 Flint Ink Launches UV-Curable Inks, DURACURETM.....II-68 Flint Ink Introduces Fast-Curing MATRIXCURE-WEB.....II-68 Sun Chemical Introduces Advance Hy-Bryte Hybrid Inks.....II-68 1 $100 Sun Chemical Creates New Gravure and Flexo Inks for Shrink Sleeves.....II-69 Van Son Extends the Quickson Ink Line.....II-69 Van Son� Adds FR and CR Inks to DIGI-INK� Product Line.....II-69 Tetenal Develops New Range of Inks for Inkjet Printing.....II-69 Eckart America Introduces Mirror Effect Ink.....II-69 UV Color Introduces a New Product that Creates 3-D and Embossed Films.....II-69 1 $100 Base-Line Unveils New Cartridges and Bulk Inks.....II-70 Colorcon Introduces New No-Tox Printing Inks.....II-70 Sawgrass Offers New Sublimations Inks and Toners.....II-70 INX International Launches UNICure line of Hybrid Litho Inks.....II-70 Flint Ink Introduces Three New Arrowjet DOD Line of Inks.....II-70 Ruco Printing Inks Introduces Latest UV Screen Printing Inks.....II-70 1 $100 Flint Ink Launches Single-Fluid Ink Technology.....II-71 Akzo Nobel Inks Introduces New UV-Curable Flexographic Printing Inks.....II-71 Nazdar Launches New Range of Digital Inks.....II-71 Printcolor Screen Enhances Graphic and Industrial Pad Printing Inks.....II-71 Arcar Graphics Launches Innovative Flexographic Inks.....II-71 Borden Graphics Introduces Black Inks.....II-71 1 $100 Akzo Nobel Inks Corp Introduces Metalglow S Screen Metallic Inks.....II-72 Environmental Inks & Coatings Launches New Ink System.....II-72 Flint Ink Corp and Spectra Introduce Nova-Q.....II-72 Sericol Launches Uvivid 800 Series.....II-72 Spectra, Inc Introduces Seurat UV Curable Printing Inks.....II-72 Akzo Nobel Launches Foilbond.....II-72 Keane Graphic Products Launches Reformulated Version of the Alpha-Universal Pantone Inks.....II-72 1 $100 Akzo Nobel Introduces Flexocure HD.....II-73 SIPCA Introduces New Lamination Ink.....II-73 Lyson Launches Small Gamut Range of Ink-Jet Inks.....II-73 Deco-Chem Develops UV Flexo Inks for High Speed Printing.....II-73 US Ink Launches Spectra Max Color Inks.....II-73 Intercolor Launches Omnicure Low Odor UVFlexo Ink.....II-73 1 $100 Mirage Inks Launches Everest and Aquaclave.....II-74 Van Son Holland Introduces ArtColour.....II-74 1 $100 7. Recent Industry Activity.....II-75 11 $1100 HSC Acquires Akzo Nobel�s Business of Ink & Adhesive Resins.....II-75 Siegwerk Acquires Sicpa- Sarno.....II-75 National Starch Acquires the Adhesive and Printing Ink Technology of XINK.....II-75 Synnex Canada Signs Agreement to Purchase Azerty United�s Ink & Toner Business.....II-75 1 $100 Sakata Establishes a Distribution Office for Multiple Inks in China.....II-76 Sakata to Set Up an Ink Production Facility in India.....II-76 Nor-Cote International Plans Expansions in Singapore and China.....II-76 Zeller+Gmelin Establishes a Partnership with DataLase.....II-76 1 $100 Sakata India Plans to Invest for a New Gravure Printing Ink Plant in India.....II-77 Indian Ink Plans to Expand its Printing Inks Capacity in Uttaranchal.....II-77 INX and La Crosse Join Forces for Distributing INX Products.....II-77 Sakata Inx Enters into an Agreement with Triangle Digital.....II-77 Sun Chemical Inks Deal with DataLase to Sell DataLase Inks.....II-77 1 $100 Sun Chemical�s AiC Division Signs a Marketing Agreement with NAMSA.....II-78 Flint Establishes Fluid Ink Production Plant in China.....II-78 1 $100 Fuji Photo Film Acquires Sericol Group.....II-79 ANI Purchases Marco Australia.....II-79 XSYS Acquires Flint Ink.....II-79 BASF Expands Pigment Production Capacity in Germany.....II-79 Inksolutions LLC Takes Over Bria Graphics.....II-79 David Allison Headed Private Group Acquires CompuPrint Ventures.....II-79 1 $100 Wikoff Color Takes Over Frontier Printing.....II-80 Huber Group Purchases Majority Stake in Micro Inks.....II-80 SICPA Divests its Packaging Inks Division to Siegwerk Group.....II-80 Consolidated Graphics Acquires Kelmscott Communications.....II-80 1 $100 Nor-Cote Acquires Ink Source Inc.....II-81 Nanojetink Enters into New Export Business.....II-81 BASF Printing Systems Continues Operations with BASF Paper Development Plant.....II-81 Sun Chemical Acquires Rycoline.....II-81 ANI Acquires Macro Australia.....II-81 DIC Establishes New Plant in Vietnam.....II-81 1 $100 Dainippon Expands Resin Capacity of its Chinese Unit.....II-82 CVC Wins EC Approval to Acquire ANI and BASF Inks.....II-82 Sun Chemical Acquires Turkish Printing Ink Manufacturer.....II-82 Apollo Colors Acquires National Printing Inks Company.....II-82 CVC Capital Partners Acquires BASF.....II-82 Apollo Management Signs Agreement with Borden.....II-82 1 $100 Apollo Management Enters into an Agreement with Eastman Chemical Company.....II-83 INX International Buys Holliday Encres.....II-83 Sun Chemical Alliances with QinetiQ.....II-83 Wikoff Color Acquires Century Color.....II-83 Wikoff Color Acquires Assets of Merit Ink.....II-83 Flint Ink Establishes New Manufacturing Unit in China.....II-83 Flint Ink Sets Up Production Facility in Australia.....II-83 Stena Milj� Signs Distribution Agreement with Flint-Schmidt.....II-83 1 $100 Flint Ink Upgrades its Austria facility.....II-84 Flint Ink Combines Asian Facilities.....II-84 Flint Ink Opts IPMM for Distribution Operations.....II-84 Nazdar Signs Agreement with Encres Dubuit.....II-84 CRI Inaugurates New Production Facility.....II-84 Environmental Inks Signs Agreement with Macro.....II-84 Acheson Colloid Co Forms Partnership with ANI Printing Inks.....II-84 1 $100 Avecia Develops Innovative Printing Inks.....II-85 Sakata Inx Sets up New Unit in Joint Venture with Chinese Firm.....II-85 Eckart Launches Metallic Printing Inks.....II-85 Akzo Nobel Inks Changes Name to ANI Printing Inks.....II-85 1 $100 8. Strategic Developments in Recent Past.....II-86 8 $800 Flint Ink and Sicpa Complete Swap Transactions.....II-86 Siegwerk Group Acquires Color Converting LLC.....II-86 DIC Group Purchases Bayer Polymer�s Organic Pigments Division.....II-86 Akzo Nobel Inks Acquires Trenal S.A......II-86 Sun Chemical Corp Establishes Production Plant in Poland.....II-86 Environmental Inks and Coatings Buys Arcar Graphics.....II-86 1 $100 Flint Ink Establishes PRECISIA LLC.....II-87 Sicpa Invests in St Petersburg Colour Center.....II-87 Coates Screen and Sun Chemical Consolidate Select Operations.....II-87 Sun Chemical Expands its St. Charles Production Facility.....II-87 Flint Ink Disposes Off Primary Water-Based Coating Assets.....II-87 Sensient Technologies Buys Formulabs Iberica S.A.....II-87 SunGraphics Sets Up Production Facility in California.....II-87 Sun Chemical Forms Services and Distribution Company, Vivitek.....II-87 1 $100 Nantong DIC Color Co Sets Up Organic Pigment Plant.....II-88 Shenzhen Coates Lorilleux Chemicals Sets Up Production Plant.....II-88 BASF Printing Systems Signs Distribution Agreement with Pomeroy Pressroom.....II-88 Inca Columbia Receives First UK Order from Cestrian.....II-88 TBD Buys National Printing Ink Company.....II-88 Noveon Acquires Production Facilities from Flint.....II-88 Saratoga Partners Buys Sericol.....II-88 Shenzhen Coates Establishes Largest Newspaper Printing Inks Plant.....II-88 Sun Chemical Alliances with InkSure.....II-88 1 $100 SICPA Establishes New Production Facility in Belgium.....II-89 3D Structures from Colloidal Inks.....II-89 Sun Chemical Acquires 50% Interest in AIC.....II-89 Sensient Acquires SynTec GmbH and ECS Specialty Inks and Dyes.....II-89 Flint Inks and Gebr. Schmidt Form Flint-Schmidt GmbH.....II-89 1 $100 Dainippon Plans to Increase Ink Output.....II-90 Akzo Nobel Resins Acquires Solutia's Printing Inks Resins Unit.....II-90 Color Resolutions Acquires Printing Ink Unit of Borden Chemical Inc.....II-90 Flint Ink Acquired Majority Stake in Incowax.....II-90 BASF Forms Alliance with Xpedx.....II-90 BASF�s North American Printing Systems Group Forges Alliance with Heidelberg Canada.....II-90 DuPont Signs Market Development Pact with Spectra.....II-90 Sun Chemical Sets up Sunjet.....II-90 1 $100 Flint Ink Europe Inaugurates Ink Plant in Helmond, Netherlands.....II-91 Hindustan Inks & Resins Inaugurates New Subsidiary.....II-91 Sun Chemical Acquires TotalFina�s Coates Lorilleux.....II-91 Sun Chemical Buys Thomas Printing Ink Inc and American Printing Ink.....II-91 Sun Chemical on a Buying Spree.....II-91 1 $100 Flint Ink�s Acquisition Deals.....II-92 Akzo Nobel Resins and Eka Chemicals Sign Alliance Deal with Nares Lda.....II-92 Rutland Plastic Technologies Inks Agreement with Northwest Sign Supply.....II-92 Nazdar Signs Agreement with Wilflex.....II-92 Digitrex Signs Agreement with Sawgrass Systems.....II-92 Nazdar Signs Agreement with Sam Wo International Printing Equipment Ltd.....II-92 1 $100 Ferguson International Rotatec Appoints BASF Printing Systems as Exclusive Supplier.....II-93 Braden Sutphin Ink Sets Up UV Flexo Ink Plant.....II-93 