The increasing demand for varnishes from end-use industries is expected to bolster the healthy growth of the market, states Fortune business Insights, in a report, The growing utilization of UV curable overprint varnishes due to its superior properties can bolster the market’s healthy growth.

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The overprint varnishes market features:

  • An in-depth analysis of the market
  • Valuable facts and figures
  • Profound data about leading regions
  • Latest market development
  • Key policies implemented by companies
  • COVID-19 impact

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Market Driver:

Acquisition of Luminescence Holdings Ltd by DIC corporation to Propel Market

The increasing acquisition and partnerships among major companies can have a tremendous impact on the market in the forthcoming years. For instance, in February 2018, DIC corporation, a Japanese chemical company, announced that it has acquired Luminescence Holdings Ltd, a manufacturer of stamps, currency, passport, ID cards, secured documents, and brand protection inks. This acquisition is expected to expand the global reach of DIC corporation and also extend its product offerings. Furthermore, the increasing demand for varnishes due to their superior properties such as stain resistance and moisture barrier can strengthen the market’s growth. Moreover, the growing demand for UV curable overprint varnishes for various applications can create lucrative opportunities for the market in the foreseeable future. Besides, overprint varnishes are the varnishes that are applied to the printed pieces as a protective coating. It can either be used as part of the finishing process or be used to enhance the printed object’s aesthetics. However, the high installation cost of the heavy tools used in excavation is expected to hamper the market’s growth.

 

Regional Analysis:

Rapid Industrialization to Influence Growth in Asia Pacific

Asia Pacific is expected to hold the largest share due to the rising rapid industrialization and urbanization in countries like India, China, and South Korea. North America is expected to hold the second position in the market due to the presence of major manufacturers in the region. Europe is expected to experience significant growth during the forecast period owing to the increasing demand from the automotive and general industries. The market in Latin America, the Middle East, and Africa are expected to rise considerably during the forecast period due to the regions’ thriving industries.

Key Development:

November 2018: Altana invested in Velox, an Israeli company, dealing in digital printing, announced its plan to expand its technology and investment portfolio.

The Report Lists the Key Companies in the Global Overprint Varnishes Market:

  • Van Son Ink Corporation
  • Michelman
  • BASF
  • Huber Group
  • Anwin Technology Co. Ltd.
  • Imperial Ink Private Limited
  • American Offset Printing Ink
  • Altana
  • Toyo Ink

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