According to a new market report published by Lucintel, the future of the UV curable resin market looks good with opportunities in the industrial coating, graphic arts, and electronic industries. The global UV curable resin market is forecast to grow at a CAGR of 5.4% from 2015 to 2020. The major drivers of growth for this market are the growth of end use industries, demand for green coatings, an increase in demand for materials with faster cure time, and stringent emission laws.
In this market, epoxy and polyester acrylates are the major chemical types for UV curable resins. Lucintel predicts that epoxy acrylate will remain the largest chemical type to be used in the UV curable resin market during the forecast period, supported by growing demand in end use industries. The largest application in the UV curable resin market is coatings. On the basis of comprehensive research, Lucintel forecasts that coating applications are expected to show above average growth during the forecast period.
Within the UV curable resin market, the industrial coating industry is expected to remain the leading market. Growth of wood coatings, plastic coatings, and metal coatings is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to growth in end use industries, such as electronics and industrial coatings. Asia Pacific and the Rest of the World are expected to show above average growth during the forecast period by virtue of growth of the electronic and industrial coating industries.
For market expansion, the report suggests innovation and new product development so that the unique characteristics of UV curable resins can be capitalized.
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of bio-based products and continuous innovation and improvement in products and technology. Allnex, Sartomer, Eternal Chemical, Miwon Specialty Chemical, and BASF are among the major suppliers of UV curable resins.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for UV curable resin by application, chemistry, end-use industry, and region and has come up with a comprehensive research report, “Growth Opportunities for the Global UV Curable Resin Market 2015-2020: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of the UV curable resin in global market through 2020, segmented by application, chemistry, end-use industry, and region as follows:
By application [volume (million pounds/ kiloton) and value $ million from 2009 to 2020]-
· Coatings
· Inks
· Others
By chemistry [volume (million pounds/ kiloton) and value $ million from 2009 to 2020]-
· Epoxy
· Polyester
· Others
By end use industry [volume (million pounds/ kiloton) and value $ million from 2009 to 2020]-
· Industrial Coatings
· Graphic Arts
· Electronics
· Others
By region (volume (million pounds/ kiloton) and value $ million from 2009 to 2020]-
· North America
· Europe
· Asia Pacific
· Rest of the World
This 154-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_the_global_uv_curable_resin_market_2015_2020_trends_forecast_and_opportunity_analysis_july_2015.aspx or helpdesk@lucintel.com.
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