According to a research report by Stratview Research, 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.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Stratview Research has segmented the UV-Cured Resins Market 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)
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.
The following are the key players in the UV-Cured Resins 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
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