IMARC Group, a leading market research company, has recently releases report titled “UV Curable Resins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global ultraviolet curable resins market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the UV Curable Resins Market?
Market Size in 2021- US$ 5.2 Billion
Market Forecast in 2027- US$ 9.1 Billion
Growth rate (2022 to 2027)- CAGR of 9.87%
Base Year of the Analysis- 2021
Forecast Period- 2022-2027
What is Ultraviolet (UV) Curable Resins?
Ultraviolet (UV) curable resins represent non-solvent materials polymerized by the energy radiated from UV irradiation devices. They mainly consist of photopolymerization initiators, oligomers, monomers, co-initiators, etc., along with additives, such as stabilizers, plasticizers, pigments, etc. UV curable resins have several advantages over conventional cures, including lower energy consumption, reduced waste, less equipment space, minimal temperature treatment, etc. As a result, these resins find extensive applications across several industries, including pharmaceutical, food and beverage, automotive, etc.
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What Are the Growth Prospects and Trends in the UV Curable Resins Market?
The rising demand for UV cured resins in the manufacturing of an array of medical products, such as catheters, syringes, dialysis machines, etc., is one of the primary factors driving the global market. In the recent times, due to elevating concerns towards the spread of the coronavirus disease (COVID-19), UV curable resins are being increasingly adopted in safe packaging coatings. Furthermore, the growing utilization of three-dimensional (3D) printing in the aerospace and automobile industries is also driving the demand for UV cured resin-based 3D printing technologies. Besides this, several product variants derived from renewable raw materials with light-emitting diode (LED) technology for reducing air pollution and energy consumption will also continue to bolster the global market for UV curable resins in the coming years.
Who Are the Key Players Operating in the Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Allnex GmbH
- Arkema S.A.
- BASF SE
- Covestro AG
- Dymax Corporation
- Eternal Materials Co. Ltd.
- IGM Resins B.V.
- Jiangsu Litian Technology Co. Ltd.
- Jiangsu Sanmu Group Co. Ltd.
- Koninklijke DSM N.V.
- Showa Denko K. K.
- Toagosei Co. Ltd.
What is Included in Market Segmentation?
The report has categorized the market based on resin type, compositions, and application.
Breakup by Resin Type:
- Acrylated Epoxies
- Acrylated Polyesters
- Acrylated Urethanes
- Acrylated Silicones
- Others
Breakup by Compositions:
- Monomers
- Oligomers
- Photoinitiators
- Others
Breakup by Application:
- Coating
- Packaging
- Printing
- Adhesives and Sealants
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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