Energy Curable Inks Market
Energy Curable Inks Market Size, Share & Trends Analysis Report by Component (Solution, and Services), by Type (UV Flexo Inks, UV Offset Inks, UV Low Energy/LED Offset Inks (Except UV Offset Inks), UV Screen Printing Inks, and Electron Beam (EB) Inks), and by Application (Printing Industry, Packaging Industry, Automotive Industry, Electronics, Medical Devices, and Others) Forecast Period (2024-2031)
Energy curable inks market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The growing demand for sustainable printing ink, technological advancements in inkjet printing and UV curing systems, and regulatory compliance requirements are the key factors driving the global energy curable ink market. Energy curable inks are considered a sustainable alternative to traditional solvent-based inks owing to the lower emission of volatile organic compounds and energy-efficient curing process. Additionally, their versatility in delivering high-quality prints on various substrates contributes to market diversification. Compliance with regulations such as REACH and FDA further supports the adoption of energy curable inks, creating opportunities for stakeholders to maintain a competitive edge in the printing industry.
Market Dynamics
Increasing demand for sustainable printing solutions
The growing environmental consciousness has led to a rise in demand for sustainable printing solutions, with ink being a preferred choice for both businesses and consumers. The ink manufacturers are taking leverage of this opportunity to maintain their competitiveness in the market by launching sustainable ink solutions. For instance, in March 2024, Fujifilm Group developed a new inkjet ink using its proprietary AQUAFUZE technology, which combines water-based and UV-curable inks. This UV-curable aqueous ink is suitable for indoor signage and wallpaper applications, offering safe, odorless ink, high rub resistance, and compatibility with various print substrates. The technology reduces ink clogging, adheres to various substrates without pre-coat primers, reduces printed image thickness, and reduces ink odor, making it a new standard in the wide format market.
Market Segmentation
- Based on type, the market is segmented into UV flexo inks, UV offset inks, UV low energy/LED offset inks (except UV offset inks), UV screen printing inks, and electron beam (EB) inks.
- Based on application, the market is segmented into the printing industry, packaging industry, automotive industry, electronics, medical devices, and others (consumer goods).
UV Offset Inks is Projected to Emerge as the Largest Segment
The high demand for UV-curable offset inks owing to their efficiency and environmental benefits is making a significant contribution to the high share of this market segment. In December 2020, NUtec launched the Ruby UV ink range, specifically designed for LED UV lamp curing. The premium quality, fast-curing roll-to-roll inks are ideal for flexible applications and offer enhanced scuff and chemical resistance. It additionally offers improved stretchability and low odor.
Printing Industry to Hold a Considerable Market Share
The demand for versatile ink solutions is increasing in the printing industry owing to the diversification of print requirements, and formulation. In January 2022, NUtec Digital Ink introduced its latest UV-curable ink, the Ruby R10-HYB, for Epson DX4, DX5, DX6, DX7, I3200-U1 & XP600 printheads. This hybrid ink is designed for rigid and roll-to-roll applications and is optimized for LED UV lamps. It offers superior compliance on various rigid substrates and is suitable for indoor signage, outdoor advertising, and promotional goods.
Regional Outlook
The global energy curable inks market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Packaging Industry In Asia-Pacific Region
The demand for high-quality and sustainable packaging is increasing the use of energy curable inks across the region. Growth in the packaging sector is primarily driven by the growing food processing industry in India. According to worldfoodindia.gov.in, in September 2024, the Food Processing sector has played a significant role in the remarkable growth of the Indian economy over the past decade. Currently, India ranks as the 5th largest economy in the world, with a size of $3.5 trillion. In the fiscal year 2022-23, processed food accounted for 25.6% of total agricultural exports. This growth can be attributed to the favorable policy and regulatory environment, as well as attractive incentives and schemes, such as 100.0% foreign direct investment (FDI) through both the automatic route and government-approval route for Food Processing Industries and retail trading, including e-commerce.
Global Energy Curable Inks Market Growth by Region 2024-2031
Europe Holds Major Market Share
The growing demand for sustainable printing solutions across Europe, particularly LED inks, is driven by environmental concerns and their eco-friendly profile. To meet the growing demand, in September 2022, Xeikon introduced its PantherCure LED series, a new family of inks for Panther technology. The PantherCure LED inks offer a wider application range, improved image quality, and a broader color gamut. They also improve overall equipment efficiency, with LED curing requiring less energy for the same speed and resulting in better ink-to-substrate adhesion. This sustainable option eliminates waste from mercury bulbs.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the energy curable inks market include Artience Group, DIC Corp., Flint Group, T&K Toka Co., Ltd., and Siegwerk Druckfarben AG & Co. KGaA among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market. For instance, in July 2022, Marabu introduced energy-saving LED-curable screen-printing inks and a new digital varnish for customizable haptic effects. The Ultra Glass LEDGL UV-LED-curable ink system offers additional energy and CO2 emissions savings. The new Mara Shape DUV-HBV high-build varnish allows for multi-layered glass reliefs and ultrafine haptic details.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global energy curable inks market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Artience Group
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DIC Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Flint Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Energy Curable Inks Market by Type
