Market Overview:
The ink type termed as UV fluorescent ink produces visible light when exposed to ultraviolet (UV) light. These inks have fluorescent pigments that allow them to produce light in the visible range while also absorbing UV light, which makes them suitable for a number of tasks. In security printing, UV fluorescent inks are frequently used to print money, passports, and other essential papers that need to be safeguarded against forgery. These documents are challenging to forge because of the fluorescent ink's qualities, which can only be detected with specialized tools.
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Players Covered in UV Fluorescent Inks Market are:
HP Development Company, L.P. (US), swissQprint AG (Switzerland), NUtec Digital Ink (Pty) Ltd (South Africa), Domino Printing Sciences plc (US), Maxell Ltd (Japan), Petrel Ltd (UK), EPTANOVA S.R.L. (US), HSA Systems ApS (Denmark), Dayglo Color Corp (US), Epple Druckfarben AG (Germany), TK TOKA Corporation (Japan), Angstrom Technologies Inc (US), Marabu GmbH Co. KG (Germany) and other major players.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help
Market Dynamics:
Driver:
One of the main factors influencing the expansion of UV fluorescent inks is the rising need for security printing. Specialized inks called UV fluorescent inks are utilized in printing processes if security is a concern. Under ordinary lighting, these inks are invisible, but when subjected to ultraviolet (UV) light, they become visible. They are therefore the perfect option for printing security papers including certificates, passports, and currencies. Since it is challenging to mimic the luminous features of these inks, the use of UV fluorescent inks aids in the prevention of counterfeiting and forging of vital documents. As a result, demand for UV fluorescent inks has increased across a number of industries, including banking, government, and healthcare.
Opportunities:
One of the important uses for UV fluorescent inks is brand protection. Special inks known as UV fluorescent inks are visible under ultraviolet light but are invisible under regular light. UV fluorescent inks are a great option for brand protection applications because of their special quality. These inks can be used to print secret codes, symbols, or text that can only be read under UV light on goods, packaging, or labels.
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Market Segmentation
Segmentation Analysis of UV Fluorescent Inks Market:
Based on Ink Type, the UV Fluorescent Inks market is segmented into oil-based, neon-based, water-based, solvent-based, and UV-cured.
The UV cured segment is expected to have the highest share in the UV fluorescent ink market owing to rapid drying quality as it eliminates the time required for waiting.
Based on Type, the UV fluorescent inks market is segmented into UV invisible fluorescent ink and UV visible fluorescent ink.
Based on Range, the UV fluorescent ink market is segmented into four types in which Uvoglow F (UWF) is estimated to lead the market during the period of forecast.
By Type
- Oil-Based
- Solvent-Based
- Water-Based
- UV-Cured
- Neon-Based
- Others
By Product Type
- Invisible Fluorescent UV Ink
- Visible Fluorescent UV Ink
By Application
- Securities
- Certificates
- Passports
- Cosmetics
- Others
Regional Analysis of UV Fluorescent Inks Market:
Depending upon geography the UV Fluorescent Inks market is divided into five regions that are North America, South America, Middle East, and Africa, Asia-Pacific, and Europe.
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key industry development in UV Fluorescent Inks Market
In August 2021, NUtec Digital Ink introduced a substitute ink range for MAX2 and Roland Eco-Sol MAX consumers in the form of its Diamond eco-solvent product range. These new varieties are going to provide top-quality abrasion and chemical resistance while providing superior media compatibility across a wide range of flexible substrates and self-adhesives.
In June 2021, Domino Digital Printing Solutions, a leading company in digital printing solutions, and their collaboration with Paragon Inks, a global ink specialist has developed a new range of varnishes especially for overprinting on Domino's inkjet inks. With the use of these varnishes' users will be able to protect their labels from sunlight, wear, or abrasion as well as it will help in extending the life of labels.
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