The global UV curable resins and formulated products market size is expected to grow from USD 4.6 billion in 2021 to USD 7.3 billion by 2026, at a compound annual growth rate (CAGR) of 9.7%
between 2021 and 2026. UV-curable resins and formulated products composed of a base resin (oligomers) formulated with monomers, additives and photoinitiators. However, the negative impact of the COVID-19 pandemic on end-use applications has negatively affected the market for UV curable resins and formulated products.
New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “UV Curable Resins and Formulated Products Market by Composition, Chemistry, Application, Technology and Region – Global Forecast to 2026″ -https://www.reportlinker.com/p04975557/?utm_source=GNW
Additives are the fastest growing composition segment in the UV curable resins and formulated products market in terms of both value and volume.
Additive composition type is expected to register the highest CAGR in terms of value between 2021 and 2026. Additives are used in UV formulation to promote flow and other properties such as leveling and cratering .
Stabilizers are the most commonly used additives, which prevent gelation during premature curing and storage caused by low light exposure. Color pigments, defoamers, colorants, adhesion promoters, wetting agents, matting agents and slip aids are some of the examples of additives commonly used in applications such as coatings, adhesives , printing inks and overprint varnishes.
Acrylate Oligomers is the largest chemical type of UV curable resins and formulated products in terms of value and volume.
Acrylate oligomers grow rapidly and are a viable choice of UV-curable resins for several end uses such as wood floors, kitchen cabinets, and furniture. -furniture price point.
Urethane acrylates provide premium performance with minimal process issues and near zero VOC emissions.
100% solids UV resins are the most widely used type of UV curable resin technology and formulated products by value and volume.
100% solid UV formulations are one or two component coatings that are formulated to have higher concentrations of solid components (100%), such as binders, pigments and additives than conventional formulations such as solvents. High solids coatings provide satisfactory performance due to their low percentage of VOCs.
100% solid UV formulations are more environmentally friendly than conventional formulations as they emit low amounts of VOCs. Therefore, they are mainly used in the aerospace industry to comply with various emission regulations. These formulations are durable, economical and less harmful to the environment. They are, however, more expensive and require spray equipment and expertise to apply.
Coatings are the largest application of UV curable resins and formulated products by value and volume.
UV curable resins and formulated products are widely used in coatings applications. The use of UV coatings has increased dramatically over the past decade in the electronics industry in coatings for cell phones, laptops, and game consoles.
The main reason for this growth is the excellent performance that can be achieved with UV coatings, particularly good wear resistance, outdoor durability and resistance to household chemicals. With an increasing demand for high performance and durable electronic components, combined with the global shift towards more environmentally friendly coating technology, the use of water-based UV technology is expected to see excellent growth.
APAC is the market leader in UV-curable resins and formulated products by value and volume.
APAC is the largest market for UV-curable resins and formulated products by value and volume. The market for UV curable resins and formulated products in APAC is segmented into China, Japan, South Korea, India, Vietnam, Malaysia and Rest of APAC.
It is one of the fastest growing markets in the world for UV curable resins and formulated products. The market is expected to register a high CAGR over the next five years.
The region offers significant business opportunities for the market growth of UV curable resins and formulated products.
Due to COVID-19, producers of UV curable resins and formulated products and many companies have shut down their production sites in various countries, resulting in reduced demand for UV curable resins and formulated products , which affected demand in APAC countries. Recovery in end-use industries with the restoration of the supply chain would drive the demand for titanium during the forecast period.
This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By type of business: level 1: 40%, level 2: 33% and level 3: 27%
• By Designation – C Level – 50%, Director Level – 20% and Others – 30%
• By region – North America – 15%, Europe – 50%, Asia-Pacific (APAC) – 20%, South America – 5%, Middle East and Africa (MEA) -10%,
The report provides a comprehensive analysis of the company profiles listed below:
• Allnex Netherlands BV (Germany)
• Alberdingk Boley GmbH (Germany)
• BASF SE (Germany)
• Covestro AG (Germany)
• Wanhua Chemical Group Co., Ltd. (China)
• Miwon Specialty Chemical Co. Ltd. (South Korea)
• Showa Denko Materials Co., Ltd., (Japan)
• IGM resins (Netherlands)
This report covers the global UV curable resins and formulated products market and forecasts the market size till 2026. UV powder), application (coatings, overprint varnishes, printing inks, adhesives, others) and region (Europe, North America, APAC, South America and MEA).
Porter’s five forces analysis along with drivers, restraints, opportunities and challenges have been discussed in the report. It also provides company profiles and competitive strategies adopted by leading players in the global UV Curable Resins and Formulated Products market.
Key Benefits of Purchasing the Report:
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report comprehensively segments the global UV curable resins and formulated products market. It provides the closest approximations of revenue for the overall market and sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the UV Curable Resins and Formulated Products market and provides them with insights on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more information to improve their position in their businesses. The competitive landscape section includes competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.
Reasons to buy the report:
The report will assist the leaders/new entrants in this market by providing the closest approximations to the revenue of the overall UV Curable Resins and Formulated Products market and sub-segments. This report will help stakeholders to understand the competitive landscape, acquire more information and better position their businesses and market strategies.
Read the full report: https://www.reportlinker.com/p04975557/?utm_source=GNW
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