HOME Research Insight Arkema SA (France) and Allnex Group (Germany) are the Key Players in UV Curable Resins & Formulated Products Market

Arkema SA (France) and Allnex Group (Germany) are the Key Players in UV Curable Resins & Formulated Products Market

The report analyzes the key growth strategies adopted by market players between 2011 and 2017 to expand their global presence and increase their share in the global UV curable resins & formulated products market. 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) are the key leading players of the market.

New product launches, expansions, and mergers & acquisitions are the key strategies adopted by industry players to achieve growth in the UV curable resins & formulated products market. These strategies accounted for a share of 62%, 21%, and 18% respectively of all the growth strategies adopted by the market players. The rising demand for environment-friendly wood coatings and high growth of the plastic coatings industry in developed countries encourage companies to adopt these strategies. The market players are focusing on entering new markets by launching technologically advanced and innovative resins for different applications. Allnex Group (Germany), BASF SE (Germany), Arkema SA (France), and Miwon Specialty Chemical Co. Ltd. (South Korea) are some of the leading players that have adopted these strategies to develop their business.

In October 2015, Allnex launched two new UV resins, EBECRYL 8602 and EBECRYL 8415 high functionality urethane acrylates that are used for hard coat applications. This helped the company expand its portfolio for various end-use industries.

Arkema SA introduced CN9030 oligomer in August 2015. Its unique composition helps provide a weatherable top coat in high-performance UV/EB cure coating applications. This also helps produce strong, flexible films for challenging materials such as metals and plastics.

In July 2013, Allnex acquired Bayer MaterialScience AG’s DESMOLUX product range. It included non-waterborne radiation curing acrylated resins and radiation curing unsaturated polyesters in acrylated diluents. This move helped the company develop new markets for Radcure, increase its presence in new applications, and globalize the DESMOLUX business. This also enabled the company to enhance its technology leadership.

Related 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

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