Published on : Jan 15, 2020
ResearchMoz.us has announced the addition of a report titled “Global UV Offset Inks Market Insights, Forecast to 2025” to its repository. The report is an in-depth evaluation of key growth dynamics, promising avenues, prominent technology trends and recent advancements, and restraining factors.
The UV offset inks market has evolved on the back of need for high-quality printing with rapid curing time for variety of substrates. These inks have over the past few decades have gathered immense traction in the offset printing technology and have to an extent replaced conventional inks. The application of these inks for plastics and paper is growing where conventional methods are not cost-effective or are not eco-friendly are bolstering the uptake. UV offset inks have been extensively been used in printing on metal cans, tags and labels, and even flexible materials.
The UV offset inks market stood at US$1200 Mn in 2018 and is expected to clock a CAGR of nearly 7% during 2019 – 2025. The worth of the global market is expected to surpass US$2 bn by the end of this period.
Compelling propositions underpinning the demands for UV offset printing inks are their negligible volatile organic compound (VOC) content and rapid post-processing using UV light. Printing presses have been able to expand the array of print varnishing possibilities in UV offset inks. These inks are becoming popular due to them being resistant to temperature, scratches, and sun’s UV rays. Moreover, the prints are sharper and crisp. The increasing shift of end-use industries from solvent-based printing toward UV-cured printing has also contributed to the growth of the market, notably for their use in labels and packaging applications. A part of this drive can be attributed to the increasing trend of environmentally friendly inks for offset printing in various parts of the world.
Emerging economies have seen large strides made by 3D printing industry supported by the rapid pace of urbanization and industrialization. These strides have aided in the evolution of the UV offset inks market. The advent of lenticular printing has opened a new possibility in the UV offset inks market.
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The high initial cost and the volatility of raw materials are deterring the demands for UV offset inks. Nevertheless, the advent of modern UV systems in developed markets has made low-energy UV curing possible. Printing press manufacturers are also keen on making rapid advancements to the technology in offset printing. A case in point is the adoption of better printing plates in the printing presses. However, many of such technologies may not be still suitable for large-scale offset printing, calling for more innovations in the UV offset inks market. Advances in ink formulations are opening new potential in the market. Emerging generations of lithography printing might open new possibilities in the market. Moreover, strict environmental regulations for printing inks will favor the growth.
The UV offset inks market is expected to witness growing intensity of competition. This will be fueled by rapid product developments, new strategic alliances between manufacturers and end users, and partnerships and collaborations in emerging markets. Extensive demands for UV printing inks for food package applications are boosting the market. In the coming years, the cost of offset printers that are compatible with UV offset inks may decline.
Some of the key regions in the UV offset inks market are the Middle East and Africa, North America, Europe, and Asia Pacific.
Names of the some of the prominent players include Megami Ink Mfg., Yip's Ink, Gans Ink & Supply, ATC Graphic Products, Zeller & Gmelin, Megami Ink Mfg., Siegwerk Druckfarben, Huber Group, and Flint Group.