UV cured printing inks continue to gain traction in the packaging industry on account of growing emphasis on reducing carbon emissions. According to a new research study titled “UV Cured Printing Inks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” that has been added to the repository of Market Research Reports Search Engine (MRRSE).
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The research study offers in-depth insights and analysis on the key factors that are impacting the market for UV cured printing inks. A holistic and comprehensive assessment on the key drivers, restraints, opportunities, and threats has been included in the report for the perusal of readers. The research study also includes information on the leading companies and their product strategies.
In a bid to offer detailed analysis and insights on the UV cured printing inks market, the research study has analyzed the market on the basis of type, ink type, application, end-user, and region. The detailed level segmentation helps the readers in understanding the nuanced and subtle factors impacting UV cured printing inks market growth.
According to the report, growing awareness on environmental conservation is one of the key factors that has led to an increase in demand for UV cured printing. UV cured printing is finding increasing application in the packaging industry, and it is highly likely that the status quo will remain unchanged, with packaging industry accounting for a leading share of demand.
In addition to highlighting the drivers, the research study also offers analysis and insights on the factors that can impede growth of the market. The availability of alternatives that have lesser volatility and fewer emissions is likely to impede the growth of the UV cured printing inks market during the assessment period.
By type, the report has segmented the market on the basis of LED curing and arc curing. Between these, demand for arc curing continues to remain robust, and it is expected that throughout the forecast period, arc curing will account for over 60% revenue share of the market. By ink type, the key segments in the UV cured printing inks market include cationic and free radical. According to the report, the free radical segment is likely to account for over 80% revenue share of the market. The key application segments discussed in the report include flexographic, digital printing, screen printing, and gravure printing. The offset printing segment accounted for nearly 40% revenue share of the UV cured printing inks market in 2017, and it is likely to remain robust throughout the forecast period.
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North America is one of the largest markets for UV cured printing inks, and it is likely that the US will continue to account for a majority revenue share in the region. In addition to North America, Asia Pacific continues to account for significant revenues in the UV cured printing inks market. Some of the leading players profiled in the UV cured printing inks market report include DIC Corporation, Toyo Ink Co., Ltd., T&K TOKA CO., LTD., Flint Group, INX International Ink Co. (Subsidiary of Sakata INX), FUJIFILM Holdings America Corporation, Siegwerk Druckfarben AG & Co. KGaA, ACTEGA GmbH, SICPA HOLDING SA, Wikoff Color Corporation, Marabu GmbH & Co. KG, Nazdar, Tokyo Printing Ink Mfg Co., Ltd., HuberGroup.
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