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 valued at US$1634.5mn. It is expected that it will surpass this value in the forecast period. The market’s largest share is expected to be held by free radical ink. This is due to the increased demand for high quality print products and the unique UVcured feel that these inks provide. Due to the increased demand for UV-cured printing inks across various industrial sectors, Asia Pacific will be the dominant market region. Asia Pacific is projected to grow at an astounding 9.4% CAGR during the period. This region is driven primarily by China, India, and Vietnam.
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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. Global UV cured printing inks are highly fragmented. International companies are now focusing on partnerships and in-licensing with regional players to increase their presence in emerging markets 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.
Increase in demand from the packaging sector to boost market demand
The UV cure printing inks market has seen a rise in demand from the packaging sector around the globe. This market is experiencing an explosion in digital printing. Due to the rise in demand for custom packaging, digital printing is helping to transform packaging. This is driving up the demand for UV-cured printing inks. The market is being driven by digital printing. This is because it offers a unique option that has attracted many customers. Customers have noticed a positive effect on packaging substrates like labels, cartons and corrugated boxes that have customized commercialization.
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Market driven by low VOC emissions
High VOC emission is the main reason for UV-cured printing inks’ popularity. These inks have been proven to be safe from harmful air pollutants. These UV-cured printing inks use oligomers and photo initiators as well as monomers that are not considered hazardous. This helps to increase the market’s growth by allowing the environmentally-conscious population to use UV curved printing inks. A number of factors such as UV curled printed products that can easily be recycled into low- and high-graded grades using floatation processes, without the need for any air pollution control equipment, 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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The report segments the market for UV-cured printing inks into:
Global UV Cure Printing Inks Market, Type
Global UV Cure Printing Inks Market, By Ink Type
By Application, the Global UV Cure Printing Inks Market
- Flexographic
- Gravure Printing
- Offset printing
- Digital Printing
- Screen Printing
Global UV-cured Printing Inks Market by End-user Industry
- Publication & Commercial Printing
- Packaging
- Other
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