The global demand for UV Cured Resins Market is presumed to reach the market size of nearly USD 9.21 Billion by 2032 from USD 4.35 Billion in 2023 with a CAGR of 8.7% under the study period 2024 - 2032.
UV curing is a subset of energy or radiation curing, where a light source is used to cure products such as coatings, inks, and adhesives. UV or ultraviolet cured resins are the materials that are polymerized and cured in a short period of time by using energy, which is radiated from UV irradiation devices. These are especially used as industrial materials for coating, bonding, and sealing.
Market Dynamics
The increasing environmental regulations in order to control emissions coupled with a rising trend for green technology is primarily driving the market growth. The increasing need from various end-use industries such as construction and packaging is again driving the market growth. However, limited application and high initial investment cost are likely to hamper market growth. Whereas, 3D printing materials with high flexibility, processability, and stability is expected to propel demand over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of UV cured resins.
Market Segmentation
The entire UV cured resins market has been sub-categorized into formulation, application, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Composition
- Monomers
- Oligomers
- Photo initiators
- Additives
By Raw Material
- Epoxy acrylates
- Polyester acrylates
- Urethane acrylates
- Others
By Product
- Industrial coating
- Adhesives
- Inks
- Others
By Front Industry.
- Automotive
- Wood Industry
- Ship Building
- Graphic Arts
- Electronics
- Plastic & Packaging
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for UV cured resins market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global UV Cured Resins Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the UV cured resins market include Soltech Limited, Toagosei Co. Ltd., Jiangsu Sanmu Group., Hitachi Chemical, IGM, Jiangsu Litian Technology, Eternal Materials, Arkema, Hitachi Chemical, DSM N.V., Allenex, Miwon Specialty Chemicals, BASF SE. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.