GLOBAL UV CURED RESIN MARKET FORECAST 2018-2026

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GLOBAL UV CURED RESIN MARKET FORECAST 2018-2026

 Global UV cured resins market is estimated to grow at 9.03% of CAGR during the year 2018-2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global UV-cured resins market is primarily driven by the following factors: Eco-friendly coating are gaining popularity. Growing demand for UV cured resin in printing. Improved performance

GLOBAL UV CURED RESINS MARKET FORECAST 2018-2026

 Global UV Cured Resins Market by Mode of Application(Adhesives Market, Masking Materials, Inks Market, Pre-coated Gaskets Market) by End Users (Packaging Market, Graphic Arts Market, Industrial Coating Market, Healthcare Market, Electronics Market) by Compositions(Photoinitiators Market, Oligomers Market, Monomers Market)  & by Geography

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Global UV cured resins market is estimated to grow at 9.03% of CAGR during the year 2018-2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global UV-cured resins market is primarily driven by the following factors:

  • Eco-friendly coating are gaining popularity
  • Growing demand for UV cured resin in printing
  • Improved performance
  • Technological innovations
  • Rapid industrialization in the Asia Pacific region
  • Growing demand from the electronics market

UV Cured Resins Market

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The important driver increasing the growth in the global UV cured resins market is the growing demand for UV cured resin in printing. For last 40 years, UV curing technology has been in existence in printing, graphic arts and varnishing applications. With the recent developments in terms of flexibility and scalability of UV cured resins, its applications in the printing industry has been increased significantly. UV cured resins have unique properties (e.g., fast curing, instant drying, excellent film properties) that make them suitable for use in offset and screen printing technology. In graphic art applications, UV cured resins are preferred for excellent product resistance, ink stability over substrates and comparatively low cost.

Industrial coatings are majorly used because of their aesthetic looks or protective quality. Among these coatings, protective coating finds the highest applications. The majority of the utilization of industrial coating is from APAC region due to the rising industrialization especially in the emerging economies of India and China. There are different types of industrial coatings present in the market such as water born, paper born, UV cured resins etc. The major end-users of industrial coatings are oil & gas, aerospace, automotive, construction etc.

Application limitation, high cost and unattractive price in the competitive market are the major factors hindering the UV cured resins market. UV cured resins have poor resistance to moisture properties compared to two-part silicon-rubber, one-part/two-part epoxy resin and RTV butyl rubber. Therefore, these moisture-resistant products are preferred over UV cured resins for products exposed to wet weather conditions. For the similar reasons, in the oil field or chemical plants, UV cured resin-based coatings or applications have limited application scopes. UV cured resins are not preferred in the rigid packaging industry due to comparatively poor surface curing properties. Such limitations regarding applications have created growth hindrance for the UV cured resin market.

The global UV cured resins market segments include composition, application and end-user.

Composition are segmented into:

  • Photoinitiators
  • Monomers
  • Oligomers

Application is segmented into:

  • Adhesives
  • Masking materials
  • Inks
  • Precoated gaskets
  • Others

End-user is segmented into:

  • Packaging
  • Graphic Arts
  • Electronics
  • Industrial Coating
  • Healthcare
  • Others

Geographically, the global UV cured resins market has been segmented on the basis of five major regions which includes:

  • North America  – U.S. & Canada
  • Asia Pacific – China, India, Japan, Australia, RoAPAC
  • Europe – UK, France, Germany, Spain, RoE
  • Middle East & Africa
  • Latin America

Asia Pacific is the largest market for UV cured resins, consuming more than half of the global demand for UV cured resins and also the fastest growing region after the Middle East and Africa and Latin America. The Asia Pacific is expected to be the most promising market during the forecasted period because of the strong manufacturing industry of coatings, inks and adhesives which are expected to be the major target segments of UV cured resins. Currently, the penetration of UV cured resins is increasing in coatings and inks manufacturing segment at a very high pace around the globe. The key drivers for Asia Pacific region are expected to be the rising demand for green coatings, growing electronics manufacturing and increased use of environment-friendly inks in packaging applications. On the other hand, the Middle East and Africa market is anticipated to be the fastest-growing region due to increasing demand for UV cured resins from various end-user applications such as automotive, construction, furniture, consumer, electrical and electronics, footwear and others. Moreover, growing technological dominance in these industries is increasing the use of UV cured resins as an adhesive.

