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UV Curable Resins Market to reach a market size of $8.3 billion by 2025

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According to a new report Global UV Curable Resins Market, published by KBV Research, The Global UV Curable Resins Market size is expected to reach $8.3 billion by 2025, rising at a market growth of 9.4% CAGR during the forecast period. The primary driving forces for the UV curable resins market are the industrial sector and eco-friendly products. The growing significance of safe, odor-free, viable and green materials by numerous public regulators around the world has led to an increase in UV curable resin demand.

Coating (wood, paper, plastics, and metal), graphic art (printing inks, plates, and overprint varnishes), industrial (packaging, optoelectronics, and adhesives), and automotive are the major applications of UV curable resins. The Coating market has garnered the major share in the Global UV Curable Resin Market by Application in 2018, and would continue its dominance by 2025; with a significant growth rate of 9.2% during the forecast period. The Adhesive and Sealants market is expected to witness a CAGR of 9.9% during (2019-2025). The Packaging segment is one of the lucrative markets for UV Curable Resins and grows at a CAGR of 9.97% during the forecast period.

The Acrylated Epoxies market generated the maximum revenue under Global UV Curable Resin Market by Resin Type in 2018. It is expected to at a CAGR of 8.1 % during the forecast period. The Acrylated Urethanes market is expected to witness a CAGR of 9.1% during (2019-2025). The Acrylated Silicones market is one of the top growing segments within the Resin Type and shows the highest CAGR of 11.3% during the forecast period.

The Asia Pacific market continues its dominance in the Global UV Curable Resin Market by Region during the forecast period. The North America market would grow at a CAGR of 8.4% during (2019-2025). Additionally, The Europe market is expected to witness a CAGR of 9% during (2019-2025).

Full Report: https://www.kbvresearch.com/uv-curable-resins-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Arkema S.A., BASF SE, Covestro AG, Dymax Corporation, DIC Corporation, Koninklijke DSM N.V., Hitachi Chemical Co., Ltd. (Hitachi Ltd.), IGM Resins B.V., Allnex Belgium SA/NV and Toagosei Co., Ltd.

Recent Strategies Deployed in UV Curable Resins Market

» Product Launches and Expansions:

Aug, 2019: Dymax launched BlueWave AX-550 LED flood curing system which is used for curing light-curable materials.
Jul, 2019: IGM opened a new photoinitiator production facility in Anhui Province, China in order to expand its business.
Jun, 2019: DSM extended Skins® resins family with the launch of its AgiSyn 248 resin, also known as Silky UV, a UV curable resin for screen overprint varnishes and flexographic in order to deliver excellent properties.
May, 2019: Sun Chemicals, a DIC company introduced SunWave Lumina, a new range of high performance; UV LED curing sheetfed offset inks for use in commercial printing.
Apr, 2019: Allnex expanded its reach to South Carolina by increasing its Radcure Oligomer Production Capacity in North Augusta for developing the curable products.
Mar, 2019: Arkema launched liquid resin solutions in order to advance UV/EB curing performance for adhesives graphic arts, coatings, 3D printing, and personal care applications.
Mar, 2019: IGM announced its expansion to North America by establishing a new manufacturing facility in USA focusing on the development of UV inks and coatings.
Mar, 2019: Allnex launched EBECRYL 898; a solvent-free UV curable binder in order to help in achieving substrate-specific end properties on wood; plastics & papers foil substrates, and resilient flooring.
Feb, 2019: BASF unveiled VMOX, a new vinyl monomer which is particularly suitable as a reactive diluent in UV curing inks and coatings.
Nov, 2018: Arkema introduced new UV curable resins products in order to extend its N3xtDimension line of UV curable engineered resins.
Sep, 2018: Hitachi Chemicals expanded its reach to Malaysia by opening a new Hitachi Chemical’s subsidiary which focuses on development of solutions for printed wiring boards.
Aug, 2018: Allnex released EBECRYL resins in order to provide care upon exposure to UV light.
Jul, 2018: Arkema expanded its reach to Exton, PA facility by opening a new center of excellence in order to develop 3D printing resins for dental, sports and electronics applications.

» Acquisitions:

Jul, 2019: Arkema acquired Lambson, a company which has specialization in photoinitiators for curing in order to meet the demands of electronics markets, digital ink market, composites market, 3D printing market, and high-performance coatings market.
May, 2019: Sun Chemicals, a DIC company took over Chemi Plast Pvt. Ltd. in order to expand its coating resins business in India.
Oct, 2018: Allnex acquired Desmolux® product range from Bayer MaterialScience for increasing its portfolio of urethane acrylate, polyester/polyether acrylate, and dual cure resin technologies to complement UV/EB radiation curing products.

» Partnerships, Collaborations and Agreements:

Sep, 2019: Arkema came into partnership with Continuous Composites in order to integrate Arkema’s cutting edge photocurable resin solutions with Continuous Composites’ patented continuous fiber 3D (CF3D) printing technology for generating new options for continuous fiber composite AM.
Jul, 2019: Covestro announced its partnership with Carbon for developing polyurethane liquid resin for 3D printing.
Jul, 2019: Dymax signed partnership agreement with Rudolph Bros. & Co. for the distribution of its products such as adhesives, conformal coating, maskants, etc.
Jun, 2019: BASF extended its partnership with Azelis for distributing its resins, additives, dispersions, renewable systems, and radiation-curable systems.
Nov, 2018: BASF signed partnership agreement with Origin for developing a new printing process, Ultracur3D photopolymers, for improved surfaces and high mechanical throughput.
Sep, 2018: DSM came into partnership with FormFutura in order to unlock full potential of high-performance coating resins.
May, 2018: DIC signed Joint development agreement with Checkerspot, Inc. in order to develop high performance polyols.

Global UV Curable Resins Market Segmentation

By Application

Coating
Adhesive and Sealants
Printing
Packaging and
Other Applications

By Resin Type

Acrylated Epoxies
Acrylated Urethanes
Acrylated Polyesters
Acrylated Silicones and
Other Resin Types

By Geography

North America

US
Canada
Mexico
Rest of North America

Europe

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Singapore
Australia
Rest of Asia Pacific

LAMEA

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Companies Profiled

Arkema S.A.
BASF SE
Covestro AG
Dymax Corporation
DIC Corporation
Koninklijke DSM N.V.
Hitachi Chemical Co., Ltd. (Hitachi Ltd.)
IGM Resins B.V.
Allnex Belgium SA/NV
Toagosei Co., Ltd.

UV Curable Resins Market Related Reports:

North America Market
Europe Market
Asia Pacific Market
LAMEA Market

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