Van Son Holland Ink Sets up Van Son Digital Division.....II-93 SICPA Sets Up New Applications Facility.....II-93 Sun Chemicals Hartmann Druckfarben unit Sets Up New Plant.....II-93 Sun Chemical Gibbon Inaugurates Printing Inks Plant.....II-93 1 $100 9. Focus on Select Global Players.....II-94 7 $700 Brancher Company, France.....II-94 CROMOS S.A. TINTAS GRAFICAS, Brazil.....II-94 Dainichiseika Color & Chemicals, Japan.....II-94 Dainippon Ink and Chemicals, Japan.....II-94 1 $100 Sun Chemical Corp.....II-95 Environmental Inks and Coatings Corp, US.....II-95 Encres Dubuit, France.....II-95 1 $100 Epple Druckfarben AG, Germany.....II-96 Flint Group, Germany.....II-96 Huber Group, Germany.....II-96 Inctec Inc, Japan.....II-96 Micro Inks Ltd, India.....II-96 1 $100 Royal Dutch Printing Ink Factories Van Son, Holland.....II-97 Ruco Druckfarben/AM Ramp & Co GmbH, Germany.....II-97 Sakata Inx Corporation, Japan.....II-97 1 $100 INX International, US.....II-98 Sanchez SA de CV, Mexico.....II-98 Siegwerk Group, Germany.....II-98 1 $100 Sicpa Group, Switzerland.....II-99 Sicpa Securink Corporation.....II-99 Sicpa North America Inc.....II-99 T & K Toka Co Ltd, Japan.....II-99 Tokyo Printing Ink Mfg Co, Japan.....II-99 Toyo Ink Manufacturing Co Ltd, Japan.....II-99 1 $100 ZELLER+GMELIN GMBH, Germany.....II-100 1 $100 10. Global Market Perspective.....II-101 28 $2800 Printing Inks.....II-101 Table 9: World Recent Past, Current & Future Analysis for Printing Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-101 1 $100 Table 10: World 10-Year Perspective for Printing Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-102 1 $100 Table 11: World Recent past, Current & Future Analysis for Printing Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-103 1 $100 Table 12: World 10-Year Perspective for Printing Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-104 1 $100 Lithographic Inks.....II-105 Table 13: World Recent Past, Current & Future Analysis for Lithographic Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-105 1 $100 Table 14: World 10-Year Perspective for Lithographic Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-106 1 $100 Table 15: World Recent Past, Current & Future Analysis for Lithographic Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-107 1 $100 Table 16: World 10-Year Perspective for Lithographic Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-108 1 $100 Flexographic Inks.....II-109 Table 17: World Recent Past, Current & Future Analysis for Flexographic Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-109 1 $100 Table 18: World 10-Year Perspective for Flexographic Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-110 1 $100 Table 19: World Recent Past, Current & Future Analysis for Flexographic Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-111 1 $100 Table 20: World 10-Year Perspective for Flexographic Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-112 1 $100 Gravure Inks.....II-113 Table 21: World Recent Past, Current & Future Analysis for Gravure Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-113 1 $100 Table 22: World 10-Year Perspective for Gravure Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-114 1 $100 Table 23: World Recent Past, Current & Future Analysis for Gravure Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-115 1 $100 Table 24: World 10-Year Perspective for Gravure Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-116 1 $100 Letterpress Inks.....II-117 Table 25: World Recent Past, Current & Future Analysis for Letterpress Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-117 1 $100 Table 26: World 10-Year Perspective for Letterpress Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-118 1 $100 Table 27: World Recent Past, Current & Future Analysis for Letterpress Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-119 1 $100 Table 28: World 10-Year Perspective for Letterpress Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-120 1 $100 Digital Inks.....II-121 Table 29: World Recent Past, Current & Future Analysis for Digital Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-121 1 $100 Table 30: World 10-Year Perspective for Digital Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-122 1 $100 Table 31: World Recent Past, Current & Future Analysis for Digital Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-123 1 $100 Table 32: World 10-Year Perspective for Digital Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-124 1 $100 Other Printing Inks.....II-125 Table 33: World Recent Past, Current & Future Analysis for Other Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-125 1 $100 Table 34: World 10-Year Perspective for Other Inks by Geographic Region- Percentage Breakdown of Volume Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-126 1 $100 Table 35: World Recent Past, Current & Future Analysis for Other Inks by Geographic Region- US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....II-127 1 $100 Table 36: World 10-Year Perspective for Other Inks by Geographic Region- Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia�Pacific (excluding Japan), Middle East, and Latin American Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....II-128 1 $100 III. MARKET 164 $2150 1. The United States.....III-1 59 $4425 A. Market Analysis.....III-1 Outlook.....III-1 Volume Market � An Analysis.....III-1 1 $75 Trends & Issues.....III-2 US Printing Ink Market: Fraught with Challenges.....III-2 Radiation-Curable Inks: Poised for Growth.....III-2 1 $75 Digital Printing Eclipses Traditional Methods.....III-3 Petroleum Based Inks Fight Back.....III-3 1 $75 Letterpress Faces Massive Decline.....III-4 Shift from Solvent to Water-Based Ink Technology.....III-4 New Printing Technologies Alter Industry Landscape.....III-4 1 $75 Technological Advancements Drive Market Growth.....III-5 Environmental Regulations Affect Industry�s Prospects.....III-5 Eco-Friendly Ink Products Make Inroads.....III-5 1 $75 Vegetable Oil based Inks: Insight Into North America�s Winning Formula.....III-6 1 $75 TAP: A Strong Science Base in North America.....III-7 Finer Points of Functionality Offered by Vegetable-Based Inks.....III-7 Public Policies: A Prime Growth Stimulant.....III-7 1 $75 Soy Ink: Dreaming Big.....III-8 Table 37: Soy Ink Market Penetration in North America by Type � Newspaper, Black, Color, Sheetfed and Heatset (includes corresponding Graph/Chart).....III-8 Table 38: Soy Consumption in Different Inks: Sheetfed, Heatset, and Newspaper (includes corresponding Graph/Chart).....III-8 1 $75 Soy-Based Ink Products from Select Companies.....III-9 Reaching Out to Newer Turfs.....III-9 Advancements in Vegetable Oil based Ink Technology.....III-9 New Soy Ink for Imprinting Baby Feet.....III-9 On Cards: Innovative De-Inkable Soy Toner.....III-9 1 $75 Soy Powered UV Curable Lithographic Inks.....III-10 New Soy Based Textile Printing Ink.....III-10 Soy Ink for Ballpoint Pens.....III-10 Use of Biochemicals in Inks.....III-10 Competitive Landscape.....III-10 A Mix of Global and Regional Players.....III-10 Strategic Acquisitions Lead to Consolidation.....III-10 1 $75 Table 39: Major Ink Producers in North America: Market Share of Sun Chemicals, Flint Group, INX International, Siegwerk/CCI, and Others: 2003-2005(includes corresponding Graph/Chart).....III-11 Table 40: Major Printing Markets in the US (Historic Data): Share of Chicago, Los Angeles, New York, Philadelphia, Minneapolis, Boston, Washington, Atlanta, Dallas, and Nassau for 2000 (Based on Shipments in US$ Billion) (includes corresponding Graph/Chart).....III-11 Segmental Analysis.....III-11 Flexographic Inks.....III-11 Growth above Industry Average.....III-11 1 $75 Emergence of UV Flexo: Adding Feather in the Cap.....III-12 Table 41: Breakup of Flexographic Printing Inks Market by Formulation in the US: Percentage Share of Water-based, Solvent-based, and Energy-Cured and Others from 2000-2006 (includes corresponding Graph/Chart).....III-12 1 $75 Table 42: Primary Manufacturers of Flexographic Printing Inks in the US: Market Share of Sun Chemical, Flint Group, Sakata/INX International, and Others: 2003-2005 (includes corresponding Graph/Chart).....III-13 Table 43: Flexographic Printing Market by End-Use in the US: Share of Corrugated/ Preprint Production, Flexible-Film Packaging, Folding Cartons, Labels, Envelopes, Paper Bags & Multi-Wall Sacks, and Newspapers: 2005 (includes corresponding Graph/Chart).....III-13 Lithographic Inks.....III-13 The Leading Segment.....III-13 1 $75 Table 44: Primary Manufacturers of Lithographic Printing Inks in the US: Market Share of Sun Chemical, Flint Group, INX International, and Others: 2003-2005E (includes corresponding Graph/Chart).....III-14 Table 45: US Lithographic Printing Inks Market by End-Use: Percentage Share of Publishing, Packaging, Commercial Printing, and Others from 2000 to 2006 (includes corresponding Graph/Chart).....III-14 1 $75 Table 46: Breakup of Lithographic Printing Inks Market by Formulation in the US: Percentage Share of Water-based, Solvent-based, Vegetable Oil/Waterless-based, and Energy-Cured from 2000-2006 (includes corresponding Graph/Chart).....III-15 Gravure Inks.....III-15 Low Cost Alternative to Flexo and Offset.....III-15 1 $75 Table 47: Leading Makers of Gravure Inks in the US: Market Share of Sun Chemical, Flint Group, Seigwerk, and Others: 2003-2005 (includes corresponding Graph/Chart).....III-16 Table 48: Breakup of Gravure Inks by Formulation in the US: Percentage Share of Solvent-based, Water-based, and Others: 2005 (includes corresponding Graph/Chart).....III-16 Table 49: Breakup of Gravure Inks by End-Use Segments in the US: Percentage Share of Publication, Packaging, and Product End-Use: 2005 (includes corresponding Graph/Chart).....III-16 1 $75 Digital Inks.....III-17 The Fastest Growing Sector.....III-17 Table 50: Breakup of Digital Printing Inks Market by Formulation in the US: Percentage Share of Water-based, Solvent-based, and Energy-Cured and Others from 2000 to 2006 (includes corresponding Graph/Chart).....III-17 Superwide-Format Digital Printing.....III-17 Table 51: Technology-Wise Breakup of Printing Ink Production in the US: Output Share of Screen Printing, Digital Inkjet, CAD, Photographic, and Offset: 2005 (includes corresponding Graph/Chart).....III-17 1 $75 Table 52: Primary Producers of Digital Prepress in the US: Market Share of Applied Graphics Technologies, Laser Tech Color/The LTC Group, Schwak, American Color, Banta Digital Group, Insync Media, Color Associates, Primary Color, Quality House of Graphics, and Graphic Art Service Inc: Historic Data for 2000 (includes corresponding Graph/Chart).....III-18 End-User Profile.....III-18 Packaging: Largest End-User.....III-18 Table 53: Categories of Printing Ink Used in Packaging: Market Share of Flexographic, Lithographic, and Gravure: 2005(includes corresponding Graph/Chart).....III-18 1 $75 Publication Inks: Intensely Competitive.....III-19 Table 54: Printing and Publishing Sector in the US: Market Share of Newspaper, Magazines, Books, Catalog, Forms, Computer Printers, Copiers, and Others: 2005 (includes corresponding Graph/Chart).....III-19 Table 55: Major End Uses of Inks in the US: Market Share of Publishing, Packaging, Commercial Printing, and Others: 2005 (includes corresponding Graph/Chart).....III-19 News Ink Printers: Striving to Regain Readership.....III-19 1 $75 Review of the Printing Inks Market in the Recent Past.....III-20 Review of Year 2003.....III-20 1 $75 Review of Year 2002.....III-21 Review of Year 2001.....III-21 1 $75 Review of Year 2000.....III-22 Historical Evolution of Printing Inks.....III-22 Evolution of Letterpress Printing.....III-22 Emergence of Stone Printing or Lithography.....III-22 1 $75 Evolution of Heatset Inks.....III-23 Aniline Printing.....III-23 1 $75 Imports � Exports Scenario.....III-24 Imports.....III-24 Table 56: US Imports of Offset Lithographic Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-24 Table 57: US Imports of Flexographic Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-24 Table 58: US Imports of Gravure Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-24 1 $75 Table 59: US Imports of Letterpress Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-25 Table 60: US Imports of News Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-25 Table 61: US Imports of Offset Lithographic Printing Inks (Other Than Black), by Country: 2004 (includes Corresponding Graph/Chart).....III-25 1 $75 Table 62: US Imports of Flexographic Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-26 Table 63: US Imports of Gravure Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-26 Table 64: US Imports of Letterpress Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-26 Table 65: US Imports of News Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-26 1 $75 Table 66: US Imports of Offset Lithographic Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-27 Table 67: US Imports of Flexographic Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-27 Table 68: US Imports of Gravure Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-27 1 $75 Table 69: US Imports of Letterpress Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-28 Table 70: US Imports of News Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-28 Exports.....III-28 Table 71: US Domestic Exports of Flexographic Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-28 1 $75 Table 72: US Domestic Exports of Gravure Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-29 Table 73: US Domestic Exports of Letterpress Printing Inks (Black), by Country: 2004.....III-29 1 $75 Table 74: US Domestic Exports of News Printing Inks (Black), by Country: 2004 (includes corresponding Graph/Chart).....III-30 Table 75: US Domestic Exports of Offset Lithographic Printing Inks (Other Than Black), by Country: 2004.....III-30 1 $75 Table 76: US Domestic Exports of Flexographic Printing Inks (Other Than Black), by Country: 2004.....III-31 Table 77: US Domestic Exports of Gravure Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-31 1 $75 Table 78: US Domestic Exports of Letterpress Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-32 Table 79: US Domestic Exports of News Printing Inks (Other Than Black), by Country: 2004 (includes corresponding Graph/Chart).....III-32 1 $75 Table 80: US Domestic Exports of Offset Lithographic Printing Inks (Black), by Country: 2003.....III-33 Table 81: US Domestic Exports of Flexographic Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-33 1 $75 Table 82: US Domestic Exports of Gravure Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-34 Table 83: US Domestic Exports of Letterpress Printing Inks (Black), by Country: 2003.....III-34 1 $75 Table 84: US Domestic Exports of News Printing Inks (Black), by Country: 2003 (includes corresponding Graph/Chart).....III-35 Raw Material Scenario.....III-35 Table 85: Various Raw Materials Used in Printing Inks in the US: Volume-Based Percentage Share of Resins, varnishes and rosin, Pigments and carbon black, Oxygenated solvents, Hydrocarbon solvents and oils, and Additives: 2005 (includes corresponding Graph/Chart).....III-35 1 $75 Table 86: Various Raw Materials Used in Printing Inks in the US: Consumption of Resins, varnishes and Rosin, Pigments and Carbon Black, Oxygenated Solvents, Hydrocarbon Solvents and Oils, and Additives: Recent Past Data for 2001 (includes corresponding Graph/Chart).....III-36 Table 87: Consumption of Dye and Organic Pigments in Printing Inks in the US: 2000-2005 (includes corresponding Graph/Chart).....III-36 1 $75 Pigments: A Dynamic Business.....III-37 Table 88: Demand for Dye & Organic Pigments in the US: Sales for Textiles, Printing Inks, Paint and Coatings, Plastics, and Others: Historic Data for 1995 & 2000 (includes corresponding Graph/Chart).....III-37 Table 89: Pigments Consumption in the US - Carbon Black, Extenders and Fillers, Organic Pigments (Toners and Lakes), Titanium Dioxide, Inorganic Color, Pigments Gravure, and Others: Historic Data for the Mid 90s (includes corresponding Graph/Chart).....III-37 1 $75 Specialty Acrylates.....III-38 Colorants.....III-38 Resins.....III-38 Table 90: Use of Different Resin Types in Printing Inks in the US: Consumption of Rosin Ester Adducts, Hydrocarbon, Hard Thermoset (Alkyds), Acrylic (Water Emulsions and Solutions), Polyamide (Dimer), Metallized Rosins, Gilsonite, Nitrocellulose, and Others: Recent Past Data for 2001 (includes corresponding Graph/Chart).....III-38 1 $75 Table 91: Printing Inks Raw Materials Market in the US: Resin Consumption in Rosin Ester Adducts, Hydrocarbon, Hard Thermoset (Alkyds), Acrylic (Water emulsions and solutions), Polyamide (dimer), Metallized Rosins, Gilsonite, Nitrocellulose, and Others: Historic Data for the Mid 90s (includes corresponding Graph/Chart).....III-39 Product Launches.....III-39 3 $225 Product Launches in Recent Past.....III-42 5 $375 Strategic Corporate Developments.....III-47 4 $300 Strategic Developments in Recent Past.....III-51 5 $375 Key Players.....III-56 2 $150 B. Market Analytics.....III-58 Volume Analytics.....III-58 Table 92: US Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-58 Table 93: US 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes Corresponding Graph/Chart).....III-58 1 $75 Dollar Analytics.....III-59 Table 94: US Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-59 Table 95: US 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-59 1 $75 2. Canada.....III-60 7 $525 A. Market Analysis.....III-60 Outlook.....III-60 Volume Market � An Analysis.....III-60 Canadian Companies Make Merry as Industry Reaps Strong Gains.....III-60 1 $75 Competition and Market Structure.....III-61 Import Export Scenario.....III-61 Table 96: Canadian Printing Inks (Black) Imports in �000 US$ by Country for 2004 & 2005.....III-61 1 $75 Table 97: Canadian Printing Inks (Other Than Black) Imports in �000 US$ by Country for 2004 & 2005.....III-62 Table 98: Canadian Printing Inks (Black) Exports in �000 US$ by Country for 2005.....III-62 1 $75 Table 99: Canadian Printing Inks (Other Than Black) Exports in �000 US$ by Country for 2005.....III-63 Strategic Developments.....III-63 1 $75 B. Market Analytics.....III-64 Volume Analytics.....III-64 Table 100: Canadian Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-64 1 $75 Table 101: Canadian 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-65 1 $75 Dollar Analytics.....III-66 Table 102: Canadian Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-66 Table 103: Canadian 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-66 1 $75 3. Japan.....III-67 7 $525 A. Market Analysis.....III-67 Outlook.....III-67 Volume Market � An Analysis.....III-67 Japan Cracks the Whip on VOC Emissions.....III-67 1 $75 Industry Highlights in 2003.....III-68 Historic Market Trends.....III-68 1 $75 Trends in Graphic Arts/Printing Industry.....III-69 Table 104: Radiation Curing Market in Japan: Major End-Uses-Opto-Electronics, Industrial Coatings, Printing Inks (including OPV), Adhesives, and Others: Historic Data for 1998 (includes corresponding Graph/Chart).....III-69 Strategic Development.....III-69 Key Players.....III-69 3 $225 B. Market Analytics.....III-72 Volume Analytics.....III-72 Table 105: Japanese Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-72 Table 106: Japanese 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-72 1 $75 Dollar Analytics.....III-73 Table 107: Japanese Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-73 Table 108: Japanese 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-73 1 $75 4. Europe.....III-74 13 $975 A. Market Analysis.....III-74 Outlook.....III-74 Volume Market � An Analysis.....III-74 Market Trends and Issues.....III-74 Growth Tempered by Uncertainty.....III-74 1 $75 Price Sensitive Printing Market Stalemates Producers.....III-75 European Print Media: Hope Sprouts.....III-75 1 $75 Short Product Sizzlers.....III-76 The Emergence of EuPIA.....III-76 The Impact of REACH: A Fierce Tug At the Market�s Purse Strings.....III-76 1 $75 Implications for Ink Manufacturers in a Nutshell.....III-77 Market Participants Question the Need for REACH.....III-77 1 $75 Competitive Landscape.....III-78 Table 109: Major Ink Producers in Europe: Market Share of Sun Chemicals, Flint Group, Siegwerk, BASF, and Others: 2003-2005 (includes corresponding Graph/Chart).....III-78 Table 110: Printing Ink Sales in Europe by Sector (In terms of Volume): 2001-2005 (includes corresponding Graph/Chart).....III-78 1 $75 Table 111: Printing Inks Production in Europe by Country - Belgium, Denmark, France, Germany, Italy, Netherlands, Portugal, Spain, and United Kingdom (includes corresponding Graph/Chart).....III-79 Best Sales Prospects.....III-79 Flexographic Inks.....III-79 Lithographic and Offset Inks.....III-79 Gravure Inks.....III-79 Letterpress Inks.....III-79 UV Inks.....III-79 1 $75 Cationic and Free Radical UV Inks.....III-80 Review of the Market in the Recent Past.....III-80 Review of Year 2003.....III-80 Commercial and Publication Ink Market.....III-80 Packaging Ink Market.....III-80 1 $75 Review of Year 2002.....III-81 Packaging Ink Market.....III-81 UV Ink Market.....III-81 Ink Jet Market.....III-81 Review of Year 2001.....III-81 Publication Ink Market.....III-81 1 $75 Packaging Ink Market.....III-82 UV/EB Ink Market.....III-82 B. Market Analytics.....III-82 Volume Analytics.....III-82 Table 112: European Recent Past, Current & Future Analysis for Printing Inks by Geographic Region � France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-82 1 $75 Table 113: European 10-Year Perspective for Printing Inks by Geographic Region � Percentage Breakdown of Volume Sales for France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-83 1 $75 Table 114: European Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-84 Table 115: European 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-84 1 $75 Dollar Analytics.....III-85 Table 116: European Recent Past, Current & Future Analysis for Printing Inks by Geographic Region � France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-85 Table 