UV Curable Resins & Formulated Products Market Is Expected To Reach USD 7.90 Billion By 2026.
Ngày đăng: 07-11-2023 |
Ngày cập nhật: 07-11-2023
Market Overview: A new report from Reports and Data predicts that the global UV Curable Resins & Formulated Products market is set to achieve a valuation of USD 7.90 Billion by 2026. These resins are known for their rapid drying and immediate curing properties, and their substantial demand from various end-use industries is a significant driving force behind the growth of this market. Key applications include wood and paper coatings, adhesives, and plastic coatings, among others.
Market Growth Factors: The market for UV Curable Resins & Formulated Products is experiencing growth due to increased demand resulting from industrialization and urbanization. This market presents lucrative opportunities, with factors like cost-effectiveness, high productivity, durability, and low maintenance positively impacting its expansion.
Get a sample copy of the UV Curable Resins & Formulated Products Market report: https://www.reportsanddata.com/download-free-sample/1829
The adoption of environmentally friendly industrial coatings and the rising need for UV curable inks in packaging applications are contributing to the growth of these products. The increased use of UV curable resins in applications such as Barrier Films, 3D Printing, packaging, digital printing, and printed circuits is expected to further fuel market growth.
North America, as a developed region with well-established end-user industries like logistics, construction, and electronics, is driving market growth. Government initiatives aimed at renovating residential and commercial infrastructure are also contributing to this expansion.
Key Report Highlights:
Market Statistics:
Composition Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026):
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Market Growth Factors: The market for UV Curable Resins & Formulated Products is experiencing growth due to increased demand resulting from industrialization and urbanization. This market presents lucrative opportunities, with factors like cost-effectiveness, high productivity, durability, and low maintenance positively impacting its expansion.
Get a sample copy of the UV Curable Resins & Formulated Products Market report: https://www.reportsanddata.com/download-free-sample/1829
The adoption of environmentally friendly industrial coatings and the rising need for UV curable inks in packaging applications are contributing to the growth of these products. The increased use of UV curable resins in applications such as Barrier Films, 3D Printing, packaging, digital printing, and printed circuits is expected to further fuel market growth.
North America, as a developed region with well-established end-user industries like logistics, construction, and electronics, is driving market growth. Government initiatives aimed at renovating residential and commercial infrastructure are also contributing to this expansion.
Key Report Highlights:
- The report provides global statistics for the UV Curable Resins & Formulated Products market from 2016 to 2026, with historical data for 2016 and 2017, using 2018 as the base year, and forecasting from 2019 to 2026.
- The market's size is estimated, along with an analysis of historical and projected trends.
- Different product types are analyzed, and statistical analysis is conducted to determine their individual market share.
- The report estimates the share of different compositions, such as Oligomers, Monomers, Photoinitiators, and Additives.
- It includes regional research and application outlooks.
- Demand and supply gap analysis is provided.
- Competitive pricing strategies of regional competitors are discussed.
- Market share analysis of leading industry players is included.
- The report offers strategic recommendations for new market entrants.
- It covers market trends, including drivers, constraints, opportunities, threats, challenges, investment opportunities, and recommendations.
- Strategic recommendations for key business segments are provided based on market estimations.
- The report includes a competitive landscape analysis and profiles of companies with details on their strategies, financials, and recent developments.
- The development of innovative photoinhibitors is a prominent trend in the UV curable resins & formulated products market. This includes expanding the photosensitive wavelength band and enhancing photoinitiator solubility in traditional photoinitiators for improved performance.
- Government regulatory authorities worldwide are emphasizing the use of odor-free, safe, sustainable, and eco-friendly materials, leading to increased demand for UV curable resins.
- Many UV light curable resins have been developed to comply with strict regulations in North America and Europe aimed at reducing air pollution and energy consumption.
- The limited penetration depth of UV curable resins is a hindrance to market growth, as their application is typically restricted to coatings, inks, and adhesives.
- The APAC region is witnessing rapid market growth due to increased industrialization and urbanization, favorable government regulations, and the expansion of the automotive and construction sectors. Japan, China, and India are the largest consumers of UV curable resins & formulated products.
- In December 2016, BASF SE added five new standard epoxy acrylates from the Laromer EA product family to broaden its UV resins portfolio for radiation-curable coatings and printing inks.
Market Statistics:
- The UV Curable Resins & Formulated Products Market was valued at USD 3.89 Billion in 2018 and is projected to reach USD 7.90 Billion by 2026.
- Monomers are expected to grow at a CAGR of 9.3% during the forecast period, primarily due to their impact on curing speed, viscosity, shrinkage during polymerization, film properties, shelf life, cost, odor, volatility, and toxicity. Acrylates are the most widely used reactive diluents.
- Non-Acrylates & Oligoamines are forecasted to grow at a CAGR of 8.9% during the forecast period, with urethane acrylate oligomers being a significant component of coatings that determine the properties of cured and liquid coatings.
- Photoinhibitors held a market share of 19.3% in 2018 and are used to protect and decorate substrates like wood, plastics, and metal.
- 3D printing had a market share of 17.4% in 2018, with the growth of technologies like inkjet utilizing UV curable technology for technical advantages.
- The European market is primarily driven by developments in construction, electronics, and automobiles. Stringent VOC emission regulations in the region are encouraging the demand for UV curable resins & formulated products, and technological advancements are further contributing to market growth.
Composition Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026):
- Oligomers
- Monomers
- Photoinitiators
- Additives
- Non-Acrylates & Oligoamines
- Acrylate Oligomers
- Coatings
- Overprint Varnishes
- Printing Inks
- Adhesives
- 3D Printing
- Others
- North America (U.S.)
- Europe (UK, France)
- Asia Pacific (China, India, Japan)
- MEA
- Latin America (Brazil)
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Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1829
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse Latest Blogs: https://www.reportsanddata.com/blogs
Browse Latest Press Release: https://www.reportsanddata.com/press-release
