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Global UV Curable Inks Market Insight May 12, 2022 Comments

Global UV curable inks are forecast to 13.01% over the next five years. According to the WK-chem Research, “Global UV Curable Inks Professional Survey Report 2022, Forecast to 2027”, the growing popularity of 3D printing technologies such as multijet printer, across various industry verticals, is likely to aid in the market growth of UV Curable Inks. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 13.01% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“The market of UV Curable Ink has been consolidated by the top players accounting for the most of the share. Technology launches, acquisitions and R&D activities should be key strategies adopted by players in the UV Curable Inks market”, said Nina Patel, Senior analyst, in WK-chem Research.
Market insight:
The continuous growth of 3D printing market globally due to its growing adoption across various industries such as automotive, packaging, electronics, and aviation is expected to boost the demand for UV Curable Inks market.
There are various internal as well as external factors responsible for the fluctuation of raw material prices and their impact on the shortage of raw material and possible supply disruptions. For instance, the trade war between the world’s two largest economies such as China and the USA that results into the fluctuation of raw material prices. Hence, this shortage increasing the cost of remaining photoinitiators material significantly and alternative materials are also affected. The high initial cost of UV inks compared to conventional printer will restrain the growth of global UV Curable Inks market over the forecast period.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading UV curable inks companies that include: T&K Toka Corporation, Tianjin Angel Chemicals, Ricoh, Flint Group, Hewlett-Packard, Gans Ink & Supply, NUtec Digital Ink, Siegwerk, Hanghua Toka, Letong Ink, Yip’s Ink, Toyo Ink Group, Kingswood Inks, among others.
Segmentation of UV Curable Inks Market:
According to the type, the market for UV curable inks is divided into: Free radical, Cationic. Free radical has the largest market share. The free radical type of UV curable inks offers various competitive advantages over cationic type such as its reaction mechanism is faster than that of cationic and consume less energy during the curing process. Hence, the adoption of free radical inks is growing from various printing applications such as offset and lithographic, which in turn drives the growth of UV Curable Inks market.
According to the application, the market for UV curable inks is divided into: Automobile, Consumer goods, Packaging, Publications and Printing. Packaging has the largest market share. Among various types of applications, the packaging segment is projected to witness a highest growth during the forecast period due to increasing uses of flexographic printing in packaging industry mostly for flexible packaging.
UV Curable Inks Market: Regional Analysis
In terms of geography, the global UV curable inks market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The growing e-commerce sector, rising demand and sales of electric vehicle (EV), and rapid expansion of end-use market across the region are driving the growth of this market in APAC. Furthermore, the Countries in South East Asia are witnessing high growth in the automotive industries. The growth in automotive sector will further drives the demand for UV Curable Inks market.
Cagr: 13.01%
Largest share area:Asia Pacific
Largest share country:China
Product Type:Free radical, Cationic.
Application:Automobile, Consumer goods, Packaging, Publications and Printing.
Leading Company:T&K Toka Corporation, Tianjin Angel Chemicals, Ricoh, Flint Group, Hewlett-Packard