[Report] PRINTING INK Industry, MARKET RESEARCH, TRENDS & I TOC

INTRODUCTION

Scope of the Report i
Sources and Methodology ii

CHAPTER I: EXECUTIVE SUMMARY 1

CHAPTER II: THE MARKET FOR PRINTING INKS

Sales 5
Ink Components 12
- Overview 12
- Pigments 13
- Resins 15
- Vehicles/Carriers 16
- Additives 18
Printing Processes 19
- Overview 19
- Lithography 19
- Flexography 21
- Gravure 23
- Letterpress 25
- Waterless Printing 26
- Digital Printing 29
- Screen Printing 32
- Pad Printing 34
Printing Inks 35
- Overview 35
- Soybean Oil-Based Inks 37
- Energy-Curable Inks 40
- Water-Based Inks 45
- Specialty Inks 47
Drying Processes 48

CHAPTER III: CURRENT ISSUES IN THE PRINTING INK INDUSTRY

Overview 50
Raw Materials 51
- Rosin 51
- Soybean Oil 53
- Carbon Black 54
- Pigments 55
- Petroleum Oils 56
Producer Prices 58
Environmental and Regulatory Issues 65
- Overview 65
- Inks for Food and Drug Packaging 67
- Recycling 67
- Resource Conservation and Recovery Act 69
- Clean Air Act 70
- Clean Water Act 71
- Safe Drinking Water Act 72
- Emergency Planning and Community Right-to-Know Act 73
- Toxic Substances Control Act 74
- Comprehensive Environmental Response, Compensation, and Liability Act 75
- Hazardous Materials Transportation Act 76
- Pollution Prevention Act 76
- Voluntary Programs 77
European Environmental Considerations 78
Foreign Trade 82
- Overview 82
- U.S. Exports 84
- U.S. Imports 90
New Products and Technologies 98

CHAPTER IV: END-USE MARKETS FOR THE PRINTING INK INDUSTRY

Overview 100
Printing and Publishing Industry 101
- Sales Performance 101
- Industrial Production and Capacity Utilization 107
- Market Segment Growth 109
- Quick Printing 113
Packaging Industry 114
- Sales Performance 114
- Flexography and Flexible Packaging 118
- Corrugated and Carton Packaging 119
Fabrics and Other Textiles 121
Security Market 123

CHAPTER V: STRUCTURE OF THE PRINTING INK INDUSTRY

Overview 125
Mergers and Acquisitions 126
Establishments and Employees 130
Industry Performance 139
Capital Spending 145
Inventory 147
The Plant Manager's Workbook 151
- How to Use This Section 151
- Gathering Your Data 152
- Developing Your Ratios 153
- How Does Your Plant Stack Up? 154
Explanation of Terms 159