The UV cured resins market is segmented based on composition which is sub-divided into photoinitiators, monomers, and oligomers. The application market is segmented into adhesives, masking materials, inks, precoated gaskets, and others. The end-users market is segmented into packaging, graphic arts, electronics, industrial coating, healthcare and others.

The major market players in the global UV cured resins market are:

  • DSM-AGI CORP
  • BASF SE
  • HITACHI CHEMICAL COMPANY
  • MIWON SPECIALITY CHEMICALS
  • ALLENEX BELGIUM SA
  • OTHERS

 Key Findings of the global UV cured resins market.

  • Growing demand for UV cured resin in printing and technological innovations is fueling the growth of the market globally.
  • The Asia Pacific is anticipated to account the largest revenue share in 2017.
  • Monomers segment is the dominating market
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of global UV cured resins market.
  • Industrial coating sector is the major segment of end-user.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
  4. MARKET OVERVIEW
    • MARKET DEFINITION
    • DRIVERS
      • ECO-FRIENDLY COATING ARE GAINING POPULARITY
      • GROWING DEMAND FOR ULTRAVIOLET CURED RESIN IN PRINTING
      • IMPROVED PERFORMANCE
      • TECHNOLOGICAL INNOVATIONS
      • RAPID INDUSTRIALIZATION IN ASIA PACIFIC
      • GROWING DEMAND FROM ELECTRONICS MARKET
    • RESTRAINTS
      • APPLICATION LIMITATION
      • HIGH COST
      • UNATTRACTIVE PRICE IN A COMPETITIVE MARKETS
    • OPPORTUNITIES
      • 3D PRINTING MATERIAL MARKET
      • DEVELOPMENTS IN THE FIELD OF EPOXY AND POLYESTER ACRYLATES
      • DEVELOPING ECONOMIES: AN EMERGING MARKET OPPORTUNITY
    • CHALLENGES
      • LOW EXPORT DEMAND AND FLUCTUATING CRUDE OIL PRICE
      • ADVERSE HEALTH EFFECTS ASSOCIATED WITH UV RADIATION EXPOSURE
      • DECLINING INDUSTRIALIZATION IN EUROPE
  1. BY MODE OF APPLICATION
    • ADHESIVES MARKET
    • MASKING MATERIALS MARKET
    • INKS MARKET
    • PRE-COATED GASKETS MARKET
    • OTHERS
  2. BY END USERS
    • PACKAGING MARKET
    • GRAPHIC ARTS MARKET
    • INDUSTRIAL COATING MARKET
    • HEALTHCARE MARKET
    • ELECTRONICS MARKET
    • OTHERS MARKET
  3. BY COMPOSITIONS
    • PHOTOINITIATORS MARKET
    • OLIGOMERS MARKET
    • GLOBAL UV-CURED RESINS: MONOMERS MARKET
  4. KEY ANALYTICS
    • KEY BUYING CRITERIA
      • PRICE
      • COST EFFICIENCY
      • SAFETY STANDARDS
      • USABILITY
    • VALUE CHAIN ANALYSIS
      • MANUFACTURERS
      • SUPPLIERS
      • END-USERS
      • APPLICATIONS
    • PORTERS 5 FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  5. REGIONAL OUTLOOK
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST & AFRICA
    • LATIN AMERICA
  6. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILE
      • BASF SE
      • ALLNEX BELGIUM SA
      • DSM-AGI CORP
      • DYMAX CORP
      • ETERNAL MATERIALS CO. LTD.
      • HITACHI CHEMICAL CO LTD
      • IGM RESINS B.V
      • JIANGSU LITIAN TECHNOLOGY CO. LTD
      • JIANGSU SANMU GROUP CORPORATION
      • MIWON SPECIALTY CHEMICALS CO. LTD.
      • SARTOMER USA LLC

