North America UV Cure Printing Inks Market: Overview
Manufacturers of UV cure printing inks have always seen demand potential from a range of industries. Growing demand for packaged materials is projected to fuel the growth of the North America UV cure printing inks market. The main motive of creating of UV curable inks is to use them as a substitute to solvent-based products. Use of UV curing is widespread in the printing industry. UV curing is a photochemical process that uses high-intensity ultraviolet light. This helps in instantly curing or drying inks.
The North America UV cure printing inks market is projected to show growth at the stupendous CAGR of 10.30% during period of 2016–2024. The revenues of this market are all set to grow from US$362.9 mn in 2015 to US$865.9 mn by 2024.
In traditional air- and heat-drying processes, solvents are evaporated. This leads in shrinking the original application by over 50%. At the same time, it situation is responsible for creating environmental pollutants. These drawbacks of conventional process have opened the doors for the entry of UV cure. This process has no environmental harms. As a result, there is upsurge in the demand for UV cure printing inks in the North America.
The study segments the North America UV cure printing inks market on the basis of product, application, and end user.
Widespread Demand for Packaged Products Opening New Growth Avenues
Packaging, publication and commercial printing, textile, and decorative inks are some of the major end users of UV cure printing inks. Of them, publication and commercial printing industry is projected to offer highest opportunities for the growth of the North America UV cure printing inks market. Some of the key factors supporting this projection are upsurge in the demand for publication and commercial printing in wide range of industries.
Among Applications, Offset Printing Segment Projected to Outshine
Some of the key applications areas of the North America UV cure printing inks market are flexographic printing, gravure printing, screen printing, digital printing, and offset printing. In 2015, the application area that gathered highest demand percentage in the North America UV cure printing inks market was offset printing. This segment had gathered almost 38% shares of the North America UV cure printing inks market. According to analysts, the segment is projected to continue this pattern of growth and will remain leading throughout the forecast period.
Countries such as Canada and the U.S. represent important regional markets for UV cure printing inks North America. Of them, the U.S. is said to be the primary market. The country has gathered highest revenues in recent period. Moreover, it is projected to continue this trend and maintain its dominance in North America UV cure printing inks market during forecast period. Upward demand curve from numerous companies from publication and commercial printing sectors is projected to help the market for the U.S. region to gather over US$678.5 mn in revenues in the forecast period.
Competitive landscape of the North America UV cure printing inks market is fairly fragmented in nature. The key reason for the same is plentiful number of players in it. This clearly indicates high competition level in the market. E. I. du Pont de Nemours and Co., Siegwerk Druckfarben AG & Co., Electronics For Imaging Inc., Marabu North America, Toyo Ink America LLC, and KGaA, INX International Ink Co are some of the important players in the North America UV cure printing inks market.
UV Cure Printing Inks Market to Ride on the Back of its Growing Preference Over Traditional Ones
UV ink is a kind of digital printing ink that makes use of UV light to cure or dry printed inks. Based on the drying and ink property, it is mostly possible to use two kinds of inks, traditional inks and UV cured ink. The method of printing both traditional ink and UV Cured Ink is the same; the only difference is the drying process and ink linked with that ink. Most printers are already utilizing UV Cured Inks printing because of the various benefits it has over traditional inks printing, which involves the fact that traditional inks printers are still using solvent inks, which are not the safest choice for printing. Traditional ones quickly evaporate into the air and release volatile organic compounds (VOCs). Traditional inks also need extra powder for spraying to dry inks, so the paper can quickly absorb regular inks and dilute the pigment into the paper and decrease the strength of the color of the paper. Since traditional inks are absorbed by the surface on which they are printed, it cannot be applied on products like foils, acrylics and plastics. Numerous benefits offered by this ink is estimated to work in favor of the global UV cure printing inks market in the forthcoming years.
Widening Scope of Use in the Packaging Sector to Pave Way for Rapid Growth of the Market
The demand for UV-cured printing inks was driven by the packaging sector. UV-cured inks provide a stronger overall dot and print effect, culminating in a high finish. They often come in a variety of finishes that can be utilized for matte finishes, surface protection, and a variety of other print processes that include UV curing. Since they can completely dry during the printing process, enabling the product to move easily to the next stage of manufacturing, they've become a popular option amongst manufacturers.
UV-cured inks were initially rejected by the packaging industry, particularly in food packaging, because they contain pigments and colorants, as well as pigments, binders, photoinitiators, and chemicals, all of which can seep into the food product. Continuous developments in the UV-cured inks market, on the other hand, have changed the scene ever since leading to an expansion of the global UV cure printing inks market in the near future.
