The rising demand for large-format printing has fuelled interest in latex ink due to its various benefits. This water-based ink stands out for its environmental sustainability, as it emits fewer harmful volatile organic compounds (VOCs). With the growing significance of wide-format printing for advertising, signage and graphics, latex ink offers vibrant colours and high-quality results. Advancements in ink technology have led to improved durability and scratch resistance, making latex ink a preferred choice for both indoor and outdoor applications.
According to Coherent Market Insights, The market for latex ink was estimated at US$ 19.30 billion in 2022 and is anticipated to grow at a CAGR of 2.7% from 2023 to 2030 to reach US$ 23.89 billion.
Prominent Companies in the Latex Ink Industry:
1. HP Inc.
Founded in 1939 and headquartered in the United States, operates in over 170 countries. It specializes in a wide range of technology solutions, including printers and latex inks. HP’s recent development in the latex ink market includes the launch of HP latex R series, a printer series that offers high-quality and durable prints on various substrates.
2. Epson Corporation
Epson Corporation established in 1942 in Japan has a global presence and operates in more than 86 countries. Epson is known for its innovative printing solutions, including latex inks. The company’s recent latex ink market development involves the release of the Epson SureColor R-Series printers, designed to provide enhanced image quality and efficiency for large-format printing.
3. Canon Inc.
Founded in 1937 in Japan, operates globally in over 160 countries. Specializing in imaging and optical products, Canon has made strides in the latex ink market. An example of its recent development is the imagePROGRAF PRO Series, offering versatile large-format printing solutions with latex ink technology.
4. JK Group
JK Group based in Italy, is a leading supplier of inks and colorants. Founded in 1929, it operates in numerous countries worldwide. In the latex ink market, JK Group focuses on providing innovative solutions for various applications, such as textiles and signage.
5. Mimaki Engineering Co., Ltd.
Established in 1975, a Japanese company operates internationally. It specializes in digital printing and cutting technology, including latex ink solutions. Mimaki UCJV300 series, offering high-quality printing with latex inks and UV-curable inks for diverse applications.
6. Sun Chemical Corporation
Established in 1818 in the United States, has a global presence in over 180 countries. It specializes in manufacturing a wide array of printing inks and pigments, including latex inks. Sun Chemical’s recent development includes the expansion of its product portfolio to include eco-friendly latex ink solutions, catering to the growing demand for sustainable printing options.
*Definition- The latex ink market involves the production and distribution of ink solutions primarily used for large-format printing applications on various substrates.
