Market Overview:
The global photocurable resins market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for photocurable resins in various applications such as graphic arts, electronics, industrial coatings, adhesives, composites and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing demand for photocurable resins from countries such as China and India.
Product Definition:
A photocurable resin is a type of polymer that can be hardened or cured using light. This process is often used in the manufacture of optical lenses, where the resin is used to form a mold that will then be filled with glass. Photocurable resins are also used in 3D printing, where they are used to create objects by layering thin strips of plastic.
Monomers:
Monomers are organic compounds and their derivatives that remain unchanged by light. They can be further polymerized to form polymers, which are the most common materials used in injection molding, extrusion and castings. Monomers have a high demand from various end-use industries such as construction & building, automotive & transportation, electronics & electrical and packaging among others.
Oligomers:
Oligomers are short aliphatic chains of carbon number 10 or less. Oligomers can be produced by polymerization of ethylene, propylene, and butadiene. They have low molecular weight compared to polymers and hence are preferred in photopolymers for their superior properties such as high glass transition temperature (Tg), low viscosity, high melting point & crystalline nature etc.
Application Insights:
The global photocurable resins market is segmented on the basis of application into graphic arts, electronics, industrial coatings, adhesives and composites. The industrial coatings segment accounted for a major share in 2015 owing to increasing demand from various end-use industries such as automotive and construction. Increasing use of photoresist in manufacturing semiconductor devices has also driven the growth of this application over the recent past.
The adhesives segment is expected to witness significant growth over the forecast period due to rising applications across several industries such as food packaging, medical equipment & appliances assembly where high performance and durability are required by customers. In addition, growing use of UV curable products for lamination applications will drive product demand in this sector over the next few years.
Graphic arts was another key application area that accounted for a substantial share in 2015 owing to increased usage across several commercial print projects including magazines (print) advertisements (digital).
Regional Analysis:
Asia Pacific was the leading revenue contributor in 2016 and is anticipated to witness a significant CAGR over the forecast period. This growth can be attributed to rising product demand from end-use industries such as electronics, industrial coatings, adhesives & sealants, and others. The region is expected to register a CAGR of XX%, in terms of volume, during the forecast period owing to rapid industrialization along with increasing foreign investments coupled with favorable government policies promoting domestic manufacturing activities in key economies including China and India.
The market for photopolymers in Europe accounted for 23% of global revenue share in 2016 on account of high production volumes generated by major manufacturers including BASF SE; Eastman Chemical Co.; Henkel AG & Co.; Evonik Industries AG; Italfa SpA; Royal Dutch Shell Plc’s downstream subsidiary Shell Chemicals (Europe) Ltd.
Growth Factors:
- Increasing demand for 3D printing technology: The increasing demand for 3D printing technology is one of the major growth drivers for the photocurable resins market. This is because 3D printing technology offers a number of advantages over traditional manufacturing processes, such as reduced lead times, improved product quality, and lower manufacturing costs.
- Rising demand from end-use industries: The growing demand from end-use industries such as automotive, aerospace & defense, and medical devices is another key factor driving the photocurable resins market. Photocurable resins are used in a wide range of applications in these industries including prototyping, tooling & moldmaking, and final part production.
- Technological advancements: The development of new photocurable resin formulations that offer better performance characteristics is another key driver for the market growth. In addition, technological advancements in 3D printing technologies are also aiding the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photocurable Resins Market Research Report
By Type
Monomers, Oligomers, Photoinitiaters
By Application
Graphic Arts, Electronics, Industrial Coatings, Adhesives, Composites, Others
By Companies
Cytec, Sartomer, Eternal, BASF, Arkema, IGM Resins, Cytec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Photocurable Resins Market Report Segments:
The global Photocurable Resins market is segmented on the basis of:
Types
Monomers, Oligomers, Photoinitiaters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Graphic Arts, Electronics, Industrial Coatings, Adhesives, Composites, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cytec
- Sartomer
- Eternal
- BASF
- Arkema
- IGM Resins
- Cytec
Highlights of The Photocurable Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monomers
- Oligomers
- Photoinitiaters
- By Application:
- Graphic Arts
- Electronics
- Industrial Coatings
- Adhesives
- Composites
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photocurable Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photocurable resins are a type of resin that can be cured by exposure to light. This means that they can be used to create products that are sensitive to light, such as lenses and mirrors.
Some of the major players in the photocurable resins market are Cytec, Sartomer, Eternal, BASF, Arkema, IGM Resins, Cytec.
The photocurable resins market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photocurable Resins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photocurable Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photocurable Resins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photocurable Resins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photocurable Resins Market Size & Forecast, 2020-2028
4.5.1 Photocurable Resins Market Size and Y-o-Y Growth
4.5.2 Photocurable Resins Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monomers
5.2.2 Oligomers
5.2.3 Photoinitiaters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Graphic Arts
6.2.2 Electronics
6.2.3 Industrial Coatings
6.2.4 Adhesives
6.2.5 Composites
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photocurable Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photocurable Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monomers
9.6.2 Oligomers
9.6.3 Photoinitiaters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Graphic Arts
9.10.2 Electronics
9.10.3 Industrial Coatings
9.10.4 Adhesives
9.10.5 Composites
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monomers
10.6.2 Oligomers
10.6.3 Photoinitiaters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Graphic Arts
10.10.2 Electronics
10.10.3 Industrial Coatings
10.10.4 Adhesives
10.10.5 Composites
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monomers
11.6.2 Oligomers
11.6.3 Photoinitiaters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Graphic Arts
11.10.2 Electronics
11.10.3 Industrial Coatings
11.10.4 Adhesives
11.10.5 Composites
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monomers
12.6.2 Oligomers
12.6.3 Photoinitiaters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Graphic Arts
12.10.2 Electronics
12.10.3 Industrial Coatings
12.10.4 Adhesives
12.10.5 Composites
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monomers
13.6.2 Oligomers
13.6.3 Photoinitiaters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Graphic Arts
13.10.2 Electronics
13.10.3 Industrial Coatings
13.10.4 Adhesives
13.10.5 Composites
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photocurable Resins Market: Competitive Dashboard
14.2 Global Photocurable Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cytec
14.3.2 Sartomer
14.3.3 Eternal
14.3.4 BASF
14.3.5 Arkema
14.3.6 IGM Resins
14.3.7 Cytec
