HOME Top Market Reports UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylates & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecast to 2023

UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylates & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: CH 2217

 

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[165 Pages Report] global UV curable resins & formulated products market was valued at USD 3.69 Billion in 2017 and is projected to reach USD 6.31 Billion by 2023, at a CAGR of 9.5% from 2018 to 2023. The market is witnessing high growth, owing to increasing applications, technological advancements, and growing demand for these resins in Asia Pacific and South America. UV curable resins are largely used in the coating application. The rapid growth of the market is driven by environmental concerns and increasingly stringent regulations on VOC emissions.

Years considered for this report

  • 2016 – Historical Year
  • 2017 – Base Year
  • 2018 – Estimated Year
  • 2023 – 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 on the basis of composition, chemistry, application, technology, and region
  • To forecast the size of each market segment in 5 major regions, namely North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the UV curable resins & formulated products market
  • To strategically analyze segmented markets with respect to individual growth trends, future 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 for 2017, and project its demand till 2023. It provides a detailed qualitative and quantitative analysis of the market. Various secondary sources, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, RadTech, government and private company websites, and other associations, 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

Key players in the global market include Arkema (France), Allnex (Germany), Toagosei (Japan), BASF (Germany), Royal DSM (Netherlands), Covestro (Germany), Nippon Gohsei (Japan), Hitachi Chemical Company (Japan), IGM Resins (Netherlands), and Miwon Specialty Chemical (South Korea).

Target Audience:

  • Manufacturers of radiation curable coatings
  • Manufacturers of resins, additives, pigments, and other feedstock chemical manufacturers
  • Manufacturers in end-use industries, such as coatings, overprint varnish, adhesives, printing inks, 3D printing, and others
  • Traders, distributors, and suppliers of radiation curable coatings
  • Regional manufacturers' associations and general radiation curable associations
  • Government and 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 complete picture. The UV curable 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:

  • Solventborne UV
  • Waterborne UV
  • 100% solids 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 UV curable resins & formulated products market in a particular region to a country level

  • Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    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. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the UV Curable Resins and Formulated Products Market
    4.2 UV Curable Resins and Formulated Products Market, By Region
    4.3 UV Curable Resins and Formulated Products Market in APAC
    4.4 UV Curable Resins and Formulated Products Market Share, By Country, 2017
    4.5 UV Curable Resins and Formulated Products Market, By Application, 2017

5 Market Overview (Page No. - 37)
    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 Circuit Applications
           5.2.4 Challenges
                    5.2.4.1 Grain Raising in Wooden Substrates
                    5.2.4.2 Environmental Challenges With Regard 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 Macroeconomic Overview and Key Drivers
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Global Electronics Industry and Economic Outlook

6 UV LED Curable Inks & Coatings (Page No. - 47)
    6.1 Introduction
    6.2 Technological Advancements
           6.2.1 Light Emitting Diodes (LEDs) Lamps
           6.2.2 Arrays
           6.2.3 Optics
           6.2.4 Cooling
    6.3 UV LED Curing Technology, By Industry
           6.3.1 Wood
           6.3.2 Automotive
           6.3.3 Industrial
           6.3.4 Printing
    6.4 Industry Trends

7 UV Curable Resins and Formulated Products Market, By Composition (Page No. - 50)
    7.1 Introduction
    7.2 Oligomers
    7.3 Monomers
    7.4 Photoinitiators
    7.5 Additives

8 UV Curable Resins (Oligomers) Market, By Chemistry (Page No. - 57)
    8.1 Introduction
    8.2 Non Acrylates & Oligoamines
    8.3 Acrylate Oligomers
           8.3.1 Epoxy Acrylates
           8.3.2 Polyether/Polyester Acrylates
           8.3.3 Urethane Acrylates
           8.3.4 Others

9 UV Curable Resins and Formulated Products Market, By Application (Page No. - 62)
    9.1 Introduction
    9.2 Coatings
           9.2.1 Wood & Paper Coatings
                    9.2.1.1 Benefits of Radiation Curable Wood Coatings
                    9.2.1.2 Drawbacks of Radiation Curable Wood Coatings
                    9.2.1.3 Benefits of Waterborne UV Wood Coatings
                    9.2.1.4 Drawback of Waterborne UV Wood Coatings
           9.2.2 Plastic Coatings
           9.2.3 Metal Coatings
                    9.2.3.1 Benefits of UV Curable Metal Coatings
    9.3 Overprint Varnishes
    9.4 Printing Inks
           9.4.1 Benefits of UV Inks
    9.5 Adhesives
    9.6 3D Printing
    9.7 Others

