MRRSE has added a new research report on the "UV Cure Printing Inks Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its collection.
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Uv cure printing inks market upswing in demand for publication and commercial printing to ensure dominance of u.s.
1. UV Cure Printing Inks Market - Upswing in Demand for
Publication and Commercial Printing to Ensure Dominance of
U.S.
Report Description
Thanks to the ongoing expansion of the packaged materials
industry, North America is witnessing a tremendous surge in
2. the demand for UV cure printing inks since past few years.
The recent rise in the printing of packaged materials will
further boost the market for UV cure printing inks in this
region over the forthcoming years. According to researchers,
the opportunity in the North America market for UV cure
printing inks is expected to increase from US$362.9 mn in
2015 to US$865.9 mn by 2024, expanding at a CAGR of
10.30% during the period from 2016 to 2024.
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Offset Printing to Report Strong Demand
3. Gravure printing, flexographic printing, offset printing, screen
printing, and digital printing are the main application areas
of UV cure printing inks. Among these, offset printing
reported a greater demand for these inks in 2015 with a
share of 38% and is likely to remain leading throughout the
forecast period.
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On the other hand, the digital printing segment is expected
to maintain high attractiveness among UV cure printing ink
vendors over the forthcoming years due to the shifting
preference of consumers towards digital printing. Similarly,
4. the flexographic printing segment is projected to register a
healthy rise in the demand for UV cure printing inks due to
their extensive usage in highly lucrative end users, such as
the packaging and the publication and commercial printing
sectors.
Upswing in Demand for Publication and Commercial Printing
to Ensure Dominance of U.S.
The U.S. and Canada are the key domestic markets for UV
cure printing inks in North America. Among the two, the
U.S. has surfaced as the leading contributor to the overall
market in terms of revenue and is expected to remain
dominant throughout the forecast period. With the imminent
5. upswing in the demand for publication and commercial
printing in a number of industries, the U.S. market for UV
cure printing inks ins likely to cross US$678.5 mn by the end
of the forecast period.
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market
Although Canada exhibited healthy growth in the demand for
UV cure printing inks in the recent past, the surging trend of
e-commerce and e-books is projected to limit the demand for
publication and commercial printing in Canada, which
eventually, will decrease the sales of UV cure printing inks in
6. this nation and reflect negatively on the overall growth of
this domestic market over the forecast period. As per
analysts, the market for UV cure printing inks in Canada will
reach a volume of only 41.7 kilo tons by the end of 2024.
North America UV Cure Printing Inks Market: Competitive
Landscape
The North America market for UV cure printing inks
demonstrates a moderately fragmented competitive landscape
with domestic participants holding a large share in the
overall market. FUJIFILM Corp., Flint Group, Nazdar, E. I.
du Pont de Nemours and Co., Toyo Ink America LLC, Sun
Chemical Corp., Wikoff Color Corp., Huber Group, Electronics
7. For Imaging Inc., Siegwerk Druckfarben AG & Co. KGaA,
Marabu North America, and INX International Ink Co. are
some of the leading players operating in this market.
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