HOME Top Market Reports UV Curable Resins Market by Application (Coatings, Inks, Adhesives, & Others), End-User Industry (Graphic Arts, Industrial Coatings, Electronics, & Others) & Geography - Trends & Forecasts to 2018

UV Curable Resins Market by Application (Coatings, Inks, Adhesives, & Others), End-User Industry (Graphic Arts, Industrial Coatings, Electronics, & Others) & Geography - Trends & Forecasts to 2018

By: marketsandmarkets.com
Publishing Date: February 2014
Report Code: CH 2217

 

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UV curing refers to a particular way of energy/radiation curing wherein various product formulations, including coatings, inks, adhesives, and further materials may be cured, rather than using traditional methods which are usually energy intensive and generate harmful emissions. In UV curing technology, multifunctional resins are cross-linked by exposure to UV light. The UV light triggers a UV photo initiator in the formulation to generate polymerization initiating species which very rapidly convert the liquid UV resins to a fully cross-linked coating. The multifunctional resins employed in such formulations are termed as UV curable resins which can be broadly classified as monomers and oligomers. The monomers used in UV formulations include acrylates (various functionalities), methacrylates (various functionalities), vinyl esters, and others. The oligomers used in UV curable coatings are predominantly acrylate in nature in which epoxy acrylates are most common. The other types that play a role are polyester, unsaturated polyester resins, polyurethane, polyether, acrylic acrylates, and a few other resins depending upon linkages and chemistry types.

The UV curable resins market is experiencing huge growth which is expected to continue in the near future, majorly driven by the highly growing Asia-Pacific region and intense efforts at the country level to promote environment-friendly products. A significant amount of investments are made by various market players in order to be prepared to serve the high potential ones in future. Asia-Pacific is the major global market, which accounted for more than half of the total global demand in 2012. The region is further expected to show quite a high growth in future, mainly due to high growth potential of the Chinese market.

The coating industry was the single-largest application of ultra voilet curable resins, with UV curable coatings manufacturers consuming more than 65.0% of the total demand in 2012. Budding demand for high-performance products which comply with the stringent emission standards is pushing the demand for UV curable resin at a notable pace. Inks manufacturing is comparatively consuming less quantity of UV curable resin but the demand growth is anticipated to be significant due to increasing application of UV curable inks in packaging printing.

This study basically aims to estimate the global UV curable resins market for 2013 and to project the expected demand of the same by 2018. This market research study provides a detailed qualitative and quantitative analysis of the global market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and projected for major regions such as Asia-Pacific, North America, Europe, and ROW, which is further segmented for key countries in each region. We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the global market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects.

Competitive scenarios of top players in the UV curable resins market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include: Allnex Belgium SA (Belgium), Eternal Chemical Co. Ltd. (Taiwan), Sartomer USA LLC (U.S.), BASF SE (Germany), IGM Resins B.V. (The Netherlands), Jiangsu Litian Technology Co. Ltd. (China), Miwon Specialty Chemical Co. Ltd. (South Korea), etc.

Scope of the report:

This research report categorizes the global market on the basis of applications, end-user industry, and geography along with forecasting volumes, revenues, and analyzing trends in each of the submarkets.

On the basis of applications: The UV curable resin market is segmented on the basis of industry applications, such as coatings, inks, adhesives, and others. Each application is further described in detail in the report with volume and revenue forecasts for each application.

On the basis of end-user industry: The global market is segmented on the basis of end-user industry such as industrial coatings, graphic arts, electronics, and others. Each end-user industry is further described in detail in the report with volume and revenue forecasts for each end-user industry.

On the basis of geography: A country level segmentation is done for UV curable resin for key regions that include Asia-Pacific, North America, Europe, and ROW ,and further for key countries in each region that include China, Japan, South Korea, Taiwan, India, U.S., Canada, Mexico, Germany, Sweden, U.K., Italy, Belgium, Switzerland, and Brazil.

