Ultraviolet (UV) Curable Resins Market Will Hit Big Revenue in Future by Size, Share, Growth and Top Manufacturers Analysis

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  UV curable resins are thought to be one of the most rapidly growing technologies in the graphic arts, coatings, adhesives, and other related industries. UV cured coatings are now used by a variety of end-use product manufacturers to achieve customer satisfaction and environmental compliance. UV curing technology outperforms in terms of chemical resistance and physical properties. The latest trend in the UV curable resins market is the development of new and improved photoinitiators. To improve their performance, conventional photoinitiators incorporate enhancements such as a wider photosensitive wavelength band and better photoinitiator solubility.

  One of the major drivers of the global Ultraviolet (UV) curable resins market is the increased use of environmentally friendly industrial coatings. Furthermore, a surge in demand for UV curable inks in packaging applications is expected to drive market growth. The limited light penetration depth of UV curable resins, on the other hand, is expected to stymie market growth.

The wavelength and spectral distribution determine light penetration depth, which usually does not exceed a few millimeters in the case of UV curable resins. As a result, the application of UV curable resins is limited to inks, coatings, and adhesives, limiting the market growth.

   The global Ultraviolet (UV) curable resins market, on the other hand, has yet to reach its full potential. The increased use of UV-curable resins in 3D printing, barrier films, and digital printing, packaging, and printed circuit boards is expected to provide the market with lucrative growth opportunities. The fastest-growing segment is expected to be acrylate urethanes. The reason for this is that UV curable acrylate urethanes have excellent all-around performance properties on a variety of substrates. Depending on the prepolymer used, these resins have well to excellent film hardness, elasticity, and cure speed. Because of their superior durability and flexibility, they are widely used in resilient floor coatings and as coatings for flexible packaging.

Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group are the key players in the UV curable resin market. To remain competitive in the industry, these market participants are implementing various strategies such as product launch, acquisition, merger, business expansion, and so on. For example, in December 2016, BASF SE announced the addition of five new standard epoxy acrylates from the Laromer EA product family to its UV resins portfolio for radiation-curable coatings and printing inks.

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