Global UV Cured Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global UV Cured Inks Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

V ink has instant curing and fast printing speed; good adhesion fastness, wide range of printing materials; long standby time without cleaning; good printability, excellent print performance; suitable for heat-sensitive substrate printing; organic-free Solvent, does not emit harmful gases, meets environmental protection requirements and other advantages, has become the most potential environmentally friendly ink.

Market Overview:

The latest research study on the global UV Cured Inks market finds that the global UV Cured Inks market reached a value of USD 2848.99 million in 2022. It’s expected that the market will achieve USD 4000.0 million by 2028, exhibiting a CAGR of 5.82% during the forecast period.

Limitations

The main raw materials are resins, pigments, monomers, mineral oils, plant oils, auxiliaries and packaging materials, and raw materials account for a large proportion of production costs. The ultimate source of most of the company's raw materials is mainly crude oil, so the raw material procurement cost of this industry is relatively affected by the crude oil market price. In addition, rosin, as an important raw material for common offset printing ink resin, is processed from forest resin rosin. The supply of rosin market and price fluctuations are greatly affected by natural factors such as weather and environment.
Under the situation that the price of the company's products is relatively stable, if the price of the company's main raw materials fluctuates significantly, especially if it rises sharply, it will directly increase the company's production costs and adversely affect its profit.
The ink industry is a technology-intensive enterprise. The technical barriers mainly reflect two aspects: on the one hand, the research and development of new synthetic resins and ink formulations; this barrier has become the core element for large international enterprises to maintain their competitive advantages in this field; on the other hand, From the breakthrough and optimization of the production process, the industry has a high demand for technical confidentiality and technical personnel. In the production process of the product, experienced process control and technical personnel are often required.
Downstream customers of inks. For the needs of market competition and cost control, printing companies require physical properties (such as drying time, brightness, abrasion resistance) and chemical properties (such as the volatile components of the printing process under environmental protection requirements). ) There are high requirements and they are in a state of continuous update. Customers' recognition of corporate products is particularly important. After opening up the market, ink companies need strong after-sales service and technical updates to maintain stable customer relationships. For new entrants to enter the market, if they want to achieve a high level of product.

Region Overview:

Japan had the highest growth rate of all regions.

Company Overview:

The top three companies are DIC, Toyo Ink Group and T&K Toka Corporation with the revenue market share of 13.38%, 9.42% and 8.72% in 2019.

DIC Corp. is a chemical company that specializes in printing inks, organic pigments, and thermosetting resins. The Company also manufactures polymers, specialty plastics and compounds, and others which include building materials, pressure-sensitive adhesives materials, and biochemicals.

Toyo Ink Group is an investment holding company. Through its subsidiaries, the Company manufactures printing inks for printing and packaging industry. Toyo Ink also supplies, distributes, and deals in color pigment, colorants for plastics, and other printing materials.

Segmentation Overview:

Among different product types, Offset Printing UV Curable Inks segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Consumer Goods segment occupied the biggest share from 2018 to 2022.

Key Companies in the global UV Cured Inks market covered in Chapter 3:

Flint Group
Hubergroup
SAKATA INX
Hewlett-Packard
T&K Toka Corporation
Siegwerk
Toyo Ink Group
NUtec Digital Ink
Tianjin Angel Chemicals
DIC
Wikoff Color Corporation
Yip's Chemical
Ricoh
Hangzhou Toka Ink

In Chapter 4 and Chapter 14.2, on the basis of types, the UV Cured Inks market from 2018 to 2029 is primarily split into:

Offset Printing UV Curable Inks
Silkscreen Printing UV Curable Inks
Flexo Printing UV Curable Inks
Gravure UV Curable Inks
Digital Printing UV Curable Inks

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the UV Cured Inks market from 2018 to 2029 covers:

Automobile
Consumer Goods
Medical
Publications and Printing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)