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.

north america uv cure printing inks

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.

North America UV Cure Printing Inks Market: Overview

Ultraviolet curing (UV curing) is a photochemical process wherein high intensity UV light is used to cure or dry inks, adhesives or coatings. UV cure inks speed up the printing process by reducing the drying time while facilitating superior bonding. UV cure inks do not employ the use of environmentally harmful solvents, additionally; they do not cause loss of coating thickness and volume loss in final prints.

The report provides in-depth analysis and forecast of the UV Cure Printing Inks Market in North America. It includes forecast for the period from 2016 to 2024 in terms of volume (Kilo Tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the UV Cure Printing Inks Market in North America. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the revenue and volume figures for the UV Cure Printing Inks Market in North America.

Furthermore, the bottom-up approach has been employed to derive data for various application segments based on demand for UV cure printing inks. A combination of top-down and bottom-up approaches helps validate the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

North America UV Cure Printing Inks Market: Scope of the Study

Detailed analysis of various factors driving the UV Cure Printing Inks Market in North America has been included for astute decision making. Impact of these drivers has been analyzed with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the course of the forecast period. The report also comprises various opportunities available for market growth during the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the UV Cure Printing Inks Market in North America during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the printing inks industry, from raw material suppliers to end-users. Various processes employed in the manufacture of printing inks have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period.

Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis comprises the market share of dominant players in 2015, based on their production capacities. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.

North America UV Cure Printing Inks Market: Segmentation

The report comprises detailed analysis of all the segments in the UV Cure Printing Inks Market in North America and forecast based on current and future trends in the industry in terms of volume (tons) and revenue (US$ Mn). These inks can be classified into liquid and paste. Liquid inks are employed in gravure and flexographic printing processes, while paste inks are used in offset printing process. Pigments are extensively used in printing inks as colorants (except in flexographic printing process). Invisible or fluorescent printing dye stuff is used as colorants in flexographic printing process and some other special applications such as heat transfer printing.

Based on application, the UV Cure Printing Inks Market in North America has been segmented into screen printing inks, flexographic printing inks, gravure printing inks, offset printing inks, digital printing inks, and specialty inks.

In terms of end-user, the market has been segmented into publication & commercial printing, packaging, and others (textile, decorative inks, etc.). Demand for printing inks in each of its application segments has been analyzed and forecast for the period of eight years.

Companies mentioned in this research report

The report also comprises profiles of leading companies in the UV Cure Printing Inks Market in North America. These include Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, E. I. du Pont de Nemours and Company, Electronics For Imaging, Inc, FUJIFILM Corporation, Marabu North America, Huber Group, Toyo Ink America, LLC, INX International Ink Co, Nazdar, and Wikoff Color Corporation. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

This report segments the UV Cure Printing Inks Market in North America as follows:

UV Cure Printing Inks Market – Product Analysis

  • Arc Curing
  • LED Curing

UV Cure Printing Inks Market – Application Analysis

  • Flexographic Printing Inks
  • Gravure Printing Inks
  • Offset Printing Inks
  • Digital Printing Inks
  • Screen Printing Inks

UV Cure Printing Inks Market – End-user Analysis

  • Publication & Commercial Printing
  • Packaging
  • Others (Textile, Decorative inks, etc.)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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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North America Uv Cure Printing Inks Market