The global UV curable ink market size was US$ 1.1 billion in 2021. The global UV curable ink market size is forecast to reach US$ 4.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.68% during the forecast period from 2022 to 2030.
The UV curing process is based on a photochemical reaction in which ultraviolet light is employed to cure or dry inks instead of heat. Monomers, oligomers, pigments, and photoinitiators are among the four components of UV curable inks. The liquid monomers and oligomers are combined with a tiny amount of photoinitiators and then subjected to UV radiation in the UV curing process. UV curable inks have gained widespread acceptance across many industry verticals, including automotive, publishing and printing, and medicals, due to numerous advantages such as time savings, improved print quality, lower energy costs, and environmental benefits due to solvent-free technology.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global UV curable ink market. Several governments worldwide imposed a lockdown in order to curb the spread of the deadly virus. This led to a prohibition on imports and exports, disrupting the supply chain and slowing the growth of the UV curable inks industry. UV curable inks faced price fluctuations during COVID-19. Automobiles, consumer products, and publication & printing had lower demand for UV curable inks at COVID-19. Due to the lockout, many industries had to close, resulting in a decrease in demand for UV curable inks materials in 2020.
Regional Insights
Europe garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing demand for 3D printing and increasing environmental awareness among the population.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the existence of many electronics manufacturers. These electronics manufacturers are likely to increase demand for UV curable inks by manufacturing analog and digital semiconductor technologies.
Leading Competitors
The leading prominent companies profiled in the global UV cured inks market are:
Scope of the Report
The global UV cured inks market segmentation focuses on Product Type, End-Use, and Region.
Segmentation based on Product Type
Segmentation based on End-Use
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL UV CURABLE INK MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL UV CURABLE INK MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL UV CURABLE INK MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 FREE RADICAL
5.3 CATIONIC
6 GLOBAL UV CURABLE INK MARKET, BY END-USE
6.1 OVERVIEW
6.2 AUTOMOBILE
6.3 CONSUMER GOODS
6.4 MEDICAL
6.5 PUBLICATIONS AND PRINTING
6.6 OTHERS
7 GLOBAL UV CURABLE INK MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3. 1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL UV CURABLE INK MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 HEWLETT-PACKARD COMPANY
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 LEIBINGER GROUP
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 RUCO DRUCKFARBEN
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 APV ENGINEERED COATINGS
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 EASTERN MARKING MACHINE CORPORATION
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 FLINT GROUP
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 TOYO INK SC HOLDINGS CO., LIMITED
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 GANS INK & SUPPLY CO.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 T&K TOKA CORPORATION
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 NUTEC DIGITAL INK PVT. LIMITED
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
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