UV Cured Printing Inks Market to Perceive Substantial Growth During 2026
The
global UV cured printing inks market was valued at around US$ 1,634.5
Mn in 2017 and is anticipated to expand at a stable CAGR of over 9.0%
during forecast period from 2018 to 2026, according to a new report
published by Transparency Market Research titled ‘UV Cured Printing
Inks Market – Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2017–2026.’ The global UV cured printing
inks market is primarily driven by less VOC emissions in UV cured
printing and continued expansion in the packaging industry. The UV
cured printing inks market in Asia Pacific is expanding at a rapid
CAGR of above 9.4% owing to the continuous demand and usage of UV
cured printing inks in various end-use sectors across the region,
especially in China, India, Australia, and Vietnam.
Read
Report Overview @
Less
VOC Emissions in UV Cured Printing and Continued Expansion in End-
use Industries to drive the Market
UV
cured printing inks usually have no significant volatile organic
compounds (VOCs) and hazardous air pollutants (HAPs). Moreover, most
of the monomers, oligomers, and photo initiators used in UV cured
printing inks are not classified as hazardous. Furthermore, UV cured
printed products can be recycled into lower grades of paper if a
washing process is used in the recycling process. Since, UV systems
emit virtually no hazardous air pollutants and only very small
amounts of volatile organic compounds, they require no additional air
pollution control equipment and are considered environmentally
friendly. This offers high expansion opportunities for the market
during the forecast period.
EU
Regulation Regarding Energy Conservation to Boost LED Curing Segment
Based
on type, the UV cured printing inks market can be segmented into arc
curing and LED curing. The arc curing segment is anticipated to hold
a major share of the market throughout the forecast period. However,
the LED curing segment is anticipated to offer high expansion
potential during the forecast period. This is primarily because LED
curing is more energy efficient when compared to conventional arc
curing.
Free
Radical Ink Type to Dominate the Global UV Cured Printing Inks Market
In
terms of ink type, the global UV cured printing inks market can be
divided into free radical and cationic. The free radical segment is
anticipated to dominate the market owing to the increasing demand for
high print quality as well as the unique feel of UVcured products
that free radical UV inks offer.
High
Expansion Potential for Flexographic and Screen Printing Application
Segments
In
terms of end-user, the UV cured printing inks market can be divided
into flexographic, gravure printing, offset printing, digital
printing, and screen printing. The offset printing segment dominated
the UV cured printing inks market in 2017. The trend is expected to
continue during the forecast period. However, the flexographic and
screen printing application segments are anticipated to offer high
expansion potential. UV flexible printing inks is a rapidly expanding
segment due to high demand for UV curing in the commercial printing
industry.
High
Demand for Energy-efficient and Cost-effective Printing Solutions to
Drive the Packaging End-use Industry Segment
In
terms of end-user, the UV cured printing inks market can be
classified into packaging, publication & commercial printing, and
others. The packaging segment dominated the UV cured printing inks
market in 2017. The trend is expected to continue during the forecast
period. Furthermore, the segment is anticipated to offer high
expansion potential for the UV cured printing inks market, as UV
cured printing inks are preferred in the packaging industry over
traditional solvent-based and water-based inks due to their
eco-friendly nature.
Economic
Growth and Increasing Population in Asia Pacific to Drive Demand
throughout the Forecast Period
In
terms of region, the global UV cured printing inks market can be
divided into Latin America, North America, Asia Pacific, Europe, and
Middle East & Africa. The UV cured printing inks market in Asia
Pacific is expected to expand at a CAGR of over 9.4 % owing to the
continuous demand and usage of UV cured printing inks in various
end-use sectors across the region. China is the leading manufacturer
as well as consumer of UV cured printing inks in the region.
Furthermore, India and Vietnam offer strong expansion potential for
UV cured printing inks in the Asia Pacific region.
Request
to view Sample Report:
Fragmented
Market with Few Key Players Dominating the UV Cured Printing Inks
Market
Key
players covered in this report are DIC Corporation, Toyo Ink Co.,
Ltd., T&K TOKA CO., LTD., Flint Group, INX International Ink Co.
(Subsidiary of Sakata INX), FUJIFILM Holdings America Corporation,
Siegwerk Druckfarben AG & Co. KGaA, ACTEGA GmbH, SICPA HOLDING
SA, Wikoff Color Corporation, Marabu GmbH & Co. KG, Nazdar, Tokyo
Printing Ink Mfg Co., Ltd., HuberGroup, and others. Companies
operating in the global market for UV cured printing inks market are
focusing on in-licensing and collaboration agreements to sell their
products in developed as well as developing regions such as Asia
Pacific and Latin America. Furthermore, with the increase in crude
oil prices, there has been an increase in the prices of raw
materials. As such, manufacturers of UV cured printing inks are
forming long term alliances with raw material suppliers in order to
maintain consistent supply, so that any deficit in raw materials
might not hamper production.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency
Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel:
+1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Comments
Post a Comment