DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The "UV Curable Resins Market by Formulation, by Application, by End User, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.

The global UV curable resins market was valued at $3,473.9 million in 2017 and is expected to reach $5,403.9 million in 2023, advancing at a CAGR of 7.7% during the forecast period.

The market growth is mainly driven by the increasing use of environment-friendly industrial coatings and growing demand for UV curable inks for packaging purposes.

Based on formulation, the UV curable resins market is categorized into oligomers, monomers, photoinitiators, and others (additives and pigments). Among all types, oligomers recorded the highest volume sales in the market, accounting for more than 45.0% share in 2017. The superior properties of oligomers over other formulations, such as fast curing, good chemical resistance, high gloss, and relatively low cost are attributing to its largest share.

On the basis of application, the UV curable resins market is categorized into coatings, inks, adhesives, and others (masking materials, filling materials, soldering materials, and staping motor protective layers). Of these, coatings was the largest application area in the market, accounting for more than 45.0% volume sales share in 2017. The use of UV coatings has increased significantly over the years in the electronics industry for laptops, mobile phones, and game console coatings. The main reason for this growth is its excellent performance such as outdoor durability, good wear resistance, and resistance against household chemicals.

In terms of end user, the UV curable resins market is segmented into industrial coatings, graphic arts, electronics, and others (aerospace, defence, and mining industries). Of these, industrial coatings constituted the largest category in the market, accounting for more than 55.0% volume sales share in 2017. With legislators focusing on reducing solvent emissions from the coating process through laws such as the Solvent Emissions Directive (SED) and Decopaint Directive (DPD), there is a rising trend toward the use of environment-friendly industrial coating systems, thus fueling the market growth of the category.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global Market Size And Forecast

Chapter 6. North America Market Size And Forecast

Chapter 7. Europe Market Size And Forecast

Chapter 8. APAC Market Size And Forecast

Chapter 9. Row Market Size And Forecast

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

BASF Toagosei 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

For more information about this report visit https://www.researchandmarkets.com/research/hcbx4n/uv_curable_resins?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005601/en/

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Related Topics:Plastic Resins



SOURCE: Research and Markets

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PUB: 09/04/2018 10:54 AM/DISC: 09/04/2018 10:54 AM