What is Photocurable Resins?
The photocurable resins market is experiencing massive growth that is expected to continue in the near time, majorly owing to the highly growing Asia Pacific region and extreme efforts for promoting environment-friendly products. There are huge investments made by various industry players in terms to balance the supply and demand and captures the high potential opportunities in the future, driving in growth of the global photocurable resins industry. In this sector, Asia Pacific is the leading regional market in the global photocurable resins market, that is accounted for more than half of the global demand. Among all the high growth markets including China.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Cytec (United States), Total (France), Arkema (France), BASF SE (Germany), IGM Resins B.V (The Netherlands), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (United States), The Sherwin-Williams Company (United States) and Evonik Industries AG (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Monomers {Multifunctional Acrylic Esters, Others}, Oligomers {Epoxy, Urethane, Polyester Acrylates, Others} and Photoinitiators) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Photocurable Resins market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Photocurable Resins market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Cytec (United States), Total (France), Arkema (France), BASF SE (Germany), IGM Resins B.V (The Netherlands), DSM (Netherlands), Allnex Netherlands B.V. (Germany), Dow (United States), The Sherwin-Williams Company (United States) and Evonik Industries AG (Germany).
Market Overview:
In 2020, Sartomer established a partnership with Continuous Composites to combine Continuous Composites’ patented Continuous Fiber 3D Printing (CF3D) technology with Sartomer’s N3xtDimension photocurable resins. With this strategic association, both companies benefitted in terms of their production capabilities. and In 2020, Allnex, the leading supplier of specialty chemicals launched PHENODUR® PR 616/65B, a new, eco-friendly phenolic resin. It is mainly useful for interior and exterior coatings with a very low free formaldehyde value of < 0.1%. The company is known for offering a broad range of coating resins, additives, and crosslinkers for use on wood, metal, plastic, and other surfaces. With this launch, the company has expanded its portfolio.
There are various companies that are operating in this market in new geographic regions by adopting numerous market strategies mergers & acquisitions, expansions, investments, new product launches, and collaborations as their business strategies. The market-leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail a competitive advantage through combined initiatives.
Photocurable Resins Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Use of Environmentally Friendly Products
- The Rise Requirement from End-Use Sectors
- Durable Coatings with Better Performance and Aesthetics
- Another Reason Behind its Adoption is its Lower Price and Higher Efficiency in Use
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Major Trends | - Increase in Investment in Research and Development
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Restraints | - Volatile Raw Material Prices and Fluctuation in Demand Due to Competition from Other Industries Using Resins
- Reduced Export Demand from European Economies
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Road Blocks / Challenges | - High Cost Associated with Photocurable Resins
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Gaps & Opportunities | - Increase Adoption of Photocurable Resin Solution Across in Ink Manufacturing, Constant Improvements in the Industry and Development in Application of UV Curable Ink in Packaging Printing Industry.
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Key highlights of the Global Photocurable Resins market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Photocurable Resins market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Photocurable Resins market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Photocurable Resins Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Photocurable Resins market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Photocurable Resins market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Photocurable Resins Providers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.