 

LIST OF TABLES

TABLE 1       UV CURED RESIN PROPERTIES AND THEIR APPLICATIONS

TABLE 2       GLOBAL UV-CURED RESINS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 3       GOVERNMENT REGULATIONS FOR EMISSION OF VOC IN VARIOUS REGIONS

TABLE 4       VARIOUS TECHNOLOGICAL INNOVATIONS IN THE UV CURED RESINS MARKET

TABLE 5       GROWTH RATES FOR THE GLOBAL ELECTRONICS INDUSTRY BY REGION 2016-2018

TABLE 6       ADVANTAGES OF EPOXIES AND LED TECHNOLOGY POSSESSED IN UV-LED-CURING EPOXY ADHESIVES

TABLE 7       BENEFITS OF UV CURED ADHESIVES

TABLE 8       COST ANALYSIS BETWEEN WAX AND UV MASKING RESINS FOR PLATTING APPLICATION

TABLE 9       BENEFITS OF UV PRINTING

TABLE 10     UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY END-USER 2018-2026 ($ MILLION)

TABLE 11     ELECTRONIC INDUSTRY PRODUCTS

TABLE 12     INDUSTRY ACTIVITIES

TABLE 13     BENEFITS OF UV CURED RESINS FOR ELECTRONIC INDUSTRIES

TABLE 14     UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY COMPOSITION 2018-2026 ($ MILLION)

TABLE 15     KEY MANUFACTURERS IN UV CURED RESIN MARKET AND THEIR STRATEGIES TO STAY AHEAD IN THE COMPETITION

TABLE 16     GLOBAL UV-CURED RESINS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 17     NORTH AMERICA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

TABLE 18     EUROPE MARKET ESTIMATES AND FORECAST BY COUNTRY 2018-2026 ($ MILLION)

TABLE 19     ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY COUNTRY 2018-2026 ($ MILLION)

TABLE 20     AUTOMOTIVE PRODUCTION IN AUSTRALIA, 2015-2025 (IN MILLIONS)

 

LIST OF FIGURES

FIGURE 1     GLOBAL UV-CURED RESINS MARKET BY APPLICATION 2018-2026 ($ MILLION)

FIGURE 2     RETAIL REVENUE FROM CONSUMER TECHNOLOGY PRODUCT SALES IN THE UNITED STATES IN 2018 ($ BILLION)

FIGURE 3     WORLD EXPORTS OF ELECTRONICS GOODS ($ BILLION AT CURRENT PRICES AND CURRENT EXCHANGE RATES)

FIGURE 4     WORLDWIDE END-USER SPENDING ON 3D PRINTERS IN 2015 AND 2018 (IN BILLION U.S. DOLLARS)

FIGURE 5     INDUSTRIAL GROSS VALUE ADDED IN THE EU BY INDIVIDUAL COUNTRIES IN 2015

FIGURE 6     UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY MODE OF APPLICATION 2018-2026 ($ MILLION)

FIGURE 7     WORLD DEMAND FOR ADHESIVES 2015

FIGURE 8     GLOBAL UV-CURED RESINS: ADHESIVES MARKET 2018-2026 ($ MILLION)

FIGURE 9     PERCENTAGE DISTRIBUTION OF GLOBAL MASKING MATERIALS BY END-USERS MARKET 2017

FIGURE 10   GLOBAL UV-CURED RESINS: MASKING MATERIAL MARKET 2018-2026 ($ MILLION)

