Global UV Curable Resin Market 2015-2020 Trends, Forecast, and Opportunity Analysis
According to a new market report published by Lucintel, the future of the UV curable resin market looksgood with opportunities in the industrial coating, graphic arts, and electronic industries. The global UVcurable resin market is forecast to grow at a CAGR of 5.4% from 2015 to 2020. The major drivers ofgrowth for this market are the growth of end use industries, demand for green coatings, an increase indemand for materials with faster cure time, and stringent emission laws.
In this market, epoxy and polyester acrylates are the major chemical types for UV curable resins.Lucintel predicts that epoxy acrylate will remain the largest chemical type to be used in the UV curableresin market during the forecast period, supported by growing demand in end use industries. Thelargest application in the UV curable resin market is coatings. On the basis of comprehensive research,Lucintel forecasts that coating applications are expected to show above average growth during theforecast period.
Within the UV curable resin market, the industrial coating industry is expected to remain the leadingmarket. Growth of wood coatings, plastic coatings, and metal coatings is expected to spur growth forthis segment over the forecast period.Asia Pacific is expected to remain the largest market due to growth in end use industries, such aselectronics and industrial coatings. Asia Pacific and the Rest of the World are expected to show aboveaverage growth during the forecast period by virtue of growth of the electronic and industrial coatingindustries.
For market expansion, the report suggests innovation and new product development so that the uniquecharacteristics of UV curable resins can be capitalized.Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence ofbio-based products and continuous innovation and improvement in products and technology. Allnex,Sartomer, Eternal Chemical, Miwon Specialty Chemical, and BASF are among the major suppliers ofUV curable resins.opportunities for UV curable resin by application, chemistry, end-use industry, and region and has comeup with a comprehensive research report, “Growth Opportunities for the Global UV Curable ResinMarket 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as aspring board for growth strategies as it provides a comprehensive data and analysis on trends, keydrivers, and directions. The study includes a forecast of the UV curable resin in global market through2020, segmented by application, chemistry, end-use industry, and region as follows:
By application [volume (million pounds/ kiloton) and value $ million from 2009 to 2020]-
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