Market Overview:
The global UV curing resin market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for UV curing resins in various applications, such as furniture, photo frames, polycarbonate, and others. In addition, the growing demand for water-based and solvent-based UV curing resins is also contributing to the growth of the market. The water-based resin segment is projected to grow at a higher CAGR than the solvent-based resin segment during the forecast period. This can be attributed to its properties such as environmental friendliness and low toxicity.
Product Definition:
UV curing resin is a type of adhesive that is specifically designed to be cured using ultraviolet light. This type of resin is important because it can be used to create strong and durable bonds between different surfaces. Additionally, it can be used in a variety of applications, including automotive manufacturing, construction, and more.
Water-based Resins:
Water-based resins are widely used in the production of UV curable resin. The growth factor for water-based resins is increasing its usage as a substitute to solvent-based resin. Waterborne technology has been around for quite some time; however, it has only recently started to gain market share over its counterparts due to environmental and other government regulations that demand less toxic products be used in place of traditional solvents.
Solvent-based Resins:
Solvent-based resins are widely used in the production of UV curable resin. They are also used as adhesives and sealants in various end-use industries such as construction, automotive, electronics & appliances and marine. Solvent-based resins have a high demand owing to their low cost compared to other alternatives coupled with excellent performance characteristics such as quick cure time, good mechanical strength and thermal stability.
Application Insights:
The photo frames application segment led the global market in 2017. This is attributed to increasing demand for UV curable resins from various end-use industries, such as electronics, footwear and jewelry. Photo frames are a popular gift item during weddings and other social occasions; therefore, manufacturers are focusing on developing innovative products with enhanced features that would appeal to consumers.
The furniture application segment is anticipated to witness significant growth over the forecast period owing to rising demand for premium quality furniture from residential and commercial applications. Furniture items such as sofas and chairs require frequent cleaning due to spillage of food or beverage along with daily grime build-up on these surfaces. Cleaning often leads to wear & tear of the fabric upholstery which requires regular maintenance tasks in households across different regions globally.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030. This is attributed to increasing per capita income, growing population, rising living standards and rapid urbanization in emerging economies such as China and India. Furthermore, low production costs coupled with availability of skilled labor are some other factors driving the UV curbing resins manufacturers to set up their manufacturing units in this region.
The furniture industry is one of the prominent application industries for these curing compounds owing to high demand from residential as well as commercial sectors across Asia Pacific countries such as Japan, South Korea, Australia among others. The growth of this sector can be attributed for increased spending on household appliances including refrigerators/freezers among consumers which results into increased sales volume for furniture producers over a period of time.
Growth Factors:
- Increasing demand for UV curing resin in the automotive and aerospace industries due to its high performance and durability.
- Growing demand for UV curing resin from the medical device and electronics industries due to its superior properties such as low shrinkage, good thermal stability, and excellent adhesion.
- Rising popularity of LED-based UV curing systems that offer faster cure times, improved energy efficiency, and reduced environmental impact.
- Proliferation of inkjet printing technology in various applications requiring fast-curing resins with superior quality finishes.
Scope Of The Report
Report Attributes
Report Details
Report Title
UV Curing Resin Market Research Report
By Type
Water-based Resins, Solvent-based Resins
By Application
Furniture, Photo Frames, Polycarbonate, Others
By Companies
BASF, Hitachi, Miwon, DIC Corporation, Arakawa Chemical Industries, Allnex, DSM - AGI, Arkema, JASDI Chemicals, Allenex Belgium, Shanghai Phichem, Tianjin Jiuri New, Kuangshun
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global UV Curing Resin Market Report Segments:
The global UV Curing Resin market is segmented on the basis of:
Types
Water-based Resins, Solvent-based Resins
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
Furniture, Photo Frames, Polycarbonate, 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:
- BASF
- Hitachi
- Miwon
- DIC Corporation
- Arakawa Chemical Industries
- Allnex
- DSM - AGI
- Arkema
- JASDI Chemicals
- Allenex Belgium
- Shanghai Phichem
- Tianjin Jiuri New
- Kuangshun
Highlights of The UV Curing Resin 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:
- Water-based Resins
- Solvent-based Resins
- By Application:
- Furniture
- Photo Frames
- Polycarbonate
- 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 UV Curing Resin 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
UV curing resin is a type of resin that cures under ultraviolet light. This type of resin is used to create products such as plastic and metal parts, signs, and sculptures. UV curing resins are often used in the manufacturing of products that need to be durable and resistant to weathering.
Some of the major companies in the uv curing resin market are BASF, Hitachi, Miwon, DIC Corporation, Arakawa Chemical Industries, Allnex, DSM - AGI, Arkema, JASDI Chemicals, Allenex Belgium, Shanghai Phichem, Tianjin Jiuri New, Kuangshun.
The uv curing resin market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV Curing Resin 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 UV Curing Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 UV Curing Resin 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 UV Curing Resin 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 UV Curing Resin Market Size & Forecast, 2020-2028
4.5.1 UV Curing Resin Market Size and Y-o-Y Growth
4.5.2 UV Curing Resin 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 Water-based Resins
5.2.2 Solvent-based Resins
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 Furniture
6.2.2 Photo Frames
6.2.3 Polycarbonate
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV Curing Resin 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 UV Curing Resin 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 Water-based Resins
9.6.2 Solvent-based Resins
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 Furniture
9.10.2 Photo Frames
9.10.3 Polycarbonate
9.10.4 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 Water-based Resins
10.6.2 Solvent-based Resins
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 Furniture
10.10.2 Photo Frames
10.10.3 Polycarbonate
10.10.4 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 Water-based Resins
11.6.2 Solvent-based Resins
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 Furniture
11.10.2 Photo Frames
11.10.3 Polycarbonate
11.10.4 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 Water-based Resins
12.6.2 Solvent-based Resins
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 Furniture
12.10.2 Photo Frames
12.10.3 Polycarbonate
12.10.4 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 Water-based Resins
13.6.2 Solvent-based Resins
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 Furniture
13.10.2 Photo Frames
13.10.3 Polycarbonate
13.10.4 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 UV Curing Resin Market: Competitive Dashboard
14.2 Global UV Curing Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Hitachi
14.3.3 Miwon
14.3.4 DIC Corporation
14.3.5 Arakawa Chemical Industries
14.3.6 Allnex
14.3.7 DSM - AGI
14.3.8 Arkema
14.3.9 JASDI Chemicals
14.3.10 Allenex Belgium
14.3.11 Shanghai Phichem
14.3.12 Tianjin Jiuri New
14.3.13 Kuangshun
