Global UV-Curable Resin Market Size & Share to 2027
Global UV-Curable Resin Market Size, Trends & Growth Opportunity By Resin Type (Acrylated Epoxies, Acrylated Polysters, Acrylated Urethanes, Acrylated Silicones, and Others), By Composition (Monomers, Photoinitiators, Oligomers, and Coinitiators), By Application, Region and Forecast till 2027
Global UV-Curable Resin Market
The UV-curable resins are defined as the cured and polymerized resins which used as raw materials in bonding, sealing, and coating. They find their major application in Printing, Coating, Adhesives & sealants, and others. The UV-curable resins provide enhanced chemical resistance, good workability, and fast curing time.
Market Drivers
The increase in consumption in various end use industries including automotive, graphics, industrial, and wood coating is expected to boost the global UV-curable resins market growth. Furthermore, the rise in demand for eco-friendly curable resins will positively influence the market growth. Also, continuous technological developments along with low-cost manufacturing equipment expected to fuel the global UV-curable resins market growth. The advanced technologies have given ease in the manufacturing process. The increase in emphasis on safe, sustainable, odor-free and green materials by various regulatory authorities across the world has resulted in the raise in need of these products. In addition, growing environmental concerns, and stringent regulations regarding the use of plastic products will support the growth of UV-curable resin market in near future.
Market Restraints
High initial capital cost is the major restraint which expected to hamper the global UV-Curable resin market growth. Also, the finishing defects caused by incomplete drying may limit the global UV-Curable resin market growth.
Market Segmentation
The Global UV-Curable Resin Market is segmented into resin type such as Acrylated Epoxies, Acrylated Polysters, Acrylated Urethanes, Acrylated Silicones, and Others, by composition such as Monomers, Photoinitiators, Oligomers, and Coinitiators. Further, market is segmented into application such as Printing, Coating, Adhesives & sealants, and others.
Also, Global UV-Curable Resin Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some key operating players are discussed in this report such as BASF SE, Allnex, Arkema Group, Covestro AG, DIC CORPORATION, DSM, Eternal Materials Co.,Ltd., Dymax Corporation, IGM Resins, Nippon-Gohsei, SOLTECH LTD., etc.
Market Taxonomy
By Resin Type
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