Table Of Contents
 
1 Introduction (Page No. - 14)
   1.1 Key Take-Aways
   1.2 Report Description
   1.3 Stakeholders
   1.4 Research Methodology
         1.4.1 Market Size
         1.4.2 Major Secondary Sources Used
         1.4.3 Key Data Points Taken From Secondary Sources
         1.4.4 Key Data Points Taken From Primary Sources
         1.4.5 Assumptions

2 Executive Summary (Page No. - 19)

3 Premium Insights (Page No. - 21)
   3.1 UV Curable Resins Market Segments
   3.2 UV Curable Resin Market Dynamics
   3.3 UV Curable Resin Market Overview
   3.4 UV Curable Resin Market Outlook

4 Market Overview (Page No. - 30)
   4.1 Introduction
   4.2 Value Chain Analysis
   4.3 Market Dynamics
         4.3.1 Drivers
                  4.3.1.1 Budding Demand For Green Coatings Driven By Stringent Emission Norms 
                  4.3.1.2 Growing Electronics Market
                  4.3.1.3 Growth By Inks Employed in Packaging Applications
         4.3.2 Restraints
                  4.3.2.1 Application Limitations
                  4.3.2.2 Not Attractive in Price Competitive Markets
         4.3.3 Opportunities
                  4.3.3.1 Penetration into 3d Printing Materials Market
                  4.3.3.2 Diversifying Target Segments & Potential Markets With Low Capacities
   4.4 Burning Issue
         4.4.1 UV Curable Resin By Renewable Feedstock
   4.5 Winning Imperative
         4.5.1 Integration
   4.6 Regulations
   4.7 Porter’s Five Forces Analysis
         4.7.1 Threat of New Entrants
         4.7.2 Threat of Substitutes
         4.7.3 Buyers’ Power
         4.7.4 Suppliers’ Power
         4.7.5 Degree of Competition

5 Bio-Based UV Curable Resins (Page No. - 49)

6 UV Curable Products Market, By Composition (Page No. - 50)
   6.1 UV Curable Formulations
         6.1.1 Monomers
         6.1.2 Oligomers
         6.1.3 Photoinitiators

7 UV Curable Resin Market, By Application (Page No. - 55)
   7.1 Introduction
   7.2 Coatings
   7.3 Inks
   7.4 Adhesives
   7.5 Others
 
8 UV Curable Resin Market, By End User (Page No. - 63)
   8.1 Introduction
   8.2 Industrial Coatings
   8.3 Graphic Arts
   8.4 Electronics
   8.5 Others

9 UV Curable Resins Market, By Geography (Page No. - 70)
   9.1 Introduction
   9.2 North America
         9.2.1 U.S.
         9.2.2 Canada
         9.2.3 Mexico
   9.3 Europe
         9.3.1 Germany
         9.3.2 Sweden
         9.3.3 U.K.
         9.3.4 Italy
         9.3.5 Belgium
         9.3.6 Switzerland
   9.4 Asia-Pacific
         9.4.1 China
         9.4.2 Japan
         9.4.3 South Korea
         9.4.4 Taiwan
         9.4.5 India
   9.5 ROW
         9.5.1 Brazil

10 Competitive Landscape (Page No. - 138)
   10.1 Introduction
   10.2 Expansion: the Most Popular Growth Strategy
   10.3 Maximum Developments in 2013
   10.4 Asia-Pacific & Europe: Regions With Maximum Developments
   10.5 Sartomer, Allnex, Miwon Specialty Chemical: Leading Market Participants

11 Company Profiles (Overview, Financials, Products & Services, Strategy, and Developments)* (Page No. - 144)
   11.1 Allnex Belgium SA
   11.2 BASF SE
   11.3 DSM-AGI Corporation
   11.4 Dymax Corporation
   11.5 Eternal Chemical Co. Ltd.
   11.6 Hitachi Chemical Company Ltd.
   11.7 IGM Resins B.V.
   11.8 Jiangsu Litian Technology Co. Ltd.
   11.9 Jiangsu Sanmu Group Corporation
   11.10 Miwon Specialty Chemical Co. Ltd
   11.11 Sartomer Usa Llc
 
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
 
Appendix (Page No. - 170)
   Developments


List Of Tables (78 Tables)

