UV-Cured Resins Market to offer a healthy CAGR of 7.9% during 2020-25
February 14, 2020
UV-Cured Resins Market Overview:
UV-Cured resins market is likely to witness an impressive CAGR of 7.9% during the forecast period. Stringent regulation towards VOC emission and increasing demand for environment-friendly products are the major factors propelling the demand for UV-cured resins in the global market.
Report Overview:
This new report from Stratview Research analyses the UV-Cured Resins Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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UV-Cured Resins Market Segment Insights:
Composition Type: oligomers, monomers and others
Based on the composition type, the market is segmented as oligomers, monomers, photoinitiators, and others. The oligomers segment is expected to lead the market during the forecast period, owing to its superior properties, such as fast curing, good chemical resistance, high gloss, and relatively low cost among all the available composition types.
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Application Type: vapor deposition, High Velocity Oxygen Fuel (HVOF), and air plasma
Based on the application type, the market is segmented as coatings, inks, adhesives, and others. The coatings segment dominated the UV-cured resins market and is expected to remain dominant during the forecast period owing to increased usage of UV coatings in the electronics industry as they deliver outdoor durability, good wear resistance, and resistance against household chemicals.
A highly/moderately/fragment consolidated Market
Some of the major players in the UV-Cured resins market are BASF SE, Taogosei Co. Ltd., Koninklijke DSM N.V., The Nippon Synthetic Chemical Industry Co. Ltd., Covestro AG, Wanhua Chemical Group Co. Ltd., Miwon Specialty Chemical Co Ltd., Hitachi Ltd., Arkema Group, and DIC Corporation.
Region: Asia-Pacific is expected to remain the largest market
In terms of regions, Asia-Pacific is expected to remain the largest market for UV-Cured resins during the forecast period, followed by Europe and North America. The market is driven by the increasing penetration in electronic sector, rising awareness towards health and safety along with the stringent VOC emission standards.
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