10 UV Curable Resins and Formulated Products Market, By Technology (Page No. - 74)
     10.1 Introduction
     10.2 Solventborne UV Curable Resins
     10.3 100% Solids UV Curable Resins
     10.4 Waterborne UV Curable Resins
     10.5 Powder UV Curable Resins

11 UV Curable Resins and Formulated Products Market, By Region (Page No. - 82)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 UK
             11.3.3 Sweden
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Russia
             11.3.7 Belgium
             11.3.8 France
             11.3.9 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Vietnam
             11.4.6 Malaysia
             11.4.7 Rest of APAC
     11.5 Middle East & Africa
             11.5.1 UAE
             11.5.2 Turkey
             11.5.3 Saudi Arabia
             11.5.4 South Africa
             11.5.5 Rest of Middle East & Africa
     11.6 South America
             11.6.1 Brazil
             11.6.2 Argentina
             11.6.3 Rest of South America

12 Competitive Landscape (Page No. - 130)
     12.1 Overview
     12.2 Market Ranking of Key Players, 2017

13 Company Profiles (Page No. - 131)
(Overview, Products Offered, Recent Developments)*
     13.1 Arkema SA
     13.2 Allnex Group
     13.3 Toagosei Co. Ltd.
     13.4 BASF SE
     13.5 Royal DSM
     13.6 Covestro AG
     13.7 Nippon Gohsei
     13.8 Hitachi Chemical Company Ltd.
     13.9 IGM Resins B.V.
     13.10 Miwon Specialty Chemical Co. Ltd.
     13.11 Lambson Limited
     13.12 Alberdingk Boley GmbH
     13.13 Jiangsu Sanmu Group Corporation
     13.14 Wanhua Chemical Group Co., Ltd.
     13.15 Eternal Chemical Co. Ltd
     13.16 Soltech Ltd.
     13.17 Dymax Corporation
     13.18 Rahn AG
     13.19 Perstorp Holding Ab
     13.20 Qualipoly Chemical Corporation
     13.21 DIC Corporation
     13.22 Double Bond Chemical Ind., Co., Ltd.
     13.23 Nagase Chemtex Corporation
     13.24 CBC Co., Ltd.
     13.25 Arakawa Chemical Industries, Ltd.
     13.26 Deuchem Co., Ltd.
     13.27 Siltech Corporation
     13.28 BYK-Chemie GmbH
     13.29 Nissan Chemical Industries, Ltd.

*Details on Overview, Products Offered, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 155)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Rt Snapshot
     14.6 Related Reports
     14.7 Author Details


List of Tables (136 Tables)

