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1 Multi Client Study -- Research Summary -- *Toner Market Forecast 2011 version Recovery from 3.11 on the Toner Industry Long time forecast for Toner and Related Market This report focuses on prospects for the toner plants and supply chain that being recovering from the disaster August 2011 Data Supply Inc.
2 Ⅰ.*Toner Market Forecast 2011version Recovery from 3.11 on the Toner Industry Long time forecast for Toner and Related Market This report focuses on prospects for the toner plants and supply chain that being recovering from the disaster Ⅱ.Scope of the Research In 2010, the shipment volume of hardware such as copier, printer and facsimile increased largely so as toner shipment volume as if it exceed the 2008's volume. Each manufacturers started mass production and Lehman Shock seemed to be a thing of the past. All of a sudden, 3/11 of Great Tohoku Earthquake hit caste a damper on the momentum. It once fell into confusion caused by lack of components and materials, however it is getting back to normal. To manufacture is one of the key factor to keep the business going since the oversea market is doing well. Once the toner becomes insufficient, end user will get affected. Supply shortage of toner and related material of Japanese manufacture also impacted on overseas manufacturers as well. It seems that the supply chain of the materials may change on a temporary basis and expected to be influenced within the next several years. Amid the unprecedented disaster, we focus on how each manufacturer rebuilt their business. With these circumstances in mind, we try to take a look at related industries along with toner market such as resin for toner, carriers, CCA, magnetic oxide, colorant, external additives, wax and carbon black, and make a comprehensive analysis of the whole industry. Point of research 1. Recovery from disaster and change in toner industry. 2. Current situation of Asian Chemical toner business 3. Future prospect of biomass toner 4. Recovery of pulverized toner manufacturers 5. Capability for change in hardware industry. 6. Comparison of OEM volume and third-party volume. Ⅲ.Subject of Research 1.Subject of Items 1) Toner (1) Pulverized toner (color and monochrome) (2) Chemically prepared toner (color and monochrome) 2) Resin for toner (1) Polyester type resin (2) Styrene-acrylic type resin (3) Other type 3) Carrier 4) Magnetic oxide
3 5) Charge control agent (CCA) 6) Colorant for color toner 7) External additives 8) Carbon black 9) Wax for toner 10) Other related items 2.Manufacturers of Research 1) Main manufacturers (number of company) Toner (72) / Resin (13) / Carrier (4) / Magnetic oxide (4) / Charge control agent (7) / Colorant (8) / External additives (7) / Wax (9) / Carbon black (3) 2) Other related manufacturers Ⅳ.Research range and research methods 1.Research range From 2009 to Research methods 1) Interviews each manufacturer 2) Analysis and research of documentary records, data statistics open to the public 3) Use accumulated data in our company database Ⅴ.Research form and period 1.Research form This is a multi-client study 2.Research period From June to late August, Date of publication August 25, 2011 (Japanese version), 30th of September 2011 (English version) 4.Size of publication Bookbinded A4-sized study (approx. 630 pages) 5.Price Japanese version: 600,000 (excl. tax), English version: $5,200 6.Research in charge Yukio Yamamoto, Kosuke Yoshida 7.Inquiry and subscription: contact the addresses below < yamamoto@datasupply.jp>< yoshida@datasupply.jp>
4 Actual figures are shown in the full version A. Analysis 1. Worldwide production trends in toner 1) Overall production trend classified by Japanese and overseas manufacturer ( ) Production volume by overseas manufacturers Production value of overseas manufacturers Production volume by Japanese manufacturers Production value of Japanese manufacturers 300, , , , , , , , , , , , , , , , , , , , , , , ,000 80, ,000 60,000 50,000 66,688 71,918 74,697 78,302 81,210 83,849 86,352 40,000 20,000 0 Unit:ton Production volume by overseas unit:ton (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) % % % % % % % 66, , , , , , , % Production volume by Japanese 108, , , , , , , % Total 175, , , , , , , Production value of overseas (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) Unit: million yen % Unit: million yen (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) % % % % % % % 67, , , , , , , % Production value of Japanese 137, , , , , , , % Total 205, , , , , , , % The production volume of worldwide toner in 2010 was 195,233 tons, an increase of 11.1% compared to the previous year. The production value also increased by 11.4%, which was 228,880 million yen. Since Japanese manufacturers trimmed inventory in the previous year, they increased the stock with its rebound. Asian third-party manufactures kept producing in 2009 but the growth rate is not as high as Japanese counterpart. In 2011, due to the 3.11 disaster in Japan, the market was confused and the growth rate slowed down. Chinese market is still growing and leading the world economy, however is losing its momentum. US and European economy has still stagnated. Toner market is expected to grow after 2012, although it gradually slow down.
