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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. Packaging industry is reported to have significant impact on the UV cured resins market. UV cured resins are majorly used for label printing in the packaging industry. North America dominated the market for UV cured resins 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 market 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 in the near future. Moreover, shift towards 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 which have high vapor pressure and can lead to severe health problems. Hence, these factors have promoted the growth of UV cured resins worldwide.

Industrial coatings market dominated the global UV cured resins market in 2014. Industrial coatings consist of mainly paints and coating which are used majorly in the industries for protective quality. Asia Pacific is the major region contributing to the growth of 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. Electronics market is another end-use industry which is expected to boost market growth of global UV cured resins worldwide. UV cured resins are used in the electronic industry as adhesive or masking material. It is used in manufacture of mobile phones, laptops, etc. Therefore, electronic industry is anticipated to boost high demand for global UV cured resins market in the near future. 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.

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.

UV Cured Resins Market


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 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

USP and Key Offerings

The report titled “Global UV Cured Resins Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” offers strategic insights into the global UV cured resins market along with the market size and estimates for the duration 2014 to 2021. The said research study covers in-depth analysis of multiple market segments based on types of services, types of waste, types of treatment, types of treatment sites and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading hazardous waste material management vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within UV cured resins industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global UV cured resins market, of growth, offering market size and estimates for the period from 2014 to 2021, keeping in mind the above mentioned factors.

On the basis of mode of application, the UV cured resins market is categorized into following segments:

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

UV Cured Resins Market

UV cured resins based on the mode of applications is segmented into a number of applications among which UV cured resins inks market dominated the global UV cured resins market in 2014. Technological advancements in the printing technology are the major reason driving demand for UV cured resins inks in the market. Growing 3D printing market is another factor contributing to high demand for UV cured resin inks in the market. UV cured resins accounted for more than 36% share of 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% share of 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. Rising amount of building & construction industries in the emerging economies have led to high demand for UV cured resins adhesives worldwide. Masking material accounted as the third largest application segment of UV cured resin market and is expected to boost market demand for UV cured resins market in the near future. Pre- coated gaskets and other applications are also anticipated to fuel growth of global UV cured resins market during the forecast period from 2015 to 2022.

On the basis of applications, the UV cured resins market is categorized into following end-user segments:

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

UV Cured Resins Market

Industrial coatings market dominated the global UV cures resins market with more than 38% share in 2014. The large number of 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 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 as the second largest end-user segment of global UV cured resins market in 2014. Packaging is anticipated to grow at a CAGR more than 4.5% during the forecast period from 2015 to 2022. In terms of demand for UV cured resins for packaging industry, North America is anticipated to be the market leader for UV cured resins market. Graphic art covers a large range of virtual artistic expression. Rising demand for 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 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 following categories,

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

UV Cured Resins Market

Asia Pacific accounted for the largest share of global UV cured resins market in 2014. It is consuming almost half of the demand of global UV cured resins market. Manufacturing industries of coating, inks and adhesives in the region is driving the growth of 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 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 growth of global UV cured resins market in the region. U.S. accounted for larger share for UV cured resins among the others countries in the region. Increase in the use of electronic circuits in the care is another factor contributing to the demand for UV cured resins in the country. Europe is anticipated to contribute to the growth of global UV cured resins market due to high demand for curable inks and adhesives. Other regions such as 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.

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Published Date:  May 2016
Category:  Chemicals
Report ID:   57827
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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