Table 1 UV Curable Resins and Formulated Products Market to Record High Growth Between 2018 and 2023
Table 2 GDP Growth Trends and Forecasts (%), 2017–2022
Table 3 UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (Kiloton)
Table 4 UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (USD Million)
Table 5 Oligomers Market Size, By Region, 2016–2023 (Kiloton)
Table 6 Oligomers Market Size, By Region, 2016–2023 (USD Million)
Table 7 Monomers Market Size, By Region, 2016–2023 (Kiloton)
Table 8 Monomers Market Size, By Region, 2016–2023 (USD Million)
Table 9 Photoinitiators Market Size, By Region, 2016–2023 (Kiloton)
Table 10 Photoinitiators Market Size, By Region, 2016–2023 (USD Million)
Table 11 Additives Market Size, By Region, 2016–2023 (Kiloton)
Table 12 Additives Market Size, By Region, 2016–2023 (USD Million)
Table 13 UV Curable Resins (Oligomers) Market Size, By Chemistry, 2016–2023 (Kiloton)
Table 14 UV Curable Resins (Oligomers) Market Size, By Chemistry, 2016–2023 (USD Million)
Table 15 UV Curable Resins (Acrylate Oligomers) Market Size, By Chemistry, 2016–2023 (Kiloton)
Table 16 UV Curable Resins (Acrylate Oligomers) Market Size, By Chemistry, 2016–2023 (USD Million)
Table 17 UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 18 UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 19 UV Curable Resins and Formulated Products Market Size in Coatings, By Region, 2016–2023 (Kiloton)
Table 20 UV Curable Resins and Formulated Products Market Size in Coatings, By Region, 2016–2023 (USD Million)
Table 21 UV Curable Resins and Formulated Products Market Size in Overprint Varnishes, By Region, 2016–2023 (Kiloton)
Table 22 UV Curable Resins and Formulated Products Market Size in Overprint Varnishes, By Region, 2016–2023 (USD Million)
Table 23 UV Curable Resins and Formulated Products Market Size in Printing Inks, By Region, 2016–2023 (Kiloton)
Table 24 UV Curable Resins and Formulated Products Market Size in Printing Inks, By Region, 2016–2023 (USD Million)
Table 25 UV Curable Resins and Formulated Products Market Size in Adhesives, By Region, 2016–2023 (Kiloton)
Table 26 UV Curable Resins and Formulated Products Market Size in Adhesives, By Region, 2016–2023 (USD Million)
Table 27 UV Curable Resins and Formulated Products Market Size in 3D Printing, By Region, 2016–2023 (Kiloton)
Table 28 UV Curable Resins and Formulated Products Market Size in 3D Printing, By Region, 2016–2023 (USD Million)
Table 29 UV Curable Resins and Formulated Products Market Size in Other Applications, By Region, 2016–2023 (Kiloton)
Table 30 UV Curable Resins and Formulated Products Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 31 UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (Kiloton)
Table 32 UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (USD Million)
Table 33 Solventborne UV Curable Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 34 Solventborne UV Curable Resins Market Size, By Region, 2016–2023 (USD Million)
Table 35 100% Solids UV Curable Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 36 100% Solids UV Curable Resins Market Size, By Region, 2016–2023 (USD Million)
Table 37 Waterborne UV Curable Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 38 Waterborne UV Curable Resins Market Size, By Region, 2016–2023 (USD Million)
Table 39 Powder UV Curable Resins Market Size, By Region, 2016–2023 (Kiloton)
Table 40 Powder UV Curable Resins Market Size, By Region, 2016–2023 (USD Million)
Table 41 UV Curable Resins and Formulated Products Market Size, By Region, 2016–2023 (Kiloton)
Table 42 UV Curable Resins and Formulated Products Market Size, By Region, 2016–2023 (USD Million)
Table 43 North America: UV Curable Resins and Formulated Products Market Size, By Country, 2016–2023 (Kiloton)
Table 44 North America: UV Curable Resins and Formulated Products Market Size, By Country, 2016–2023 (USD Million)
Table 45 North America: UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (Kiloton)
Table 46 North America: UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (USD Million)
Table 47 North America: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 48 North America: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 49 North America: UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (Kiloton)
Table 50 North America: UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (USD Million)
Table 51 US: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 52 US: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 53 Canada: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 54 Canada: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 55 Mexico: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 56 Mexico: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 57 Europe: UV Curable Resins and Formulated Products Market Size, By Country, 2016–2023 (Kiloton)
Table 58 Europe: UV Curable Resins and Formulated Products Market Size, By Country, 2016–2023 (USD Million)
Table 59 Europe: UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (Kiloton)
Table 60 Europe: UV Curable Resins and Formulated Products Market Size, By Composition, 2016–2023 (USD Million)
Table 61 Europe: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 62 Europe: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 63 Europe: UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (Kiloton)
Table 64 Europe: UV Curable Resins and Formulated Products Market Size, By Technology, 2016–2023 (USD Million)
Table 65 Germany: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 66 Germany: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 67 UK: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 68 UK: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 69 Sweden: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 70 Sweden: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 71 Italy: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 72 Italy: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 73 Spain: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (Kiloton)
Table 74 Spain: UV Curable Resins and Formulated Products Market Size, By Application, 2016–2023 (USD Million)
Table 75 Russia: By Market Size, By Application, 2016–2023 (Kiloton)
Table 76 Russia: By Market Size, By Application, 2016–2023 (USD Million)
Table 77 Belgium: By Market Size, By Application, 2016–2023 (Kiloton)
Table 78 Belgium: By Market Size, By Application, 2016–2023 (USD Million)
Table 79 France: By Market Size, By Application, 2016–2023 (Kiloton)
Table 80 France: By Market Size, By Application, 2016–2023 (USD Million)
Table 81 Rest of Europe: By Market Size, By Application, 2016–2023 (Kiloton)
Table 82 Rest of Europe: By Market Size, By Application, 2016–2023 (USD Million)
Table 83 APAC: By Market Size, By Country, 2016–2023 (Kiloton)
Table 84 APAC: By ducts Market Size, By Country, 2016–2023 (USD Million)
Table 85 APAC: By Market Size, By Composition, 2016–2023 (Kiloton)
Table 86 APAC: By Market Size, By Composition, 2016–2023 (USD Million)
Table 87 APAC: By Market Size, By Application, 2016–2023 (Kiloton)
Table 88 APAC: By Market Size, By Application, 2016–2023 (USD Million)
Table 89 APAC: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 90 APAC: By Market Size, By Technology, 2016–2023 (USD Million)
Table 91 China: By Market Size, By Application, 2016–2023 (Kiloton)
Table 92 China: By Market Size, By Application, 2016–2023 (USD Million)
Table 93 Japan: By  Market Size, By Application, 2016–2023 (Kiloton)
Table 94 Japan: By Market Size, By Application, 2016–2023 (USD Million)
Table 95 South Korea: By Market Size, By Application, 2016–2023 (Kiloton)
Table 96 South Korea: By Market Size, By Application, 2016–2023 (USD Million)
Table 97 India: By Market Size, By Application, 2016–2023 (Kiloton)
Table 98 India: By Market Size, By Application, 2016–2023 (USD Million)
Table 99 Vietnam: By Market Size, By Application, 2016–2023 (Kiloton)
Table 100 Vietnam: By Market Size, By Application, 2016–2023 (USD Million)
Table 101 Malaysia: By Market Size, By Application, 2016–2023 (Kiloton)
Table 102 Malaysia: By Market Size, By Application, 2016–2023 (USD Million)
Table 103 Rest of APAC: By Market Size, By Application, 2016–2023 (Kiloton)
Table 104 Rest of APAC: By Market Size, By Application, 2016–2023 (USD Million)
Table 105 Middle East & Africa: By  Market Size, By Country, 2016–2023 (Kiloton)
Table 106 Middle East & Africa: By Market Size, By Country, 2016–2023 (USD Million)
Table 107 Middle East & Africa: By Market Size, By Composition, 2016–2023 (Kiloton)
Table 108 Middle East & Africa: By Market Size, By Composition, 2016–2023 (USD Million)
Table 109 Middle East & Africa: By Market Size, By Application, 2016–2023 (Kiloton)
Table 110 Middle East & Africa: By Market Size, By Application, 2016–2023 (USD Million)
Table 111 Middle East & Africa: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 112 Middle East & Africa: By  Market Size, By Technology, 2016–2023 (USD Million)
Table 113 UAE: By Market Size, By Application, 2016–2023 (Kiloton)
Table 114 UAE: By Market Size, By Application, 2016–2023 (USD Million)
Table 115 Turkey: By Market Size, By Application, 2016–2023 (Kiloton)
Table 116 Turkey: By Market Size, By Application, 2016–2023 (USD Million)
Table 117 Saudi Arabia: By Market Size, By Application, 2016–2023 (Kiloton)
Table 118 Saudi Arabia: By Market Size, By Application, 2016–2023 (USD Million)
Table 119 South Africa: By Market Size, By Application, 2016–2023 (Kiloton)
Table 120 South Africa: By Market Size, By Application, 2016–2023 (USD Million)
Table 121 Rest of Middle East & Africa: By Market Size, By Application, 2016–2023 (Kiloton)
Table 122 Rest of Middle East & Africa: By Market Size, By Application, 2016–2023 (USD Million)
Table 123 South America: By Market Size, By Country, 2016–2023 (Kiloton)
Table 124 South America: By Market Size, By Country, 2016–2023 (USD Million)
Table 125 South America: By Market Size, By Composition, 2016–2023 (Kiloton)
Table 126 South America: By Market Size, By Composition, 2016–2023 (USD Million)
Table 127 South America: By Market Size, By Application, 2016–2023 (Kiloton)
Table 128 South America: By Market Size, By Application, 2016–2023 (USD Million)
Table 129 South America: By Market Size, By Technology, 2016–2023 (Kiloton)
Table 130 South America: By Market Size, By Technology, 2016–2023 (USD Million)
Table 131 Brazil: By Market Size, By Application, 2016–2023 (Kiloton)
Table 132 Brazil: By Market Size, By Application, 2016–2023 (USD Million)
Table 133 Argentina: By Market Size, By Application, 2016–2023 (Kiloton)
Table 134 Argentina: By Market Size, By Application, 2016–2023 (USD Million)
Table 135 Rest of South America: By Market Size, By Application, 2016–2023 (Kiloton)
Table 136 Rest of South America: By Market Size, By Application, 2016–2023 (USD Million)