5 Actual figures are shown in the full version 2) Production trend classified by method and type 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Chemically prepared toner Conventional toner (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) unit:ton (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) % % % % % % % Monochrome , , , , , , Dual componencolor , , , , , , Total 1, , , , , , , Magnetic mono Monochrome 21, , , , , , , Monochrome Non-magnetic mono Conventional component toner Color Total Mono color Monochrome21, , , , , , , Color (3) 810Third-party 2.5 1, , , , , , Chemically prepared toner Total Total 年 Mono color 22, , , , , , , % Monochrome % % (forecast) 0.4 % Dual componencolor 1, A , , , Total 1, ,500 B 3.8 1, , , , , Monochrome 3, ,000 C , , ,300 4, , ,220 4, , Non-magnetic mono Color 3, ,200 D , , ,780 3, , ,800 7, , component Total 7, ,200 E , , ,080 3, , ,800 12, , Monochrome 4, , , , ,700 3, , ,750 4, , Color 4, , , , ,280 3, , ,550 8, , Total 9, , , , ,980 2, , ,700 12, , % , , , Monochrome 1, , , , ,845 2, , ,060 1, , Dual componencolor 1, , , , ,770 1, , ,720 3, , Total 3, , , , ,615 1, , ,615 5, , Magnetic Monochrome21, , , , ,305 1, , ,450 28, , mono Monochrome Non-magnetic 3, , , , ,300 1, , ,350 4, , mono Color 3, , , , ,780 1, , ,170 7, , component Total 7, , , , ,080 11, , ,444 12, , Mono color Total 57, , , Monochrome26, , , , , , , Color 5, , , , , , , Mono color 32, , , , , , , % % 1.8% 2.0% A 12.0% 2.2% 20.1% 19.9% 2.3% 2.1% B 2.3% 2.3% 12.2% 2.5% 2.6% 2.9% 3.5% 3.6% 4.5% 6.0% 6.1% C 7.6% D 6.2% E 6.1% 2.7% 2.6% 3.3% 3.4% 4.3% 5.7% A 12.8% B 10.9% C 8.3% D 7.7% 6.0% Compan E 6.1% 2.8% 2.6% 3.2% 3.2% 19.5% A 12.7% B 10.5% C 9.6% D 7.4% 4.3% E 6.2% 6.2% 5.4% (forecast)
6 Actual figures are shown in the full version 3) Resin supply volume to toner manufacturers classified by type (2010) unit: ton Resin type Styrene-acrylic Polyester Others Total Toner maker Japanese Overseas Japanese Overseas Japanese Overseas Japanese Overseas Canon Ricoh Fuji Xerox Konica Minolta Kyocera Mita Sharp Toshiba TEC Tomoegawa 1,050 1,050 1,050 Mitsubishi Chemical DIC Kao Tokyo Printing Ink FDK Sakata Inx 3) Production 20trend by manufacturers ( ) (Resin Market) Imex (1) Overall Others ,130 1,130 Unit: ton Total (supplied to Japanese domestic) 560 2,135 2,695 2,695 Xerox(USA) (forecast) 2012(forecast) 2013(forecast) 2014(forecast) 2015(forecast) Modi Xerox(India) % % % % % % % Canon(USA) A 16, , , , , , , Ricoh(USA) % Ricoh(UK) B 2, , , , , , , Ricoh(France) % Ricoh(China) C 32, , , , , , , Fuji Xerox (Taiwan) Fuji Xerox (Shanghai) % Kyocera Mita(USA) D 7, , , , , , , Sharp(USA) % Toshiba TEC(USA) E 2, , , , , , , Toshiba TEC(France) % Tomoegawa(USA) F 36, , , , , , , Tomoegawa(China) % Mitsubishi Chemical(USA) G 2, , , , , , , DIC(USA) Kao(Spain) % Imex(USA) total ###### , , , , , , Overseas manufacturers 640 % , , , Others Total (supplied to Overseas) 940 1, ,065 4,005 1, (forecast) 5,005 Total 1,500 1,000 5,200 6,700 1,000 7,700 G 2.3% A 17.8% G 1.6% A 18.0% F 37.8% B 2.7% F 40.1% B 2.5% E 2.7% D 7.0% C 29.7% E 5.5% D 7.2% C 25.2%
7 Actual figures are shown in the full version 9) Supply relation of external additives Cabot Evonik Degussa Tokuyama Wacker Titan Kogyo Tayca Canon Ricoh Fuji Xerox Konica Minolta Business Technologies Kyocera Mita Sharp Toshiba TEC Tomoegawa DIC Mitsubishi Chemical Kao Tokyo Printing Ink FDK Nippon Zeon Sakata Inx Imex Kodak (US) Xerox Samsung Fine Chemicals Others
