“The UV curable resins & formulated products market is projected to register a CAGR of 9.1% during the forecast period, in terms of value.”
The global UV curable resins & formulated products market is projected to reach USD 5.70 billion by 2031, registering a CAGR of 9.1% from 2022 to 2031.
In recent years, coating formulators and manufacturers are seeking environment-friendly green coating alternatives that have similar or better performance than conventional solvent-borne systems because of government regulations and public environmental awareness and concerns. UV curable resins have many advantages, such as little-to-no VOC, low odor, non-toxicity, no skin irritation, and safer production. However, the need to thermally dry sensitive substrates and high set-up cost for a high-performing water-based UV system are some of the major restraints for the UV curable resins & formulated products market.
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“Coatings segment to dominate the UV curable resins & formulated products market”
The coatings segment will continue to represent the bulk of the demand for UV curable resins as the physical and chemical properties of UV chemistry permit excellent gloss and viscosity control, and therefore, application is easy with minimal or no process issues with VOCs/HAPs. UV curable coatings have outperformed the coatings market growth consistently over a period of time, and have turned out to be a sustainable and high growth technology in the coatings industry. This high growth in the demand for UV curable coatings is majorly due to its high performance and excellent environmental and safety profile.
“Asia-Pacific: The largest market for UV curable resins and formulated products”
Asia-Pacific accounted for the largest share of the UV curable resins & formulated products market in 2022. Factors such as evolving environmental & regulatory scenario, increasing consumer awareness (including sensitivity to health and safety), volatile oil prices, and pressure from flagship companies wanting to improve the environmental performance of their supply chain have led to the increasing demand for UV curable resins and formulated products in the Asia-Pacific region.
This study has been validated through primaries conducted with various industry experts worldwide. These primary sources have been divided into three categories, namely, by company, by designation, and by region.
• By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 45%, Europe – 30%, Asia-Pacific – 20%, and RoW – 5%
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Companies Profiled in the Report
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)
Miwon Specialty Chemical Co. Ltd (South Korea)
Alberdingk Boley GmbH (Germany)
Jiangsu Sanmu Group Corporation (China)
Wanhua Chemical Group Co., Ltd. (China)
Eternal Chemical Co. Ltd. (Taiwan)
Soltech Ltd. (South Korea)
Dymax Corporation (US)
RAHN AG (Sweden)
Perstorp Holding AB (Sweden)
Qualipoly Chemical Corporation (Taiwan)
DIC Corporation (Japan)
Double Bond Chemical Ind., Co., Ltd. (Taiwan)
Nagase ChemteX Corporation (Japan)
CBC Co., Ltd. (Japan)
Arakawa Chemical Industries, Ltd. (Japan)
Deuchem Co., Ltd. (Taiwan)
This report covers the UV curable resins & formulated products market, in terms of volume and value, and forecasts the market size till 2031. The report includes market segmentation based on composition, chemistry, application, technology, and region. It also provides company profiles and competitive strategies adopted by key players in the market.
Reasons to Buy the Report
Comprehensive coverage and analysis of the UV curable resins & formulated products market in Asia-Pacific, Europe, North America, Middle East & Africa, and South America
Competitive landscape of the market and strategic developments of the major market players
A list of VOC regulations driving the market in key countries and regions
Identifying high-potential opportunities for UV curable resins
Identifying and targeting high-growth application segments
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For more information, please contact:Lauren Brown
Shibuya Data Count
Tel: + 81 50 50509159
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