Global UV Curable Resins Market Overview:
UV Curable Resins have many Advantages over Conventional Resins in Terms of Less Energy Consumption & Equipment Space, Reduced Waste, Less Emission, Higher Productivity (Fast Cure) & Lower Temperature Treatment. Also, UV Curable Resins usually do not Contain Any Organic Solvents that have an Adverse Effect on the Environment. UV Curable Resins were Developed to Meet the Stringent Regulations in Europe & North America & to Decrease Air Pollution as Well as Energy Consumption. They have Found Widespread Adoption, Owing to their High Productivity, Ease of Application, & Low Impact on the Environment
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growth in the Construction Industry Utilising Products Made from UV Curable Resin like Paints & Industrial Coatings
- Rise of the Automotive Sector using Products such as Adhesives & Inks, Manufactured using UV Curable Resin for Various Applications, owing to the High Resistance of UV Curable Resin to Chemical Corrosion & Heat
Roadblocks
- The Main Limitation of UV Curable Resin is the Limited Light Penetration Depth which Depends on the Wavelength & Spectral Distribution & Usually Does Not Exceed a Few Millimetres
Opportunities
- There is an Increased Opportunity for the Usage of UV Curable Resin, in Print & Packaging Industry
- There are Prospects for the Growth of UV Curable Resin, due to its Rising Applications in the Electronics Industry
Challenges
- Presence of the Substitute Resin in the Market may pose a Challenge
Competitive Landscape:
The Market for the UV Curable Resin is Fragmented with the Presence of Many Players. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report 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). Additionally, following companies can also be profiled that are part of our coverage like DIC Corporation (Japan), Dsm-Agi Corp (Taiwan), Eternal Materials Co Ltd (Taiwan), Dymax Corporation (United States) and Sartomer (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global UV Curable Resins market by 2027. Considering Market by Technology, the sub-segment i.e. Solventborne UV will boost the UV Curable Resins market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the UV Curable Resins market.
What Can be Explored with the UV Curable Resins Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global UV Curable Resins Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in UV Curable Resins
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global UV Curable 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, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in UV Curable Resins market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of 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 Manufacturers of UV Curable Resin, Traders, Distributors, & Suppliers, Exporters & Importers, Government & Research Organizations and Others.
This helps us to gather the data related to 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 includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.