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions And Abbreviations Used
2.2. Research Methodology
3. Executive Summary
3.1. North America UV Cure UV Cure Printing Inks Market Size, by Market Value (US$ Mn) and Market Value Share, by Region
3.2. Key Trends
4. Market Overview
4.1. Product Overview
4.2. Market Indicators: Global Solvent based Inks
4.3. Market Dynamics
4.4. Drivers, Restraints & Opportunities
4.5. North America UV Cure UV Cure Printing Inks Market & & Price Trend Analysis and Forecasts, 2015 – 2024
4.6. Porter’s Five Force Analysis
4.7. Value Chain Analysis
5. North America UV Cure Printing Inks Market Analysis and Forecasts, By Product Type
5.1. Key Findings
5.2. Introduction
5.3. Key Trends
5.4. Market Size (US$ Mn) (Kilo Tons) Forecast By Product Type
5.5. Arc Curing
5.6. LED Curing
5.7. Product Comparison Matrix
5.8. Market Attractiveness Analysis by Product Type
6. North America UV Cure Printing Inks Market Analysis and Forecasts, By Application Type
6.1. Key Findings
6.2. Introduction
6.3. Key Trends
6.4. Market Size (US$ Mn) (Kilo Tons) Forecast By Application Type
6.5. Flexographic Printing
6.6. Gravure Printing
6.7. Offset Printing
6.8. Digital Printing
6.9. Screen Printing
6.10. Application Comparison Matrix
6.11. Market Attractiveness Analysis by Application Type
7. Global Solvent based Inks Market Analysis, By End-use
7.1. Key Findings
7.2. Introduction
7.3. Key Trends
7.4. Market Size (US$ Mn) (Kilo Tons) Forecast By Application
7.5. Publication & Commercial Printing
7.6. Packaging
7.7. Others
7.8. Market Attractiveness Analysis by End-use Type
8. Company Profile
8.1. Competition Matrix
8.2. Key Players
8.2.1. Sun Chemical Corporation
8.2.1.1. Company Description
8.2.1.2. Business Overview
8.2.1.3. SWOT Analysis
8.2.1.4. Financial Details
8.2.1.5. Strategic Overview
8.2.2. Flint Group
8.2.2.1. Company Description
8.2.2.2. Business Overview
8.2.2.3. SWOT Analysis
8.2.2.4. Financial Details
8.2.2.5. Strategic Overview
8.2.3. Siegwerk Druckfarben AG & Co. KGaA
8.2.3.1. Company Description
8.2.3.2. Business Overview
8.2.3.3. SWOT Analysis
8.2.3.4. Financial Details
8.2.3.5. Strategic Overview
8.2.4. DuPont
8.2.4.1. Company Description
8.2.4.2. Business Overview
8.2.4.3. SWOT Analysis
8.2.4.4. Financial Details
8.2.4.5. Strategic Overview
8.2.5. Electronics for Imaging, Inc.
8.2.5.1. Company Description
8.2.5.2. Business Overview
8.2.5.3. SWOT Analysis
8.2.5.4. Financial Details
8.2.5.5. Strategic Overview
8.2.6. FUJIFILM Corporation
8.2.6.1. Company Description
8.2.6.2. Business Overview
8.2.6.3. SWOT Analysis
8.2.6.4. Financial Details
8.2.6.5. Strategic Overview
8.2.7. Wikoff Color Corporation
8.2.7.1. Company Description
8.2.7.2. Business Overview
8.2.8. Toyo Ink America, LLC
8.2.8.1. Company Description
8.2.8.2. Business Overview
8.2.9. INX International Ink Co.
8.2.9.1. Company Description
8.2.9.2. Business Overview
8.2.10. Nazdar
8.2.10.1. Company Description
8.2.10.2. Business Overview
8.2.11. Huber Group
8.2.11.1. Company Description
8.2.11.2. Business Overview
8.2.12. Marabu North America
8.2.12.1. Company Description
8.2.12.2. Business Overview
List of Tables
Table 01: North America UV Cure Printing Inks Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 02: North America UV Cure Printing Inks Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application Type, 2015–2024
Table 03: North America UV Cure Printing Inks Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by End-use Type, 2015–2024
Table 04: North America UV Cure Printing Inks Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
List of Figures
Figure 01: North America UV Cure Printing Inks Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 02: North America UV Cure Printing Inks Average Price (US$/Kg) 2015–2024
Figure 03: North America UV Cure Printing Inks Market Value Share Analysis, by Product Type, 2015 and 2024
Figure 04: Arc Curing Printing Inks Market Value Share Analysis, 2015 and 2024
Figure 05: LED Curing Printing Inks Market Value Share Analysis, 2015 and 2024
Figure 06: UV Cure Printing Inks Market Attractiveness Analysis, by Application, 2015
Figure 07: North America UV Cure Printing Inks Market Value Share Analysis, by Application Type, 2015 and 2024
Figure 08: Flexographic Printing Application Value Share Analysis, 2015 and 2024
Figure 09: Gravure Printing Application Value Share Analysis, 2015 and 2024
Figure 10: Offset Printing Application Value Share Analysis, 2015 and 2024
Figure 11: Digital Printing Application Value Share Analysis, 2015 and 2024
Figure 12: Screen Printing Application Value Share Analysis, 2015 and 2024
Figure 13: UV Cure Printing Inks Market Attractiveness Analysis, by Application, 2015
Figure 14: North America UV Cure Printing Inks Market Value Share Analysis, by End-use Type, 2015 and 2024
Figure 15: Publication & Commercial Printing Market Value Share Analysis, 2015 and 2024
Figure 16: Packaging Market Value Share Analysis, 2015 and 2024
Figure 17: Others Value Share Analysis, 2016 and 2024
Figure 18: UV Cure Printing Inks Market Attractiveness Analysis, by End-use, 2015
Figure 19: North America UV Cure Printing Inks Market Value Share Analysis, by Country, 2015 and 2024
Figure 20: U.S. Market Value Share Analysis, 2015 and 2024
Figure 21: Canada Market Value Share Analysis, 2015 and 2024
Figure 22: UV Cure Printing Inks Market Attractiveness Analysis, by Country, 2015
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UV Cure Printing Inks Market
*86 figures and 60 tables includes