HOME Top Market Reports UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylated & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecasts to 2022

UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylated & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: CH 2217

 

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The global UV curable resins & formulated products market is projected to reach USD 5.70 Billion by 2022, registering a CAGR of 9.1% from 2017 to 2022. The market is witnessing high growth owing to the increasing number of applications, technological advancements, and growing demand for these resins in Asia-Pacific and South America regions. UV curable resins are largely used in coating applications. The rapid growth of the market is driven by environmental concerns and increasingly stringent regulations.

Years Considered for this Report

2015 – Historical Year
2016 – Base Year
2017 – Estimated Year
2022 – Projected Year

Objectives of the Study:

  • To analyze and forecast the UV curable resins & formulated products market in terms of volume and value
  • To define, describe, and segment the UV curable resins & formulated products market based on composition, chemistry, application, technology, and region
  • To forecast the size of each market segment in five major regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the UV curable resins & formulated products market
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall UV curable resins & formulated products market
  • To identify and analyze opportunities for stakeholders in the UV curable resins & formulated products market
  • To analyze competitive developments, such as agreements, expansions, partnerships, joint ventures, and new product launches in the UV curable resins & formulated products market
  • To strategically profile key players operating in the UV curable resins & formulated products market and comprehensively analyze their core competencies

Research Methodology

This study aims to estimate the market for UV curable resins & formulated products in 2017, and project its demand by 2022. It provides a detailed qualitative and quantitative analysis of the market. Various secondary sources, such as directories, industry journals, and databases, have been used to identify and collect information useful for an extensive, commercial study of the UV curable resins & formulated products market. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects of the UV curable resins & formulated products market.

UV Curable Resins & Formulated Products Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of the UV curable resins & formulated products industry starts with raw material manufacturers, followed by product manufacturers and end-use industries. The raw material manufacturing companies supply their products to UV curable resin manufacturers through distribution channels. The UV curable resin manufacturers produce resins from raw materials, which are used to manufacture coatings and inks for different end uses. The maximum value is added at the manufacturing stage as the formulated product composition knowledge is proprietary and is protected by patents. Some of the major UV curable resins manufacturers include Arkema Group (France), Allnex Group (Germany), Toagosei Co. Ltd. (Japan), BASF SE (Germany), Royal DSM (Netherlands), Covestro AG (Germany), Nippon Gohsei (Japan), Hitachi Chemical Company Ltd. (Japan), IGM Resins B.V. (Netherlands), and Miwon Specialty Chemical Co. Ltd. (South Korea).

Target audience:

  • Manufacturers of UV Curable Resins & Formulated Products
  • Manufacturers of Resins, Additives, Pigments, and Other Feedstock Chemicals
  • Manufacturers in End-use Industries such as Coatings, Overprint Varnish, Adhesives, Printing Inks, 3D Printing, and Others
  • Traders, Distributors, and Suppliers of UV Curable Resins & Formulated Products
  • Regional Manufacturers' Associations and General UV Curable Resins & Formulated Products Associations
  • Governments, Regional Agencies, and Research Organizations

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments and the competitive landscape of the market”

Scope of the Report:

The UV curable resins & formulated products market has been covered in detail in this report. The current market demand and forecasts have also been included to provide a comprehensive overview of the market. The UV curable resins & formulated products market is segmented as follows:

On the Basis of Composition:

  • Oligomers
  • Monomers
  • Photoinitiators
  • Additives

On the Basis of Chemistry:

  • Non-Acrylates & Oligoamines
  • Acrylates

On the Basis of Application:

  • Coatings
  • Overprint Varnish
  • Printing Inks
  • Adhesives
  • 3D Printing
  • Other Applications

On the Basis of Technology:

  • Solvent-borne UV
  • 100% Solids UV
  • Waterborne UV
  • Powder UV

On the Basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

The market is further analyzed according to key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

  • Product Analysis

Product matrix that gives a detailed comparison of product portfolio of each company

  • Regional Analysis

Further breakdown of the market in a particular region to country level

  • Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the UV Curable Resins and Formulated Products Market
    4.2 UV Curable Resins Market, By Region
    4.3 UV Curable Resins and Formulated Products Market in Asia-Pacific, By Composition and Country
    4.4 UV Curable Resins and Formulated Products Market Share, By Country, 2016
    4.5 UV Curable Resins and Formulated Products Market, By Application, 2016

