+91-8668442535
Home / Chemicals / UV Cured R

UV Cured Resins Market By Mode Of Application (Masking Materials, UV-Cured Resins Inks, Pre-Coated Gaskets, UV Cured Resins Adhesives), By End Users (Packaging, Graphic Arts, Industrial Coating, Healthcare, Electronics) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

UV cured resins are used in various end-user industries such as packaging, electronics, building & construction, and automotive, among others. The packaging industry is reported to significantly impact the UV-cured resin market. UV-cured resins are majorly used for label printing in the packaging industry. North America dominated the UV cured resin inks market due to high demand from the packaging sector in the region. High consumption of packaged food and beverage is the major factor driving the market of UV cures resins in the region. Therefore, increasing demand for UV curable inks is expected to dominate the global UV cured resins market in 2014 and is expected to increase shortly.

Moreover, the shift toward eco-friendly resins is another factor contributing to the growth of global UV-cured resins globally. Stringent government regulations regarding volatile organic compounds emission have boosted demand for eco-friendly resins. VOC are organic chemicals that have high vapor pressure and can lead to severe health problems. Hence, these factors have promoted the growth of UV-cured resins worldwide.

The industrial coatings market dominated the global UV cured resins market in 2014. Industrial coatings consist mainly of paints and coating, which are used majorly in industries for protective quality. Asia Pacific is the major region contributing to the growth of the UV cured resins market for industrial coatings. Automotive, Oil & Gas, and Constructions are the major industries boosting demand for UV cured resins in the market. The electronics market is another end-use industry expected to boost the market growth of global UV cured resins worldwide. UV-cured resins are used in the electronic industry as an adhesive or masking material. In addition, it is used to manufacture mobile phones, laptops, etc. Therefore, the electronic industry is anticipated to boost high demand for the global UV cured resins market shortly. Other end-user industries such as graphic arts and healthcare are also projected to fuel demand for global UV cured resins in the market, especially in China and India.

The UV cured resins market was valued at US$ 2900 Mn in 2014 and is expected to reach US$ 5650.0 Mn by 2022, growing at a CAGR of 9.0% during the forecast period 2015-2022.

Purpose of the Report

The purpose of this strategic research study titled “Global UV Cured Resins Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global UV cured resins market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

Compositions Segmentation Analysis

Based on compositions, the UV cured resins market is categorized into the following segments:

  • Photoinitiator
  • Monomers
  • Oligomers

Monomers dominated the global UV cured resins market in 2014. It accounted for more than 44% of the global UV cured resins market. The second largest UV-cured resins by composition were Oligomers. It accounted for over 28% of the global UV cured resins market in 2014. Oligomers are a complex which consists of a few monomer units. Oligomerization is a process that converts monomers into complex macromolecular substances. The reactivity and viscosity of Oligomers can be affected by specialized processes. These Oligomers are used on a large scale to manufacture optical fibers. Hence, high demand from this segment is expected to fuel the growth of the global UV cured resins market.

Photoinitiator accounted for the third largest segment of the global UV cured resins market in 2014. Photoinitiator is a compound that undergoes photoreaction on light absorption and produces certain types of reactive species. Photoinitiator is a compound that transforms physical light into chemical energy reactive intermediates forms. They are differentiated into two types: radical photoinitiators and cationic photoinitiators. Rising applications in the industries such as coatings, automotive, and medical are contributing to the demand for photoinitiators in the market. The major factor leading to the growth of photoinitiators is the commercialization of UV-cured adhesives.

Based on mode of application, the UV cured resins market is categorized into the following segments:

  • Masking Materials
  • UV Cured Resins Inks Market
  • Pre-Coated Gaskets Market
  • UV Cured Resins Adhesives Market
  • Others

Based on the mode of applications, UV cured resins are segmented into a number of applications, among which the UV cured resins inks market dominated the global UV cured resins market in 2014. Technological advancements in printing technology are the major reason driving demand for UV cured resins inks in the market. The growing 3D printing market contributes to the high demand for UV-cured resin inks. UV cured resins accounted for more than 36% share of the global UV cured resins market in 2014 and is expected to rise during the forecast period. The second largest application segment was UV cured resins adhesives market, which accounted for more than 20% of the global UV cures resins market in 2014. UV cured resins adhesives harden when exposed to UV light with predefined wavelength and intensity.

