UV Curable Resins Market (By Applications: Coatings, Inks, Adhesives, and Other Applications; By End-Use, By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 - 2024
Global UV Curable Resins Market is estimated to reach $9,311 million by 2024; growing at a CAGR of 10.2% from 2016 to 2024. UV curing is a method of radiation curing, which enables instant curing or drying of various materials including coatings, inks, and adhesives, among others in fraction of seconds when ultraviolet light is applied to cause photopolymerization. They are specially used as industrial materials for sealing, coating, and bonding.
UV is also offered for optical molding as it has high energy density, and thus can concentrate on small spot diameters. Moreover, multifunctional resins retained in such formulations can be broadly classified as oligomers and monomers. With improvements in technology, diverse types of UV curable resins are now presented in the market owing to its advantages such as, low temperature treatment, high productivity, saving energy, and reducing wastes.
The growth of global UV curable resins market is driven by factors such as rising adoption in the electronic and industrial coating segment, and increasing demand for green coatings. Besides, high performance of UV curable resins, and environmental alertness and strict rules have also boosted the market growth. However, huge setting-up cost, and requirement of thermally dry delicate substrates may limit the market. Furthermore, rising growth predictions in packaging, 3D printing, digital printing, printed circuits, and barrier films applications is likely to gain significant impetus during the forecast timeframe.
Application, end-use, and geography are the major segments considered in the global UV curable resins market. On the basis of application, the market is bifurcated into coatings, adhesives, inks, and other applications. While by end-use, the market is further categorized into industrial coatings, electronics, graphic arts, and other end-uses.
Based on geography, global UV curable resins market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consists of UK, Germany, Italy, Sweden, Belgium, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, Taiwan and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players profiled in the market include Miwon Specialty Chemical Co., Ltd., Nippon Synthetic Chemical Industry Co., Ltd., Alberdingk Boley GmbH, BASF SE, Allnex Group, Covestro AG, IGM Resins B.V., SolTech Ltd., Eternal Materials Co., Ltd., and Wanhua Chemical Group Co., Ltd., among others.
The key takeaways from the report:
- The report will provide detailed analysis of UV Curable Resins Market with respect to major segments such as application, and end-use
- The report will include the qualitative and quantitative analysis with market estimation over 2015 - 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of UV Curable Resins Market has been included in the report
- Profile of the key players in the UV Curable Resins Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global UV Curable Resins Market:
- Other Applications
- Industrial Coatings
- Graphic Arts
- Other End-Uses
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East