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Environmental Awareness and Stringent Regulations
                    5.2.1.2 High Performance of UV Curable Resins
           5.2.2 Restraints
                    5.2.2.1 Need to Thermally Dry Sensitive Substrates
                    5.2.2.2 High Setting-Up Cost
           5.2.3 Opportunities
                    5.2.3.1 High Growth Prospects in 3D Printing, Digital Printing, Packaging, Barrier Films, and Printed Circuits Applications
           5.2.4 Challenges
                    5.2.4.1 Grain Raising in Wooden Substrates
                    5.2.4.2 Environmental Challenges With Respect to Wastewater Discharge
                    5.2.4.3 Finishing Defects Caused By Incomplete Drying
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macro Economic Overview
           5.4.1 Trends and Forecast of GDP
           5.4.2 Global Electronics Industry and Economic Outlook

6 UV Curable Reins and Formulated Products Market, By Composition (Page No. - 44)
    6.1 Introduction
    6.2 Oligomers
    6.3 Monomer
    6.4 Photoinitiators
    6.5 Additives

7 UV Curable Resins (Oligomers) Market, By Chemistry (Page No. - 50)
    7.1 Introduction
    7.2 Non-Acrylated & Oligoamines
    7.3 Acrylate Oligomers
           7.3.1 Epoxy Acrylates
           7.3.2 Polyether/Polyester Acrylates
           7.3.3 Urethane Acrylates
           7.3.4 Others

8 UV Curable Resins and Formulated Products Market, By Application (Page No. - 55)
    8.1 Introduction
    8.2 Coatings
           8.2.1 Wood & Paper Coatings
           8.2.2 Plastic Coatings
           8.2.3 Metal Coatings
    8.3 Overprint Varnish
    8.4 Printing Inks
    8.5 Adhesives
    8.6 3D Printing
    8.7 Other Applications

9 UV Curable Resins and Formulated Products Market Analysis, By Technology (Page No. - 65)
    9.1 Introduction
    9.2 Solventborne UV
    9.3 100% Solids UV
    9.4 Waterborne UV
    9.5 Powder UV

10 UV Curable Resins and Formulated Products Market, By Region (Page No. - 72)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 Sweden
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Russia
             10.3.7 Belgium
             10.3.8 France
             10.3.9 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 India
             10.4.5 Vietnam
             10.4.6 Malaysia
             10.4.7 Rest of Asia-Pacific
     10.5 Middle East & Africa
             10.5.1 UAE
             10.5.2 Turkey
             10.5.3 Saudi Arabia
             10.5.4 South Africa
             10.5.5 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 112)
     11.1 Overview
             11.1.1 Dynamic Differentiators
             11.1.2 Innovators
             11.1.3 Visionary Leaders
             11.1.4 Emerging Companies
     11.2 Competitive Benchmarking
             11.2.1 Product Offerings (25 Players)
             11.2.2 Business Strategy (25 Players)
Top 25 Companies Analyzed for This Study are - Arkema SA, Allnex Group, Toagosei Co. Ltd., BASF SE, DSM-AGI Corporation, Covestro AG, Nippon Gohsei, Hitachi Chemical Company Ltd., IGM Resins B.V., Miwon Specialty Chemical Co. Ltd., Alberdingk Boley GmbH, Jiangsu Sanmu Group Corporation, Wanhua Chemical Group Co., Ltd., Eternal Chemical Co. Ltd., Soltech Ltd., Dymax Corporation, Rahn AG, Perstorp Holding AB, Qualipoly Chemical Corporation, DIC Corporation, Double Bond Chemical Ind., Co., Ltd., Nagase Chemtex Corporation, CBC Co.,Ltd., Arakawa Chemical Industries, Ltd., Deuchem Co., Ltd.
     11.3 Market Ranking of Key Players, 2016

12 Company Profiles (Page No. - 117)
(Overview, Products and Services Offered, Product Offering, Business Strategies Scorecard, Recent Developments, and MnM View)*
     12.1 Arkema SA
     12.2 Allnex Group
     12.3 Toagosei Co. Ltd.
     12.4 BASF SE
     12.5 Royal DSM
     12.6 Covestro AG
     12.7 Nippon Gohsei
     12.8 Hitachi Chemical Company Ltd.
     12.9 IGM Resins B.V.
     12.10 Miwon Specialty Chemical Co. Ltd.
     12.11 Other Players
             12.11.1 Alberdingk Boley GmbH
             12.11.2 Jiangsu Sanmu Group Corporation
             12.11.3 Wanhua Chemical Group Co., Ltd.
             12.11.4 Eternal Chemical Co. Ltd
             12.11.5 Soltech Ltd
             12.11.6 Dymax Corporation
             12.11.7 Rahn AG
             12.11.8 Perstorp Holding AB
             12.11.9 Qualipoly Chemical Corporation
             12.11.10 DIC Corporation
             12.11.11 Double Bond Chemical Ind., Co., Ltd.
             12.11.12 Nagase Chemtex Corporation
             12.11.13 CBC Co., Ltd.
             12.11.14 Arakawa Chemical Industries, Ltd.
             12.11.15 Deuchem Co., Ltd.

