UV Curable Resins and Formulated Products Market Research Report - Forecast to 2027

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 2027

ID: MRFR/CnM/0361-HCR | February 2021 | Region: Global | 137 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Synopsis of UV curable resins Market


UV curable resins are a class of resins that extensively helps in curing radiations of materials such as coatings, inks, and adhesives among others. UV curable resins are free-from organic solvents and include monomers, co-initiators, oligomers, and variety of additives such as antioxidants, pigments, stabilizers, and plasticizers. These resins are ideal for applications that require fast drying and instant curing.


The demand from the end use industries is a major factor driving the growth of the global UV curable resins market. Some of the major applications of UV curable resins include wood and paper coatings, plastic coatings, and adhesives among others. The growing industrialization and urbanization in the developing regions throughout the globe is expected to boost the market during the forecast years. The global market for UV curable resins is a lucrative market is expected to expand at an encouraging CAGR during the forecast years. The low cost, productivity, durability and low maintenance make it ideal for the many end-user industries, which is a major factor driving the market growth positively.


Among the various composition type in UV curable resins market, the photoinitiators are the fastest growing segment and are anticipated to witness the same trend over the forecast period. This growth is attributed the growing advancement in the photoinitiators technology and the innovations of new resins. The monomer composition segment is the dominant segment and is expected to dominate during the forecast years.  The growing demand for various applications such as coatings, adhesives and inks among others. Oligomers is expected to have a moderate growth during the assessment period.


Among the applications, the Industrial segment is expected to be the largest segment and is expected to grow at a considerable CAGR. The growing usage of packaging, electrical and electronics, and adhesives are expected to the major contributor to the growth of the market.


The Global UV curable resins market share by end-use industry.


 UV curable resins


Source: MRFR analysis


Regional Analysis 


The UV curable resins market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the dominant market at a healthy CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of the UV curable resins market in the developing countries of Asia Pacific. Moreover, the favorable government regulation in the region has attracted many industry players to enter the lucrative market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the presence of most populated countries such as India and China has augmented the construction and automobile sector, which is further contributing to the market growth. China, India, and Japan are the largest consumer of UV curable resins in this region. North America is another dominant region in the market. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth. Moreover, the newly elected government has brought in a new wave of investment in development and renovation of residential and commercial infrastructure, which is expected to boost the demand for UV curable resins in the construction industry.


Europe is a lucrative market, whose growth is driven by the developed electrical & electronics, construction, and automobile sector. Moreover, the stringent environmental regulations regarding the VOC content coupled with the increasing infrastructural development are the major factor attributing to the growth of the market. Additionally, the growing technological advancement in the region further augmented the use of UV curable resins.


Segmental Analysis


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.


Key Players


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). Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • UV curable resins   market manufacturers

  • Traders and Distributors of UV curable resins  market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Composition, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   UV curable resins include wood and paper coatings, plastic coatings, and adhesives.
  Key Market Drivers   The low cost, productivity, durability and low maintenance make it ideal for the many end-user industries.


Frequently Asked Questions (FAQ) :


Major companies are Toagosei Co. Ltd. (Japan), Arkema SA (France), Allnex Group (Germany), Covestro AG (Germany), BASF SE (Germany), Royal DSM N.V. (Netherlands), IGM Resins B.V. (Netherlands), Hitachi Chemical Company Ltd. (Japan), Nippon Gohsei (Japan), and Miwon Specialty Chemical Co. Ltd (South Korea).

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global UV curable resins Market

5 Industry Overview of Global UV curable resins Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global UV Curable Resins Market by Composition Type

7.1 Introduction

7.2 Oligomers

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Monomers

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Photoinitiators

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Additives

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8. Global UV Curable Resins Market by Application

8.1 Introduction

8.2 Wood and Paper Coatings

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Plastic Coatings

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Metal Coatings

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Overprint Varnish

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Printing Inks

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.8 Adhesives

8.8.1 Market Estimates & Forecast, 2020-2027

8.8.2 Market Estimates & Forecast by Region, 2020-2027

8.9 3D Printing

8.9.1 Market Estimates & Forecast, 2020-2027

8.9.2 Market Estimates & Forecast by Region, 2020-2027

8.10 Industrial

8.10.1 Market Estimates & Forecast, 2020-2027

8.10.2 Market Estimates & Forecast by Region, 2020-2027

8.11 Automotive

8.11.1 Market Estimates & Forecast, 2020-2027

8.11.2 Market Estimates & Forecast by Region, 2020-2027

8.12 Others

8.12.1 Market Estimates & Forecast, 2020-2027

8.12.2 Market Estimates & Forecast by Region, 2020-2027

9. Global UV Curable Resins Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 U.S.

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.2.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8 U.K

