Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Increasing penetration in 3D printing and metal coatings market is to offer opportunities
in this market. As market demand for 3D material is growing, it is to have positive
impact on resins market as well. Moreover, potential markets with low capacities and
diversifying target segments also provide opportunities to UV curable resin market.
The industry can be segmented on the basis of composition, application and end -user.
On the basis of composition the market is divided into monomers, oligomers and
photoinitiators. On the basis of application, the market includes inks, coatings and
adhesives. On the basis of end users, the industry is divided into graphic arts, industrial
coatings and electronics. Industrial coatings dominated the market in the recent past
due to its various applications in plastics, paper, wood and glass manufacturing.
North America being characterized by advanced processing technologies has a high
demand for adhesives and coating. US being a major processed food hub require more
of UV resins for packaging applications which is to fuel the growth of this market over
the forecast period. Declining industrialization in Western Europe is to have a negative
impact on European resin’s market. Asia-Pacific on account of its growing automobile
sector has increased the consumption of resins in the near past. China dominated the
market of UV resins followed by Japan. This market is to witness a significant growth
over the forecast period owing to electronic products growth.
Key players in this market are DSM-AGI Corporation, Miwon Specialty Chemical Co.
Ltd., Dymax Corporation, Hitachi Chemical Company Ltd., Allnex Belgium SA, Jiangsu
Litian Technology Co. Ltd., Jiang su Sanmu Group Corporation, Sartomer USA LLC,
Eternal Chemical Co. Ltd., BASF SE and IGM Resins B.V. Merger & Acquisitions are
strategic initiatives used by these companies.
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/