Raw material and equipment suppliers look back on the last decade and discuss where UV, UV LED and EB curing are heading.
David Savastano, Editor01.21.20
The energy curable market continues to expand, with graphic arts as one of its key segments. In its report, “UV Cured Printing Inks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2026,” Transparency Market Research estimated sales of UV inks at approximately $1.6 billion in 2017.
Their analysts believe the UV ink segment will grow at a CAGR of more than 9% annually to 2026 to $3.5 billion, driven by fewer volatile organic compounds (VOC) emissions in UV cured printing and continued expansion in the packaging industry.
One key to the formulation of UV inks is UV curable resins, such as oligomers, monomers and photoinitiators. Prescient & Strategic (P&S) Intelligence Private Limited reported in its 2018 study, “UV Curable Resins Market 2013–2023” that the global UV curable resins market was valued at nearly $3.5 billion in 2017, reaching $5.4 billion by 2023. Its analysts noted that the 7.7% CAGR was led by t
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