Home > Polymers & Advanced Materials > UV Curable Resins Market

UV Curable Resins Market Size By Composition (Monomers, Oligomers, Photoinitiators, Additives), By Raw Material (Epoxy acrylates, Polyester Acrylates, Urethane Acrylates), By Product (Industrial Coating, Adhesives, Inks), By Front-Industry (Automotive, Wood Industry, Ship Building, Graphic Arts, Electronics, Plastic & Packaging), COVID-19 Impact Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

  • Report ID: GMI381
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

UV Curable Resins Market size valued at USD 4 billion in 2022 and is anticipated to depict over 7% CAGR between 2023 and 2032, on account of the growing need for sustainable coatings in building and construction applications.
 

Get more details on this report - Request Free Sample PDF
 

According to the U.S. Census Bureau data, from November 2020 to November 2021, seasonally adjusted construction spending surged by 9.3% in the U.S. Such trends, alongside the increasing requirement for industrial coatings, will fuel the requirement for durable UV-curable resins for wood paints and other surface protection applications. Moreover, during free-radical UV curing, the presence of oxygen within or at the surfaces of formulations can adversely affect polymerization, thereby hampering UV curable resins market growth.
 

Global efforts toward the development of paints and coatings with low VOC footprints are increasing steadily, in order to mitigate carbon emissions. UV-curable resins have emerged as an attractive alternative to thermosetting resins, credited to their low requirement for solvent and high efficiency during the drying process, contributing to sustainability targets. With the burgeoning investment in building and construction, the demand for UV-curable coatings will rise and consequently boost the utilization of UV resin curing machines to contribute to a carbon-free society.
 

Investment in vehicle manufacturing plants to spur oligomers usage in UV-curable coatings

Get more details on this report - Request Free Sample PDF
 

The oligomer composition segment of the UV curable resins market is set to exhibit nearly 7% growth through 2032. Oligomer UV curable resins are gained increasing acceptance, owing to their high adhesion, bonding, elasticity, elongation, and susceptibility to environmental triggers. Apart from excellent weather and solvent resistance, the component can also exhibit self-repairing performance. The mounting investment in EV production facilities will therefore foster the adoption of oligomers for UV-curable protective coatings, given their durability, minimalistic appearance, and low VOC emissions.
 

Increase in aircraft manufacturing projects push demand for UV-curable polyester acrylate resins

 

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

The global market of UV curable resins exceeded USD 4 billion in 2022 and is slated to register over 7% CAGR through 2032, given the requirement for sustainable coatings for building and construction applications.
The polyester acrylates segment is projected to reach USD 2 billion by 2032, considering its high performance, stability, and cost-effectiveness.
Europe UV curable resins market is set to surpass USD 3 billion by 2032, due to the economic recovery and the expansion of regional automobile manufacturing bases.
Soltech Limited, Toagosei Co. Ltd., Jiangsu Sanmu Group, Hitachi Chemical, Arkema, Hitachi Chemical, DSM N.V., ALLENEX, Miwon Specialty Chemicals, and BASF SE are some of the major participants in the market.

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 325
  • Countries covered: 20
  • Pages: 400
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount