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Despite the impact of higher raw material prices, declining exports and the global recession, the Asia-Pacific ink market still enjoyed growth during the past year.
May 7, 2009
By: DAVID SAVASTANO
In spite of the current global recession, the Asia-Pacific printing ink industry remains the strongest worldwide, with sales estimated at $4.5 billion. The region’s expansion has been fueled largely by the growth of many of the leading nations in the region, most notably China and India. However, while there was some growth in 2008, not all the news for the ink industry in the Asia-Pacific region was good. Higher raw material costs had a significant impact on margins for ink manufacturers worl...
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