Global UV Offset Inks market will reach 1881.68 million US$ by the end of 2023

Publisher: QYResearch

Published Date: 2019/5/5

UV Offset Inks industry belongs to a part of the chemical field. The product has many types, every company has their own types, mostly, and the product types depend on the clients’ demands, so the type of product is set by the customer's demand.

The major market are in Europe, USA and Japan. The consumption volume was increased rapidly from 2013 to 2017, at the end of 2017, the consumption of UV Offset Inks reached 52 K MT.

The price of UV Offset Inks is also increased in the past two years because of the increasing price of the raw materials, especially in 2017.

There are many manufactures of the UV Offset Inks in the world, the largest company has 14% market share, Other manufacturers do not have an absolute market share. the manufactures are dispersive in the world. The start-up company has more opportunity and challenge.

It expects that more and more manufactures will enter into the UV Offset Inks field, the global UV offset ink market has witnessed significant growth over the past few years. The market is driven by the growing demand for printing inks. Moreover, increasing adoption of printing inks for use in metal cans, tags & labels, and flexible materials drives the market growth. However, high cost of printing equipment is expected to hamper the market growth. Moreover, growing awareness about the availability of e-books and stringent environment regulations for manufacturing inks are expected to hamper the market growth. The recent boom in the printing industry across emerging economies is expected to boost the growth of the UV offset ink market.

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