The UV curable resins market is a growing industry, driven by increasing demand from various end-use industries such as automotive, construction, electronics, packaging, and others. UV curable resins are widely used due to their fast curing time, high efficiency, low VOC emissions, and other benefits.
The market is segmented by type, application, and geography. By type, the market is divided into oligomers, monomers, photoinitiators, and additives. By application, the market is categorized into coatings, adhesives, inks, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region is expected to dominate the UV curable resins market due to the presence of major manufacturers and increasing demand from end-use industries. North America and Europe are also expected to witness significant growth during the forecast period, owing to the growing demand for eco-friendly products and increasing government regulations on VOC emissions.
Some of the key players in the UV curable resins market include BASF SE, Arkema S.A., Royal DSM N.V., Allnex Belgium SA/NV, Covestro AG, Nippon Gohsei, IGM Resins B.V., Miwon Specialty Chemical Co. Ltd., Toagosei Co. Ltd., and Jiangsu Sanmu Group Corporation. These companies are focusing on product innovation and development, strategic collaborations, mergers and acquisitions, and expansion of their production facilities to strengthen their market position.
Global Ultraviolet (UV) Curable Resins Market Taxonomy:
On the basis of composition, the global ultraviolet (UV) curable resins market is segmented into:
- Monomer
- Oligomer
- Photo-initiator
- Others
On the basis of application, the global ultraviolet (UV) curable resins market is segmented into:
- Coatings
- Graphic Arts (3D Printing Inks, Overprint Varnish)
- Industrial (Adhesives, Packaging, Optical)
- Others
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