Table 1 UV Curable Resins: Market Volume, By Geography, 2011–2018 (KT)
Table 2 UV Curable Resin: Market Value, By Geography, 2011–2018 ($Million)
Table 3 Impact of Major Drivers On UV Curable Resin Market, 2013-2018
Table 4 Consumer Electronics: Market Volume (Billion Units) & Value ($Billion), 2008-2012
Table 5 Packaging: UV Inks Market, By Process, 2011-2018 (KT)
Table 6 Impact of Major Restraints on UV Curable Resin Market, 2013-2018
Table 7 Impact of Major Opportunities on UV Curable Resin Market, 2013-2018
Table 8 UV Curing: Radical Vs Cationic Cure
Table 9 Oligomers: Types & Performance Effects
Table 10 UV Curable Products Market, By Composition, 2011-2018 (KT)
Table 11 Coatings: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 12 Inks: UV Curable Resins, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 13 Adhesives: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 14 Others: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 15 Industrial Coatings: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 16 Graphic Arts: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 17 Electronics: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 18 Others: UV Curable Resin, Market Volume (KT) & Market Value ($Million), 2011–2018
Table 19 U.S.: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 20 U.S.: Market Value, By Application, 2011-2018 ($Million)
Table 21 U.S.: UV Curable Resins Market Volume, By End-User, 2011-2018 (KT)
Table 22 U.S.: Market Value, By End-User, 2011-2018 ($Million)
Table 23 Canada: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 24 Canada: Market Value, By Application, 2011-2018 ($Million)
Table 25 Canada: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 26 Canada: Market Value, By End-User, 2011-2018 ($Million)
Table 27 Mexico: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 28 Mexico: Market Value, By Application, 2011-2018 ($Million)
Table 29 Mexico: UV Curable Resins Market Volume, By End-User, 2011-2018 (KT)
Table 30 Mexico: Market Value, By End-User, 2011-2018 ($Million)
Table 31 Germany: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 32 Germany: Market Value, By Application, 2011-2018 ($Million)
Table 33 Germany: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 34 Germany: Market Value, By End-User, 2011-2018 ($Million)
Table 35 Sweden: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 36 Sweden: Market Value, By Application, 2011-2018 ($Million)
Table 37 Sweden: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 38 Sweden: Market Value, By End-User, 2011-2018 ($Million)
Table 39 U.K.: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 40 U.K.: Market Value, By Application, 2011-2018 ($Million)
Table 41 U.K.: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 42 U.K.: Market Value, By End-User, 2011-2018 ($Million)
Table 43 Italy: UV Curable Resins Market Volume, By Application, 2011-2018 (KT)
Table 44 Italy: Market Value, By Application, 2011-2018 ($Million)
Table 45 Italy: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 46 Italy: Market Value, By End-User, 2011-2018 ($Million)
Table 47 Belgium: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 48 Belgium: Market Value, By Application, 2011-2018 ($Million)
Table 49 Belgium: UV Curable Resins Market Volume, By End-User, 2011-2018 (KT)
Table 50 Belgium: Market Value, By End-User, 2011-2018 ($Million)
Table 51 Switzerland: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 52 Switzerland: Market Value, By Application, 2011-2018 ($Million)
Table 53 Switzerland: UV Curable Resins Market Volume, By End-User, 2011-2018 (KT)
Table 54 Switzerland: Market Value, By End-User, 2011-2018 ($Million)
Table 55 China: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 56 China: Market Value, By Application, 2011-2018 ($Million)
Table 57 China: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 58 China: Market Value, By End-User, 2011-2018 ($Million)
Table 59 Japan: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 60 Japan: Market Value, By Application, 2011-2018 ($Million)
Table 61 Japan: UV Curable Resins Market Volume, By End-User, 2011-2018 (KT)
Table 62 Japan: Market Value, By End-User, 2011-2018 ($Million)
Table 63 South Korea: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 64 South Korea: Market Value, By Application, 2011-2018 ($Million)
Table 65 South Korea: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 66 South Korea: Market Value, By End-User, 2011-2018 ($Million)
Table 67 Taiwan: UV Curable Resins Market Volume, By Application, 2011-2018 (KT)
Table 68 Taiwan: Market Value, By Application, 2011-2018 ($Million)
Table 69 Taiwan: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 70 Taiwan: Market Value, By End-User, 2011-2018 ($Million)
Table 71 India: UV Curable Resin Market Volume, By Application, 2011-2018 (KT)
Table 72 India: Market Value, By Application, 2011-2018 ($Million)
Table 73 India: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 74 India: Market Value, By End-User, 2011-2018 ($Million)
Table 75 Brazil: UV Curable Resins Market Volume, By Application, 2011-2018 (KT)
Table 76 Brazil: Market Value, By Application, 2011-2018 ($Million)
Table 77 Brazil: UV Curable Resin Market Volume, By End-User, 2011-2018 (KT)
Table 78 Brazil: Market Value, By End-User, 2011-2018 ($Million)


