UV Cured Printing Inks Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

UV Cured Printing Inks Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00005882
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET ANALYSIS

UV cured printing inks are specially formulated inks which once printed on the surface are dried are dried onto the surface with intense UV light. UV cured inks offer various benefits for printing on to different substances. Some of the benefits offered by UV cured inks include excellent adhesion, chemical resistance, great abrasion, super consistency and reliability, no need for evaporation, and no VOC emission.

GROWTH DRIVERS AND CHALLENGES

Increasing demand for UV cured printing inks in various applications such as packaging, commercial and publication, automotive, and others owing to their superior characteristics is driving the growth of market. UV cured printing inks offers superior characteristics such as low volatile organic compound content, high bonding qualities, and reduced drying time. Bio-compatible properties such as waste reduction, low energy consumption, and other has further surged its demand in various applications. In addition, technological advancement in UV cured printing ink is further propelling the market growth. However, fluctuation in raw material prices may hinder the growth of UV cured market. In addition, substitutes such as electron beam inject ink, water-based ink, and others may hamper the expansion of market.

REPORT SEGMENTATION AND SCOPE

The "Global UV Cured Printing Inks Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global UV cured printing inks market trends and growth opportunities. The report aims to provide an overview of the global UV cured printing inks market with detailed market segmentation by printing process, application, and geography. The global UV cured printing inks market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of UV cured printing inks worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the UV cured printing inks market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the UV cured printing inks market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative UV cured printing inks market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global UV cured printing inks market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global UV cured printing inks market is segmented on the basis of printing process, and application. Based on printing process, the UV cured printing inks market is segmented as, offset printing, flexographic printing, gravure printing, digital printing, and others. The UV cured printing inks market is categorized on the basis of application into, packaging, commercial & residential, automotive, and others.

Based on printing process, digital printing process accounted for a significant UV cured printing inks market share which can be attributed to several benefits offered by UV cured inks in digital printing. Excellent adhesion, great abrasion, chemical resistance, reliability and super consistency are some of the benefits offered by UV cured ink in digital printing. Based on application, packaging accounted for a major UV cured printing inks market share owing to rising demand for sustainable packaging, and emergence of smart labelling. 

REGIONAL ANALYSIS

The report provides a detailed overview of the global UV cured printing inks market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. North America is estimated to account for a significant UV cured printing ink market share globally. The growth in the region attributed to increasing demand for environmentally friendly inks and presence of numerous electronics companies including Avago, Intel, Micron, and Texas Instruments.  Asia Pacific is also expected to witness considerable growth with growing several sectors such as automotive, packaging, commercial and publications, and emerging economies such as India and China. Europe is also expected to be an attractive market for UV curing printing inks during the forecast period, owing to the increasing technological advancements.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnership, acquisitions and new product launches were found to be the major strategies adopted by the players operating in the global UV cured printing inks market.

In May, 2022, Zeller+Gmelin Corporation announced the launch of UV-Curable inks for inject printing. The launch was aimed to expand its product portfolio in the segments of labels and packaging as well as molded parts and metal decoration.

IMPACT OF COVID-19

The covid-19 pandemic led to a decline in the progress of many industries across the globe. Shutdown of manufacturing plants and restricted trade across the globe led to supply chain constraints for the manufacturers across the globe. UV cured printing ink market experienced a slump during the pandemic owing to the uncertainty in the automotive, packaging, commercials and publication industries. This subsequently hampered the manufacturing, delivery schedules, and sales of various goods. According to the US International Trade Commission (USITC), the automotive industry was highly vulnerable during pandemic, and vehicle sales in the US decreased by 15% from 2019 to 2020. Despite these ill effects of end-use industries, the UV cured printing ink market began reviving in late 2020 due to significant measures taken by governments, e.g., well-coordinated vaccination drives. This is expected to provide the impetus for the resurgence of the UV cured printing inks market in the coming year.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the UV cured printing inks market include, Sun Chemical, Teikoku Printing Inks Mfg. Co., Ltd., Maxell, Ltd., Kao Collins Corporation, Marabu, NUtec Digital Ink (Pty) Ltd, TOKYO PRINTING INK MFG CO., LTD., FUJIFILM Specialty Ink Systems Limited, T and K TOKA Corporation, MIMAKI ENGINEERING CO., LTD., Flint Group, Kao Collins Corporation, NUtec Digital Ink (Pty) Ltd, and RUCO Druckfarben, among others.


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REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies

1. A. M. Ramp U. Co. Gmbh. 2. Apv Engineered Coatings3. Asian Machine Tool Corporation Pvt. Ltd. 4. Flint Group5. Gans Ink and Supply Co. Inc. 6. Hewlett-Packard Company7. Marabu Inks Gb. 8. Mimaki Engineering Co. Ltd. 9. Paul Leibinger Gmbh and Co. 10. T and K Toka Co. Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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