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Global UV curable resins & formulated products market was valued at USD 3.69 Billion in 2017 and is projected to reach USD 6.31 Billion by 2023, at a CAGR of 9.5% from 2018 to 2023.
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UV Curable Resins & Formulated Products Market Global UV Curable Resins & Formulated Products Market projected to grow at a CAGR of 9.5% from 2018 to 2023 View Full Report @ https://goo.gl/bw1rTu
Introduction • The report "UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylates & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecast to 2023“. • The global UV curable resins & formulated products market is estimated to be USD 4.00 Billion in 2018 and is projected to reach USD 6.31 Billion by 2023, at a CAGR of 9.5% from 2018 to 2023. View Full Report @ https://goo.gl/bw1rTu
Drivers & Restrains • Increasing stringent regulations on VOC emissions leading to the development of eco-friendly technologies, such as 100% solids UV and waterborne UV are replacing solvent-borne UV. This, in turn, is driving the demand for UV curable resins, as they display high performance, owing to superior mechanical properties. These factors contribute to the growth of the UV curable resins & formulated products market. • Browse 136 market data Tables and 28 Figures spread through 165 Pages and in-depth TOC on "UV Curable Resins & Formulated Products Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylates & Oligoamines, Acrylates), Application, Technology, and Region - Global Forecast to 2023. View Full Report @ https://goo.gl/bw1rTu
Industry Insights • The UV curable resins & formulated products market has been segmented on the basis of composition, chemistry, application, technology, and region. • Among compositions, the oligomers segment is projected to lead the UV curable resins & formulated products market during the forecast period, in terms of value. • Oligomers such as acrylates are used for manufacturing paper coatings, overprint varnish, wood coating, in ink application (screen and offset), and is expected to witness increased demand in Asia Pacific. • The coatings application segment is expected to lead the UV curable resins & formulated products market during the forecast period. • The use of UV coatings has increased significantly over the last decade in the electronics industry for mobile phones, laptops, and game console coatings. • The main reason for this growth is the excellent performance of the UV coatings, such as good wear resistance, outdoor durability, and resistance against household chemical View Full Report @ https://goo.gl/bw1rTu
Regional Insights • Asia Pacific is the largest market for UV curable resins and formulated products, followed by Europe and North America. • The market for UV curable resins and formulated products in Asia Pacific is estimated to record high growth, owing to their increasing demand from the electronics sector. • This high growth can be attributed to the increasing consumer awareness and environmental concerns, and the subsequent adoption of stringent VOC emission norms. • The packaging resins market in the Asia Pacific is projected to be the largest and fastest-growing, owing to the growing demand from FMCG and food & beverage industries in the region.. View Full Report @ https://goo.gl/bw1rTu
Key Players • Key players in the global UV curable resins & formulated products market include 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). View Full Report @ https://goo.gl/bw1rTu
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