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Global UV Curable Resins and Formulated Products Market

UV Curable Resins and Formulated Products Market By Composition Type (Oligomers, Monomers, Photoinitiators, Additives) By Chemistry (Non-acrylated Oligoamines, Acrylate Oligomers) By Technology (Solventborne UV resins, 120% Solid UV resins, Waterborne UV resins, Powder UV resins) By Application (Coatings, Overprint Varnishes, Printing Inks, Adhesives, Others) , Size and Segment by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2016 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

UV Curable Resins and Formulated Products Market Size was valued at expected to reach USD 9.21 billion by 2028, and USD 4.7 billion in 2021 and grow at a CAGR of 12 % over the forecast period 2022-2028.

UV is a type of radiation that can be used to heal. Glues, coatings, and inks are the things that are used in this process. This technology can help heal people right away. For photopolymerization, ultraviolet light is used in many products, such as glues, inks, and coatings.

UV Curable Resins and Formulated Products Market Revenue Graph

There are many kinds of resins on the market today. They have a lot of different benefits that make them good for different uses. Some of the benefits of using it are that it is very productive, wastes less, and doesn't get too hot. This product is good for optical holding because it has a high energy density. These resins that harden can be put into two groups: oligomers and monomers.

In the past few years, polyester resins have become more popular. There are many ways to use them. Polyester and polyethene can use resins that harden when exposed to UV light. UV curable resins are in high demand because industrial coatings need to be very good. There is a huge need for this equipment in the developing countries. This market will grow quickly because more industrial work is being done. All of these things are likely to increase the market value of UV Curable Resins and Formulated Products as a whole.

Market Dynamics:

Drivers:

  • Environmental worries, more people becoming aware, and strict rules

  • UV-curable resin coatings do a good job

  • Better qualities

Restraints: 

  • Need to dry sensitive substrates with heat

  • High cost to set up

Opportunity:

  • Putting together new technologies

  • UV inks are in high demand.

Challenge:

  • Grain Raising in Wooden Substrates

  • Problems with the environment caused by dumping wastewater

  • Finishing Flaws Caused by Not Drying Enough

Impact of Covid-19:

Due to a drop in end-use applications, COVID-19 has hurt the demand for UV curable resins and formulated products all over the world. COVID-19 messed up the value chain of UV-curable resins at the start of 2020. China was hit hard by the pandemic, so the government told 21 provinces to stay inside. Wuhan and Hubei provinces are the most important places for manufacturing and trade, but they were shut down. This changed the supply chain of the market for UV curable resins and products made with them. Later, the pandemic spread to places in Europe and North America.

Because of the lockdowns in different countries, workers can't be sent to factories to make things. Demand from different applications has gone down because many projects had to stop because of strict lockdown rules. But the demand for UV-curable resins and products that are made with them is expected to rise as many applications reach their normal processing stages.

Key Players:

Hitachi Chemical., Jiangsu Litian Technology Co., Ltd., TOAGOSEI CO., LTD., BASF SE, Arkema Group, Allnex Belgium S.A., DSM-AGI, Eternal Materials, Dymax Corporation, Jiangsu Sanmu Group Co., Ltd.

Market Segment:

By Composition Type:

  • Oligomers

  • Monomers

  • Photoinitiators

  • Additives

By Chemistry:

  • Non-acrylated Oligoamines

  • Acrylate Oligomers

By Technology:

  • Solventborne UV resins

  • 120% Solid UV resins

  • Waterborne UV resins

  • Powder UV resins

By Application:

  • Coatings

  • Overprint Varnishes

  • Printing Inks

  • Adhesives

  • Others

UV Curable Resins and Formulated Products Market Segment Chart

Regional Analysis:

Asia-Pacific, Europe, and North America are all different parts of the UV curable resins market. Asia and the Pacific has the most shares in the market. There are a lot of things that make people want to buy in this market. There is a leader at the top of the market, which has led to high growth. In Asia and the Pacific, there are new technological advances. A lot of end users will come to the market when new products come out. North America is another place where shares are high. It was one of the first places to use UV resins. In this area, demand is driven by the need for coatings that are good for the environment. Europe is another area with a lot of room to grow.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

UV Curable Resins and Formulated Products Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.7 Billion
Market Size by 2028 US$ 9.21 Billion
CAGR CAGR of 12% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Composition Type (Oligomers, Monomers, Photoinitiators, Additives)
• By Chemistry (Non-acrylated Oligoamines, Acrylate Oligomers)
• By Technology (Solventborne UV resins, 120% Solid UV resins, Waterborne UV resins, Powder UV resins)
• By Application (Coatings, Overprint Varnishes, Printing Inks, Adhesives, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hitachi Chemical., Jiangsu Litian Technology Co., Ltd., TOAGOSEI CO., LTD., BASF SE, Arkema Group, Allnex Belgium S.A., DSM-AGI, Eternal Materials, Dymax Corporation, Jiangsu Sanmu Group Co., Ltd.)
DRIVERS • Environmental worries, more people becoming aware, and strict rules
• UV-curable resin coatings do a good job
• Better qualities
Restraints • Need to dry sensitive substrates with heat
• High cost to set up


Frequently Asked Questions (FAQ) :

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Hitachi Chemical., Jiangsu Litian Technology Co., Ltd., TOAGOSEI CO., LTD., BASF SE, Arkema Group, Allnex Belgium S.A., DSM-AGI, Eternal Materials, Dymax Corporation, Jiangsu Sanmu Group Co., Ltd. are the major key players of  UV Curable Resins and Formulated Products Market.

 

Ans: Due to a drop in end-use applications, COVID-19 has hurt the demand for UV curable resins and formulated products all over the world. COVID-19 messed up the value chain of UV-curable resins at the start of 2020. China was hit hard by the pandemic, so the government told 21 provinces to stay inside. Wuhan and Hubei provinces are the most important places for manufacturing and trade, but they were shut down. This changed the supply chain of the market for UV curable resins and products made with them. Later, the pandemic spread to places in Europe and North America.

Ans: Putting together new technologies and UV inks are in high demand are the opportunity for UV Curable Resins and Formulated Products Market.

Ans: UV Curable Resins and Formulated Products Market Size was valued at expected to reach USD 9.21 billion by 2028, and USD 4.7 billion in 2021 and grow at a CAGR of 12 % over the forecast period 2022-2028.


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. UV Curable Resins and Formulated Products Market Segment, By Composition Type:

8.1 Oligomers

8.2 Monomers

8.3 Photoinitiators

8.4 Additives

 

9. UV Curable Resins and Formulated Products Market Segment, By Chemistry:

9.1 Non-acrylated Oligoamines

9.2 Acrylate Oligomers

 

10. UV Curable Resins and Formulated Products Market Segment, By Technology:

10.1 Solventborne UV resins

10.2 120% Solid UV resins

10.3 Waterborne UV resins

10.4 Powder UV resins

 

11. UV Curable Resins and Formulated Products Market Segment, By Application:

11.1 Coatings

11.2 Overprint Varnishes

11.3 Printing Inks

11.4 Adhesives

11. 5 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4Rest

12.6Latin America

12.6.1Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profile

13.1 Hitachi Chemical.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Jiangsu Litian Technology Co., Ltd.

13.3 TOAGOSEI CO., LTD.

13.4 BASF SE

13.5 Arkema Group

13.6 Allnex Belgium S.A.

13.7 DSM-AGI

13.8 Eternal Materials

13.9 Dymax Corporation

13.10 Jiangsu Sanmu Group Co., Ltd.

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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