List of Figures (27 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 Composition Segment to Record the Highest Growth Between 2018 and 2023
Figure 6 3D Printing Application to Record the Highest Growth Between 2018 and 2023
Figure 7 Waterborne UV Resins to Record the Highest Growth Between 2018 and 2023
Figure 8 APAC to Lead the UV Curable Resins and Formulated Products Market
Figure 9 UV Curable Resins and Formulated Products Market to Witness Rapid Growth Between 2018 and 2023
Figure 10 APAC to Register the Highest Growth During the Forecast Period
Figure 11 China Accounted for the Largest Share of the Market in the Region
Figure 12 China Accounted for the Largest Share of the Market
Figure 13 Coatings Accounted for the Largest Share in the Market
Figure 14 Overview of the Factors Governing the UV Curable Resins and Formulated Products Market
Figure 15 Monomers Segment to Continue Leading the UV Curable Resins and Formulated Products Market Till 2023
Figure 16 Acrylate Oligomers to Continue Dominating the Market Between 2018 and 2023
Figure 17 Coatings Segment to Lead the UV Curable Resins and Formulated Products Market
Figure 18 100% Solids UV Curable Resins Segment to Lead the Market Between 2018 and 2023
Figure 19 India, Vietnam, Malaysia, and China to Emerge as New Hotspots, 2018–2023
Figure 20 APAC: UV Curable Resins and Formulated Products Market Snapshot
Figure 21 Arkema SA: Company Snapshot
Figure 22 Toagosei Co. Ltd.: Company Snapshot
Figure 23 BASF SE: Company Snapshot
Figure 24 Royal DSM: Company Snapshot
Figure 25 Covestro AG: Company Snapshot
Figure 26 Nippon Gohsei: Company Snapshot
Figure 27 Hitachi Chemical Company Ltd.: Company Snapshot

