UV Curable Inks Market Forecast to Reach $4 Billion by 2025


Posted October 12, 2020 by rohitkurup99

"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."

 
Ultraviolet (UV) curing process is based on a photochemical reaction in which ultraviolet light is used instead of heat to cure or dry inks. The UV curable inks consist of four components such as monomers, oligomers, pigments, and photoinitiators. Whereas, in the UV curing process the liquid monomers and oligomers are mixed with a small percentage of photoinitiators, and then are exposed to UV energy.
UV Curable Inks Market is forecast to reach $4 billion by 2025, after growing at a CAGR of 13% during 2020-2025. The changing environment regulations, increasing demand for the safety of packaged food, and growing digital printing market globally are the major factors responsible to enhance the overall market demand for UV Curable Ink during the forecast period.

Key Takeaways
Asia-Pacific dominates the UV Curable Inks market owing to increasing demand from applications such as automotive and electric and electronic industries.
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.
Increasing adoption of sustainable and environment friendly products, that offers reliable performance and high image quality at high print speed will increase the market demand for UV Curable Inks in the near future.
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.
The faster curing properties of free radical segment will further boost the growth of the UV Curable Inks market globally over the forecast period.

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Geography – Segment Analysis
Among the regions, in 2019, APAC dominated the UV Curable Ink market with a share of more than 40%, followed by North America and Europe. 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.

Drivers – UV Curable Ink Market
Growing demand for 3D Printing
Stringent Regulatory Framework

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the UV Curable Inks market. Major players in the UV Curable Inks Market are 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.

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Last Updated October 12, 2020