8 <Table of Contents> [Executive Summary] A. Analysis 1. Worldwide production trends in toner 1 1) Overall production trend classified by Japanese and overseas manufacturer ( ) 1 2) Overall production trend by application classified by technology ( ) 2 3) Breakdown of office printing and production printing of toner volume (2010) 4 4) Production trend classified by method and type ( ) 5 5) Trend of share ( ) 6 (1) Overall (2) OEM (3) Third-party 6) Manufacturers of CPT 9 (1) Total (2) Dual component (3) Non-magnetic mono component (4) CPT production classified by type, color and manufactures 7) Trend of production volume classified by technology ( ) 13 8) Overall production trend by territory ( ) 14 9) Overall production trend by technology classified by manufacturers ( ) 16 (1) Total (2) Magnetic mono component (3) Dual component (4) Non-magnetic mono component (5) Mono color 10) Overall production trend by application classified by manufacturer ( ) 28 (1) Monochrome toner for analog hardware (2) Monochrome toner for digital hardware (3) Full color toner (4) Mono color toner 2. Production trend in North American and South American territory 34 1) Production volume trend by manufacturer ( ) 34 2) Production volume trend by manufacturer classified by technology ( ) 36 (1) Magnetic mono component monochrome toner (2) Dual component toner (3) Non-magnetic mono component (4) Mono color toner 3. Production trend in European territory 46 1) Production volume trend by manufacturer ( ) 46 2) Production volume trend by manufacturer classified by technology ( ) 48 (1) Magnetic mono component toner (2) Dual component toner (3) Non-magnetic mono component toner (4) Mono color toner 4. Production trend in Asian and Japanese territory 55 1) Production volume trend by manufacturer ( ) 55 2) Production volume trend by manufacturer classified by technology ( ) 57 (1) Magnetic mono component toner (2) Dual component toner (3) Non-magnetic mono component toner (4) Mono color toner 5. Trend of worldwide toner demand classified by territory ( ) Supply relationship between hardware manufacturers and toner manufacturers (2009) 68 1) Mono-chrome (Analog/Digital) PPC 2) Monochrome Printer/FAX 3) Color PPC 4) Color Laser/LED Printer 5) Application of chemically prepared toner 7. Related materials market ( ) 72 1) Resin market 2) Carrier market 3) Magnetic oxide market 4) CCA market 5) Market of colorant for full color toner 6) Market of external additives 7) Carbon black market 8) Wax market B. Toner Market 1. Production trends of overseas manufacturer 81 1) Production volume trend by application classified by technology ( ) 81 2) Overall trend of production volume by manufacturer ( ) 84 3) Production volume trend of monochrome and full color toner classified by manufacturer ( ) 86 (1) Monochrome toner (oveall/classified by technology: magnetic mono component, dual component, non-magnetic mono component) (2) Full color toner (oveall/classified by technology: dual component, non-magnetic mono component) (3) Mono color toner 2. Individual production trend of overseas manufacturer ( ) 97 Common items : Production volume trend by application classified by component/ production volume classified by method and type / OEM and third-party / trend of company ACM Technologies Ltd. of Zhuhai(China)/AQC (US) /Baltea SPA (Italy) /Clover Technologies (NER Data Products) (US) / Coates (incl.turbon) (US) /Color Imaging (US) /Cosmo AM & T (Saehan Media) (Korea) /Exax Toner (DPI Solutions) (Korea) /Guangzhou Comet Chemical (China) /Handan Hanguang OA Toner (China) /Hunt Imaging (US) /Indian Toners and Developers (India) / Integral (Elfotec/Huber) (Germany) / Jadi Imaging Technologies Sdn Bhd (Malaysia) / Lexmark International (US) / LG Chem (Korea) / Nexpress Solutions (US) / Nipson (France) / Nu.Kote/ICMI (US) / Océ (the Netherland) /Pelikan (Switzerland) /Print-Rite (ICMI China) (China) /Punch Graphix (Belgium) /Raven Industries (US) / Royal Precision Technology (Taiwan) /Samsung Fine Chemicals (Korea) /Tianjin Copying Equipment (TCOA) (China) /Trend Tone Imaging (Taiwan) /Troy Systems (US) /Tuna Toner Technology (China) /Union Mark Image Technical (China) / Wuhan Pointrole Information Technology (China) /Wuhan Zongxiang Imaging (China) /Wuxi Jiateng Magnetic Powder (China) /Wuxi Tianxing Office Consumable Materials (China) /Xerox Europe (Ireland, the Netherland and others) /Xerox Group.(excl. Europe) (US) /Other manufacturers:baiksan OPC(Korea)/Bulat Group(Russia)/Creative Imaging Technology(Korea)/ Fujifilm Imaging Colorants(UK)/Imaging Products Manufacturing(Turkey) /Navran Advanced Nanoproducts Development International Pvt Ltd(India)/Ningbo Flexitone New Materials(China)/Rathi Graphic Technologies(India)/Sinonar (Taiwan) /Union Chemical(Korea)/Wuxi Mei Ling Digital Science and Technology(China)
