UV Curable Resins & Formulated Products

UV Curable Resins & Formulated Products

Global UV Curable Resins and Formulated Products Market to Reach $7.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for UV Curable Resins and Formulated Products estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027. Oligomers, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Monomers segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 11.6% CAGR

The UV Curable Resins and Formulated Products market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2027.

Additives Segment to Record 6.9% CAGR

In the global Additives segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$823.9 Million in the year 2020 will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.3% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• Alberdingk Boley GmbH
• Allnex
• Arakawa Chemical Industries Ltd.
• Arkema Group
• BASF SE
• BYK-Chemie GmbH
• CBC Co., Ltd.
• Covestro AG
• DIC Corporation
• Double Bond Chemical Ind., Co., Ltd.
• Dymax Corporation
• Elementis Specialties, Inc.
• Eternal Materials Co., Ltd.
• Hitachi Chemical Co., Ltd.
• IGM Resins BV
• Jiangsu Sanmu Group Corporation
• Lambson Ltd.
• Miwon Specialty Chemical Co., Ltd.
• Nagase ChemteX Corporation
• Nissan Chemical Industries Ltd.
• Perstorp Holding AB
• Qualipoly Chemical Corporation
• Rahn AG.
• Royal DSM NV
• Siltech Corporation
• Soltech Ltd.
• The Nippon Synthetic Chemical Industry Co., Ltd.
• Toagosei Co., Ltd.
• Wanhua Chemical Group Co., Ltd

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