*Details on Overview, Products and Services Offered, Product Offering, Business Strategies Scorecard, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 148)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available RT Snapshot
     13.6 Related Reports
     13.7 Author Details


List of Tables (95 Tables)

Table 1 UV Curable Resins and Formulated Products Market to Register High Growth Between 2017 and 2022
Table 2 Trends and Forecast of GDP Growth,% (2017–2022)
Table 3 UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 4 UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 5 Oligomers Market Size, By Region, 2015–2022 (Kilotons)
Table 6 UV Monomers Market Size, By Region, 2015–2022 (Kilotons)
Table 7 UV Photoinitiators Market Size, By Region, 2015–2022 (Kilotons)
Table 8 Additives Market Size, By Region, 2015–2022 (Kilotons)
Table 9 UV Curable Resins (Oligomers) Market Size, By Chemistry, 2015–2022 (Kilotons)
Table 10 UV Curable Resins (Oligomers) Market Size, By Chemistry, 2015–2022 (USD Million)
Table 11 UV Curable Resins (Acrylate Oligomers) Market Size, By Chemistry, 2015–2022 (Kilotons)
Table 12 UV Curable Resins (Acrylate Oligomers) Market Size, By Chemistry, 2015–2022 (USD Million)
Table 13 UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 14 UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 15 UV Curable Resins and Formulated Products Market Size in Coatings Application, By Region, 2015–2022 (Kilotons)
Table 16 UV Curable Resins and Formulated Products Market Size in Overprint Varnish Application, By Region, 2015–2022 (Kilotons)
Table 17 UV Curable Resins and Formulated Products Market Size in Printing Inks Application, By Region, 2015–2022 (Kilotons)
Table 18 UV Curable Resins and Formulated Products Market Size in Adhesives Application, By Region, 2015–2022 (Kilotons)
Table 19 UV Curable Resins and Formulated Products Market Size in 3D Printing Application, By Region, 2015–2022 (Kilotons)
Table 20 UV Curable Resins and Formulated Products Market Size in Other Applications, By Region, 2014–2021 (Kilotons)
Table 21 UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 22 UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 23 Solventborne UV Market Size, By Region, 2015–2022 (Kilotons)
Table 24 100% Solids UV Market Size, By Region, 2015–2022 (Kilotons)
Table 25 Waterborne UV Market Size, By Region, 2015–2022 (Kilotons)
Table 26 Powder UV Market Size, By Region, 2015–2022 (Kilotons)
Table 27 UV Curable Resins and Formulated Products Market Size, By Region, 2015–2022 (Kilotons)
Table 28 UV Curable Resins and Formulated Products Market Size, By Region, 2015–2022 (USD Million)
Table 29 North America: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (Kilotons)
Table 30 North America: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (USD Million)
Table 31 North America: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 32 North America: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 33 North America: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 34 North America: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 35 North America: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 36 North America: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 37 U.S.: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 38 Canada: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 39 Mexico: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 40 Europe: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (Kilotons)
Table 41 Europe: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (USD Million)
Table 42 Europe: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 43 Europe: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 44 Europe: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 45 Europe: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 46 Europe: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 47 Europe: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 48 Germany: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 49 U.K.: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 50 Sweden: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 51 Italy: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 52 Spain: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 53 Russia: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 54 Belgium: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 55 France: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 56 Rest of Europe: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 57 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (Kilotons)
Table 58 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (USD Million)
Table 59 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 60 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 61 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 62 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 63 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 64 Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 65 China: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 66 Japan: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 67 South Korea: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 68 India: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 69 Vietnam: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 70 Malaysia: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 71 Rest of Asia-Pacific: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 72 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (Kilotons)
Table 73 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (USD Million)
Table 74 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 75 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 76 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 77 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 78 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 79 Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 80 UAE: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 81 Turkey: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 82 Saudi Arabia: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 83 South Africa: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 84 Rest of Middle East & Africa: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 85 South America: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (Kilotons)
Table 86 South America: UV Curable Resins and Formulated Products Market Size, By Country, 2015–2022 (USD Million)
Table 87 South America: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (Kilotons)
Table 88 South America: UV Curable Resins and Formulated Products Market Size, By Composition, 2015–2022 (USD Million)
Table 89 South America: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 90 South America: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (USD Million)
Table 91 South America: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (Kilotons)
Table 92 South America: UV Curable Resins and Formulated Products Market Size, By Technology, 2015–2022 (USD Million)
Table 93 Brazil: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 94 Argentina: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)
Table 95 Rest of South America: UV Curable Resins and Formulated Products Market Size, By Application, 2015–2022 (Kilotons)


