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Ultraviolet (UV) Curable Resin Market Share, Size, Key Players,
Outlook and Forecasts to 2024 | Hexa Research
“ UV Curable Resin market is to witness a significant growth over the forecast
period.”
11 March 2019
Projected to grow at a CAGR of more than 9%, UV Curable Resin market is to witness a significant growth
over the forecast period owing to strict government regulations on VOC emission into the environment and
technological progress in chemical curing market. Conventional adhesives have hydrocarbon solvents which
upon curing release hydrocarbon in the environment.
UV resins offer sustainable and dynamic coating in the market. The growing demand for green coatings is to
have a positive impact on the industry. These ultraviolet resins coatings are made from specific resins such
that they cure under UV light or artificial UV bright light. This gives ex tra durability and finish to variety of
substances. It comes in various colors and depends on color and layer’s thickness that how much time it will
take to cure under the UV light. Since it does not involve heating, it emits less carbon than other
conventional solutions. The aforementioned points drive the market growth over the forecast period.
Many other resins such as epoxy resins, polyester resins and acrylic pouring medium are becoming unpopular
as they require for curing and has poor UV resistance, especially in US and Europe region where government
is strict about the emission norms. The growing use of ink in packaging applications is to drive the market in
next eight years. UV curable resins are now being used in field applications as well which ha s lead in
improvements in curable equipments and technological innovation in finished products leading to the market
growth. Moreover, growing electronics market is also to have a positive impact as these resins provides good
abrasion resistance, adhesion and non-yellowing properties to electronic components.
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