These adhesives are used on a large scale in industries such as building & construction, packaging, product assembly, etc. A rising amount of building & construction industries in the emerging economies has led to high demand for UV-cured resin adhesives worldwide. Masking material accounted for the third largest application segment of the UV cured resin market and is expected to boost market demand for the UV cured resins market shortly. Pre-coated gaskets and other applications are also anticipated to fuel the growth of the global UV cured resins market during the forecast period from 2015 to 2022.

Based on applications, the UV cured resins market is categorized into the following end-user segments:

  • Packaging Market
  • Graphic Arts Market
  • Industrial Coatings Market
  • Healthcare Market
  • Electronics Market
  • Others

The industrial coatings market dominated the global UV cures resins market with more than 38% share in 2014. The numerous benefits provided by UV-cured resins, such as eco-friendly nature, non-emission of VOC, and excellent cost-cutting features due to high curability speed, has led to high demand for UV-cured resins in the industrial coatings market. Other features, such as being applicable for both flexible and rigid media and high bond strength, have added to the demand for UV-cured resins in the industrial coatings market. Packaging accounted for the second largest end-user segment of the global UV cured resins market in 2014.

Packaging is anticipated to grow at a CAGR of more than 4.5% during the forecast period from 2015 to 2022. In terms of demand for UV cured resins for the packaging industry, North America is anticipated to be the market leader in the UV cured resins market. Graphic art covers a large range of virtual artistic expression. Rising demand for the 3D printing market is expected to fuel market growth of UV cured resins worldwide. Other end-user industries, such as healthcare, electronics, and others, are also projected to boost the market growth of UV-cured resins during the forecast region from 2016 to 2022.

On the basis of geography, the global UV cured resin market is segmented into the following categories:

  • North America
  • The U.S.
  • Canada
  • Europe
  • Asia Pacific
  • China
  • India
  • Australia
  • Japan
  • Middle East & Africa
  • Latin America

Asia Pacific accounted for the largest share of the global UV cured resins market in 2014. It is consuming almost half of the demand of the global UV cured resins market. Manufacturing industries of coating, inks, and adhesives in the region are driving the growth of the global UV cured resins market in the region. Growing demand for green coatings and electronics manufacturing is expected to boost major demand for UV cured resins in the market.

Increasing use of environment-friendly inks in the packaging industry is also expected to contribute to the growth of the UV-cured resins market in the region. North America accounted to be the second largest market for UV cured resins worldwide. Increasing demand for UV cured resins from end-user industries such as automotive, electronics, and packaging has led to the growth of the global UV cured resins market in the region. U.S. accounted for a larger share of UV cured resins than the other countries in the region.

An increase in the use of electronic circuits in care is another factor contributing to the demand for UV-cured resins in the country. Europe is anticipated to contribute to the growth of the global UV cured resins market due to the high demand for curable inks and adhesives. Other regions such as the Middle East & Africa and Latin America are also expected to boost market demand for UV cured resins during the forecast period from 2015 to 2022.

Frequently Asked Questions :

The market for UV Cured Resins is expected to reach US$ 5650.0 Mn by 2022.

The UV Cured Resins Market is expected to see significant CAGR growth over the coming years, at 9.0%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

BASF SE 97, OVERVIEW 97, BASFSE PRODUCTS PORTFOLIO 98, STRATEGIC MOVES 98, SCOT ANALYSIS99

Choose License Type
Trusted By
Godaddy
Published Date:  May 2016
Category:  Chemicals
Report ID:   57827
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support