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UV Curable Resin Market by Resin Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4845525
  • Report
  • August 2019
  • Region: Global
  • 276 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Allnex Belgium S.A.
  • BASF SE
  • DSM-AGI
  • Dymax
  • Eternal Materials
  • Hitachi Chemical
The global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026. Resins that are polymerized and cured by the energy radiated from ultraviolet irradiation devices are referred as UV curable resins. These resins majorly find their application in coatings, graphic arts, adhesives, and other related industries.



The growth of the global UV-curable resins market is majorly driven by surge in demand for UV-curable resins in applications such as adhesives, coating, and packaging. In addition, the development of new photo initiators for UV curing technology enables to produce more effective curable resins, thereby boosting the market growth. Furthermore, increase in popularity of eco-friendly curable products is expected to boost the growth of the market in the near future. However, limited light penetration depth is expected to restrict the market growth. Conversely, advancements in coatings and development of the 3D printing industry are anticipated to offer remunerative opportunities to the market expansion.

The UV curable resin market is segmented based on resin type, application, and region. Depending on resin type, the global market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. By application, it is categorized into coating, packaging, printing, adhesives & sealants, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global UV curable resin market include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the UV curable resin industry for strategy building.
  • It outlines the current trends and future scenario of the market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution in the market size.
  • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the market analysis.

KEY MARKET SEGMENTS

By Resin Type
  • Acrylated Epoxies
  • Acrylated Polyesters
  • Acrylated Urethanes
  • Acrylated Silicones
  • Others

By Application
  • Coating
  • Packaging
  • Printing
  • Adhesives & Sealants
  • Others

By Region
  • North America
o U.S.
o Canada
o Mexico
  • Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
  • Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
  • LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Frequently Asked Questions about the Global UV Curable Resin Market

What is the estimated value of the Global UV Curable Resin Market?

The Global UV Curable Resin Market was estimated to be valued at $4745.6 million in 2018.

What is the growth rate of the Global UV Curable Resin Market?

The growth rate of the Global UV Curable Resin Market is 9.4%, with an estimated value of $9769.7 million by 2026.

What is the forecasted size of the Global UV Curable Resin Market?

The Global UV Curable Resin Market is estimated to be worth $9769.7 million by 2026.

Who are the key companies in the Global UV Curable Resin Market?

Key companies in the Global UV Curable Resin Market include Hitachi Chemical, BASF SE, DSM, AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM and Dymax.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allnex Belgium S.A.
  • BASF SE
  • DSM-AGI
  • Dymax
  • Eternal Materials
  • Hitachi Chemical

