Research and Markets has announced “World UV Curable Inks Market – Opportunities and Forecasts, 2014 – 2020.” The report forecasts that the world UV curable inks market will garner a revenue of $3.5 billion by 2020, registering a CAGR of 15.7% during 2015 – 2020. Fast-growing packaged F&B industries have led to the increasing use of UV inks for label printing. UV LED inks is an emerging technology that is gradually replacing UV inks across different verticals. The Asia-Pacific market is expected to witness an upsurge due to increased adoption in labeling of drugs and consumer goods.

The printing industries have been facing the issues of Volatile Organic Compound (VOC) emissions in recent years. Stringent environmental regulations pertaining to volatile organic compound (VOC) emissions and remarkable curing properties of UV curable inks would increase their adoption in the publication sector. Moreover, sluggish curing properties and low resolution images associated with conventional inks have boosted the demand for instantly curable, high quality and eco-friendly UV inks. In the current scenario, UV curable inks have emerged as an ideal alternative to solvent and water-based ink technologies owing to its suitability over a variety of substrates. UV ink is expected to continue its popularity in the industrial sectors owing to the constant technological advancements. UV LED inks are expected to gradually replace the conventional UV inks owing to the longer shelf life and improved energy efficiency of LED lamps, the report says.