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U.V. Cure Resins Market: Analysis and Forecast by Transparency Market Research 2013 - 2019
The multifunctional resins employed in such formulations are termed as UV curable resins which can be broadly classified as monomers and oligomers. The monomers used in UV formulations include acrylates, methacrylates, vinyl esters, and others. Acrylates are the oligomers that are used in UV curable coatings. The other types of coatings that play a vital role are unsaturated polyester resins, polyester, polyether, polyurethane and a few other resins based upon chemistry types and linkages.
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Some of the key drivers for the growth of UV curable resins include the electronic and industrial coating segment which offers high demand for high performance coatings, adhesives and inks and growing demand for green coatings. In addition, regulatory authorities have set up legislations for the use of eco-friendly products that are expected to be the highest potential growth for UV curable resins and products.
Asia Pacific is the largest global market which accounted for more than half of the total global market followed by Europe and North America. China and Japan are the major consumers of UV curable resins. Rapid industrialization in Asia Pacific is expected to drive the market growth in this region over the next six years.
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Some of the key players in the lightweight materials market include Allnex Belgium SA, Sartomer USA LLC, BASFSE, Eternal Chemical Co. Ltd., MiwonSpecialty Chemical Co. Ltd. and Jiangsu Litian Technology Co. Ltd. among others.
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Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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