Ultraviolet (UV) Curable Resins Market Is Predicted To Boost Industry Growth By USD 5.13 Billion By 2024 : Grand View Research Inc.

12/apr/2019 11:50:03 Grand View Research Contatta l'autore

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San Francisco, 12 April 2019:  The UV (Ultraviolet) Curable Inks Market Analysis By Product (Free Radical, Cationic), By Application (Automotive, Medical, Publications, Packaging) And Segment Forecasts To 2024  

The global Ultraviolet (UV) Curable Resins Market is expected to reach USD 5.13 billion by 2024, according to a new report by Grand View Research, Inc. Ultraviolet curable inks are increasingly substituting various solvent-based inks in automotive, packaging and publishing applications owing to low environmental impact and high performance efficiency.

Technological innovations related to the use of UV LED systems to enable curing of inks are expected to enhance quality, which is expected to propel demand over the forecast period. In addition, efficient air-cooling techniques have led to a reduction in the amount of technological resources.

Growing demand for printing inks is expected to be the key driver for UV curable ink market over the forecast period. Furthermore, faster drying times coupled with high saturation properties of the product However, the high cost of the product compared to its counterparts is likely to restrain its growth over the next eight years.

Access Research Report of  Ultraviolet (UV) Curable Resins  Market  @  www.grandviewresearch.com/industry-analysis/uv-curable-inks-market

Further key findings from the report suggest:

  • Free radical UV curable inks account for over 90% of the revenue share in 2015. High flexibility coupled with increased depth of care and low cost are expected to drive over the next eight years. However, the growth is limited by the emergence of cationic technology providing improved adhesion properties and compared to free radical inks.
  • Publication application of ultraviolet curable inks accounted for the largest revenue share in 2015, and this trend is expected to continue over time for environment-friendly ink in this sector. However, growing electronic content replacing publication is likely to limit growth over the forecast period.
  • Packaging industry application for the fastest growth, at a CAGR of over 12% from 2016 to 2024. Growing demand for low migration UV cured inks in food & beverage as well as other consumer goods packaging is likely to grow over the projected period. Still, stringent regulations restricting the use of UV curable inks in packaging application
  • Asia Pacific account for the largest revenue share, of over 50% in 2015. The region is also expected to the highest growth, owing to rising demand for publication and packaging. Furthermore, rising demand for medical device manufacturing technology is expected to grow over the forecast period.
  • Key players in the industry include Hewlett & Packard Company, RUCO Druckfarben, Toyo Ink SC Holdings Co., Ltd., T&K Toka Corporation, NUtec Ink, Marabu Co., Mimaki Global, Superior Printing Inks, Armstrong World Industries Inc., Heraeus Noblelight , Bordeaux Digital Printink, Roland DGA, Changzhou Dobest International Trading Co. Ltd.

Browse more reports of this category by Grand View Research at:  www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the UV curable inks market on the basis of product, application and region:

UV Curable Inks Market Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • Free Radical
  • Cationic

UV Curable Inks Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • Automotive
  • Medical
  • Publications
  • Packaging
  • Others

UV Curable Inks Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

  • North America
  • europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of  Ultraviolet (UV) Curable Resins  Market  @  www.grandviewresearch.com/press-release/global-uv-ultraviolet-curable-inks-market

About Grand View Research

Grand View Research, Inc. is a US based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies relevant and fact-based research across a range of industries, from chemicals to chemicals, materials and healthcare.

For More Information:  www.grandviewresearch.com

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