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 likely that it will surpass this value in the forecast period. The market’s largest share is expected to be held by free radical ink because of the increased demand for high quality print products and the unique UVcured feel that these inks provide. Asia Pacific is expected to lead the market geographically due to increased demand for UV cured printing products in different industrial sectors. 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.
The Market is Boosted by a Rise in Demand from the Packaging Sector
There is a huge demand for UV cure printing inks from the packaging industry around the world. The market is growing at an incredible rate due to the increasing use of digital printing. The demand for UV-curable printing inks is increasing because of digital printing, which is helping transform the packaging industry. Digital printing is a key driver of the market. It is a distinctive feature that has attracted many customers. The positive impact of packaging substrates such as cartons, labels and corrugated containers with custom commercialization has been proven to be beneficial for customers.
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Market Driven by Low VOC Emissions
High VOC emission is the main reason for UV-cured printing inks’ popularity. These printing inks do not emit hazardous air pollutants. UV cured printing inks are made with oligomers, photo initiators and monomers that aren’t classified as 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 presents the following segments of the global UV-cure printing inks market:
Global UV-cured Printing Inks Market by Type
Global UV-cured Printing Inks Market by Ink Type
Global UV-cured Printing Inks Market by Application
- Gravure printing
- Offset printing
- Digital Printing
- Screen Printing
Global UV-cured Printing Inks Market by End-user Industry
- Publication & Commercial Printing
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