Press release
UV Curable Resins Market Overview, Company Type, Size, Share, Trends, Growth, Applications, Regional Analysis by 2023
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Based on formulation, the UV curable resins market is categorized into oligomers, monomers, photoinitiators, and others (additives and pigments. Of these, oligomers is expected to be the fastest growing category in the market, advancing at respective volume and value CAGRs of 7.2% and 8.1% during the forecast period.
On the basis of application, the UV curable resins market is categorized into coatings, inks, adhesives, and others (masking materials, filling materials, soldering materials, and staping motor protective layers). Coatings was the largest application area in the market, accounting for more than 45 .0% revenue in 2017.
Growing demand of UV curable inks for packaging applications is a major driver identified in the UV curable resins market. The UV curable inks are safe and have zero emission, which is propelling their use in the packaging industry. The UV cured products are also Food and Drug Administration (FDA) approved, hence it is being increasingly adopted.
During the forecast period, the fastest growth in volume sales of these resins is expected in Asia-Pacific (APAC), with a CAGR of 7.9%. Countries such as China, India, and Indonesia are some of the leading APAC nations which have a fast-growing construction industry.
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Some of the major players operating in the global UV curable resins market are BASF SE, Toagosei Co. Ltd., Koninklijke DSM N.V, he Nippon Synthetic Chemical Industry Co. Ltd., Covestro AG, Wanhua Chemical Group Co. Ltd., Miwon Specialty Chemical Co. Ltd., Hitachi Ltd., Arkema Group, and DIC Corporation.
GLOBAL UV CURABLE RESINS MARKET SEGMENTATION
By Formulation
Oligomers
Monomers
Photoinitiators
Others
By Application
Coatings
Inks
Adhesives
Others
By End User
Industrial Coatings
Graphic Arts
Electronics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Sweden
U.K.
Italy
Belgium
Rest of Europe
APAC
China
Japan
South Korea
India
Rest of APAC
Rest of the World (RoW)
Brazil
Saudi Arabia
South Africa
Others
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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