UV-Cured Resins Market is Expected to Register a Considerable Growth by 2025
The newly launched report by Stratview Research, titled ‘UV-Cured Resins Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025’ has been bifurcated by Composition Type (Oligomers, Monomers, Photoinitiators, and Others), by Application Type (Coatings, Inks, Adhesives, and Others), by End-Use Industry Type (Industrial Coatings, Graphic Arts, Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report 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.
Market Segmentation Analysis -
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.
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.
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.
Key Players
The following are the key players in the market-
· 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
· DIC Corporation
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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