Market Summary:

The global UV Curable Inks Market reached a value of USD 3.56 billion in 2022 and is projected to achieve USD 7.85 billion by 2032, demonstrating a substantial revenue Compound Annual Growth Rate (CAGR) of 8.6% over the forecast period. This market's growth is being driven by various factors, including the increasing demand for UV curable inks in a wide range of applications such as digital printing, packaging, and labels, where high-quality and durable printing is essential, for example, in banners and outdoor advertising.

A significant driver of revenue growth in the market is the surging demand for environmentally friendly printing options. In comparison to traditional solvent-based inks, UV-curable inks emit fewer Volatile Organic Compounds (VOCs) and are considered more environmentally friendly. This shift towards eco-friendly packaging solutions is leading to the increased use of UV-curable inks across various industries, particularly in the packaging sector.

Furthermore, the market's revenue growth is expected to be fueled by the rising demand for UV curable inks in the digital printing industry. The expansion of digitization, especially in packaging and label printing, has led to increased demand for UV-curable inks. These inks offer numerous advantages, including rapid printing, sharp image quality, and strong adhesion to various substrates.

Another contributing factor to the market's revenue growth is the growing demand for UV-curable inks in the automotive sector. Thanks to their strong adhesive properties and durability, UV-curable inks are frequently utilized for printing on automotive parts and components. With the global increase in automobile demand, the utilization of UV-curable inks in this industry is expected to rise.

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Strategic Developments:

  • In 2021, Fujifilm Holdings Corporation announced the launch of the Acuity LED 40 series of UV curable inkjet printers. The new series of printers provides high-quality print outputs for a wide range of applications, including signage, display graphics, and interior decor.
  • In 2020, DIC Corporation announced the acquisition of BASF's global pigments business. The acquisition was valued at around €1.15 Billion and aimed to expand DIC Corporation's product offerings in the UV curable inks market.
  • In 2020, Toyo Ink SC Holdings Co., Ltd. announced the development of a new series of high-performance UV curable inkjet inks. The new inks provide superior adhesion to a wide range of substrates and offer high gloss and scratch resistance.
  • In 2019, Flint Group announced the launch of a new range of UV curable inks for the food packaging industry. The new inks meet stringent regulatory requirements and offer high adhesion and resistance properties.
  • In 2019, INX International Ink Co. announced the acquisition of RUCO Druckfarben, a leading UV ink manufacturer based in Germany. The acquisition was aimed at expanding INX International Ink Co.'s product offerings in the UV curable inks market.

UV Curable Inks Market Report Scope

PARAMETERS

DETAILS

The market size value in 2022

USD 3.56 Billion

CAGR (2022 - 2032)

8.6%

The Revenue forecast in 2032

USD 7.85 Billion 

Base year for estimation

2022

Historical data

2020-2021

Forecast period

2022-2032

Quantitative units

  • Revenue in USD Billion
  • CAGR from 2022 to 2032

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

By Product Type Outlook, Application Outlook, Regional Outlook

By Product Type Outlook

 

  • Offset
  • Flexographic
  • Digital

By Application Outlook

 

  • Packaging
  • Labeling
  • Commercial Printing
  • Others

Regional scope

North America; Europe; Asia Pacific; Latin America ; Middle East & Africa

Leading Key Players in the Market:

The global Ultraviolet (UV) curable inks market is highly competitive, with a number of major and medium-sized players accounting for a majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some major companies included in the global Ultraviolet (UV) curable inks market report are:

  • DIC Corporation
  • Toyo Ink SC Holdings Co., Ltd.
  • Flint Group
  • Fujifilm Holdings Corporation
  • Hewlett-Packard Development Company, L.P.
  • Agfa-Gevaert N.V.
  • Canon Inc.
  • INX International Ink Co.
  • Sun Chemical Corporation
  • Altana AG

 

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