The global UV curable resins & formulated products market is estimated to be USD 4.00 Billion in 2018 and is projected to reach USD 6.31 Billion by 2023, at a CAGR of 9.5% from 2018 to 2023. Factors driving the market are environmental concerns, growing awareness about safety and health, stringent regulations on VOC emissions, and high performance of UV curable resins owing to its superior mechanical properties.

The UV curable resins & formulated products market has been segmented on the basis of 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 for manufacturing paper coatings, overprint varnish, wood coating, in ink application (screen and offset), and is expected to witness increased demand in Asia Pacific.

The coatings application segment is expected to lead the UV curable resins & formulated products market during the forecast period. With legislators seeking to reduce solvent emissions from the coating process through laws such as the Solvent Emissions Directive (SED) and the Decopaint Directive (DPD), there is a rising trend toward the use of 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 of the UV coatings, such as good wear resistance, outdoor durability, and resistance against household chemicals.

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

UV Curable Resins & Formulated Products Market

Factors restraining market growth include the need to thermally dry sensitive substrates and high setting-up cost of the UV coating manufacturing plant. The high cost is an obstacle to setting up a high-performing water-based UV system. The initial cost of formulating and equipment can be higher than the cost incurred on conventional coating technologies.

The UV curable resins & formulated products market is led by various players depending on their core competencies. Key players in this market are Arkema (France), Allnex (Germany), Toagosei (Japan), BASF (Germany), Royal DSM (Netherlands), Covestro (Germany), Nippon Gohsei (Japan), Hitachi Chemical Company (Japan), IGM Resins (Netherlands), and Miwon Specialty Chemical (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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