UV Curable Resins Market Size Growth Rate by Application 2021 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027 - Allnex, Basf, DSM-AGI Corporation

The UV Curable Resins Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global UV Curable Resins Market Size is Projected to Reach at a CAGR of 10% during 2021-2027.

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Market Overview

Major factors driving the market study are increased usage of environment-friendly industrial coatings and rising demand for UV curable resins in packaging applications. High initial capital cost along with unfavourable conditions arising due to the COVID-19 outbreak are restraining the market growth.

Increasing applications in 3D printing, digital printing and printed circuits offer various lucrative opportunities for the growth of the market.
Acrylated epoxies is predicted to dominate the segment compared to other resins on account of good adhesion and outstanding corrosion resistance.
Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Top Leading Companies:

Allnex, Basf, DSM-AGI Corporation, Dymax Corporation, Sartomer (Arkema), Eternal Chemical, Qualipoly Chemical, Hitachi Chemical Company, IGM Resins, Miwon Specialty Chemical, Nitto Denko Corporation, DIC Group, Showa Denko, Jiangsu Sanmu Group Corporation

Recent Developments

In October 2018, Allnex acquired Desmolux product range from Bayer MaterialScience for increasing its portfolio of urethane acrylate, polyester/polyether acrylate, and dual-cure resin technologies to complement UV/EB radiation curing products
In June 2019, BASF extended its partnership with Azelis for distributing its resins, additives, dispersions, renewable systems, and radiation-curable systems. 
In October 2019, Allnex launched the new EBECRYL, it is a series of high-performance Bisphenol A (BPA)-free replacement solutions for the packaging and inks market.

UV Curable Resins Market Segmentation by Type:

Radical UV-curable Resin
Cationic UV-curable Resin

UV Curable Resins Market Segmentation by Application:

Coatings
Inks
Adhesives
Others

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Asia-Pacific Region to Dominate the Market

Rapid industrialization in the Asia Pacific is expected to drive market growth in this region. The growth of industries such as paints & coating, construction, electrical & electronics, and automotive in the region will result in the growth of UV curable resins.
An economic slowdown in China has led to the shift of foreign investment in other Southeast Asian countries, resulting in the growth of these industries.
Owing to industrialization, the packaging sector is evolving at a rapid pace. Attributable to its instant drying properties, the usage of UV curable resins in the packaging industry is rising.
Also, the automotive industry consumes UV curable resins in automotive parts for finishes and is anticipated to boost the growth of the market. Asia-Pacific is anticipated to hold more than 30% of the global curable resin market share with the largest consumption coming from developing and emerging countries such as China, Malaysia, India, Thailand, Indonesia, Brazil, Sri Lanka, among others.
The aforementioned factors, along with supportive government regulations is contributing to the increased demand for UV curable resins in the region.

Regional UV Curable Resins Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the UV Curable Resins Market Report:

Detailed overview of UV Curable Resins Market
Changing the UV Curable Resins market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected UV Curable Resins market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of UV Curable Resins Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the UV Curable Resins Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. UV Curable Resins industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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