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UV Curable Resins & Formulated Products Market To Reach USD 7.90 Billion By 2026

The market for UV Curable Resins & Formulated Products is driven by environmental concerns and rising stringent regulations on Volatile Organic Compound (VOC) emission.

Market Size – USD 3.89 Billion in 2018, Market Growth - CAGR of 9.1%, Market Trends – Advancement in technology and high demand from the APAC region.

The global UV Curable Resins & Formulated Products market is forecast to reach USD 7.90 Billion by 2026, according to a new report by Reports and Data. UV curable resins help in curing radiation of materials such as inks, coatings, and adhesives among others. These resins are free from organic solvent and include a variety of additives such as pigments, antioxidants, plasticizers, and stabilizers.

The use of UV curable resins & formulated products has risen over the past couple of decades. UV induced cure has several benefits such as less energy consumption and equipment space, less emission, reduced waste, low-temperature treatment, and higher productivity.

Market Summary

Our Approach Market Summary

Moreover, these resins do not contain any organic solvents that could impact the environment adversely. A large number of UV light curable resins have been developed to meet the stringent regulations in North America and Europe to reduce the level of air pollution as well as energy consumption.

The Asia Pacific region is forecasted to grow with the highest CAGR of 10.1% during the forecast period. The rapid growth of industries and urbanization is propelling the growth of the market. Favorable government regulations, highly populated countries such as China and India, and expansion of the automotive and construction sector are driving the market. Japan, China, and India are the largest consumers of the UV curable resins & formulated products.

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Key participants include Arkema SA, BASF SE, Toagosei Co. Ltd., IGM Resins B.V., Covestro AG, Nippon Gohsei, Alberdingk Boley GmbH, Wanhua Chemical Group Co., Ltd., Lambson Limited, and Eternal Chemical Co. Ltd, among others.

For the purpose of this report, Reports and Data have segmented into the global UV Curable Resins & Formulated Products market on the basis of composition, chemistry, application, and region:

Composition Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)• Oligomers• Monomers• Photoinitiators• Additives

Chemistry Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)• Non-Acrylates & Oligoamines• Acrylate Oligomers

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Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026)• North America• Europe• Asia Pacific• Middle East & Africa• Latin America

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