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Ultraviolet (UV) Curable Resins Market Segment by Application and Industry Analysis by 2024

Rise in the industrial sector especially in Asia Pacific is one of the major driving factors for the growth of UV curable resins market. The Global Ultraviolet (UV) Curable Resins Market is expected to reach USD 4.67 billion, according to a new report by Grand View Research, Inc.


Increasing concern regarding growing VOC emissions has resulted in the development of new low emission products. UV curable resins emit minimal to zero VOCs and are not volatile in nature. These resins produce less shrinkage, the line of sight curing and provide many advantages over traditional methods. Development of renewable raw materials for manufacturing these curable resins is anticipated to drive the market.

UV curable resins are widely used in wood coatings, graphics art, automotive and industrial application. With the increase in industrialization across the globe, there is a surge in the demand for eco-friendly products. Manufacturing companies across the world are focusing and investing in R&D activities for the innovation of new technologies to produce environmental - friendly products.

To Know More About Ultraviolet Curable Resins Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/uv-curable-resins-market

Ultraviolet curable resins in industrial application are expected to be the fastest-growing segment and are anticipated to hold over 40% of the total demand by 2024. Growth in the construction and electronics & electrical industry particularly in emerging markets of Asia Pacific & Latin American is expected to drive the UV curable resins demand in industrial segment.

Top Players of Ultraviolet (UV) Curable Resins Market:

Key companies in the industry include BASF SE, Covestro AG, The Nippon Synthetic Chemical Industry Co., Ltd, Allnex Belgium SA/NV, Hitachi Chemical Co., Ltd, IGM Resins B.V., Eternal Materials Co., Ltd., Sartomer, Jiangsu Sanmu Group Corporation, DSM N.V, SolTech Ltd., and Toagosei Co., Ltd.

Market Segmentation of Ultraviolet (UV) Curable Resins Market:

The Global Ultraviolet (UV) Curable Resins Market segmented on the basis Composition, Application and Region.

By Composition:

    Monomers
    Oligimers
    Photoinitiators

By Application:

    Wood Coating
    Graphics Art
    Industrial
    Automotive

By Region:

    North America
    Europe
    Asia Pacific
    Middle East & Africa
    Central & South America

Inquire about Ultraviolet Curable Resins Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1886
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