TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 4
Demographics & Household Formation 6
Consumer Spending & Income Patterns 8
Manufacturing Outlook 10
Retail Sales Outlook 13
Historical Market Trends 16
Pricing Trends 19
Environmental & Regulatory Considerations 22
Foreign Trade & International Activity 24
III. MARKET OVERVIEW 28
General 28
Printing Process Overview 28
Lithographic 29
Flexography 30
Gravure 31
Digital 32
Letterpress & Screen Printing 33
Printing Equipment Trends 34
Commercial Printing Machinery & Equipment 35
Computer & Office Equipment 37
Printers Supply & Demand 39
Printers Installed Base 41
Ink & Toner Cartridges 45
Cartridge Refill & Recycling Trends 48
Consumables Market Outlook 51
IV. PRODUCTS 55
General 55
Inks & Toners 57
Toner 59
Demand by Color 62
Demand by Technology 63
Inks 65
Conventional 70
Screen & Specialty 76
Digital Inks 82
Specialty Substrates 85
Coated Digital Paper 87
Synthetic Print Media 90
Cleaning Chemicals & Other Specialty Chemicals 92
Cleaning Fluids & Wipes 93
Blanket & Roller Washes 96
Hand Cleaner 98
Other Cleaning Chemicals 98
Other Specialty Chemicals 99
V. OFFICE & CONSUMER MARKETS 102
General 102
Office & Professional 103
Office & Professional Overview 104
Printers 106
Cartridges & Refills 108
Specialty Consumables Demand 109
Consumer 111
Consumer Market Overview 112
Printers 113
Digital Cameras 115
Cartridges & Refills 116
Specialty Consumables Demand 117
VI. INDUSTRIAL MARKETS 120
General 120
Commercial Printing & Publishing 122
Commercial Printing & Publishing Industry Overview 123
Specialty Printing Consumables Demand 124
Advertisements, Mailings & Inserts 127
Books & Periodicals 127
Labels 128
Other 128
Packaging 129
Packaging Industry Overview 129
Specialty Printing Consumables Demand 132
Flexible Packaging 135
Rigid Containers 137
Primary Packaging Labels 139
Bags & Sacks 142
Other Industrial Markets 143
Electronics 144
Textiles & Apparel 145
Miscellaneous 146
VII. INDUSTRY STRUCTURE 147
General 147
Market Share 148
Toner 151
Ink 153
Conventional Inks 155
Screen & Specialty Inks 157
Digital Inks 158
Coated Digital Paper 161
Synthetic Paper 163
Specialty Chemicals 164
Acquisition Activity 165
Competitive Strategies 167
Brand Name Recognition 168
Advertising 168
Product Focus 169
Cooperative Agreements 169
Research & Development 172
Marketing & Distribution 174
Company Profiles 175
Agfa-Gevaert NV 177
Allied Pressroom Chemistry 179
American Ink Jet Corporation 181
Arizona Chemical Company, see International Paper
Arjobex North America, see Worms & Cie
Canon Incorporated 182
Claire Sprayway Incorporated 184
Coates Group, see Dainippon Ink and Chemicals
Color Converting Industries Incorporated 185
CPS Corporation, see Sakata INX Corporation
Dainippon Ink and Chemicals Incorporated 186
Day International Group Incorporated 192
DuPont (EI) de Nemours 195
Eastman Kodak Company 198
Flint Ink Corporation 200
Fuji Photo Film Company Limited 203
Henkel KGaA 205
Hewlett-Packard Company 206
Hurst Chemical Company 208
International Paper Company 210
INX International Ink Company, see Sakata INX
Jetrion LLC, see Flint Ink Corporation
Kohl & Madden, see Dainippon Ink and Chemicals
Kodak Polychrome Graphics LLC, see Eastman Kodak
and Dainippon Ink and Chemicals
Lastra SpA 213
Lexmark International Incorporated 214
LioChem Incorporated, see Toyo Ink Manufacturing
MeadWestvaco Corporation 217
Minnesota Mining and Manufacturing Company, see 3M
Nazdar Company 219
PPG Industries Incorporated 221
Prisco Incorporated 222
Ricoh Company Limited 225
Rycoline Incorporated 227
Sakata INX Corporation 229
Sappi Limited 232
SICPA SA 234
Siegwerk Incorporated 236
Southern Lithoplate Incorporated 237
Spectratech International Incorporated, see Southern
Lithoplate
Spinks Inks Company, see Superior Printing Ink
Stora Enso Oyj 239
Sun Chemical Corporation, see Dainippon Ink
and Chemicals
Sun Graphic Incorporated, see Rycoline Incorporated
