Industry Insights
The market is likely to witness significant growth owing to its bio-compatible properties. Waste reduction, low pollutant emission and low energy usage required for the product manufacturing is expected to have a positive impact on the market growth. Furthermore, increased printing throughput and higher productivity offered by ultraviolet curable inks are anticipated to drive demand over the next eight years.
Growing demand for UV inks in 3D printing for automotive, consumer goods and medical applications are expected to drive the market over the forecast period. Furthermore, high performance characteristics, ease of applicability and low environmental impact as compared to other solvent-based inks are also anticipated to propel market growth.
Stringent regulatory framework by agencies such as the European Printing Ink Association and the Underwriter’s Laboratories are also likely to have a positive impact on industry growth. Various standards and certifications have also been implemented with regards to these inks, to provide consumer protection and reduce potential hazards.
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Product Insights
Cationic polymerization is expected to witness significant growth in the market owing to low emission levels, non-odorous nature, and taint-free properties. Furthermore, humidity & oxygen resistance offered by this polymerization process which makes them ideal for flexible packaging applications is expected to drive demand over the forecast period.
Application Insights
The automotive application is likely to grow at a CAGR of over 10% from 2016 to 2024. Growing medical sector in developed & emerging economies, owing to the increasing geriatric population and rising consumer health awareness are also anticipated to boost product demand in this application.
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Regional Insights
North America is anticipated to be a key region for UV curable inks market, owing to the presence of several electronic device manufacturers such as Micron, Intel, Texas Instruments and Avago. These companies are actively engaged in the development of innovative digital and analog semiconductor technologies, which is likely to increase demand for UV curable inks over the forecast period.
Report Scope
Attribute & Details
Base year for estimation
2015
Actual estimates/Historical data
2013 - 2015
Forecast period
2016 - 2024
Market representation
Volume in Tons, Revenue in USD Million & CAGR from 2016 to 2024
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country Scope
U.S., Germany, UK, China, Japan, India, Brazil
Report coverage
Revenue forecast, competitive landscape, growth factors and trends
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