List of Figures (28 Figures)

Figure 1 UV Curable Resins and Formulated Products Market: Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Research Methodology: Data Triangulation
Figure 5 Additives to Register the Highest Growth Between 2017 and 2022
Figure 6 3D Printing to Register the Highest Growth Between 2017 and 2022
Figure 7 Waterborne UV to Register the Highest Growth Between 2017 and 2022
Figure 8 Asia-Pacific Dominated the UV Curable Resins and Formulated Products Market
Figure 9 UV Curable Resins and Formulated Products Market to Witness Rapid Growth Between 2017 and 2022
Figure 10 Asia-Pacific to Register the Highest Growth During the Forecast Period
Figure 11 China Accounted for the Largest Share of the UV Curable Resins and Formulated Products Market in Asia-Pacific
Figure 12 China Accounted for the Largest Share of the UV Curable Resins and Formulated Products Market
Figure 13 Coatings Accounted for the Largest Share in the UV Curable Resins and Formulated Products Market Globally
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the UV Curable Resins & Formulated Products Market
Figure 15 Monomers to Continue Dominating the Market Till 2022
Figure 16 Acrylate Oligomers to Continue Dominating the Market Till 2022
Figure 17 Coatings Application Segment Dominates UV Curable Resins and Formulated Products Market
Figure 18 100% Solid UV Curable to Dominate Overall Market Between 2017 and 2022
Figure 19 India, Vietnam, Malaysia, and China to Emerge as New Hotspots, 2017–2022
Figure 20 Asia-Pacific Market Snapshot: Demand to Be Driven By Various Environmental Regulations and Increasing Consumer Awareness
Figure 21 Competitive Leadership Mapping, 2016
Figure 22 Arkema SA: Company Snapshot
Figure 23 Toagosei Co. Ltd.: Company Snapshot
Figure 24 BASF SE: Company Snapshot
Figure 25 Royal DSM: Company Snapshot
Figure 26 Covestro AG: Company Snapshot
Figure 27 Nippon Gohsei: Company Snapshot
Figure 28 Hitachi Chemical Company Ltd.: Company Snapshot

The global UV curable resins & formulated products market is projected to reach USD 5.70 Billion by 2022, growing at a CAGR of 9.1% from 2017 to 2022, in terms of value. The key drivers for the market are environmental concerns, growing awareness, stringent regulations for VOC emissions, and high performance of UV curable resins owing to their superior mechanical properties.

The UV curable resins & formulated products market has been segmented based on composition, chemistry, application, technology, and region. Among compositions, the oligomers segment is projected to lead the UV curable resins & formulated products market during the forecast period, in terms of value. Oligomers such as acrylates are used to manufacture paper coatings, overprint varnish, wood coating, ink application (screen and offset) and are witnessing rapid growth in Asia-Pacific.

The coatings segment will continue to account for the highest demand for UV curable resins and formulated products. With legislators seeking reduction in 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 environment-friendly industrial coating systems. As a result, UV curing systems are becoming increasingly important. The use of UV coatings has increased significantly over the last decade in the electronics industry for mobile phones, laptops, and game console coatings. The main reason for this growth is the excellent performance that can be achieved with UV coatings, especially good wear resistance, outdoor durability, and resistance against household chemicals.

Asia-Pacific is the largest market for UV curable resins & formulated products, followed by Europe and North America. The market for UV curable resins & formulated products in Asia-Pacific is estimated to record high growth owing to the increasing demand from the electronics sector. This high growth is mainly attributed to the increasing consumer awareness about environmental concerns and adoption of stringent VOC emission norms.

UV Curable Resins & Formulated Products Market

The factors restraining the UV curable resins & formulated products market growth include the need to thermally dry sensitive substrates and high cost to set-up a high-performing water-based UV system. The initial costs of formulating and equipment can be higher than conventional coating technologies.

The key players in this market are Arkema SA (France), Allnex Group (Germany), Toagosei Co. Ltd. (Japan), BASF SE (Germany), Royal DSM N.V. (Netherlands), Covestro AG (Germany), Nippon Gohsei (Japan), Hitachi Chemical Company Ltd. (Japan), IGM Resins B.V. (Netherlands), and Miwon Specialty Chemical Co. Ltd (South Korea).

As a part of its business strategy, Allnex focuses on developing new products to differentiate its products from its competitors. It also participates in various conferences and exhibitions to highlight its products and technologies. The company undertook a few expansion activities to develop new markets for its products. It also invested in a new technical services & development (TS&D) laboratory in Shanghai to bring together its key technologies under one roof for synergies and resource sharing in technical developments. The company invested in a new technology center in the Americas to accelerate its growth in key markets and further globalize its business.

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