According to Transparency Market Research, the global UV cured printing inks market is likely to expand at 9.0% CAGR during the forecast period 2017-2026. In 2017, the market was worth US$1634.5 million. It is projected to grow at 9.0% CAGR during this period. The market’s largest share is expected to be held by free radical ink type. This is due to the increased demand for high quality print products and the unique UVcured feel that these free radical UVinks provide. Due to increased demand for UV-cured printing inks across various industries, Asia Pacific will be the dominant market region. Asia Pacific is expected to grow at 9.4% annual growth rate over the period. China, India, Vietnam are the main drivers of this region.
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The global UV cured printing inks market is likely to see a surge in demand due to its lesser emission of VOC. There is a fragmented market for global UV-cured printing products. International companies have begun to focus on partnerships and in-licensing with local players, in an effort to increase their presence in new regions like Latin America and Asia Pacific. Rise in crude oil prices has took a toll on the raw materials required for developing UV cured printing inks, thus the manufacturers are forming an alliance with raw material suppliers so that they won’t face deficit in raw materials which in term can deter the production. Some of the major players in the market are T&K TOKA CO., INX International Ink Co., Siegwerk Druckfarben AG & Co, HuberGroup, Wikoff Color Corporation, DIC Corporation, Flint Group, nazdar, SICPA HOLDING SA, and others.
The Market is Boosted by a Rise in Packaging Sector Demand
The UV-cure printing inks market has seen a rise in demand from the packaging industry around the globe. This market is experiencing an explosion in digital printing. Due to the rise in custom packaging demand, digital printing is driving the market for UV-cured inks. Digital printing is a key driver of the packaging market. It provides a distinct advantage that has attracted many customers. The positive effects of packaging substrates such as cartons, labels, corrugated boxes and custom commercialization have been known to be beneficial for customers.
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Market Driven by Low VOC Emissions
Because it emits low levels of VOCs, UV-cured printing inks are gaining popularity. They are free from hazardous air pollutants. UV curable printing inks use oligomers, photo initiaters, and monomers that aren’t classified as dangerous. This allows the environmentally-conscious population to use UV curled printing inks and fuels the market’s growth. A number of factors such as UV curled printed products, that can be recycled to both low and high grades using a floatation process without the need for any equipment for air pollution control are expected to offer lucrative opportunities for market growth.
The review of the global UV cured printing inks market is based on a recent market research report by TMR, titled “UV Cured Printing Inks Market (Curing Type – Arc Curing, LED Curing; Ink Type – Free Radical, Cationic; Application – Flexographic, Gravure Printing, Offset Printing, Digital Printing, Screen Printing; End use -Publication and Commercial Printing, Packaging)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast – 2017 – 2026”
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This report provides a breakdown of the market for UV-cured printing inks worldwide into:
The Global UV-cured Printing Inks Market by Type
By Ink Type, Global UV Cure Printing Inks Market
By Application, the Global UV Cure Printing Inks Market
- Flexographic
- Gravure printing
- Offset printing
- Digital printing
- Screen Printing
The Global UV-cured Printing Inks Market by End-User Industry
- Publication & Commercial Printing
- Packaging
- Other
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Transparency Market Research examines market dynamics to determine the best way forward. This analysis provides insights into the market and helps to identify opportunities across different markets. Analyzing the opportunities within the different segments, based on demographics, source, end-use, sale channel and application will help determine the market’s growth over the next ten years.
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