The modern-day document posted via Report Ocean, titled “UV Curable Inks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
World UV curable inks market is expected to generate a revenue of $3.5 billion by 2020, registering a CAGR of 15.7% during 2015-2020. Ultraviolet (UV) curable inks undergo a photochemical process in presence of ultraviolet light, which leads to the drying of the ink. UV curable inks have witnessed widespread acceptance over traditional inks due to various advantages such as superior bonding, reduced rejection rates and superior solvent resistance properties. UV inks have witnessed an upsurge in their adoption owing to favoring environmental regulations, growing awareness and increased focus on improving the safety of packaged foods. UV inks have been majorly used in the packaging industry, mostly in the Asia-Pacific region.
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Furthermore, the increasing applications of 3D printing across various verticals have boosted the growth of the market. However, high costs of equipment and fluctuating prices of raw materials would marginally restrict the growth of the market. Technological advancements in the field of UV printing have created ample opportunities for the growth of the market. The recently developed technology, UV LED inks, have been significantly accepted among customers owing to their superior advantages over mercury lamp curable UV inks.
World UV curable inks market is segmented based on product type, industry vertical and geography. Free radical inks offers superior adhesion, instant curing and better durability properties compared to cationic UV inks. UV inks have been increasingly adopted across various verticals including automobile, medical, consumer goods, publications and printing industries. The world UV curable inks market has been analyzed on the basis of different geographical regions, which include North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific would be the fastest growing region among others owing to high adoption of UV inks in countries such as China, India and Japan.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS:
The study provides an in-depth analysis of the UV curable inks market with current and future trends to elucidate the imminent investment pockets in the market.
The report provides information regarding key drivers, restraints and opportunities with impact analysis for the forecast years.
Porter’s five forces model and SWOT analyses of key market players have been provided to highlight the potency of the buyers and sellers in the industry.
The value chain analysis of the industry signifies the key intermediaries involved and elaborates their roles at every stage in the value chain.
The quantitative analysis of the market during the period of 2014-2020 has been provided to elaborate the market potential.
Key Players
APV Engineered Coatings
Hewlett-Packard Company
Illinois Tool Works, Inc.
Leibinger Group
RUCO Druckfarben
Eastern Marking Machine Corp.
Flint Group
Toyo Ink SC Holdings Co., Ltd.
Gans Ink & Supply Co.
T&K Toka Corporation
KEY MARKET SEGMENTS:
The market is segmented based on product type, industry vertical and geography.
Market by Type
Free radical
Cationic
Market by Industry Vertical
Automobile
Consumer goods
Medical
Publications and printing
Others
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Market by Geography
North America
Europe
Asia-Pacific
LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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