UV Curable Resins and Formulated
Products Market Research Report -
Forecast to 2023
UV curable resins are used in various end-user industries such as building and construction,
automobile, and electrical and electronics. The growing demand from the developing region
across the globe is the major factor driving the global UV curable resins market. Furthermore,
growing government investments in the infrastructural development coupled with the
augmenting demand from the automobile sector are significantly contributing to the growth of
the market. Industrial segment is the dominant segment and expected to show the same trend
during the forecast years. The growing usage of UV curable resins in the packaging, electronics,
adhesives and plastic and metal is contributing significantly to the growth of the segment.
Market Segmentation
The global UV curable resins market is segmented into composition and application. On the
basis of composition, the market is segmented into oligomers, monomers, photoinitiators, and
additives. On the basis of application, the global UV curable resins market is segmented into
wood and paper coatings, plastic coatings, metal coatings, overprint varnish, printing inks,
adhesives, 3D printing, industrial, automotive and other applications.
Market Scenario:
The photoinitiators composition segment is anticipated to be the fastest growing segment,
whereas the monomer composition is the largest segment and is expected to show the same
trend during the forecast years. Monomer composition is extensively used in inks, coatings, and
adhesives.
Regional Analysis
The global UV curable resins market is spanned across five key regions: Asia Pacific, North
America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds
a major portion of the global market and is anticipated to continue its dominance during the
forecast period. The developing end-user industries in the region such as construction and
automotive are expected to fuel the mark