List Of Figures (26 Figures)
 
Figure 1 UV Curable Resin: Market Segments
Figure 2 UV Curable Resin: Market Dynamics
Figure 3 UV Curable Resin: Drivers Vs Restraints
Figure 4 UV Curable Resin: Porter’s Five Forces Analysis
Figure 5 UV Curable Resins: Regional Market Life Cycle
Figure 6 UV Curable Resin: Market Overview, By Geography, 2011–2018
Figure 7 UV Curable Resin: Demand Outlook, 2012
Figure 8 UV Curable Resins Market Share, By Application, 2012 Vs 2018
Figure 9 UV Curable Resin Market Share, By End-User, 2012 Vs 2018
Figure 10 Overview of UV Curable Resin Value Chain
Figure 11 Global Green Coatings Market, 2011-2018
Figure 12 3d Printing Materials Market, 2011-2018 (Tons)
Figure 13 Integrated Business Model
Figure 14 Porter’s Five Forces Analysis
Figure 15 Monomer Selection Matrix
Figure 16 UV Curable Resins Market Share, By Application, 2012
Figure 17 Market Share, By End-User, 2012
Figure 18 Market Share, By Geography, 2012
Figure 19 North America: UV Curable Resin Market Share, By Country, 2012
Figure 20 Europe: UV Curable Resin Market Share, By Country, 2012
Figure 21 Asia-Pacific: UV Curable Resin Market Share, By Country, 2012
Figure 22 ROW: UV Curable Resin Market Share, By Country, 2012
Figure 23 UV Curable Resin: Market Strategy Distribution, By Geography, 2010-2013
Figure 24 UV Curable Resins: Market Developments, 2010–2013
Figure 25 UV Curable Resin: Market Growth Strategies, By Geography, 2010–2013
Figure 26 UV Curable Resin: Market Activity Share, By Company, 2010–2013

UV Curable Resin: 697.2 kilotons market by 2018, signifying a firm annualized growth rate of over 7.7%

The global UV curable resins market, along with its end products, has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. Ultra voilet curable resins are building blocks for formulating various environment-friendly and fast curing coatings, inks, and adhesives which further serve various end-user industries, including industrial coatings, graphic arts, and electronics.

Currently, Asia-Pacific is the largest consumer of UV curable resins, which consumed more than half of the total global consumption in 2012. Among all the countries in the region, China and Japan lead the global market, holding a major share in regional volumetric consumption of ultra voilet curable resin in 2012. The market volume of UV curable resin is comparatively low in the ROW region, but it is expected show the highest CAGR from 2013 to 2018, followed by Asia-Pacific.

Almost 90.0% of the total demand in UV curable resins market is by coatings and inks manufacturers, with coatings application also being the fastest-growing end-user segment. As an end user, industrial coatings are the biggest as well as the fastest-growing segment of ultra voilet curable resins, which is primarily due to high penetration in all the regions. Subsequently, graphic arts and electronics industries were the second- and third-largest end users of UV curable formulations.

The drivers of the industry are identified as the budding demand for green coatings, growing electronics manufacturing, and increased use of environment-friendly inks in packaging applications. The restraining factors are identified as application limitations and not being an attractive product in price competitive markets. The major issue pertaining in the market is manufacturing of UV resins by renewable feedstock.

Major UV curable resin manufacturers include Allnex Belgium SA (Belgium), Eternal Chemical Co. Ltd. (Taiwan), Sartomer USA LLC (U.S.), BASF SE (Germany), IGM Resins B.V. (The Netherlands), Jiangsu Litian Technology Co. Ltd. (China), Miwon Specialty Chemical Co. Ltd. (South Korea), etc.

UV Curable Resins: Market Share, by Geography, 2012

UV Curable Resins Market

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

This report covers the global market by key regions and major countries in each region. It also provides a detailed segmentation of the UV curable resin market on the basis of major applications and end-user industries, along with its projection till 2018.

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