Radiation Curable Inks Market Size, Share & Industry Analysis, By Type ( Ultraviolet (UV) Curable, Electron Beam (EB) Curable, Others ), By Application ( Printing & Publication, Automobiles, Packaging, Consumers, Others ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Radiation curable inks are the inks that undergo chemical process in presence of radiations that dries the ink. These inks are easily adaptable to stereo lithography, decorating, coating and printing. These kind of ink are made so that they can replace the heat-setting inks that release volatile emissions that are toxic. The technological advancements in the processing techniques, chemicals used, and curing techniques has driven the market for radiation curable inks.
Increasing demand from end-use sectors like packaging, automotive, general manufacturing, and others attributed to various properties of the inks like low emission levels, taint-free properties, non-odorous nature, and resistance to humidity and oxygen shall drive the demand. Additionally, UV printed paper products can be recycled into lower grade paper if washed. The increasing use of radiation curing inks in flexography, screen printing, metal decoration, liquor boxes and packaging with specialty printing shall foster the market growth.
However, these technically advanced inks are slightly expensive than the conventional inks. They are manufactured using monomers, polymers, oligomers and others, which make them costlier. This is likely to hamper the market growth.
Market Segmentation:
Based on type, the market is segmented into UV curable, EB curable, and others. Based on application, the market is segmented into printing and publication, automobiles, consumer goods, packaging, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from various end-use sectors.
Key Market Restraint -
High cost of the inks.
Key Players Covered:
The global radiation curable inks market consists of global & regional players operating. Some of the key players in the market include Sun Chemical Corporation, Toyo Ink., Flint, Altana, INX International Ink, DIC Corporation, Siegwerk Druckfarben, Hubergroup, FUJIFILM Holdings, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Radiation Curable Inks Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to be the largest market attributed to the increasing awareness sin consumers about the negative effects of conventional inks. North America is estimated to show significant growth attributed to the increasing demand from end-use sectors. Europe is expected to show considerable growth due to the stringent rules imposed on usage of chemical inks on food packaging containers and boxes. Latin America and Middle East & Africa is expected to show considerable growth by the end of the forecast period.
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Segmentation
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Radiation Curable Inks Industry Developments
- In April 2019, Huber Group launched a patented solution for measuring the degree of the UV inks which includes determining the curing of ink.
- In November 2017, Sun Chemical Launched new UV/EB inks Suncure and Sunbeam for primary and secondary food packaging applications.
- Ongoing
- 2023
- 2019-2022
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