9 3. List of production site of overseas manufacturers 177 1) Production sites in North America and South American region 177 2) Production sites in European region 178 3) Production sites in Asian region Production trend of Japanese manufacturers 181 1) Production by use and technology ( ) 181 (1) Worldwide production volume (2) Japanese domestic production volume (3) Overseas production volume 2) Production trend classified by method and type ( ) 186 3) Overall production trend classified by manufacturer ( ) 187 4) Monochrome/full color toner production volume trend classified by manufacturer ( ) 189 (1) Monochrome toner (2) Full color toner 5) Toner production volume trend by manufacturing method classified by manufacturer ( ) 193 (1) Overall conventional toner (monochrome toner / full color toner / mono color toner) (2) Overall chemically prepared toner (monochrome toner / full color toner) 6) Toner production volume trend by technology classified by manufacturer ( ) 202 (1) Magnetic mono component monochrome toner (2) Dual component monochrome and color toner (3) Dual component monochrome toner (4) Dual component full color toner (5) Non-magnetic mono component monochrome and full color toner (6) Non-magnetic mono component monochrome toner (7) Non-magnetic mono component full color toner 7) Production volume trend by manufacturer classified by type (2010) 212 (1) Overall (2) Monochrome toner (3) Full color toner 8) Production volume trend by manufacturer classified by particle diameter (2010) 216 (1) Monochrome toner (2) Full color toner 9) Supplement volume to hardware manufacturers and percentage of in-house manufacturers Outline of toner production site of Japanese manufacturers in Japanese domestic and overseas 221 1) List of production sites 2) List of production sites in Japan 3) List of production sites in North American and South American region 4) List of production sites in European region 5) List of production sites in ROW region 6. Production trends in Japanese manufacturers 225 Common item: Production by use and technology (Japan/overseas) / Production volume by facility / Breakdown of overseas production by region / Production trend classified by method and type / Production volume and value of toner / Latest trend of toner by method of manufacturing (CPT / conventional toner / Capacity for high speed, low temperature fusing and toner using bio-derived materials) / Toner production volume by technology classified by type, and resin purchase volume classified by type / Production volume by color classified by particle diameter / Breakdown of toner production between office and production applications / Shipment trend of toner and main clients (latest trend, breakdown of OEM and third-party) / Production sites / Outline of the company Canon / Ricoh / Fuji Xerox / Konica Minolta Business Technologies / Kyocera Mita / Sharp / Toshiba TEC / Panasonic System Networks / Tomoegawa / Mitsubishi Chemical / DIC / Kao/ Tokyo Printing Ink / FDK / Sakata Inx / Imex / Nippon Zeon / Other manufacturers :Casio Computer / Daiken Chemical / Mikasa Sangyo C. Resin Market 1. Worldwide resin production trend 425 1) Production volume trend of Japanese and overseas manufacturers ( ) Production trend of Japanese manufacturer 426 1) Production volume trend by territory classified by type ( ) 426 2) Production value trend by territory classified by type ( ) 427 3) Production trend classified by manufacturer ( ) 428 (1) Overall (2) Styrene-acrylic (3) Polyester (4) Others (polyetherpolyol) 4) Production trends by type classified by territory ( ) 433 (1) Overall (2) Styrene-acrylic (3) Polyester (4) Others (polyetherpolyol) 3. Volume of resin supply to toner manufacturers (2010) 436 (1) Overall (2) Styrene-acrylic (3) Polyester (4) Others 4. Outline of production site of resin manufacturer 440 1) List of production site in Japanese domestic 2) Outline of overseas