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Parent/Peer Market Overview
3.3. Key Forces Shaping Uv Curable Resin Market
3.3.1. High Bargaining Power of Suppliers
3.3.2. Moderate Threat of New Entrants
3.3.3. Moderate Threat of Substitutes
3.3.4. Moderate Intensity of Rivalry
3.3.5. Low-To-Moderate Bargaining Power of Buyers
3.4. Pricing Analysis
3.4.1. Pricing Analysis of Uv Curable Resin Market, By Region, 2017 To 2025
3.4.2. Pricing Analysis of Uv Curable Resin Market, By Resin-Type, 2017 To 2025
3.4.3. Pricing Analysis of Uv Curable Resin Market, By Application, 2017 To 2025
3.5. Market Evolution/ Industry Roadmap
3.6. Value Chain Analysis
3.7. Impact of Government Regulations On Global Uv Curable Resin Market
3.8. Patent Analysis
3.8.1. By Region (2012-2017)
3.9. Case Studies
3.9.1. Case Study 01
3.9.2. Case Study 02
3.10. Market Dynamics
3.10.1. Drivers
3.10.1.1. Demand For Green & Environment-Friendly Paint And Coating
3.10.1.2. Increase In The Demand For Architectural Coatings
3.10.2. Restraints
3.10.2.1. Fluctuating Raw Material Prices
3.10.2.2. Limited Light Penetration Depth
3.10.3. Opportunities
3.10.3.1. Stringent Regulations Towards Green Initiatives
Chapter 4: Uv Curable Resin Market, By Product
4.1. Overview
4.2. Acrylated Epoxies
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Acrylated Polyesters
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
4.4. Acrylated Urethanes
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country
4.5. Acrylated Silicones
4.5.1. Key Market Trends, Growth Factors And Opportunities
4.5.2. Market Size And Forecast, By Region
4.5.3. Market Analysis By Country
4.6. Others
4.6.1. Key Market Trends, Growth Factors And Opportunities
4.6.2. Market Size And Forecast, By Region
4.6.3. Market Analysis By Country
Chapter 5: Uv Curable Resin Market, By Application
5.1. Overview
5.2. Coating
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Packaging
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Printing
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
5.5. Adhesives And Sealants
5.5.1. Key Market Trends, Growth Factors And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis By Country
5.6. Others
5.6.1. Key Market Trends, Growth Factors And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis By Country
Chapter 6: Uv Curable Resin Market, By Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Resin-Type
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Analysis By Country
6.2.4.1. U.S.
6.2.4.1.1. Market Size And Forecast, By Resin-Type
6.2.4.1.2. Market Size And Forecast, By Application
6.2.4.2. Canada
6.2.4.2.1. Market Size And Forecast, By Resin-Type
6.2.4.2.2. Market Size And Forecast, By Application
6.2.4.3. Mexico
6.2.4.3.1. Market Size And Forecast, By Resin-Type
6.2.4.3.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Resin-Type
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Analysis By Country
6.3.4.1. UK
6.3.4.1.1. Market Size And Forecast, By Resin-Type
6.3.4.1.2. Market Size And Forecast, By Application
6.3.4.2. Germany
6.3.4.2.1. Market Size And Forecast, By Resin-Type
6.3.4.2.2. Market Size And Forecast, By Application
6.3.4.3. France
6.3.4.3.1. Market Size And Forecast, By Resin-Type
6.3.4.3.2. Market Size And Forecast, By Application
6.3.4.5. Spain
6.3.4.5.1. Market Size And Forecast, By Resin-Type
6.3.4.5.2. Market Size And Forecast, By Application
6.3.4.6. Italy
6.3.4.6.1. Market Size And Forecast, By Resin-Type
6.3.4.6.2. Market Size And Forecast, By Application
6.3.4.7. Rest of Europe
6.3.4.7.1. Market Size And Forecast, By Resin-Type
6.3.4.7.2. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Resin-Type
6.4.3. Market Size And Forecast, By Application
6.4.4. Market Analysis By Country
6.4.4.1. China
6.4.4.1.1. Market Size And Forecast, By Resin-Type
6.4.4.1.2. Market Size And Forecast, By Application
6.4.4.2. Japan
6.4.4.2.1. Market Size And Forecast, By Resin-Type
6.4.4.2.2. Market Size And Forecast, By Application
6.4.4.3. India
6.4.4.3.1. Market Size And Forecast, By Resin-Type
6.4.4.3.2. Market Size And Forecast, By Application
6.4.4.4. Australia
6.4.4.4.1. Market Size And Forecast, By Resin-Type
6.4.4.4.2. Market Size And Forecast, By Application
6.4.4.5. South Korea
6.4.4.5.1. Market Size And Forecast, By Resin-Type
6.4.4.5.2. Market Size And Forecast, By Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market Size And Forecast, By Resin-Type
6.4.4.6.2. Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Resin-Type
6.5.3. Market Size And Forecast, By Application
6.5.4. Market Analysis By Country
6.5.4.1. Brazil
6.5.4.1.1. Market Size And Forecast, By Resin-Type
6.5.4.1.2. Market Size And Forecast, By Application
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market Size And Forecast, By Resin-Type
6.5.4.2.2. Market Size And Forecast, By Application
6.5.4.3. South Africa
6.5.4.3.1. Market Size And Forecast, By Resin-Type
6.5.4.3.2. Market Size And Forecast, By Application
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market Size And Forecast, By Resin-Type
6.5.4.4.2. Market Size And Forecast, By Application
Chapter 7: Competitive Landscape
7.1. Introduction
7.2. Product Mapping of Top 14 Player
7.3. Competitive Heat Map of Key Players
7.4. Key Developments
7.4.1. Product Launch
7.4.2. Business Expansion
7.4.3. Acquisitions
7.5. Other Key Players Profile
7.5.1. Key Player Competitive Heat Map
Chapter 8: Company Profiles
8.1. Hitachi Chemical.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves And Developments
8.2. Basf Se
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves And Developments
8.3. Dsm-Agi
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves And Developments
8.4. Arkema Group
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves And Developments
8.5. Allnex Belgium S.A.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Key Strategic Moves And Developments
8.6. Jiangsu Litian Technology Co., Ltd.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.7. Eternal Materials
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.7.4. Key Strategic Moves And Developments
8.8. Dymax Corporation
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Key Strategic Moves And Developments
8.9. Jiangsu Sanmu Group Co., Ltd.
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.10. Toagosei Co., Ltd.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allnex Belgium S.A.
  • BASF SE
  • DSM-AGI
  • Dymax
  • Eternal Materials
  • Hitachi Chemical
According to the report titled, 'UV-Curable Resin Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026.