4.1.1. UV Flexo Inks
4.1.2. UV Offset Inks
4.1.3. UV Low Energy/LED Offset Inks (Except UV Offset Inks)
4.1.4. UV Screen Printing Inks
4.1.5. Electron Beam (EB) Inks
4.2. Global Energy Curable Inks Market by Application
4.2.1. Printing industry
4.2.2. Packaging Industry
4.2.3. Publications
4.2.4. Automotive Industry
4.2.5. Electronics
4.2.6. Medical Devices
4.2.7. Others (Consumer Goods)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. ACTEGA GmbH
6.2. ALTANA AG
6.3. Brancher Pty Ltd.
6.4. Encres Dubuit
6.5. Epple Druckfarben AG
6.6. FUJIFILM Speciality Ink Systems Ltd.
6.7. HP Inc.
6.8. Ink Systems, Inc.
6.9. INX International Ink Co.
6.10. Marabu GmbH & Co. KG
6.11. MHM Holding GmbH
6.12. Nazdar
6.13. SICPA HOLDING SA
6.14. Siegwerk Druckfarben AG & Co. KGaA
6.15. Sun Chemical Corp.
6.16. T&K Toka Co., Ltd.
6.17. Tokyo Printing Ink Mfg Co., Ltd.
6.18. Wikoff Color Corp.
6.19. Zeller+Gmelin Group
1. Global Energy Curable Inks Market Research And Analysis By Type, 2023-2031 ($ Million)
2. Global UV Flexo Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global UV Offset Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global UV Low Energy/Led Offset Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Electron Beam Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Energy Curable Inks Market Research And Analysis By Application 2023-2031 ($ Million)
7. Global Energy Curable Inks For Printing Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Energy Curable Inks For Packaging Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Energy Curable Inks For Automotive Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Energy Curable Inks For Electronics Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Energy Curable Inks For Medical Devices Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Energy Curable Inks For Other Applications Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
14. North American Energy Curable Inks Market Research And Analysis By Country, 2023-2031 ($ Million)
15. North American Energy Curable Inks Market Research And Analysis By Type, 2023-2031 ($ Million)
16. North American Energy Curable Inks Market Research And Analysis By Application, 2023-2031 ($ Million)
17. European Energy Curable Inks Market Research And Analysis By Country, 2023-2031 ($ Million)
18. European Energy Curable Inks Market Research And Analysis By Type, 2023-2031 ($ Million)
19. European Energy Curable Inks Market Research And Analysis By Application, 2023-2031 ($ Million)
20. Asia-Pacific Energy Curable Inks Market Research And Analysis By Country, 2023-2031 ($ Million)
21. Asia-Pacific Energy Curable Inks Market Research And Analysis By Type, 2023-2031 ($ Million)
22. Asia-Pacific Energy Curable Inks Market Research And Analysis By Application, 2023-2031 ($ Million)
23. Rest Of The World Energy Curable Inks Market Research And Analysis By Region, 2023-2031 ($ Million)
24. Rest Of The World Energy Curable Inks Market Research And Analysis By Type, 2023-2031 ($ Million)
25. Rest Of The World Energy Curable Inks Market Research And Analysis By Application,2023-2031 ($ Million)
1. Global Energy Curable Inks Market Share By Type, 2023 Vs 2031 (%)
2. Global UV Flexo Energy Curable Inks Market Share By Region, 2023 Vs 2031 (%)
3. Global UV Offset Energy Curable Inks Market Share By Region, 2023 Vs 2031 (%)
4. Global UV Low Energy/Led Offset Energy Curable Inks Market Share By Region, 2023 Vs 2031 (%)
5. Global Electron Beam Energy Curable Inks Market Share By Region, 2023 Vs 2031 (%)
6. Global Energy Curable Inks Market Share By Application, 2023 Vs 2031 (%)
7. Global Energy Curable Inks For Printing Industry Market Share By Region, 2023 Vs 2031 (%)
8. Global Energy Curable Inks For Packaging Industry Market Share By Region, 2023 Vs 2031 (%)
9. Global Energy Curable Inks For Automotive Industry Market Share By Region, 2023 Vs 2031 (%)
10. Global Energy Curable Inks For Automotive Industry Market Share By Region, 2023 Vs 2031 (%)
11. Global Energy Curable Inks For Electronics Market Share By Region, 2023 Vs 2031 (%)
12. Global Energy Curable Inks For Medical Devices Market Share By Region, 2023 Vs 2031 (%)
13. Global Energy Curable Inks For Other Application Market Share By Region, 2023 Vs 2031 (%)
14. Global Energy Curable Inks Market Share By Region, 2023 Vs 2031 (%)
15. US Energy Curable Inks Market Size, 2023-2031 ($ Million)
16. Canada Energy Curable Inks Market Size, 2023-2031 ($ Million)
17. UK Energy Curable Inks Market Size, 2023-2031 ($ Million)
18. France Energy Curable Inks Market Size, 2023-2031 ($ Million)
19. Germany Energy Curable Inks Market Size, 2023-2031 ($ Million)
20. Italy Energy Curable Inks Market Size, 2023-2031 ($ Million)
21. Spain Energy Curable Inks Market Size, 2023-2031 ($ Million)
22. Rest Of Europe Energy Curable Inks Market Size, 2023-2031 ($ Million)
23. India Energy Curable Inks Market Size, 2023-2031 ($ Million)
24. China Energy Curable Inks Market Size, 2023-2031 ($ Million)
25. Japan Energy Curable Inks Market Size, 2023-2031 ($ Million)
26. South Korea Energy Curable Inks Market Size, 2023-2031 ($ Million)
27. Rest Of Asia-Pacific Energy Curable Inks Market Size, 2023-2031 ($ Million)
28. Latin America Energy Curable Inks Market Size, 2023-2031 ($ Million)
29. Middle East And Africa Energy Curable Inks Market Size, 2023-2031 ($ Million)
