Overview and Scope
UV curable inks refer to a type of ink used in printing processes that cures or dries quickly when exposed to ultraviolet (UV) light. These inks offer fast drying times, vibrant colors, and enhanced durability on a wide range of substrates. They are commonly used in various printing applications, including wide-format printing, packaging, labeling, and signage.
Sizing and Forecast
The UV curable inks market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to environmental regulations, continuous advancements in UV curing technology, increased demand for high-quality printing, cost savings, productivity improvements, and a shift towards sustainable practices.
The UV curable inks market size is expected to see strong growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growth in the packaging industry, market expansion in emerging economies, regulatory initiatives promoting environmentally friendly inks, the expansion of end-use applications, and increasing demand for high-quality, high-speed printing. Major trends in the forecast period include advancements in printing technologies, a focus on sustainability, expansion in 3D printing applications, the development of advanced UV-curable ink formulations, and a growing focus on bio-based and low-VOC UV inks.
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The uv curable inks market covered in this report is segmented –
1) By Type: Offset Printing UV Curable Inks, Silkscreen Printing UV Curable Inks, Flexo Printing UV Curable Inks, Gravure UV Curable Inks, Digital Printing UV Curable Inks
2) By Product: Cationic, Free Radical
3) By End-User Industry: Automobile, Consumer Goods, Packaging, Electronics, Medical, Publications And Printing, Other End-User Industries
Asia Pacific was the largest region in the UV curable inks market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the uv curable inks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing penetration of e-commerce is expected to propel the growth of the UV curable inks market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences towards online shopping. UV-curable ink is widely used for printing labels, barcodes, and product identifiers on e-commerce packaging. E-commerce also facilitates the distribution of UV curable ink for custom-printed apparel in the fashion industry, enabling seamless customization and rapid production. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the growing penetration of e-commerce is driving the growth of the UV curable inks market.
Key Industry Players
Major companies operating in the uv curable inks market are Hewlett And Packard Company, Heraeus Noblelight, Fujifilm Corporation, Kao Collins Corporation, Sun Chemical Corporation, Toyo Ink SC Holdings Co. Ltd., INX Digital International Co., Siegwerk Druckfarben AG And Co. KGaA, Armstrong World Industries Inc., Agfa-Gevaert Group, Mimaki Engineering Co. Ltd., T And K Toka Co. Ltd., SPGPrints B.V., Flint Group, Roland DGA Corporation, APV Engineered Coatings, Gans Ink And Supply Co., Marabu GmbH And Co. KG, Nutec Digital Ink Pvt. Ltd., Polymeric Imaging Inc., RUCO Druckfarben, Pulse Roll Label Products Ltd., Eastern Marking Machine Corp., Paul Leibinger GmbH And Co. KG, Bordeaux Digital Printink Ltd.
The uv curable inks market report table of contents includes:
1. Executive Summary
2. UV curable inks Characteristics
3. UV curable inks Trends And Strategies
4. UV curable inks – Macro Economic Scenario
5. Global UV curable inks Size and Growth
…..
32. Global UV curable inks Competitive Benchmarking
33. Global UV curable inks Competitive Dashboard
34. Key Mergers And Acquisitions In The UV curable inks
35. UV curable inks Future Outlook and Potential Analysis
36. Appendix
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