Market Overview:
The global UV resin market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for UV resins in various applications such as 3D printing, adhesives, and coatings. In terms of type, the solventborne UV resin segment is expected to lead the market during the forecast period owing to its properties such as high solids content and low viscosity. In terms of region, Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising demand from countries such as China and India. Some of the key players operating in this market are BASF SE (Germany), Huntsman Corporation (US), Royal DSM N.V.(Netherlands), Covestro AG (Germany), Evonik Industries AG (Germany) and Solvay S.A.(Belgium).
Product Definition:
UV resin is a liquid plastic that cures (hardens) when exposed to ultraviolet light. It is used in a variety of applications, including jewelry making, woodworking, and boatbuilding. UV resin has many advantages over other types of resin, including its strength, durability, and resistance to weathering.
Solventborne UV Resins:
Solventborne UV resins are a special type of coating, which is applied to the substrate by using a solvent. The most commonly used solvents are xylene and toluene. These resins possess high solid content and low water content, as compared to other coatings such as water-based coatings or emulsion coatings. Solventborne UV resin has higher solid content ranging from 60% - 90%, while water-based UV resin contains less than 40%.
100% Solids UV Resins:
100% solids UV resins are high molecular weight polymers. They have a completely different molecular structure from the other type of resins such as modified, hybrid or cross-linked type. The 100% solid UV resin has no additives and is produced directly by polymerization of monomer such as styrene acrylonitrile butadiene styrene (SAN).
Application Insights:
The demand for the product in 3D printing is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its ability to cure with UV light, which helps create strong bonds between materials. The growing adoption of 3D printers across various applications such as construction, automotive and medical among others has led to an increased need for resins that are capable of handling high temperatures. This factor is anticipated to drive the market over the forecast period.
The increasing use of UV curable resin systems in manufacturing durable end-use products such as industrial fasteners and bonding agents is expected drive revenue generation through OEM sales and license agreements with manufacturers active across various regions globally. In addition, technological advancements coupled with innovations in formulation are further likely fuel market growth during the study period.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of global UV resins consumption owing to rapid industrialization, low labor cost, availability of land & raw materials, and high population density. China emerged as a major consumer in this region on account of rising demand from various end-use industries including automotive, electronics & electricals, construction among others.
North America is projected to grow at a significant rate over the forecast period owing to increasing R&D investments by companies coupled with technological innovations that have led to development of new products within an affordable price range thus making them accessible for common consumers across U.S.
Growth Factors:
- Increasing demand for UV resin in the automotive and aerospace industries due to its high performance and durability properties.
- Growing demand for UV resin from the medical industry for manufacturing dental products, medical implants, and other surgical instruments.
- Rising popularity of 3D printing technology that uses UV resin as a key component to produce three-dimensional objects layer by layer.
- Increasing use of UV resin in construction industry for manufacturing window frames, door frames, roofing tiles, and other architectural elements.
Scope Of The Report
Report Attributes
Report Details
Report Title
UV Resin Market Research Report
By Type
Solventborne UV Resins, 100% Solids UV Resins, Waterborne UV Resins, Powder UV Resins
By Application
3D Printing, Adhesives, Coating
By Companies
Allnex Netherlands, Alberdingk Boley GmbH, BASF SE, DSM-AGI, Covestro AG, KIVI Markings, Formlabs, Polydiam Industries
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global UV Resin Market Report Segments:
The global UV Resin market is segmented on the basis of:
Types
Solventborne UV Resins, 100% Solids UV Resins, Waterborne UV Resins, Powder UV 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
3D Printing, Adhesives, Coating
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:
- Allnex Netherlands
- Alberdingk Boley GmbH
- BASF SE
- DSM-AGI
- Covestro AG
- KIVI Markings
- Formlabs
- Polydiam Industries
Highlights of The UV 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:
- Solventborne UV Resins
- 100% Solids UV Resins
- Waterborne UV Resins
- Powder UV Resins
- By Application:
- 3D Printing
- Adhesives
- Coating
- 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 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
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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?
UV resin is a type of UV-curable adhesive that can be used to adhere materials together. It is often used in the construction and manufacturing industries, as it has a high strength and resistance to water and other chemicals.
Some of the major players in the uv resin market are Allnex Netherlands, Alberdingk Boley GmbH, BASF SE, DSM-AGI, Covestro AG, KIVI Markings, Formlabs, Polydiam Industries.
The uv resin market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV 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 Resin Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 UV 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 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 Resin Market Size & Forecast, 2020-2028 4.5.1 UV Resin Market Size and Y-o-Y Growth 4.5.2 UV 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 Solventborne UV Resins
5.2.2 100% Solids UV Resins
5.2.3 Waterborne UV Resins
5.2.4 Powder UV 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 3D Printing
6.2.2 Adhesives
6.2.3 Coating
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV 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 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 Solventborne UV Resins
9.6.2 100% Solids UV Resins
9.6.3 Waterborne UV Resins
9.6.4 Powder UV 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 3D Printing
9.10.2 Adhesives
9.10.3 Coating
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 Solventborne UV Resins
10.6.2 100% Solids UV Resins
10.6.3 Waterborne UV Resins
10.6.4 Powder UV 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 3D Printing
10.10.2 Adhesives
10.10.3 Coating
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 Solventborne UV Resins
11.6.2 100% Solids UV Resins
11.6.3 Waterborne UV Resins
11.6.4 Powder UV 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 3D Printing
11.10.2 Adhesives
11.10.3 Coating
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 Solventborne UV Resins
12.6.2 100% Solids UV Resins
12.6.3 Waterborne UV Resins
12.6.4 Powder UV 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 3D Printing
12.10.2 Adhesives
12.10.3 Coating
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 Solventborne UV Resins
13.6.2 100% Solids UV Resins
13.6.3 Waterborne UV Resins
13.6.4 Powder UV 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 3D Printing
13.10.2 Adhesives
13.10.3 Coating
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 Resin Market: Competitive Dashboard
14.2 Global UV Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allnex Netherlands
14.3.2 Alberdingk Boley GmbH
14.3.3 BASF SE
14.3.4 DSM-AGI
14.3.5 Covestro AG
14.3.6 KIVI Markings
14.3.7 Formlabs
14.3.8 Polydiam Industries