UV Curable Resin Market: Business Strategy Analysis for Expected Significant Growth Rate Forecast to 2026

Allied Market Research recently released a report on the UV Curable Resin Market, predicting substantial growth from $4.74 billion in 2018 to an estimated $9.76 billion by 2026. The industry is expected to witness a Compound Annual Growth Rate (CAGR) of 9.4% from 2019 to 2026. The surge in demand for eco-friendly paint and coatings, especially in architectural applications, is a major driving force for this growth. However, challenges like raw material price fluctuations and limited light penetration depth may hinder the market's progress. On a positive note, stringent regulations promoting green initiatives present new opportunities.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/5608

The report identifies acrylated epoxies as the leading resin type, contributing over one-third of the market share in 2018. Their dominance is anticipated to continue due to high cure rates and exceptional adhesion performance. Meanwhile, acrylated urethanes are expected to grow the fastest, boasting versatile performance characteristics.

In terms of applications, the coating segment led the market in 2018, holding nearly one-third of the total share. The demand for zero Volatile Organic Compounds (VOC) in coatings and increased usage in various applications contribute to its continued dominance. The printing segment, however, is projected to register the highest CAGR of 11.0%, fueled by the adoption of novel printing technologies like inkjet.

Geographically, Asia-Pacific claimed more than one-third of the global market share in 2018, with a projection to maintain dominance and a staggering CAGR of 10.6% from 2019 to 2026. North America follows closely behind, contributing to less than one-third of the share. The rise of the paint and coating industry, coupled with increased usage in the automotive sector, fuels the growth in the Asia-Pacific region.

Key players in the market include Hitachi Chemical, DSM-AGI, BASF SE, Allnex Belgium S.A., Jiangsu Litian Technology, IGM, Sartomer, Dymax, Miwon Specialty Chemical, Eternal Materials, and Jiangsu Sanmu Group.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/uv-curable-resin-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.