Superior Printing Ink Company Incorporated 241
3M Company 243
Toyo Ink Manufacturing Company Limited 245
Van Son Holland Ink Corporation of America 246
US Ink, see Dainippon Ink and Chemicals Incorporated
Varn International, see Day International Group
Western Lithotech, see Lastra SpA
Wikoff Color Corporation 249
Worms & Cie 251
Xerox Corporation 252
Yupo Corporation 254
Other Companies Mentioned in Study 255
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I - EXECUTIVE SUMMARY
Summary Table 3
SECTION II - MARKET ENVIRONMENT
1 Macroeconomic Indicators 6
2 Demographics & Household Formation 8
3 Consumer Spending & Income 10
4 Manufacturers Shipments 13
5 Retail Sales 15
6 Printing Consumables Historical Market Trends, 1992-2002 18
7 Specialty Printing Consumables Pricing Trends 22
SECTION III - MARKET OVERVIEW
1 Commercial Printing Machinery & Equipment Supply & Demand 37
2 Computer & Office Equipment Shipments 38
3 Nonimpact Printer Supply & Demand 41
4 Nonimpact Printer Installed Base by Type, Function
& End User 45
5 Ink & Toner Cartridges Demand 48
6 Printing Consumables Demand 54
SECTION IV - PRODUCTS
1 Specialty Printing Consumables Demand by Type & Market 56
2 Printing Ink & Toner Demand by Type & Market 58
3 Toner Demand by End Use 61
4 Toner Demand by Color 63
5 Toner Demand by Production Technology 65
6 Printing Ink Demand by Type & Formulation 69
7 Conventional Printing Ink Demand by Type & Formulation 72
8 Screen & Specialty Ink Demand by Type & Formulation 77
9 Digital Ink Demand by Formulation & End Use 85
10 Printing Specialty Substrate Demand by Type & Market 86
11 Coated Digital Paper Demand by Type & Market 89
12 Synthetic Print Media Demand by Market 92
13 Specialty Chemical Demand by Type & Market 93
14 Cleaning Fluids & Wipes Demand by Type & Formulation 96
15 Other Specialty Chemical Demand by Type 101
SECTION V - OFFICE & CONSUMER MARKET
1 Office & Consumer Market for Specialty Printing
Consumables 103
2 Office & Professional Indicators 106
3 Office & Professional Printer Trends 108
4 Office & Professional Market for Specialty Printing
Consumables 111
5 Consumer Printer Trends 114
6 Digital Still Camera Trends 116
7 Consumer Market for Specialty Printing Consumables 119
SECTION VI - INDUSTRIAL MARKET
1 Specialty Printing Consumables Demand by Industrial Market 121
2 Printing & Publishing Shipments 124
3 Commercial Printing & Publishing Market for Specialty
Printing Consumables Demand by Type & Application 126
4 Packaging Shipments 132
5 Packaging Market for Specialty Printing Consumables
by Type & Application 134
6 Other Industrial Markets for Specialty Printing
Consumables Demand by Type & Product 144
SECTION VII - INDUSTRY STRUCTURE
1 US Estimated Specialty Printing Consumables Sales
by Company, 2002 150
2 Selected Acquisitions & Divestitures 167
3 Selected Cooperative Agreements 171
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II - MARKET ENVIRONMENT
1 Historical Trends in Printing Consumables, 1992-2002 18
2 World Specialty Printing Consumables Demand, 2002 27
SECTION IV - PRODUCTS
1 Printing Ink Demand by Type, 2002 70
2 Conventional Printing Ink Demand by Type, 2002 73
3 Specialty Ink Demand by Type, 2002 82
4 Coated Digital Paper Demand by Type, 2002 90
SECTION VI - INDUSTRIAL MARKET
1 Specialty Printing Consumables Demand by Industrial
Market, 2002 122
2 Commercial Printing & Publishing Markets by Application
for Specialty Printing Consumables, 2002 127
3 Packaging Market for Specialty Printing Consumables
by Type, 2002 135
SECTION VII - INDUSTRY STRUCTURE
1 US Specialty Printing Consumables Market Share
by Company, 2002 151
2 US Toner Market Share by Company, 2002 153
3 US Printing Ink Market Share by Company, 2002 155
4 US Coated Digital Paper Market Share by Company, 2002 162
5 US Synthetic Paper Market Share by Company, 2002 164
6 US Specialty Chemicals Market Share by Company, 2002 165
