Market Overview:
The global UV Fluorescing ink market size was valued at USD XX million in 2017 and is expected to witness a CAGR of XX% during the forecast period. UV Fluorescing ink consists of material that glows when exposed to a specified wavelength light beam such as ultraviolet ray as well as phosphorescent material which begins to glow immediately after extinguishing the illuminating light source.
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Rising demand in several printing applications, due to its superior characteristics which includes high bonding qualities, reduction in drying time and low volatile organic compound (VOC) content is anticipated to accelerate the market growth. Technological developments in the field have resulted in low fading risk, bubble formations and de-lamination, leading to escalated market demand.
Market Players:
The global UV Fluorescing ink market is fragmented with the presence of regional and global players which include E.I.du Pont de Nemours and Company, Xerox Corporation, Videojet Technologies, Inc., HP Inc., Mondi PLC, Eastman Kodak Co., Quad/Graphics, Xeikon N.V, WS Packaging Group, Quantum Print and Packaging, Traco Manufacturing, and Linx Printing Technologies Ltd. among others.
Structured Cabling Market Key Segments:
On the basis of material:
Paper
Cardboard
Plastic
Metal
On the basis of technology:
Screen printing
Pad printing
Rotogravure
Off-set
On the basis of application:
Banknotes
Documents
Revenue Stamp
Fidelity Cards
Bar Codes
Brand Protection
Others
On the basis of end-user:
Food & beverage industry
Consumers goods
Cosmetics & personal care
Industrial Goods
Automotive industry
Chemical
Pharmaceuticals
Packaging
Electrical & electronics
Others
On the Basis of Region:
North America
US
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa (MEA)
South Africa
Saudi Arabia
Rest of MEA
Market Dynamics:
The global UV Fluorescing ink market is majorly driven by factors such as high growth of population, escalating demand for branding of processed food, and government initiatives have led to increased demand for customized UV Fluorescing Ink from both the developing and developed economies leading to enormous growth opportunities for the market. Moreover, the rigorous usage of UV fluorescing ink in the packaging sectors for printing barcodes and several labels have also raised the consumption demand for UV fluorescing ink. However, high initial costs and fluctuating prices of raw material prices are anticipated to hinder the market growth during the forecast period.
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