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Global UV Curing Printing Ink Market Insight2022-04-01 Comments
According to the WK-chem Research “Global UV Curing Printing Ink Professional Survey Report 2022, Forecast to 2027”, The global uv cured printing inks market is growing at a significant pace owing to driving factors such as increasing demand in packaging industries due to its unique characteristics of emitting low volatile compounds and satisfying the need of digital painting. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.7% base on WK-chem Research regression analysis model.
“Increasing usage in the printing industry for increasing the efficiency with low consumption cost is likely to drive the demand for UV cured printing inks in the coming years. However, high regulation on disposal and slowdown of printing industry is projected to hinder the growth of UV cured printing inks market. Likewise, development of flexography printing which is a eco-friendly material may provide a lucrative opportunity for the market players in the near future.” said Judy Smith, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.
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.
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.
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.
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 Curing Printing Ink companies that include Flint Group, T&K TOKA Corporation. Ltd, DIC Corporation, Avery Dennison Corporation, Fujifilm Corporation, A.M. Ramp U. Co. Gmbh., Apv Engineered Coatings, Asian Machine Tool Corporation Pvt. Ltd.
Segmentation of UV Curing Printing Ink Market:
On the basis of curing process, the UV cured printing inks market is segmented into, arc curing and led curing. LED curing segment held a significant share in the UV cured printing inks market. 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.
On the basis of printing process, the market is bifurcated into, offset printing, flexographic printing, gravure printing, digital printing and others. Flexographic printing process segment held a significant share in the UV cured printing inks market. 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.
Based on application, the global UV cured printing inks market is segmented into, packaging, commercial & publication, textile and others. Packaging held a largest share in the composites market and is expected to grow 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.
UV Curing Printing Ink Market: Regional Analysis
In terms of geography, the global UV Curing Printing Ink market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific dominated the UV cured printing inks market, 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.
Largest share area：Asia Pacific
Largest share country：China
Product Type(by curing process)：Arc Curing and Led Curing
Product Type(by printing process)：Offset Printing, Flexographic Printing, Gravure Printing, Digital Printing and Others
Application：Packaging, Commercial & Publication, Textile and Others
Leading Company：Flint Group, T&K TOKA Corporation. Ltd, DIC Corporation, Avery Dennison Corporation and Fujifilm Corporation