DUBLIN, Nov. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/g9jwq6/world_uv_curable) has announced the addition of the "World UV Curable Inks Market - Opportunities and Forecasts, 2014 - 2020" report to their offering.
World UV Curable InksMarket Opportunities and Forecasts, 2014 - 2020, forecasts that the world UV curable inks market would garner a revenue of $3.5 billion by 2020, registering a CAGR of 15.7% during 2015 - 2020
Fast-growing packaged F&B industries have led to the increasing use of UV inks for label printing. UV LED inks is an emerging technology, which is gradually replacing UV inks across different verticals. The Asia-Pacific market is expected to witness an upsurge owing to the increasing adoption in labelling of drugs and consumer goods.
The printing industries have been facing the issues of Volatile Organic Compound (VOC) emissions in the recent years. Stringent environmental regulations pertaining to volatile organic compound (VOC) emissions and remarkable curing properties of UV curable inks would increase their adoption in the publication sector. Moreover, sluggish curing properties and low resolution images associated with conventional inks have boosted the demand for instantly curable, high quality and eco-friendly UV inks. In the current scenario, UV curable inks have emerged as an ideal alternative to solvent and water-based ink technologies owing to its suitability over a variety of substrates. UV ink is expected to continue its popularity in the industrial sectors owing to the constant technological advancements. UV LED inks is expected to gradually replace the conventional UV inks owing to the longer shelf life and improved energy efficiency of LED lamps.
The publications and printing industry would continue to be the leading consumers of UV inks in future. However, the printing industry would witness a decline in the demand for UV inks owing to growing usage of electronic content. Publication and printing industry would constitute nearly one-third of the total market revenue by 2020; whereas, the consumer goods industry would grow at the fastest CAGR during the forecast period. Free radical UV inks segment has contributed to about 90% share of the total world UV curing inks market in 2014 owing to its superior adhesion, faster curing and improved durability properties.
The Asia-Pacific region, especially China, India and Southeast countries, is forecast to dominate the market throughout the analysis period reaching nearly two-fifth of the total market share by 2020. The increasing demand of UV inks for personal care products, medicines, foods and drinks and others would foster the sales in this region. North America and Europe would grow at significant CAGR during the forecast period. UV LED inks has been gradually gaining importance in these regions due to their superior benefits over UV inks that are cured through mercury lamps.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 World Uv Curable Inks Market By Product Type
Chapter 5 World Uv Curable Inks Market By Industry Vertical
Chapter 6 World Uv Curable Inks Market By Geography
Chapter 7 Company Profiles
- APV Engineered Coatings
- Eastern Marking Machine Corporation
- Flint Group
- Gans Ink & Supply Co.
- Hewlett-Packard Company
- Leibinger Group
- RUCO Druckfarben
- T&K Toka Corporation
- Toyo Ink SC Holdings Co.
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SOURCE Research and Markets