Global UV Curable Resins Market Witnessed to Gain Prominent Growth at a CAGR of 8.80% during Forecast 2017-2021

Along with advances in technology, various types of resins are now available in the market owing to advantages which include reducing wastes, saving energy, low-temperature treatment and high productivity. In recent years, mounting demand for UV curable resins is a result of the performance rendered by the product. They increase production speed, reduce reject rates, improve scratch and solvent resistance, & facilitate superior bonding. According to a recent study, the global market for UV curable resins estimated to grow at a CAGR of 8.80% in the coming years. To explore more in-depth details on this rapidly growing market, Market Research Hub (MRH) has announced the inclusion of a new study to its wide online repository, which is titled as “Global UV Curable Resins Market 2017-2021”.

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This study provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed in order to evaluate the impact of the different factors mentioned in the research report. Main regions emphasized in the study are EMEA, APAC and Americas. For each regional segment, the market size for coming years has been analyzed which is based on revenue and growth for the forecast period of 2017 to 2022. According to the report findings, the market is displaying remarkable growth due to various key factors. The major drivers of growth for this market are the growth of end user industries, demand for green coatings, an increase in demand for materials with faster cure time and stringent emission laws.

Among various resins available in this market, UV is also available for optical molding as it has high energy density and can thus concentrate on small spot diameters. Ultraviolet (UV) curing refers to a photochemical process in which high-intensity UV light is used to achieve an instant cure or dry inks or coatings. It is a technology which allows instant curing or drying on the application of UV light on products to cause photopolymerization. At present, the rising demand for UV curable resins from the end-user segments such as electronics and industrial coatings and the growth of the manufacturing sector will drive the growth of this market in the APAC region.

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The next section of the report presents a detailed evaluation of the market bifurcation. The market has been categorized by type, end-user and application. Based on type, it covers monomers, oligomers and photoinitiators. Of these, monomers segment accounted for the maximum market share. Also, development of improved and modern photoinitiators is also a major trend observed by the analysts.

As the report concludes, the readers can learn about the competitive landscape which presents an exact picture about the various players active in this market. Key vendors operating in the market are Dymax Corporation, BASF, SANMU GROUP, Hitachi Chemicals and Royal DSM. Some other prominent vendors in the market are The Nippon Synthetic Chemical Industry, Eternal Materials, allnex group, TOAGOSEI, Arkema, IGM and Miwon Specialty Chemical.

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This release was published on openPR.