production site 5. Individual production trend of Japanese manufacturer 443 Common items: Production volume trend by territory classified by type / Production value trend by territory classified by type / Resin supply volume to toner manufacturers classified by type / OEM vs Aftermarket / Viewpoint and future activity concerning chemically prepared toner / Production site (Japan and overseas) / Outline of the company Sanyo Chemical Industries / Fujikura Kasei / Mitsui Chemicals / Mitsubishi Rayon / DIC / Kao / Seiko PMC / Nippon Carbide Industries / Japan U-Pica, Ltd. 6. Overseas manufacturers 473 Bosson Chemical (Korea) / SK Chemicals (Korea) / Samyang (Korea) / Tianjin Institute of Synthetic Materials (China) D. Related materials market 1. Carrier Market 475 1) Production volume classified by manufacturer ( ) 2) Production value classified by manufacturer ( ) 3) Production volume trend by type classified by manufacturer ( ) (1) Iron Powder (2) Ferrite (3) Magnetite 4) Production volume trend by type classified by application ( ) 5) Production value trend by type classified by application ( )
10 6) Production volume trend by type classified by particle diameter ( ) 7) Production volume trend classified by coating material ( ) 8) The trend of latest technology and market 9) Supply relationships of carrier manufacturers 10) List of production site classified by manufacturer 11) Individual trend of manufacturers Powdertech / Kanto Denka Kogyo / Dowa IP Creation / Toda Kogyo 2. Magnetic Oxide Market 504 1) Production volume trend classified by manufacturer ( ) 2) Sales value trend classified by manufacturer ( ) 3) Main supply relationships classified by manufacturer (2010) 4) List of production sites classified by manufacturer 5) Individual trend of manufacturers ( ) Toda Kogyo / Mitsui Mining & Smelting / Titan Kogyo / Kanto Denka Kogyo 3. CCA Market 511 1) Production trend classified by type ( ) 2) The trend of latest technology (1) Color Products (2) Environmental measure 3) Price trend 4) The main supply relation of CCA manufacturers (2010) 5) List of manufacturer production sites 6) Production trend by type classified by manufacturer and type ( ) (1) Production volume (2) Production value 7) Individual trends of manufacturers ( ) Orient Chemical Industries / Hodogaya Chemical / Clariant / Fujikura Kasei / Other manufacturers : Japan Carlit, Chuo Synthetic Chemical, Hubei Dinglong Chemical (China) 4. Market for colorant (Y, M, C) 534 1) Trend of production volume classified by color ( ) 2) Trend of production value trend classified by color ( ) 3) Market trend 4) Products and prices 5) Production trend classified by manufacturers and type ( ) (1) Production volume (2) Production value (3) Supply relation of colorant manufacturer 6) Individual trends of manufacturers Dainichiseika Color and Chemicals / Clariant / Sanyo Color Works / Toyo Chem / DIC Others: BASF, Fuji Pigment, Tokyo Shikizai Industry 5. Market of external additives 564 1) Trend of production volume classified by type ( ) 2) Trend of production value classified by type ( ) 3) Trend in external additives by types 4) Features of products by manufacturers (1) Domestic vs. Overseas (2) OEM vs aftermarket 5) Products and price 6) Trend of use 7) Trend in new manufacturers of external additives 8) Production trend classified by manufacturer and type ( ) (1) Production volume (2) Production value 9) Supply relation of external additives 10) Individual trends of manufacturers ( ) Cabot / Evonik Degussa / Tokuyama / Titan Kogyo / Tayca / Wacker 6. Market of carbon black 594 1) The trend of carbon black production volume and value ( ) 2) Main manufacturers of carbon black (2010) 3) Features 4) Main products and environmental measure 5) OEM vs aftermarket 6) Others 7) Outline of the companies 7. Market for wax 598 1) The trend of wax production volume and value ( ) 2) Proportion of production classified by type of wax (2010) 3) Type of wax and manufacturers 4) Trend of price of wax 5) Outline of the companies
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