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.3.9 Rest of Europe

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5 The Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Composition Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Arkema SA

11.1.1 Company Overview

11.1.2 Composition Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Allnex Group

11.2.1 Company Overview

11.2.2 Composition Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Toagosei Co. Ltd

11.3.1 Company Overview

11.3.2 Composition Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 BASF SE

11.4.1 Company Overview

11.4.2 Composition Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Royal DSM N.V

11.5.1 Company Overview

11.5.2 Composition Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Covestro AG.

11.6.1 Company Overview

11.6.2 Composition Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Nippon Gohsei

11.7.1 Company Overview

11.7.2 Composition Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Hitachi Chemical Company Ltd

11.8.1 Company Overview

11.8.2 Composition Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 IGM Resins B.V

11.9.1 Company Overview

11.9.2 Composition Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Miwon Specialty Chemical Co. Ltd

11.10.1 Company Overview

11.10.2 Composition Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global UV Curable Resin Market: By Region, 2020-2027

Table 3 North America UV Curable Resin Market: By Country, 2020-2027

Table 4 Europe UV Curable Resin Market: By Country, 2020-2027

Table 5 Asia Pacific UV Curable Resin Market: By Country, 2020-2027

Table 6 The Middle East & Africa UV Curable Resin Market: By Country, 2020-2027

Table 7 Latin America UV Curable Resin Market: By Country, 2020-2027

Table 8 Global UV Curable Resin by Composition Type Market: By Regions, 2020-2027

Table 9 North America UV Curable Resin by Composition Type Market: By Country, 2020-2027

Table10 Europe UV Curable Resin by Composition Type Market: By Country, 2020-2027

Table11 Asia Pacific UV Curable Resin by Composition Type Market: By Country, 2020-2027

Table12 The Middle East & Africa UV Curable Resin by Composition Type Market: By Country, 2020-2027

Table13 Latin America UV Curable Resin by Composition Type Market: By Country, 2020-2027

Table14 Global UV Curable Resin by Application Market: By Regions, 2020-2027

Table15 North America UV Curable Resin by Application Market: By Country, 2020-2027

Table16 Europe UV Curable Resin by Application Market: By Country, 2020-2027

Table17 Asia Pacific UV Curable Resin by Application Market: By Country, 2020-2027

Table18 The Middle East & Africa UV Curable Resin by Application Market: By Country, 2020-2027

Table19 Latin America UV Curable Resin by Application Market: By Country, 2020-2027

Table20 Global UV Curable Resin by Application Market: By Regions, 2020-2027

Table21 Global Composition Type Market: By Region, 2020-2027

Table22 Global Application Market: By Region, 2020-2027

Table23 Global End-use Market: By Region, 2020-2027

Table24 North America UV Curable Resin Market, By Country

Table25 North America UV Curable Resin Market, By Composition Type

Table26 North America UV Curable Resin Market, By Application

Table27 North America UV Curable Resin Market, By End-use

Table28 Europe: UV Curable Resin Market, By Country

Table29 Europe: UV Curable Resin Market, By Composition Type

Table30 Europe: UV Curable Resin Market, By Application

Table31 Europe: UV Curable Resin Market, By End-use

Table32 Asia Pacific: UV Curable Resin Market, By Country

Table33 Asia Pacific: UV Curable Resin Market, By Composition Type

Table34 Asia Pacific: UV Curable Resin Market, By Application

Table35 Asia Pacific: UV Curable Resin Market, By End-use

Table36 The Middle East & Africa: UV Curable Resin Market, By Country

Table37 The Middle East & Africa UV Curable Resin Market, By Composition Type

Table38 The Middle East & Africa UV Curable Resin Market, By Application

Table39 The Middle East & Africa: UV Curable Resin Market, By End-use

Table41 Latin America: UV Curable Resin Market, By Country

Table42 Latin America UV Curable Resin Market, By Composition Type

Table43 Latin America UV Curable Resin Market, By Application

Table44 Latin America: UV Curable Resin Market, By End-use

LIST OF FIGURES

FIGURE 1 Global UV Curable Resin market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global UV Curable Resin Market

FIGURE 4 Value Chain of Global UV Curable Resin Market

FIGURE 5 Share of Global UV curable resins Market in 2020, by country (in %)

FIGURE 6 Global UV Curable Resin Market, 2020-2027,

FIGURE 7 Sub segments of Composition Type

FIGURE 8 Global UV Curable Resin Market size by Composition Type, 2020

FIGURE 9 Share of Global UV Curable Resin Market by Composition Type, 2020 to 2027

FIGURE 10 Global UV Curable Resin Market size by Application, 2020

FIGURE 11 Share of Global UV Curable Resin Market by Application, 2020 to 2027