Global UV Cure Printing Inks Market Size By Curing Process (Arc Curing, LED Curing), By Printing Process (Digital Printing, Lithographic Printing), By Application (Commercial and Publication, Packaging), By Geographic Scope And Forecast

UV Cure Printing Inks Market Size And Forecast

UV Cure Printing Inks Market size was valued at USD 2.22 Billion in 2023 and is projected to reach USD 5.9 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.

Many reasons such as rising demand in the packaging industry and its special properties of generating low volatile compounds and meeting the desire for digital painting, the market for UV-cured printing inks is expanding rapidly. In addition, growing utilization in the printing sector to boost productivity while reducing consumption costs is projected to fuel demand for UV-cured printing inks in the years to come. The Global UV Cure Printing Inks Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global UV Cure Printing Inks Market Definition

A common printing ink called Ultra-Violet (UV) ink employs ultraviolet light to cure the inks as they are printed. During the procedure of chemical photosynthesis, drying or curing takes place. When making UV-cured printing ink, liquid monomer and oligomer are combined with a photoinitiator before being exposed to ultraviolet light. Due to their unique characteristics, most printers nowadays operate on UV cured printing inks rather than traditional inks.

The UV rays cured printing inks exhibits properties such as time-saving, high bonding qualities, reduced drying time, reduction of waste, and low volatile organic compound. These inks find extensive applications in the industry such as publication, advertisement commercial printing, and packaging. The UV rays cured printing inks are predominately used in sports equipment, automotive, plastics, electronics, and medical, sports equipment.

Global UV Cure Printing Inks Market Overview

The global market for UV cured printing inks is anticipated to be induced throughout the forecast period by higher demands for packaging from a number of purposes, including food and pharmaceutical packaging. UV inks are being used more often for label printing as a result of the packaged food and beverage industries’ rapid expansion. An innovative technology called UV LED inks is gradually displacing UV inks in a variety of industries. Because they work well on a range of surfaces, UV curable inks have recently become the preferred option to solvent and water-based ink technologies. Because of ongoing technical improvements, UV cured printing inks are anticipated to maintain their attractiveness in the industrial sectors. On the other hand, the market’s expansion is being hampered by the collapse of traditional commercial printing.

It is anticipated that the accessibility of alternatives like water-based inks and electron beam inkjet inks would restrict the growth of the UV cured printing inks market. Ink technology has advanced significantly in the past few decades, allowing for efficient usage on gravure and flexo presses as well as the application of electron beam curing in sheet-fed processes. As a result, a modest movement in trend towards the use of EB cured printing inks rather than UV cure printing inks has been noticed.

Global UV Cure Printing Inks Market Segmentation Analysis

The Global UV Cure Printing Inks Market is Segmented on the basis of Curing Process, Printing Process, Application, And Geography.

UV Cure Printing Inks Market, By Curing Process

• Arc Curing
• LED Curing
• Others

Based on Curing Process, the market is bifurcated into Arc Curing, LED Curing, and Others. The LED Curing segment accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the forecast period. Several of the benefits of conventional UV curing are adopted by LED for production operations. It possesses sophisticated features including reduced heat production and no infrared emission that can be converted to heat. On production lines where the addition of heat alters the chemical characteristics of the coating or adhesive, this is crucial.

UV Cure Printing Inks Market, By Printing Process

• Digital Printing
• Lithographic Printing
• Flexographic Printing
• Screen Printing
• Others

Based on Printing Process, the market is bifurcated into Digital Printing, Screen Printing, Flexographic Printing, Lithographic Printing, and Others. The Flexographic Printing segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. A flexible printing plate is used in the process of flexographic printing. Currently, firms employ flexible photopolymer printing plates instead of the previous rubber-based printing plates. Due to its fast manufacturing rate and usage of substrate rolls, it can print huge orders continuously.

UV Cure Printing Inks Market, By Application

• Commercial and Publication
• Packaging
• Textiles
• Automobile
• Others

Based on Application, the market is bifurcated into Commercial & Publication, Automobile, Packaging, Textiles, and Others. Packaging segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. due to the wide range of coatings that are available and may be utilised for surface protection, glossy finishes, and several other operations. They have become a well-liked option among manufacturers since they may completely dry during the printing process, enabling the product to proceed quickly to the next step of production.

UV Cure Printing Inks Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on regional analysis, the Global UV Cure Printing Inks Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period. In terms of plastic packaging, Europe is the world leader. The British Frozen Food Federation reports that sales of frozen food have increased significantly as a result of increased knowledge of healthy eating adheres to following the COVID-19 outbreak. Additionally, in comparison with the last year, sales of frozen foods increased overall in the United Kingdom.

Key Players

The “Global UV Cure Printing Inks Market” study report will provide valuable insight with an emphasis on the global market including the major players in the market are APV Engineered Coatings, T & K TOKA Corporation, Flint Group, FUJIFILM Corporation, HUBERGROUP DEUTSCHLAND GMBH, DIC Corporation, HP Development Company LP, NX International Ink Co., Marabu GmbH & Co. KG, TOKYO PRINTING INK MFG CO. LTD, among others.

This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In June 2020, Sensient Imaging Technologies and numerous other ink-related firms will be purchased by Sun Chemical and DIC Corporation in a formal agreement that was signed. By utilising complimentary technologies, Sun Chemical and DIC will be able to improve their inkjet ink capabilities and experience.
• In June 2020, The acquisition of RUCO Druckfarben, a well-known printing ink manufacturer situated in Eppstein, Germany, by NX International Ink Co., a subsidiary of SAKATA INX CORPORATION, was completed, according to the company. The company’s printing ink business should grow as a result.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global UV Cure Printing Inks Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global UV Cure Printing Inks Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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