Market Research Future Published a Research Study on UV Curable Resins Formulated Products Market Research Report, Size, Share and Industry Analysis - Forecast to 2023
UV
curable resins are used in various end-user industries such as building
and construction, automobile, and electrical and electronics. The
growing demand from the developing region across the globe is the major
factor driving the global UV curable resins market. Furthermore, growing
government investments in the infrastructural development coupled with
the augmenting demand from the automobile sector are significantly
contributing to the growth of the market. Industrial segment is the
dominant segment and expected to show the same trend during the forecast
years. The growing usage of UV curable resins in the packaging,
electronics, adhesives and plastic and metal is contributing
significantly to the growth of the segment.
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Market Scenario:
The
photoinitiators composition segment is anticipated to be the fastest
growing segment, whereas the monomer composition is the largest segment
and is expected to show the same trend during the forecast years.
Monomer composition is extensively used in inks, coatings, and
adhesives.
Competitive Analysis:
Some of
the prominent players operating in the Global UV curable resins market
are Arkema SA (France), Allnex Group (Germany), Toagosei Co. Ltd.
(Japan), BASF SE (Germany), Royal DSM N.V. (Netherlands), Covestro AG
(Germany), Nippon Gohsei (Japan), Hitachi Chemical Company Ltd. (Japan),
IGM Resins B.V. (Netherlands), and Miwon Specialty Chemical Co. Ltd
(South Korea).
Market Segmentation
The
global UV curable resins market is segmented into composition and
application. On the basis of composition, the market is segmented into
oligomers, monomers, photoinitiators, and additives. On the basis of
application, the global UV curable resins market is segmented into wood
and paper coatings, plastic coatings, metal coatings, overprint varnish,
printing inks, adhesives, 3D printing, industrial, automotive and other
applications.
Browse Key Industry insights spread across 137 pages with 44 market data tables & 11 figures & charts from the Report, “UV
Curable Resins Market Research: Information by Composition (oligomers,
monomers, photoinitiators, additives), by Application (wood & paper
coatings, plastic coatings, metal coatings, printing inks, adhesives, 3D
printing, adhesives) – Forecast till 2023” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/uv-curable-resins-formulated-products-market-863
Regional Analysis
The
global UV curable resins market is spanned across five key regions:
Asia Pacific, North America, Europe, Latin America, and the Middle East
& Africa. Among these, Asia Pacific holds a major portion of the
global market and is anticipated to continue its dominance during the
forecast period. The developing end-user industries in the region such
as construction and automotive are expected to fuel the market growth.
Moreover, the favorable government regulation has resulted in the
shifting of the manufacturing base in the Asia Pacific which has further
propelled the market growth. The major counties attributing to the
growth of UV curable resins in this region are India, China, and Japan.
North America is the dominant region for the market UV curable resins.
The developed end-user industries coupled with the growing adoption of
UV curable resins are the major factor contributing to the growth of the
market. The major countries attributing to this growth are the U.S. and
Canada. European market of UV curable resins is mainly driven by the
developed automobile and electronics industry. Moreover, the increasing
use of UV curable resins owing to the strict environmental regulations
is further expected to add to the growth of the market.
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