|09-27-2018 02:01 PM CET - Industry, Real Estate & Construction||
UV Curable Resins and Formulated Product Market comprehensive study 2018: Arkema, Allnex, Toagosei America, Inc, BASF, DSM, Covestro, Hitachi Chemical Advanced Therapeutics Solutions, LLC, IGM Resins, Miwon North America, Lambson Ltd., Alberdingk Boley Gm
Press release from: Data Bridge Market Research
PR Agency: Data Bridge Market Research
Arkema, Allnex, Toagosei America, Inc, BASF, DSM, Covestro, Hitachi Chemical Advanced Therapeutics Solutions, LLC, IGM Resins, Miwon North America, Lambson Ltd., Alberdingk Boley GmbH key players of the UV Curable Resins and Formulated Product market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the market and chemical Industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The readers will find this report very helpful in understanding the market in depth. This UV Curable Resins and Formulated Product market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Global UV Curable Resins and Formulated Product Market is expected to reach USD 6.95 billion by 2025, from USD 3.72 billion in 2017 growing at a CAGR of 9.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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UV curable resins involve less harmful emissions, fast cure, less energy consumption, less equipment space, low temperature treatment, and waste reduction. A UV curable resin does not contain any organic solvents that harm the environment. These resins include monomers, oligomers, co-initiators, photo-polymerization and various additives such as antioxidants, stabilizers, pigments, and plasticizers. UV curable resins are used in a wide range of applications in the ink & coating and adhesive industries. UV curable resins are the most preferred option for applications with fast curing and fast drying requirements. According to American Coating Association, U.S. exported USD 2.3 billion of paint and coatings products in 2014, the highest level in a decade. Furthermore, the third largest export market for U.S. paint and coatings products was China valued at USD 90 million in 2014. Japan and U. K. rounded to the top five leading export markets for U.S. paint and coatings products in 2014, at USD 41 million and USD 39 million, respectively. This factor proves that the market of paints and coating around the globe is growing and will drive the demand for UV curable resins.
Global UV Curable Resins & Formulated Product Market, By Composition (Oligomers, Monomers, Photoinitiators, Additives), By Chemistry (Non Acrylates & Oligoamines, Acrylate Oligomers), By Application (Coatings, Overprint Varnishes, Printing Inks, Adhesives, 3D Printing, Others), By Technology, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Major Market Competitors/Players:
• Arkema SA,
• Allnex Group,
• Toagosei Co. Ltd.,
• BASF SE,
• Royal DSM,
• Covestro AG,
• Nippon Gohsei,
• Hitachi Chemical Company Ltd.,
• IGM Resins B.V.,
• Miwon Specialty Chemical Co. Ltd.,
• Lambson Limited,
• Alberdingk Boley GmbH,
• Jiangsu Sanmu Group Corporation,
• Wanhua Chemical Group Co., Ltd.,
• Eternal Chemical Co. Ltd, Soltech Ltd.,
• Dymax Corporation,
• Rahn AG,
• Perstorp Holding AB,
• Qualipoly Chemical Corporation,
• DIC Corporation,
• among others.
The global UV curable resins & formulated product market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of UV curable resins & formulated product market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers & Restraint:
• Environmental awareness and stringent regulations
• High performance of UV curable resins
• Need to thermally dry sensitive substrates
• High deployment cost
• High growth prospects in 3D printing, digital printing, packaging, barrier films and printed circuit board
Market Segmentation: Global UV Curable Resins & Formulated Product Market
The global UV curable resins & formulated product market is segmented based
• on composition,
• technology and
• geographical segments.
Based on composition, the global UV curable resins & formulated product market is segmented into
On the basis of chemistry, the global UV curable resins & formulated product market is classified into
• non acrylates & oligoamines
• acrylate oligomers.
On the basis of application, the global UV curable resins & formulated product market is classified into
• overprint varnishes,
• printing inks,
• 3D printing and
On the basis of technology, the global UV curable resins & formulated product market is classified into
• 100% solids,
Based on geography, the global UV curable resins & formulated product market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Asia-Pacific ,
• Middle East & Africa.
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