Global UV Curable Resins and Formulated Products Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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UV Curable Resins and Formulated Products Market to surge at 9.48% CAGR, rising functioning of UV curable resin coatings expected to propel growth

This report is anticipated to reach USD 7,024 million by 2030. According to a study by Fatpos Global, the market is estimated to portray a CAGR of 9.48% during the forecast period i.e. 2020-2030. As per the report, rising functioning of UV curable resin coatings is likely to drive the market for UV curable and formulated products in the coming years.
The demand from the end-use sectors is a key aspect boosting the development of the worldwide UV curable resins market. Some of the main uses of UV curable resins comprise of wood and paper coatings, plastic coatings, and adhesives among others. The rising industrialization and urbanization in the emerging regions across the globe are projected to upsurge the market in the coming years. The cost efficiency, productivity, longevity and low sustenance make it appropriate for several end-use industries, which is a primary aspect accelerating the market growth positively.
The market report on global UV curable and formulated products market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD 4,078 million.
• Based on composition, the photoinitiators segment emerged out as a key segment in the UV curable and formulated products market across the globe.
• On the basis of chemistry, the acrylate oligoamines segment came out to be the leading segment of the market.
• Based on application, the coatings segment emerged to be the key segment in the market for UV curable and formulated products.
• Region-wise, the market in Asia Pacific is witnessed to be the key market segment in the growth of the market.
• Key players are likely to focus on product innovations and expansion through union to retain their positions in developed markets.

The Ultra Violet (U.V.) Curable Resins and Formulated Products are substances that are polymerized and treated in a petite period by the vitality emitted from ultraviolet irradiation machines. These are mainly used as industrial supplies for sealing, bonding, and coating. The properties and gains which elucidate the application of U.V. treating resins are that the treating rate is rapid, the work hour capacity is reduced. The substances are not dealt with by U.V. emission, therefore, clear limitations and norms have to be followed. They are treated at low temperatures. Owing to the non-solvent nature, the U.V. resins assist good workflow and strong ability. There are various types of cured characteristics present.
Global UV curable and formulated products market is segmented by composition into oligomers, monomers, photoinitiators and additives. Among these, the photoinitiators segment emerged as the key segment, holding a market share of xx% in 2019. The market is segmented by chemistry into non-acrylate oligoamines, acrylate oligoamines and others. Among these, the acrylate oligoamines segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. On the basis of application, the market for UV curable and formulated products is segmented into wood & paper coatings, plastic coatings, metal coatings, printing inks, adhesives, 3D printing, adhesives, overprint varnishes and others. The coatings segment emerged as the leading segment in the market, holding xx% of the total market share in the year 2019. Region-wise, the worldwide UV curable and formulated products market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in Asia Pacific is witnessed to be the key segment, acquiring xx% of the total market share in 2019.

Key Players in the Market
Some of the key players in global UV curable and formulated products market are Allnex Group, Arkema, Royal DSM, Covestro AG, Nippon Gohsei, Hitachi Chemical Co. Ltd., IGM Resins B.V., Toagosei Co. Ltd., Miwon Specialty Chemical Co. Ltd., and BASF.

Get Valuable Insights into UV Curable Resins and Formulated Products Market
In the new report, Fatpos Global thrives to present an unbiased analysis the global UV curable and formulated products market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global UV curable and formulated products market is segmented by composition into oligomers, monomers, photoinitiators and additives. The market is divided by chemistry into non-acrylate oligoamines, acrylate oligoamines and others. On the basis of technology, the market for UV curable and formulated products is divided into waterborne UV, solvent-borne and 100% solid favorable powder UV. Based on application, the market is categorized into wood & paper coatings, plastic coatings, metal coatings, printing inks, adhesives, 3D printing, adhesives, overprint varnishes and others. On the basis of end-users, the market for UV curable resins and formulated products is divided into industrial coatings, graphic arts and electronics. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.

