UV Curable Resins & Formulated Products Market worth 3.05 Billion USD by 2021
The report "UV Curable Resins & Formulated Products Market by Composition, by Application, by Chemistry,
Application by Composition, and by Region - Global Forecast to 2021", published by MarketsandMarkets The
global UV curable resins market is projected to reach USD 3.05 Billion by 2021, registering a CAGR of 8.12% from
2016 to 2021.
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Browse 152 market data tables with 46 figures spread through 188 pages and in-depth TOC on "UV Curable Resins
& Formulated Products Market - Global Forecast to 2021"
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Non-acrylate & oligoamines and epoxy acrylates are the major oligomer chemistries in the UV curable resins
market
Non acrylated & oligoamines are oligomers which are used for free-radical curing of coatings, inks, and adhesives.
Epoxy acrylates are one of the most commonly used UV oligomers. Fast curing, good chemical resistance, high
gloss, and relatively low cost are the advantages of epoxy acrylates.
Industrial coatings represent the bulk of the demand for UV curable formulated products
With legislators seeking to reduce solvent emissions from coating processes through laws such as the Solvent
Emissions Directive (SED) and the Decopaint Directive (DPD), there is a significant trend toward the use of more
environmentally friendly industrial coating systems. As a result, UV curing systems are becoming increasingly
important.
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Asia-Pacific is estimated to account for the highest CAGR during the forecast period
Asia-Pacific is the largest market for UV curable formulated products, both in terms of volume and value, followed
by Western Europe and North America. China, the U.S., and Japan & Korea are the largest consumers of UV curable
formulated products. Factors such as evolving environmental & regulatory scenario, increasing consumer
awareness (including sensitivity to health and safety), uncertainty about oil price, and pressure from flagship
companies wanting to improve their environmental performance of their supply chain have all led to increasing
demand of UV curable formulated products in the Asia-Pacific region.
Key players in the UV curable resins market
The key players in the global market include Allnex Belgium S/A (Belgium), Alberdingk Boley GmbH (Germany),
Royal DSM N.V. (Netherlands), BASF SE (Germany), Covestro (Formerly Bayer MaterialScience) (Germany), Nippon
Gohsei (Japan), Jiangsu Sanmu Group Corporation (China), Wanhua Chemical Group Co. (China), Dymax
Corporation (U.S.), Eternal Chemical Co. (Taiwan), Hitachi Chemical Company Ltd. (Japan), IGM Resins
(Netherlands), Sartomer USA LLC (U.S.), and Miwon Specialty Chemical Co. Ltd. (Korea).