CHAPTER VI: PRINTING INK INDUSTRY CORPORATE PROFILES

Introduction 165
Industry Overview 165

Corporate Profiles 167

Akzo Nobel N.V. (Akzo Nobel Inc.) 167

Avecia (Avecia Inc.) 169

BASF Group (BASF Corporation) 170

Braden Sutphin Ink Company 172

Central Ink Corporation 173

Ciba Specialty Chemicals Holdings Inc. (Ciba Specialty Chemicals) 174

Clariant International Ltd. 176

Color Converting L.L.C. 178

Color Resolutions International 179

Croda International Plc 180

Dainippon Ink and Chemicals, Incorporated (Sun Chemical Corporation) 181

Eastman Chemical Company 183

Engelhard Corporation 185

Environmental Inks and Coatings Corporation 187

Flint Ink Corporation 188

Frontier Printing Inks Ltd. 189

Gans Ink & Supply Co., Inc. 190

International Paper Company (Arizona Chemical Company) 191

INX International Ink Co. 192

The Lubrizol Corporation (Carroll Scientific, Inc.) 193

Micro Inks Ltd. (Micro Inks Corporation) 195

National Ink, Inc. 196

Nazdar 196

Nor-Cote International Inc. 198

Polytex Environmental Inks, Ltd. 198

Resinall Corp. 199

Rohm and Haas Company 200

Sensient Technologies Corporation 202

SICPA S.A. (SICPA North America) 203

Squid Ink Manufacturing, Inc. 204

Superior Printing Ink Co., Inc. 205

Total S.A. 206

Toyo Ink Mfg. Co., Ltd. (Toyo Ink America LLC) 207

Van Son Holland Ink Corporation of America 209

Wikoff Color Corp. 210

Zeller+Gmelin GmbH & Co. (Zeller+Gmelin Corporation) 211

LIST OF TABLES

Table II-1 U.S. Manufacturers' Sales of Printing Inks 7
Table II-2 U.S. Manufacturers' Sales of Printing Inks, by Type 7
Table II-3 Product Mix of U.S. Manufacturers' Sales of Printing Inks 9
Table II-4 Sales Growth Comparison for U.S. Manufacturers' Sales of Printing Inks, by Type 9
Table II-5 Value of U.S. Manufacturers' Sales of Printing Inks, by Detailed Type 10
Table II-6 Quantity of U.S. Manufacturers' Sales of Printing Inks, by Detailed Type 11
Table II-7 Distribution of Printing Ink Sales, by Market Segment 12
Table III-1 World Crude Oil Prices 57
Table III-2 Producer Price Index for Printing Inks 60
Table III-3 Producer Price Indexes for Selected Printing Inks 61
Table III-4 Producer Price Indexes for Selected Raw Materials 62
Table III-5 Producer Price Indexes for Selected Paper Products 63
Table III-6 U.S. Balance of Trade for Printing Inks 84
Table III-7 U.S. Exports of Printing Inks 86
Table III-8 U.S. Exports of Printing Inks as a Percentage of U.S. Manufacturers' Sales 86
Table III-9 U.S. Exports of Printing Inks, by Type 87
Table III-10 Product Mix of U.S. Exports of Printing Inks 88
Table III-11 Growth in U.S. Exports of Printing Inks, by Type 88
Table III-12 U.S. Exports of Printing Inks as a Percentage of U.S. Manufacturers' Sales, by Type 89
Table III-13 Leading U.S. Export Destinations for Printing Inks 89
Table III-14 Dollar Market Shares of the Leading U.S. Export Destinations forPrinting Inks 90
Table III-15 U.S. Imports of Printing Inks 92
Table III-16 U.S. Imports of Printing Inks as a Percentage of U.S. Apparent Consumption 92
Table III-17 U.S. Imports of Printing Inks, by Type 93
Table III-18 Product Mix of U.S. Imports of Printing Inks 94
Table III-19 Growth in U.S. Imports of Printing Inks, by Type 94
Table III-20 U.S. Imports of Printing Inks as a Percentage of U.S. Apparent Consumption, by Type 95
Table III-21 Leading U.S. Import Sources for Printing Inks 95
Table III-22 Dollar Market Shares of the Leading U.S. Import Sources for Printing Inks 96
Table IV-1 U.S. Manufacturers' Sales in the Printing and Publishing Industry, by Segment 105
Table IV-2 U.S. Manufacturers' Sales in Printing Trade Services, by Segment 107
Table IV-3 Industrial Production Index for Printing and Related Support Activities 109
Table IV-4 Capacity Utilization Rates for Printing and Related Support Activities 109
Table IV-5 Estimated Sales Growth for Printing Markets 112
Table IV-6 Estimated Sources of Print Demand 113
Table IV-7 U.S. Manufacturers' Sales in the Packaging Industry, by Segment 116
Table IV-8 Printing Ink as a Percentage of Materials and Services Used in Package Production, by Type 117
Table IV-9 Packaging Printing Market, by Printing Process 119
Table IV-10 Number of Commercial Art and Graphic Design Establishments 122
Table V-1 Leading Printing Ink Manufacturers in the U.S. Market, Ranked by Sales 135
Table V-2 Number of Printing Ink Establishments, by Size 135
Table V-3 Number of Employees and Payroll in the Printing Ink Industry 136
Table V-4 Number of Establishments in the Printing and Publishing Industry, by Segment 136
Table V-5 Number of Establishments in Printing Trade Services, by Segment 137
Table V-6 Number of Establishments in the Packaging Industry, by Segment 138
Table V-7 Operating Structure of the Printing Ink Industry 140
Table V-8 Gross Operating Margin in the Printing Ink Industry 141
Table V-9 Value Added by Manufacture in the Printing Ink Industry 141
Table V-10 Vertical Integration Index for the Printing Ink Industry 142
Table V-11 Employment Structure of the Printing Ink Industry 142
Table V-12 Total Labor Costs in the Printing Ink Industry 143
Table V-13 Average Hourly Earnings of Production Workers in the Printing Ink Industry 143
Table V-14 Cost of Living Index for Production Workers in the Printing Ink Industry 144
Table V-15 Labor Productivity in the Printing Ink Industry 144
Table V-16 Indexes of Real Labor Productivity in the Printing Ink Industry 145
Table V-17 New Capital Expenditures by the Printing Ink Industry 147
Table V-18 Ending Inventories in the Printing Ink Industry 148
Table V-19 Energy Costs in the Printing Ink Industry 149
Table V-20 Specialization Ratios in the Printing Ink Industry 149
Table V-21 Coverage Ratios in the Printing Ink Industry 150
Table V-22 Concentration Ratios in the Printing Ink Industry 150

LIST OF FIGURES

Figure III-1 Distribution of Printing Ink Sales, by Worldwide Market 97

THE 2004/2005 OUTLOOK FOR THE U.S. PRINTING INK INDUSTRY

TABLE OF CONTENTS