US Waterborne UV Curable Resins Market (2023-2029) Size, Share, Trends, Companies, Forecast, Value, COVID-19 Impact, Analysis, Growth, Revenue & Industry: Market Forecast By Chemistry, By Application and Competitive Landscape

United States Waterborne UV Curable Resins Market Synopsis

From 2019 to 2022, the United States waterborne UV-curable resins market demonstrated consistent and robust growth. This growth can be attributed to several key factors, most notably the remarkable increase in the number of households. The count of households in the US expanded from 124.59 million in 2015 to an impressive 131.2 million by 2022, playing a pivotal role in driving the market's progress. Additionally, the influx of the migrant population also contributed significantly to the market's expansion, with 46.2 million migrants recorded in 2022, marking a notable increase from the 44.9 million figure in 2019. However, it's important to note that in 2020, during the COVID-19 pandemic, the market experienced a temporary setback. Market revenues declined by 8.9% due to the significant economic slowdown across the nation, largely stemming from widespread lockdown measures implemented to curb the spread of the virus.
According to this research, the US Waterborne UV Curable Resins Market is projected to grow at a CAGR of 11.2% during 2023-2029. The United States waterborne UV-curable resins industry is poised for remarkable growth, underpinned by a multitude of compelling factors. Notably, the mounting concerns surrounding environmental sustainability, surging demand for high-performance and eco-friendly coatings, and the ever-widening array of applications for these resins are expected to serve as primary growth drivers. Furthermore, the United States stands out with its thriving residential sector, with New York City taking the spotlight as the nation's largest urban population centre. Moreover, states such as Idaho, Arizona, Nevada, Utah, and Texas are emerging as the fastest-growing regions in the U.S., characterized by rapidly expanding population bases. A significant opportunity on the horizon for the United States Waterborne UV Curable Resins Market lies in the burgeoning consumer electronics sector within the country. This opportunity is driven by the increasing demand for these specialized resins, which are increasingly sought after for their pivotal role in the manufacturing of electronic devices and these are playing a significant role in the United States Waterborne UV Curable Resins market growth.

Market by Chemistry

In 2022, Urethane Acrylate claimed a significant share of revenues in the Waterborne UV Curable Resins Market in the United States by chemistry owing to its exceptional performance, environmental compliance, strong presence in key industries such as automotive, construction, and packaging, regulatory alignment, technological advancements, and growing consumer preference for eco-friendly products.

Market by Applications

In 2022, wood applications held a substantial share of revenues in the United States Waterborne UV Curable Resins Market on the back of the growing emphasis on sustainability, the durability and aesthetic appeal of wood, regulatory compliance with low-VOC standards, efficiency gains, cost-effectiveness, high market demand for wood products, and ongoing technological advancements in UV-curable coatings.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years of Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• United States Waterborne UV Curable Resins Market Overview
• United States Waterborne UV Curable Resins Market Outlook
• United States Waterborne UV Curable Resins Market Forecast
• Historical Data and Forecast of United States Waterborne UV Curable Resins Market Revenues, for the Period 2019-2029F
• Historical Data and Forecast of United States Waterborne UV Curable Resins Market Revenues, By Chemistry, for the Period 2019-2029F
• Historical Data and Forecast of United States Waterborne UV Curable Resins Market Revenues, By Applications, for the Period 2019-2029F
• Historical Data and Forecast of United States Waterborne UV Curable Resins Market Revenues, By Regions, for the Period 2019-2029F
• United States Waterborne UV Curable Resins Market Revenue Share, By Market Players
• United States Waterborne UV Curable Resins Market Trends
• United States Waterborne UV Curable Resins Market Porters Five Forces
• United States Waterborne UV Curable Resins Opportunity Assessment, By Chemistry, 2029F
• United States Waterborne UV Curable Resins Opportunity Assessment, By Applications, 2029F
• Market Drivers and Restraints
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Chemistry

• Urethane Acrylate
• Blend

By Applications

• Wood
• Plastics
• Graphics
• Opto & Electronics
• Foil and Inks