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Global UV Curable Resins Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 147 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912120
The global UV curable resins market size reached US$ 5.7 Billion in 2022. Looking forward, the market is expected to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.82% during 2022-2028.

Ultraviolet (UV) curable resins are non-solvent materials polymerized by the energy radiated from UV irradiation devices. They mainly comprise oligomers, co-initiators, photopolymerization initiators, monomers, and additives like stabilizers, antioxidants, plasticizers, and pigments. They have many advantages over conventional cures, such as reduced waste, less energy consumption and equipment space, low emission, high productivity, and minimal temperature treatment. In addition, as they do not contain organic solvents that have an adverse effect on the environment, UV curable resins are widely utilized as industrial materials in the pharmaceutical and food and beverage (F&B) industries for sealing, bonding, and coating items.

UV Curable Resins Market Trends

Due to growing concerns of the coronavirus disease (COVID-19) transmission through packaging surfaces, UV cured resins are finding extensive application in various industry verticals as packaging coatings. UV cured resins increase production, reduce costs, and ensure high product quality for manufacturing a wide variety of medical products, such as filters, syringes, catheters, hearing aids, dialysis machines, medication patches, hydrogels, and test strips. In addition, the escalating demand for medical devices on account of the rising prevalence of chronic and lifestyle diseases is contributing to the market growth. Apart from this, the growing adoption of three-dimensional (3D) printing in the aerospace and automobile industries is driving the demand for UV cured resin-based 3D printing technologies. Moreover, UV curable resins derived from renewable raw materials with light-emitting diode (LED) technology are gaining traction to reduce air pollution and energy consumption and meet stringent regulations. Furthermore, the leading players are developing new and improved UV curable resins with expanded photosensitive wavelength bands and better photo-initiator solubility, which is anticipated to impel the market growth.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global UV curable resins market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on resin type, composition and application.

Breakup by Resin Type:

  • Acrylated Epoxies
  • Acrylated Polyesters
  • Acrylated Urethanes
  • Acrylated Silicones

Breakup by Composition:

  • Monomers
  • Oligomers
  • Photoinitiators

Breakup by Application:

  • Coating
  • Packaging
  • Printing
  • Adhesives and Sealants

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allnex GmbH, Arkema S.A., BASF SE, Covestro AG, Dymax Corporation, Eternal Materials Co. Ltd., IGM Resins B.V., Jiangsu Litian Technology Co. Ltd., Jiangsu Sanmu Group Co. Ltd., Koninklijke DSM N.V., Showa Denko K. K. and Toagosei Co. Ltd.

Key Questions Answered in This Report:

  • How has the global UV curable resins market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global UV curable resins market?
  • What are the key regional markets?
  • What is the breakup of the market based on the resin type?
  • What is the breakup of the market based on the composition?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global UV curable resins market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global UV Curable Resins Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Resin Type
6.1 Acrylated Epoxies
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Acrylated Polyesters
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Acrylated Urethanes
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Acrylated Silicones
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Composition
7.1 Monomers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Oligomers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Photoinitiators
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Coating
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Packaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Printing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Adhesives and Sealants
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allnex GmbH Company Overview Product Portfolio
14.3.2 Arkema S.A. Company Overview Product Portfolio Financials SWOT Analysis
14.3.3 BASF SE Company Overview Product Portfolio Financials SWOT Analysis
14.3.4 Covestro AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Dymax Corporation Company Overview Product Portfolio
14.3.6 Eternal Materials Co. Ltd. Company Overview Product Portfolio Financials
14.3.7 IGM Resins B.V. Company Overview Product Portfolio
14.3.8 Jiangsu Litian Technology Co. Ltd. Company Overview Product Portfolio
14.3.9 Jiangsu Sanmu Group Co. Ltd. Company Overview Product Portfolio
14.3.10 Koninklijke DSM N.V. Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 Showa Denko K. K. Company Overview Product Portfolio Financials SWOT Analysis
14.3.12 Toagosei Co. Ltd. Company Overview Product Portfolio Financials SWOT Analysis

Companies Mentioned

  • Allnex GmbH
  • Arkema S.A.
  • Covestro AG
  • Dymax Corporation
  • Eternal Materials Co. Ltd.
  • IGM Resins B.V.
  • Jiangsu Litian Technology Co. Ltd.
  • Jiangsu Sanmu Group Co. Ltd.
  • Koninklijke DSM N.V.
  • Showa Denko K. K.
  • Toagosei Co. Ltd.



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