The use of UV curable resins has grown significantly, as they have several advantages over conventionally cured resins in terms of less energy consumption, reduced waste, zero emission of volatile organic compound (VOCs), and higher productivity (fast curing).

UV curable resins do not contain any organic solvents, which could have adverse environmental effects. However, the light penetration depth, which depends on the wavelength and spectral distribution, does not exceed a few millimeters. Thus, the application of UV-curable resins is restricted to inks, coatings, and adhesives.

The UV curable resin market is segmented based on resin type, application, and region. On the basis of resin type, the global UV curable resin market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. The acrylated epoxies UV-curable resin segment is expected to dominate the market, owing to its fast cure rates and good adhesion performance because of the presence of polar hydroxyl and ether groups in the epoxy backbone structure. However, the acrylated urethane UV curable resin segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the market is categorized into coating, packaging, printing, adhesives & sealants, and others. The coating application is expected to dominate the market and printing application is expected to grow with the highest CAGR in the market.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominates the market owing to the growth in paints and coating industry which is the primary consumer of UV curable resins. Asia-Pacific is further expected to maintain its dominant position in the near future.

According to Eswara Prasad, Manager, Material and Chemical, “UV-LED curing technology has undergone significant advancements in the past few years. This technology serves as an environmentally friendly solution, as UV-curable resins ensure zero VOC emission, thereby significantly fueling their demand across the globe.

Key Findings of the UV-Curable Resin Market:
The North America segment accounted for a share of nearly 33% in the UV curable resin market in 2018.
The Printing segment is anticipated to grow with the highest CAGR throughout the forecast period.
In UV curable resin market share, Acrylated urethanes accounted for more than 29% share in the UV curable resin market in 2018.
The Asia-pacific is anticipated to grow at the highest rate in the UV curable resin market during the forecast period, followed by North America.
In UV curable resin market size, the China accounted for more than 34% share 2018 and is anticipated to grow with a CAGR of 10.7% during the forecast period.

The key players in the UV curable resin market growth are Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group.

To stay competitive in the market, these market players are adopting strategies such as product launch and business expansion. For instance, Hitachi Chemicals introduced TA series of UV-curable resins, which are cured quickly under UV light after applied to substrates. In addition, it has silicon-modified type and other product lined-up for release.

On December 2016, BASF SE announced to broaden its UV resins portfolio by including five new standard epoxy acrylates from the Laromer EA product family for radiation curable coatings and printing inks.
Note: Product cover images may vary from those shown
  • Hitachi Chemical
  • BASF SE
  • DSM-AGI
  • Jiangsu Litian Technology
  • Allnex Belgium S.A.
  • Sartomer
  • IGM
  • Eternal Materials
  • Dymax
  • Miwon Specialty Chemical
  • Jiangsu Sanmu Group.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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