UV Curable Resin Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
UV Curable Resin Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global UV Curable Resin Market: Overview
In 2018, the global UV Curable Resin Market was worth USD 4745.6 mn. And, the value is set to increase considerably over the forecast period of 2018-2028 as per a Transparency Market Research (TMR) study. This would be a result of an impressive CAGR (Compound Annual Growth Rate).
UV Curable Resin market is set to grow due to increase in use in various industries. The material that is polymerized through energy from UV devices is used a s raw material in sealing, coating and also bonding. They provide enhanced chemical resistance and curing time is minimum. This allows them to be preferred in manufacturing coating.
Global UV Curable Resin Market: Notable Development
The market is going through significant transformation. Some of the major developments, shaping the landscape of the forecast period is outlined below.
- December 2016: BASF SE came up with the announcement to expand their portfolio. The announcement included mention if five new standard proxy acrylates. These belong to Laromer EA product family, which are used for tradition coatings and inks used for printing. This brings to fore the focus of major players towards launching new products in order to stay ahead of the curve.
- DSM partnered with Nanjing Cosmos Chemical Co. to expand associated filters portfolio. Also, Arkena launched 3D printing solutions to come up with specialty products. This, once again directs us to how serious players in global UV curable resin market are towards product development and innovation
The global UV curable resin market is slightly fragmented. Some of the prominent names in the market landscape include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group. To have an edge over competition, player use a number of strategies. Some of the major ones are merger and acquisitions and nosiness expansions. Others include investing in innovation to come up with better products.
Global UV Curable Resin Market: Key Trends and Drivers
The global UV Curable Resin market is currently being shaped by a number of factors. For one, it is all set to explore its full potential in the forecast period. Use in 3D printing and barrier films will give impressive push to the overall market and so will use in digital printing and packaging.
- As awareness about environment is catching up on with the masses, there is surge in demand for green products. And so it comes as no surprise that environmental friendly products are asked for. Manufacturers, across the globe, are hustling to meet this increase in demand for sustainable variants. The surge is particularly observed in curable inks in packaging application.
- Improvements in photosensitive wavelength and band and solubility form the new focus for manufacturers in order to improve performance. While this required heavy investments from manufacturers, the need to be up on toes is real in order to not miss fair share of market growth. Therefore, players can expect more investments in innovation over the forecast period. And, as demonstrated with the examples outlined above of BASF SE, DSM and Arkena, a fair share of new products will be hitting the global UV curable resin market.
Global UV Curable Resin Market: Regional Analysis
The notable growth of paints and coating industry all set to mark the Asia Pacific market. This means good news for the region and even better one for global UV curable resin market. Besides, the automotive industry will hold key to future growth for the said market.
Another market worth observing would be North America and Europe owing to a strong automotive sector, that will drive the market forward in a big way.
UV curable resin market Segments:
By Resin Type
- Acrylated Epoxies
- Acrylated Polyesters
- Acrylated Urethanes
- Acrylated Silicones
By Application
- Coating
- Packaging
- Printing
- Adhesives & Sealants
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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