Abstract

Global UV Curable Resins and Formulated Products Market – By Composition (Oligomers, Monomers, Photoinitiators and Additives); By Chemistry (Non-Acrylate Oligoamines, Acrylate Oligoamines and Others); By Technology (Waterborne UV, Solvent-borne and 100% Solid Favorable Powder UV); By Application (Wood & Paper Coatings, Plastic Coatings, Metal Coatings, Printing Inks, Adhesives, 3D Printing, Adhesives, Overprint Varnishes and Others); By End-users (Industrial Coatings, Graphic Arts and Electronics); and Region – Analysis of Market Size, Shares & Trends for 2016-2019 and Forecasts to 2030
Product Overview
Ultra Violet (U.V.) Curable Resins and Formulated Products are substances that are polymerized and treated in a petite period by the vitality emitted from ultraviolet irradiation machines. These are mainly used as industrial supplies for sealing, bonding, and coating. The properties and gains which elucidate the application of U.V. treating resins are that the treating rate is rapid, the work hour capacity is reduced.
Market Highlights
Global UV curable and formulated products market is expected to exceed USD 7,024 million by 2030 from USD 4,078 million in 2019 at a CAGR of 9.48% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of rising functioning of UV curable resin coatings.
Global UV resins and Formulated Products Market: Segments
The Photoinitiators segment to grow with the fastest CAGR of xx% during 2020-2030
Global UV resins and formulated products market is segmented by Composition into Oligomers, Monomers, Photoinitiators and Additives. Among these, the photoinitiators segment is estimated to hold the largest market share of xx% in 2019. The photoinitiators are projected to experience the steadfast growth in the coming years owing to wide research and technological expansions in the photoinitiators field and also the growth and advancement of new resins.
Global UV Resins and Formulated Products Market: Market Dynamics
Driver
Increasing Functioning of UV Curable Resin Coatings
Water-borne UV curable coatings have been built lately to decrease the use of VOC and reactive diluents. Water is utilized as a diluent or dissolving medium in these coatings as it can reduce air pollution and the possibility of fire as well as enhance occupational health and safety. It is simpler to handle the thickness of water-based preparation and appropriate to smear and clean. For the water-borne UV curable system, the thickness can be controlled by managing the absorption and molecular weight of oligomers. Waterborne UV curable coatings enable excellent luster and thickness management, and hence, can be applied easily with reduced or no technical problems VOCs/HAPs.
Restraint
High Setting-up Cost
High setting-up cost of the UV curable resins production factories have been recognized as a key obstacle in the UV curable resins market. It is observed that the original cost of devising tools can be more than the cost suffered on traditional coating technologies. Also, the UV curing machine is more expensive than the traditional one. The concentration of this restraint is particularly higher in Asian regions, as they are more cost-subtle. Therefore, the high setting-up cost of these producing factories hinders the UV curable resins market growth.
Global UV Resins and Formulated Products Market: Regions
Asia Pacific to surge at the highest CAGR of xx% during 2020-2030
Region-wise, the market for UV resins and formulated products across the globe is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, Asia Pacific is witnessed to constitute xx% of the total market share in the year 2019. Aspects such as emerging ecological & regulatory circumstances, rising consumer consciousness (including sensitivity to health and safety), vagueness about oil price, and burden from key companies agreeing to enhance the environmental functioning of their supply chain have led to a raised demand for UV curable resins & formulated products in the Asia Pacific region.
Global UV Resins and Formulated Products Market: Key Players
• Allnex Group
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Arkema
• Royal DSM
• Covestro AG
• Nippon Gohsei
• Hitachi Chemical Co. Ltd.
• IGM Resins B.V.
• Toagosei Co. Ltd.
• Miwon Specialty Chemical Co. Ltd.
• BASF

The market report on global UV resins and formulated products also contains the following in-depth analysis:
• UV Resins and Formulated Products Market Segments:
o By Composition
§ Oligomers
§ Monomers
§ Photoinitiators
§ Additives
o By Chemistry
§ Non-Acrylate Oligoamines
§ Acrylate Oligomines
§ Others
o By Technology
§ Waterborne UV
§ Solvent-borne
§ 100% Solid UV
§ Powder UV
o By Application
§ Wood & Paper Coatings
§ Plastic Coatings
§ Metal Coatings
§ Printing Inks
§ Adhesives
§ 3D Printing
§ Overprint Varnishes
§ Others
o By End-users
§ Industrial Coatings,
§ Graphic Arts
§ Electronics
o By Region
§ North America
§ Latin America
§ Europe
§ Middle East & Africa
§ Asia Pacific
• UV Resins and Formulated Products Market Dynamics
• UV Resins and Formulated Products Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Table of Contents

Contents
1. Executive Summary
2. UV Curable Resins and Formulated Products
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. Recent Development, Policies & Regulatory Landscape
7. Risk Analysis
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. UV Curable Resins and Formulated Products Industry Analysis
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. Global UV Curable Resins and Formulated Products Market
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. Global UV Curable Resins and Formulated Products: Market Segmentation
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Composition: Market Share (2020-2030F)
10.2.1. Oligomers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Monomers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.3. Photoinitiators, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.4. Additives, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Chemistry: Market Share (2020-2030F)
10.3.1. Non-Acrylic Oligoamines, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Acrylic Oligoamines, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Technology: Market Share (2020-2030F)
10.4.1. Waterborne UV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Solvent-borne, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.3. 100% Solid UV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.4. Powder UV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Application: Market Share (2020-2030F)
10.5.1. Wood & Paper Coatings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Plastic Coatings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.3. Metal Coatings,
10.5.4. Printing Inks,
10.5.5. Adhesives,
10.5.6. 3D Printing,
10.5.7. Overprint Varnishes,
10.5.8. Others,
10.6. By End-users: Market Share (2020-2030F)
10.6.1. Industrial Coatings, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.2. Graphic Arts, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.3. Electronics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. Company Profile
11.1. Allnex Group
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Arkema
11.3. Royal DSM
11.4. Covestro AG
11.5. Nippon Gohsei
11.6. Hitachi Chemical Co. Ltd.
11.7. IGM Resins B.V.
11.8. Toagosei Co. Ltd.
11.9. BASF
11.10. Miwon Specialty Chemical Co. Ltd.
12. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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