FIGURE 11   UV CURABLE MASKING RESINS PERCENTAGE DISTRIBUTION 2017

FIGURE 12   GLOBAL UV-CURED RESINS: INKS MARKET 2018-2026 ($ MILLION)

FIGURE 13   TYPES OF UV-CURABLE INKS

FIGURE 14   GLOBAL UV-CURED RESINS: PRECOATED GASKETS MARKET 2018-2026 ($ MILLION)

FIGURE 15   GLOBAL UV-CURED RESINS: OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 16   GLOBAL UV-CURED RESINS: PACKAGING MARKET 2018-2026 ($ MILLION)

FIGURE 17   GLOBAL 3D PRINTING INDUSTRY FORECAST 2014-2020 ($ BILLION)

FIGURE 18   GLOBAL UV-CURED RESINS: GRAPHIC ARTS MARKET 2018-2026 ($ MILLION)

FIGURE 19   GLOBAL UV-CURED RESINS: INDUSTRIAL COATING MARKET 2018-2026 ($ MILLION)

FIGURE 20   GLOBAL HEALTHCARE INDUSTRY MARKET GROWTH IN US$ TRILLION 2013-2015

FIGURE 21   TOTAL HEALTHCARE EXPENDITURE FROM PUBLIC SECTOR FOR G7 COUNTRIES, 2014

FIGURE 22   GLOBAL UV-CURED RESINS: HEALTHCARE MARKET 2018-2026 ($ MILLION)

FIGURE 23   GLOBAL UV-CURED RESINS: ELECTRONICS MARKET 2018-2026 ($MILLION)

FIGURE 24   GLOBAL UV-CURED RESINS: OTHERS MARKET 2018-2026 ($ MILLION)

FIGURE 25   GLOBAL UV-CURED RESINS: PHOTOINITIATORS MARKET 2018-2026 ($ MILLION)

FIGURE 26   GLOBAL UV-CURED RESINS: OLIGOMERS MARKET 2018-2026 ($ MILLION)

FIGURE 27   GLOBAL UV-CURED RESINS: MONOMERS MARKET 2018-2026 ($ MILLION)

FIGURE 28   UV CURED RESINS MARKET SHARE BY END-USERS

FIGURE 29   U.S. MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 30   US UV MARKET BY SEGMENT

FIGURE 31   CANADA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 32   EUROPE FOOD PACKAGING MARKET SHARE

FIGURE 33   WOOD COATING MARKET SHARE IN EUROPE

FIGURE 34   GERMANY MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 35   UK MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 36   FRANCE MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 37   SPAIN MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 38   REST OF EUROPE MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 39   AUTOMOTIVE PRODUCTION IN CHINA, 2011-2016 (TILL Q2)

FIGURE 40   CHINA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 41   CHINA SHARE IN GLOBAL AUTOMOTIVE MARKET

FIGURE 42   INDIA UV CURED MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 43   JAPAN MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 44   AUSTRALIA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 45   REST OF ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 46   MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 47   LATIN AMERICA MARKET ESTIMATES AND FORECAST 2018-2026 ($ MILLION)

FIGURE 48   MARKET SHARE ANALYSIS OF KEY PLAYERS IN UV-CURED RESINS MARKET – 2017

($ BILLION)

  1. BY MODE OF APPLICATION
    • ADHESIVES MARKET
    • MASKING MATERIALS MARKET
    • INKS MARKET
    • PRE-COATED GASKETS MARKET
    • OTHERS
  2. BY END-USERS
    • PACKAGING MARKET
    • GRAPHIC ARTS MARKET
    • INDUSTRIAL COATING MARKET
    • HEALTHCARE MARKET
    • ELECTRONICS MARKET
    • OTHERS MARKET
  3. BY COMPOSITIONS
    • PHOTOINITIATORS MARKET
    • OLIGOMERS MARKET
    • MONOMERS MARKET
  4. REGIONAL OUTLOOK
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • FRANCE
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • MIDDLE EAST & AFRICA
    • LATIN AMERICA

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