The global UV curable inks market is
expected to reach USD 5.13 billion by 2024, according to a new report by Grand
View Research, Inc. Ultraviolet curable inks are increasingly substituting
various solvent-based inks in automotive, packaging and publishing applications
owing to low environmental impact and high performance efficiency.
Technological innovations related to the
use of UV LED systems to enable curing of inks are expected to enhance quality,
which in turn is expected to propel demand over the forecast period.
Additionally, efficient air-cooling techniques have also lowered the amount of
technological infrastructure and equipment required to support the curing
process, thus saving energy and improving cost efficiency.
Growing demand for inks in printing
application is expected to be the key driver for UV curable ink market over the
forecast period. Furthermore, faster drying times coupled with high saturation
properties of the product enables use over rigid surfaces, thus promoting
application in printing. However, the high cost of the product as compared to
its counterparts is likely to restrain market growth over the next eight years.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/uv-curable-inks-market
Further key findings from the report suggest:
·
Free radical UV curable inks accounted for
over 90% of the revenue share in 2015.High flexibility coupled with increased
depth of cure and low cost are expected to drive demand over the next eight
years. However, the growth is limited by the emergence of cationic technology
providing improved adhesion properties as compared to free radical inks.
·
Publication application of ultraviolet
curable inks accounted for the largest revenue share in 2015, and this trend is
expected to continue over the forecast period owing to rising need for
environment-friendly ink in this sector. However, growing electronic content
replacing publication printing is likely to limit growth over the forecast
period.
·
Packaging industry application in the
market is expected to witness the fastest growth, at a CAGR of over 12% from
2016 to 2024. Growing demand for low migration UV cured inks in food&
beverage as well as other consumer goods packaging is likely to augment growth
over the projected period. Furthermore, stringent regulations restricting the
use solvent based inks in packaging application owing to its VOC content is
expected to promote demand for UV curable inks.
·
Asia Pacific accounted for the largest
revenue share, of over 50% in 2015. The region is also expected to witness the
highest growth, owing to rising demand for publication and packaging.
Furthermore, rising demand for medical device manufacturing technology is
expected to augment growth over the forecast period.
·
Key players in the industry include Hewlett
& Packard Company, RUCO Druckfarben,Toyo Ink SC Holdings Co., Ltd., T&K
Toka Corporation, NUtec Ink, Marabu Co., Mimaki Global, Superior Printing Inks,
Armstrong World Industries Inc., Heraeus Noblelight, Bordeaux Digital Printink,
Roland DGA, Changzhou Dobest International Trading Co. Ltd.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the UV
curable inks market on the basis of product, application and region:
UV Curable Inks Market Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
Free Radical
·
Cationic
UV Curable Inks Market Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
Automotive
·
Medical
·
Publications
·
Packaging
·
Others
UV Curable Inks Market Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2013 - 2024)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Brazil
·
Middle East & Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-uv-ultraviolet-curable-inks-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
For more information:
http://www.grandviewresearch.com
