UV Curable Resins Market Size By Composition (Monomers, Oligomers, Photoinitiators, Additives), By Raw Material (Epoxy acrylates, Polyester Acrylates, Urethane Acrylates), By Product (Industrial Coating, Adhesives, Inks), By Front-Industry (Automotive, Wo

UV Curable Resins Market Size By Composition (Monomers, Oligomers, Photoinitiators, Additives), By Raw Material (Epoxy acrylates, Polyester Acrylates, Urethane Acrylates), By Product (Industrial Coating, Adhesives, Inks), By Front-Industry (Automotive, Wood Industry, Ship Building, Graphic Arts, Electronics, Plastic & Packaging), COVID-19 Impact Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

Global UV Curable Resins Industry will depict noticeable growth through 2032 owing to the rising application of UV curable resins in the automotive sector, especially in North America, for applications such as bonding, sealing, and coating. Other important applications of UV curable resins include concrete and plastic coatings, scratch-resistant wood, and UV-curable acrylic adhesives.

Besides, UV curable resins are being increasingly adopted owing to their high productivity, ease of application, and lower impact on the environment, which will also fuel their market demand.

Overall, the global UV curable resins industry is segmented in terms of composition, raw material, product, front-industry, and region.

Based on composition, the monomers segment is estimated to be valued at USD 5.5 billion by 2032. Constant technical innovations and rising demand for high-performance resins are anticipated to boost the product demand. Besides, UV-curable monomer resins are widely used in various industries due to their easy manufacturing process and economic nature.

On the basis of raw material, the urethane acrylates segment is slated to depict more than 7% CAGR through 2032. The rising demand for best-in-class quality packaging solutions and increased investment in the marketing strategies for such products will primarily boost the overall demand.

Urethane acrylates are used in containers for several end industries, due to their qualities such as an excellent ability to impregnate fiber reinforcements, fast curing, compatibility with polyester gel coats, low viscosity, and superior finish. Besides, attributes including greater rigidity than polyester and vinyl ester resins, impact resistance, low shrinkage, and quick release, will also enhance the product adoption in the future.

In the context of the product, the inks segment is estimated to be valued at over USD 2.7 billion by 2032. The segmental expansion can be accredited to the recent industry trends, rising consumer preference for environment-friendly inks, increasing demand for innovative packaging, and constant R&D investments by major inks manufacturers.

In terms of the front industry, the graphic arts segment is anticipated to witness robust growth through 2032. UV inks and overprint varnishes have been used in commercial printers and in-house printing operations for over the years since they help to gain higher production speeds, easier clean-up, and no VOC emissions.

Regionally, the Asia Pacific global UV curable resins market is anticipated to be valued at over USD 4.3 billion by 2032. The regional market growth will be driven by the expanding electrical & electronics industries and the construction sector, primarily in Indonesia, Thailand, South Korea, and India. In addition, the growing prevalence of stringent VOC emission norms and increasing consumer environmental awareness will also add impetus to the market growth during the next decade.