117: European 10-Year Perspective for Printing Inks by Geographic Region � Percentage Breakdown of Dollar Sales for France, Germany, UK, Italy, Spain, Russia, and Rest of Europe Markets for Years 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-85 1 $75 Table 118: European Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-86 Table 119: European 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-86 1 $75 4a. France.....III-87 4 $300 A. Market Analysis.....III-87 Outlook.....III-87 Product Development.....III-87 Strategic Developments.....III-87 1 $75 Key Players.....III-88 1 $75 B. Market Analytics.....III-89 Volume Analytics.....III-89 Table 120: French Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-89 Table 121: French 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-89 1 $75 Dollar Analytics.....III-90 Table 122: French Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-90 Table 123: French 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-90 1 $75 4b. Germany.....III-91 7 $525 A. Market Analysis.....III-91 Mastering the Art of Survival.....III-91 Current & Future Analysis.....III-91 Product Launches.....III-91 1 $75 Strategic Developments.....III-92 2 $150 Key Players.....III-94 2 $150 B. Market Analytics.....III-96 Volume Analytics.....III-96 Table 124: German Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-96 Table 125: German 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes Corresponding Graph/Chart).....III-96 1 $75 Dollar Analytics.....III-97 Table 126: German Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-97 Table 127: German 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-97 1 $75 4c. The United Kingdom.....III-98 7 $525 A. Market Analysis.....III-98 Outlook.....III-98 Volume Market � An Analysis.....III-98 Table 128: UK Printing Inks Market by End-Use Segment (2005): Market Share of Packaging, Publication, Newspaper, Overprint Varnishes, Commercial, Other Printing Ink, and Miscellaneous (includes corresponding Graph/Chart).....III-98 Factors Driving Growth.....III-98 Increased Newspaper Circulation Improves Market for Inks.....III-98 1 $75 Improvement in Customer Service.....III-99 Trends in Product/Technology.....III-99 Automation Creeping into Flexo Ink Technology.....III-99 Trend Towards Vegetable Oils Based Inks.....III-99 Factors Hindering Growth.....III-99 1 $75 Regulations Governing Industry.....III-100 Strategic Developments.....III-100 2 $150 B. Market Analytics.....III-102 Volume Analytics.....III-102 Table 129: UK Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-102 1 $75 Table 130: UK 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-103 1 $75 Dollar Analytics.....III-104 Table 131: UK Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-104 Table 132: UK 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-104 1 $75 4d. Italy.....III-105 3 $225 A. Market Analysis.....III-105 Outlook.....III-105 Volume Market � An Analysis.....III-105 Competition.....III-105 Players.....III-105 1 $75 B. Market Analytics.....III-106 Volume Analytics.....III-106 Table 133: Italian Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-106 Table 134: Italian 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-106 1 $75 Dollar Analytics.....III-107 Table 135: Italian Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in US$ Million for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-107 Table 136: Italian 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Dollar Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets for 2000, 2006 & 2010 (includes corresponding Graph/Chart).....III-107 1 $75 4e. Spain.....III-108 4 $300 A. Market Analysis.....III-108 Organic-Colorants Market.....III-108 Table 137: Spanish Organic-Colorants Market: 1995-2005 (includes corresponding Graph/Chart).....III-108 1 $75 Product Launches.....III-109 1 $75 B. Market Analytics.....III-110 Volume Analytics.....III-110 Table 138: Spanish Recent Past, Current & Future Analysis for Printing Inks by Product Segment - Lithographic Inks, Flexographic Inks, Gravure Inks, Letterpress Inks, Digital Inks and Other Inks Markets Independently Analyzed with Annual Sales in Thousand Tons for Years 2000 through 2010 (includes corresponding Graph/Chart).....III-110 Table 139: Spanish 10-Year Perspective for Printing Inks by Product Segment � Percentage Breakdown of Volume Sales for Lithographic Inks, Flexographic Inks, Gravure Inks, Letterp