The global UV cured printing inks market is likely to see a surge in demand due to its lesser emission of VOC. The market is for global UV cured printing inks is highly fragmented in nature. The international companies are focusing on in-licensing and partnerships with regional players in order to augment their presence in emerging regions such as Latin America and Asia Pacific. Rise in crude oil prices has took a toll on the raw materials required for developing UV cured printing inks, thus the manufacturers are forming an alliance with raw material suppliers so that they won’t face deficit in raw materials which in term can deter the production. Some of the major players in the market are T&K TOKA CO., INX International Ink Co., Siegwerk Druckfarben AG & Co, HuberGroup, Wikoff Color Corporation, DIC Corporation, Flint Group, nazdar, SICPA HOLDING SA, and others.
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According to Transparency Market Research, the global UV cured printing inks market is likely to expand at 9.0% CAGR during the forecast period 2017-2026. The market which was valued at US$1634.5 mn in 2017 is likely to go past that value during the assessed period. On the basis of type of ink, freed radical ink type is prognosticated to hold the leading share in the market due to the surge in demand for excellent print quality accompanied with unique feel of UVcured product which the free radical UV inks offer. Geographically, Asia Pacific is anticipated to hold the lead in the market due to the rise in demand of UV cured printing inks in various industrial sector. The Asia Pacific is anticipated to expand at a whooping CAGR of 9.4% during the assessed period. The region is mainly driven by China, India and Vietnam.
Rise in Demand from Packaging Sector to Bolster the Demand for The Market
UV cure printing inks market is seeing a surge in demand from packaging sector across the world. Rise in use of digital printing these days is helping the market grow at an exponential rate. Digital printing which is helping to transform the packaging industry due to rise in demand for customized packaging, is surging the demand for UV cured printing inks. The need for digital printing on packaging is providing a distinction which has proved to attract lot of customers, is playing a major role in driving the market. Packaging substrate like cartons, labels, and corrugated boxes with customized commercialization on them have known to have a positive impact on the customers.
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Low Emission of VOC to Drive the Market
The rise in demand for UV cured printing inks is majorly driven by the fact that it has low VOC emission. These printing inks are known to have no hazardous air pollutants. The UV cured printing inks uses oligomers, photo initiators, and monomers which are not classified as hazardous. This factor helps environmentally conscious population to rely on UV curved printing inks, thus fueling the growth of the market. Factor such as UV cured printed products which can be recycled into both low graded and high graded by using floatation process accompanied with no need for air pollution control equipment is anticipated to provide a lucrative opportunities for the growth of the market.
The review of the global UV cured printing inks market is based on a recent market research report by TMR, titled “UV Cured Printing Inks Market (Curing Type - Arc Curing, LED Curing; Ink Type - Free Radical, Cationic; Application - Flexographic, Gravure Printing, Offset Printing, Digital Printing, Screen Printing; End use -Publication and Commercial Printing, Packaging)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast - 2017 – 2026”
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The new research report titled "UV Cured Resins Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the UV cured resins market include Arkema Group, BASF SE, Covestro AG, DIC Corporation, Hitachi Ltd., Koninklijke DSM N.V., Miwon Specialty Chemical Co Ltd., The Nippon Synthetic Chemical Industry Co. Ltd., Toagosei Co. Ltd. and Wanhua Chemical Group Co. Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global UV Cured Resins Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/uv-cured-resins-market/download-sampleMarket DynamicsThe increasing environmental regulations in order to control emissions coupled with a rising trend for green technology is primarily driving the market growth.
However, limited application and high initial investment cost are likely to hamper market growth.
