The global UV curable ink market size was US$ 1.1 billion in 2021. The global UV curable ink market size is forecast to reach US$ 4.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.68% during the forecast period from 2022 to 2030.
The UV curing process is based on a photochemical reaction in which ultraviolet light is employed to cure or dry inks instead of heat. Monomers, oligomers, pigments, and photoinitiators are among the four components of UV curable inks. The liquid monomers and oligomers are combined with a tiny amount of photoinitiators and then subjected to UV radiation in the UV curing process. UV curable inks have gained widespread acceptance across many industry verticals, including automotive, publishing and printing, and medicals, due to numerous advantages such as time savings, improved print quality, lower energy costs, and environmental benefits due to solvent-free technology.
Download free sample of this report :-https://www.quadintel.com/request-sample/uv-curable-ink-market/QI038
Factors Influencing Market Growth
Rising demand for UV curable ink in several printing applications due to superior features, such as low volatile organic compound content, decreased drying time, and high bonding qualities, drive the global market.
Technical advances in the field have reduced the chance of fading, bubble formations, and de-lamination fueling the global market growth.
The advantages of UV curable ink, such as its bio-compatible properties, low pollutant emission, low energy usage essential for product manufacturing, and waste removal, are forecast to offer lucrative growth opportunities for the global market during the forecast period.
Fluctuation in raw material costs may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global UV curable ink market. Several governments worldwide imposed a lockdown in order to curb the spread of the deadly virus. This led to a prohibition on imports and exports, disrupting the supply chain and slowing the growth of the UV curable inks industry. UV curable inks faced price fluctuations during COVID-19. Automobiles, consumer products, and publication & printing had lower demand for UV curable inks at COVID-19. Due to the lockout, many industries had to close, resulting in a decrease in demand for UV curable inks materials in 2020.
Regional Insights
Europe garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing demand for 3D printing and increasing environmental awareness among the population.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the existence of many electronics manufacturers. These electronics manufacturers are likely to increase demand for UV curable inks by manufacturing analog and digital semiconductor technologies.
Request full Report Description, TOC, Table of Figure, Chart, etc : –https://www.quadintel.com/request-sample/uv-curable-ink-market/QI038
Leading Competitors
The leading prominent companies profiled in the global UV cured inks market are:
Hewlett-Packard Company
Leibinger Group
RUCO Druckfarben
APV Engineered Coatings
Eastern Marking Machine Corporation
Flint Group
Toyo Ink SC Holdings Co., Limited
Gans Ink & Supply Co.
T&K Toka Corporation
Nutec Digital Ink Pvt. Limited
Other Prominent Players
Scope of the Report
The global UV cured inks market segmentation focuses on Product Type, End-Use, and Region.
Segmentation based on Product Type
Free radical
Cationic
Segmentation based on End-Use
Automobile
Consumer goods
Medical
Publications and printing
Download free sample of this report :-https://www.quadintel.com/request-sample/uv-curable-ink-market/QI038
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Request Full Report : –https://www.quadintel.com/request-sample/uv-curable-ink-market/QI038
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
- Robust, detailed segmentation
- In-depth analysis in all geographies.
- Detailed breakup in various segmentation.
- Rigorous primary and secondary research
We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website : https://www.quadintel.com/