UV Cured Printing Inks Market - Forecast(2023 - 2028)

Report Code: CMR 90632 Report Format: PDF + Excel
Overview

UV Cured Printing Inks Market size is forecast to reach $7.94 billion by 2025, after growing at a CAGR of 15.57% during 2020-2025. UV cured printing inks is the special kind of ink which consist of characteristics of quickly drying through the process of chemical photosynthesis. The UV-curable inks vehicle consists of four components that is monomers, oligomers, pigments, and photoinitiators. The UV rays cured printing inks contains better physical properties which obtained by consuming less time, energy use, reduction waste and low population due to which they are widely used in various end use industries like packaging and others which is driving the UV Cured Printing Inks market.
 
Key Takeaways
  • Asia Pacific dominates the UV cured printing inks market owing to increasing demand from applications such as packaging. 
  • 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.  
  • Increasing demand from package printing, publishing, newsprint, and other commercial printing is expected to boost the UV cured printing inks market.
By Curing Process - Segment Analysis

LED curing segment held a significant share in the UV cured printing inks market in 2019. UV LED embraces many of the advantages of traditional UV curing for manufacturing processes. It offers advanced capabilities like low heat, no generation of any infrared output that is translated into heat. This is extremely important on manufacturing lines where the introduction of heat changes the chemical properties of the coating or adhesive. Ultraviolet (UV) curing is a photochemical process which uses high-intensity UV light to cures or dries inks, coatings and adhesives instantly. Process stability and consistent stable output is possible with UV LED curing due to which the market is expected to grow during the forecast period. 

By Printing Process - Segment Analysis

Flexographic printing process segment held a significant share in the UV cured printing inks market in 2019. Flexographic printing is a technique that uses a flexible printing plate. Earlier, these printing plates were made of rubber, and nowadays businesses use flexible photopolymer printing plates.  It has high speed production, and uses rolls of substrates, which allows large orders to be printed without interruptions. Flexo not only accommodates a wide variety of substrates, but it also allows the use of various types of inks. Water based ink, solvent based ink or U.V curable ink can be used depending on the type of substrate being used. 

Application - Segment Analysis

Packaging held a largest share in the composites market in 2019 and is expected to grow at a CAGR of 15.91% during the forecast period. The usage of UV cured printing inks gives an overall better dot and print effect, resulting in a high-quality finish. They are also available in a wide range of finishes that can be used in gloss finishes, surface protection, and many other print processes where UV can immediately cure. As they are able to fully dry during the print process, helping the product to proceed quickly for the next step of production has also made UC cured printing inks a preferable choice among manufacturers.

Geography- Segment Analysis

Asia-Pacific dominated the UV cured printing inks market with a share of more than 42%, followed by North America and Europe.  Increased spending by consumers on packaged goods, especially in food and beverage, is the one of the major factors driving the UV cured printing inks market growth. The growth in the packaging industry is expected to majorly drive the printing ink market in India. According to the Indian Federation of Indian Chambers of Commerce and Industry (FICCI) and Tata Strategic Management Group (TSMG), the packaging industry in India is expected to rise from USD 46 billion, in 2016, to reach USD 73 billion, by 2020.

Drivers – UV Cured Printing Inks Market
  • Growing  food & beverage industries
Fast-growing packaged food and beverage industries have led to the increasing use of UV inks for label printing. UV LED inks are an emerging technology, which is gradually replacing UV inks across different verticals. Currently, UV curable inks have emerged as an ideal alternative to solvent and water-based ink technologies owing to its suitability over a variety of substrates. UV cured printing inks is expected to continue its popularity in the industrial sectors owing to the constant technological advancements. UV LED inks are expected to gradually replace the conventional UV inks owing to the improved energy efficiency and longer shelf life of LED lamps.

Challenges – UV Cured Printing Inks Market
  • Availability of substitutes
Availability of substitutes such as water-based inks, electron beam inkjet inks, etc. is expected to hinder the expansion of the UV cured printing inks market. Much progress has been made in the last few years for the application of electron beam curing in sheet-fed processes and also broadening the ink technology so that it can be used effectively on gravure and flexo presses. As such, a slight shift in trend has been observed toward the application of EB cured printing inks from UV cure printing inks.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the UV cured printing inks market. In 2019, the market of UV cured printing inks has been consolidated by the top five players accounting for xx% of the share. Major players in the UV cured printing inks market are Flint Group, T&K TOKA Corporation. Ltd, DIC Corporation, Avery Dennison Corporation and Fujifilm Corporation, among others. 

Product Launch
  • In November 2016, Flint Group launched the next generation of UV Low Energy Curing, Highly Reactive Inks and Coatings, for Sheetfed and Web Offset Printing
1. UV Cured Printing Inks Market - Overview
        1.1 Definitions and Scope
2. UV Cured Printing Inks Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. UV Cured Printing Inks Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. UV Cured Printing Inks Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. UV Cured Printing Inks Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. UV Cured Printing Inks Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. UV Cured Printing Inks Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. UV Cured Printing Inks Market - By Curing Process (Market Size -$Million / $Billion)
        8.1 Arc Curing
        8.2 LED Curing
9. UV Cured Printing Inks Market - By Printing Process (Market Size -$Million / $Billion)
        9.1 Offset Printing
        9.2 Flexographic Printing
        9.3 Gravure Printing
        9.4 Digital Printing
        9.5 Others
10. UV Cured Printing Inks - By Application (Market Size -$Million / $Billion)
        5.3.1 Packaging
        5.3.2 Commercial & Publication
        5.3.3 Textile
        5.3.4 Others
11. UV Cured Printing Inks- By Geography (Market Size -$Million / $Billion)
        11.1 UV Cured Printing Inks Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 UV Cured Printing Inks- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 UV Cured Printing Inks- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 UV Cured Printing Inks - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 UV Cured Printing Inks - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. UV Cured Printing Inks Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. UV Cured Printing Inks Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. UV Cured Printing Inks Market - Key Company List by Country Premium
15. UV Cured Printing Inks Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Apv Engineered Coating
        15.3 Colorgen
        15.4 Eastern Marking Machine Corporation
        15.5 Flint Group
        15.6 Gans Ink Supply Co
        15.7 Hewlett-Packard Company
        15.8 Illinois Tool Works, Inc
        15.9 Marabu Ink Gb
        15.10 Mimaki Engineering Co Ltd
        15.11 Nazdar Ink Technology
        15.12 Nutec Digital Ink Pvt Ltd
        15.13 Paul Leibinger Gmbh Co
        15.14 Ruco Druckfarben
        15.15 Superior Printing Ink Co Inc
        15.16 Tk Toka Co Ltd
        15.17 Toyo Ink Sc Holding Co , Ltd
        15.18 Company 17
        15.19 Company 18 & More
*Financials would be provided on a best efforts basis for private companies
16. UV Cured Printing Inks Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. UV Cured Printing Inks Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends