The Global PCB Water-Based Ink Market was valued at USD 793.2 Million in 2025 and is projected to reach USD 1.28 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2025–2034). This robust growth is primarily fueled by escalating demand from the consumer electronics and automotive sectors, alongside a global regulatory push for low-VOC (Volatile Organic Compound) and environmentally sustainable manufacturing processes.

As the electronics industry accelerates its transition towards greener production, the focus intensifies on the key chemical suppliers that are pioneering advanced, eco-friendly ink formulations. In this analysis, we profile the Top 10 Companies in the PCB Water-Based Ink Industry—a combination of global specialty chemical leaders and regional powerhouses shaping the future of printed circuit board manufacturing.

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🔟 1. Winson Group

Headquarters: Taoyuan City, Taiwan
Key Offering: Solder Resist Inks, Circuit Inks, Character Inks

Winson Group is a prominent global supplier of electronic chemicals, with a comprehensive portfolio of water-based inks for PCB fabrication. The company specializes in high-performance solder masks and circuit inks that meet stringent international standards for reliability and environmental compliance, serving a diverse clientele across Asia, Europe, and the Americas.

Innovation Initiatives:

• Development of halogen-free and low-VOC ink formulations

• R&D focus on inks for high-density interconnect (HDI) and flexible PCBs

• Strategic expansion of production capacity to meet growing global demand

Download FREE Sample Report: PCB Water-Based Ink Market – View in Detailed Research Report

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9️⃣ 2. Eternal Materials Co., Ltd.

Headquarters: Kaohsiung, Taiwan
Key Offering: AegisGuard™ Water-Based Solder Masks, Circuit Inks

Eternal Materials is a leading force in the Asia-Pacific PCB materials market, renowned for its innovative and reliable water-based ink solutions. The company’s products are critical for applications requiring fine-line resolution and excellent thermal resistance, making them a preferred partner for major electronics manufacturers.

Innovation Initiatives:

• Investment in nanotechnology to enhance ink adhesion and durability

• Commitment to achieving full compliance with global environmental regulations like RoHS and REACH

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8️⃣ 3. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: Sunchemical® PCB Inks, Solder Resists

DIC Corporation, through its Sun Chemical division, is a global giant in printing inks and pigments, with a significant presence in the electronics materials sector. The company offers a wide range of high-performance water-based inks known for their consistency and suitability for advanced PCB applications.

Innovation Initiatives:

• Pioneering bio-based raw materials for sustainable ink production

• Strong R&D focus on inks for next-generation 5G and automotive electronics

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7️⃣ 4. Taiyo Ink International

Headquarters: Saitama, Japan
Key Offering: PSR-4000 Series Solder Resists, Circuit Formation Inks

Taiyo Ink is a world-renowned specialist in PCB inks, with a long history of innovation. The company’s water-based solder resists are industry benchmarks for quality, offering superior insulation resistance and resistance to harsh chemical and thermal environments.

Innovation Initiatives:

• Leadership in developing inks for IC substrate and semiconductor packaging

• Global technical support network ensuring rapid customer problem-solving

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6️⃣ 5. NAN YA PLASTICS Corporation

Headquarters: Taipei, Taiwan
Key Offering: NY-Solder Mask Inks, Photoresists

As part of the Formosa Plastics Group, NAN YA PLASTICS leverages its vast chemical manufacturing expertise to produce high-quality PCB water-based inks. The company is a key supplier to the Taiwanese PCB industry, one of the largest in the world, and is expanding its global footprint.

Innovation Initiatives:

• Vertical integration allows for cost-effective and stable raw material supply

• Focus on inks that support the trend towards miniaturization in electronics

Download FREE Sample Report: PCB Water-Based Ink Market – View in Detailed Research Report

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5️⃣ 6. T&T Trading Corp. (ALLPC)

Headquarters: Mumbai, India
Key Offering: ALLPC Brand Solder Masks, Marking Inks

ALLPC is a leading supplier of PCB chemicals in the Indian subcontinent and emerging markets. The company provides cost-effective and reliable water-based ink solutions tailored to the needs of regional PCB manufacturers, supporting the growth of local electronics production.

Innovation Initiatives:

• Customized formulations for specific regional environmental conditions and substrate types

• Actively expanding product portfolio to include inks for flexible circuits

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4️⃣ 7. Jiangsu Kuangshun Photosensitivity New-Material Stock Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Photosensitive Solder Resist Inks, Dry Film Inks

Jiangsu Kuangshun is a key Chinese player specializing in photosensitive materials for the PCB industry. The company has gained significant market share by offering high-quality, competitively priced water-based inks that cater to the massive domestic manufacturing base.

Innovation Initiatives:

• Strong focus on R&D to improve the photosensitivity and development properties of inks

• Benefiting from Chinese government support for domestic material suppliers

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3️⃣ 8. Shenzhen Rongda Photosensitive & Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: UV Curable & Water-Based Solder Masks

Located in China’s electronics hub, Shenzhen Rongda is strategically positioned to serve one of the world’s largest concentrations of PCB fabricators. The company is known for its responsive customer service and ability to provide tailored ink solutions for high-volume production lines.

Innovation Initiatives:

• Rapid prototyping and formulation adjustments to meet customer-specific requirements

• Investment in automation to ensure batch-to-batch consistency

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2️⃣ 9. Zhejiang Meihong New Material Technology Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: Water-Based Inks for Flexible PCBs, Solder Resists

Zhejiang Meihong is an emerging specialist in inks for flexible printed circuits (FPCs), a high-growth segment of the market. The company’s products are engineered to withstand the mechanical stresses of bending and folding, which are critical for modern wearable devices and flexible displays.

Innovation Initiatives:

• Specialization in flexible and high-adhesion ink formulations

• Collaborations with FPC manufacturers to co-develop application-specific solutions

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1️⃣ 10. Guangdong Coants Electronic MATERIALS Co., Ltd.

Headquarters: Guangdong, China
Key Offering: Comprehensive PCB Ink Solutions, Chemical Supplies

Guangdong Coants is a integrated supplier of electronic chemicals, providing a one-stop-shop for PCB manufacturers. The company offers a range of water-based inks alongside other process chemicals, simplifying the supply chain for its customers.

Innovation Initiatives:

• Providing a full suite of compatible chemicals for the entire PCB manufacturing process

• Focus on cost-efficiency and supply chain reliability for mass-market electronics production

Get Full Report Here: PCB Water-Based Ink Market – View in Detailed Research Report

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🌍 Outlook: The Future of PCB Water-Based Ink Is Greener and More Precise

The PCB water-based ink market is undergoing a significant transformation. While performance and cost remain critical, the industry is increasingly driven by sustainability mandates and the need for higher precision to support advanced electronics.

📈 Key Trends Shaping the Market:

• Accelerated adoption driven by RoHS, REACH, and corporate ESG (Environmental, Social, and Governance) goals

• R&D focused on nano-additives to overcome performance gaps with solvent-based inks

• Growing demand for inks compatible with inkjet printing technology for digital PCB fabrication

• Strong growth in Asia-Pacific, particularly China, fueled by its dominant electronics manufacturing sector

Get Full Report Here: PCB Water-Based Ink Market – View in Detailed Research Report

The companies profiled are not only supplying essential materials for today’s electronics—they are actively developing the sustainable and high-performance solutions required for the next generation of technology.