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Global UV curable resins & formulated products market growth to be majorly driven by increasing demand from the coating industry across the globe

UV curable resins & formulated products market

Increasing demand for these products form various coating industries is a major factor projected to drive growth of the target market over the forecast period.

The global UV curable resins & formulated products market report has been segmented on the basis of basis of composition, chemistry, technology, application, and region.

On the basis of composition, the global market has been segmented into oligomers, monomers, photo-initiators, and additives. The oligomers segment is expected to account for major share in terms of revenue in the global UV curable resins & formulated products market. The oligomers segment revenue is also anticipated to register highest CAGR over the forecast. This is owing to its increasing application in manufacturing paper coatings, wood coating, overprint varnish, in ink application (offset and screen), among others.

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On the basis of application, the global UV curable resins & formulated products market has been segmented into wood & paper coating, plastic coating, metal coating, overprint varnish, printing inks, 3D printing, and adhesives. The wood & paper coating is expected to account for significant revenue share in the global market in terms of revenue.

On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific market is estimated to dominate with major revenue share in the global market in 2017. Asia Pacific market is also projected to register highest CAGR in terms of revenue in the next few years, owing to increasing demand from coating industry in countries in this region.

Key players operating in the global UV curable resins & formulated products market include Arkema S.A., BASF SE, Koninklijke DSM N.V., Toagosei Co., Ltd., Allnex Belgium SA, Covestro AG, Nippon Gohsei (UK) Limited, Hitachi Chemical Company, Ltd., IGM Resins B.V., and Miwon Specialty Chemical Co., Ltd.

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