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Global UV Curable Ink Market to reach USD 11.33 billion by the end of 2030

Global UV Curable Ink Market Size study & Forecast, by Type (Offset Ink, Flexo Ink, Screen Printing, Digital Printing, Inkjet, Others), by End Use (Automobile, Consumer goods, Medical, Publications and printing, Others) and Regional Analysis, 2023-2030

Product Code: CMCC-46403791
Publish Date: 20-07-2023
Page: 200

Global UV Curable Ink Market is valued at approximately USD 4.99 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2023-2030. UV curing ink is a type of ink that is specially formulated to remain in a liquid state until it is exposed to intense ultraviolet light for the purpose of curing. When the UV light comes into contact with the ink, it undergoes a rapid reaction in which it cross-links with the ink’s constituents, resulting in the formation of a durable polymer. Unlike traditional inks, UV curable ink does not rely on absorption into substrates for drying, as it does not contain solvents. The market for UV curable ink is expected to experience significant growth due to its bio-compatible properties such as low pollutant emissions, low energy consumption in product manufacturing, and waste reduction. Additionally, the increased productivity and higher printing throughput provided by UV curable inks are anticipated to drive the growth of the UV curable inks market throughout the forecast period.

The market study is primarily driven by the increasing demand from the digital printing industry and the growing demand from the packaging and labels sector. The global packaging industry has experienced substantial growth, as indicated by a report published by PMMI (the Association for Packaging and Processing Technologies). The report highlights that the industry’s value has increased from USD 36.8 billion in 2016 to USD 42.2 billion by 2021. The market for UV curable ink is being driven by technological advancements that have reduced the risks of fading, bubble formations, and de-lamination. These advancements contribute to the growth of the market by enhancing the reliability and durability of UV curable ink. Additionally, UV curable ink possesses a low viscosity, which minimizes wastage by reducing penetration into the printing materials. Furthermore, the low viscosity of UV curable ink allows for its application on rigid surfaces, expanding its potential applications and driving the demand for UV curing ink. Despite the positive growth prospects, the UV curable ink market may face challenges due to the volatility in raw material prices and the availability of substitute products. These factors have the potential to impede the growth of the UV curable ink market in the forecast period 2023-2030.

The key regions considered for the Global UV Curable Ink Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the rising demand for environmentally friendly inks across various end-use industries in the region as well as the region continues to drive innovation, meet regulatory requirements, and deliver high-quality solutions that cater to diverse printing needs. Asia Pacific is expected to grow significantly during the forecast period, owing to the rise in popularity of 3D printing. The region is witnessing significant industrial growth, particularly in sectors such as packaging, automotive, electronics, and advertising. These industries heavily rely on UV curable inks for their printing and coating applications. The expanding manufacturing base in APAC has created a strong demand for UV curable inks, driving market growth in the region.

Major market player included in this report are:
Maxell, Ltd,
RUCO Druckfarben
Kao Collins Corporation
Teikoku Printing Inks Mfg. Co., Ltd
flint group
Nutec Digital Ink Pvt. Ltd.
Toyo Ink SC Holdings Co., Ltd
Spinks World
Marabu GmbH & Co. KG
Gans Ink & Supply Co., Inc.

Recent Developments in the Market:
Ø In September 2022, Fujifilm Dimatix, a subsidiary of Fujifilm Corporation known for its industrial inkjet printheads, introduced the Fujifilm Samba JPC UV inkjet modules. These modules are specifically designed for integrators and original equipment manufacturer (OEM) suppliers. The launch of the Fujifilm Samba JPC UV inkjet modules aims to streamline the product development cycle of 1,200 DPI single-pass inkjet printers by providing ready-to-integrate modules. These modules offer support for system design, ensuring high image quality, reliability, and uptime. By utilizing these modules, system designers and integrators can expedite the development process of their inkjet printers.

Global UV Curable Ink Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Offset Ink
Flexo Ink
Screen Printing
Digital Printing

By End Use:
Consumer goods
Publications and printing

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. UV Curable Ink Market, by Region, 2020-2030 (USD Billion)
1.2.2. UV Curable Ink Market, by Type, 2020-2030 (USD Billion)
1.2.3. UV Curable Ink Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global UV Curable Ink Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global UV Curable Ink Market Dynamics
3.1. UV Curable Ink Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Exceptional bio-compatible properties Increased productivity and higher printing throughput provided by UV curable inks
3.1.2. Market Challenges High volatility in raw material prices Availability of substitute products
3.1.3. Market Opportunities Advancements in Technology UV curable ink possesses a low viscosity, which minimizes wastage
Chapter 4. Global UV Curable Ink Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global UV Curable Ink Market, by Type
5.1. Market Snapshot
5.2. Global UV Curable Ink Market by Type, Performance – Potential Analysis
5.3. Global UV Curable Ink Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. UV Curable Ink Market, Sub Segment Analysis
5.4.1. Offset Ink
5.4.2. Flexo Ink
5.4.3. Screen Printing
5.4.4. Digital Printing
5.4.5. Inkjet
5.4.6. Others
Chapter 6. Global UV Curable Ink Market, by End Use
6.1. Market Snapshot
6.2. Global UV Curable Ink Market by End Use, Performance – Potential Analysis
6.3. Global UV Curable Ink Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
6.4. UV Curable Ink Market, Sub Segment Analysis
6.4.1. Automobile
6.4.2. Consumer goods
6.4.3. Medical
6.4.4. Publications and printing
6.4.5. Others
Chapter 7. Global UV Curable Ink Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. UV Curable Ink Market, Regional Market Snapshot
7.4. North America UV Curable Ink Market
7.4.1. U.S. UV Curable Ink Market Type breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
7.4.2. Canada UV Curable Ink Market
7.5. Europe UV Curable Ink Market Snapshot
7.5.1. U.K. UV Curable Ink Market
7.5.2. Germany UV Curable Ink Market
7.5.3. France UV Curable Ink Market
7.5.4. Spain UV Curable Ink Market
7.5.5. Italy UV Curable Ink Market
7.5.6. Rest of Europe UV Curable Ink Market
7.6. Asia-Pacific UV Curable Ink Market Snapshot
7.6.1. China UV Curable Ink Market
7.6.2. India UV Curable Ink Market
7.6.3. Japan UV Curable Ink Market
7.6.4. Australia UV Curable Ink Market
7.6.5. South Korea UV Curable Ink Market
7.6.6. Rest of Asia Pacific UV Curable Ink Market
7.7. Latin America UV Curable Ink Market Snapshot
7.7.1. Brazil UV Curable Ink Market
7.7.2. Mexico UV Curable Ink Market
7.8. Middle East & Africa UV Curable Ink Market
7.8.1. Saudi Arabia UV Curable Ink Market
7.8.2. South Africa UV Curable Ink Market
7.8.3. Rest of Middle East & Africa UV Curable Ink Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Maxell, Ltd, Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. RUCO Druckfarben
8.3.3. Kao Collins Corporation
8.3.4. Teikoku Printing Inks Mfg. Co., Ltd
8.3.5. Flint group
8.3.6. Nutec Digital Ink Pvt. Ltd.
8.3.7. Toyo Ink SC Holdings Co., Ltd
8.3.8. Spinks World
8.3.9. Marabu GmbH & Co. KG
8.3.10. Gans Ink & Supply Co., Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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