UV-Curable Resins Market Share

UV-curable resins are a type of substance that hardens or cures when exposed to ultraviolet (UV) radiation, making them an environmentally acceptable alternative to traditional solvent-based paints and adhesives. When exposed to UV light, the monomers and oligomers that make up these resins undergo a photochemical reaction that rapidly transforms them from a liquid to a solid state. Among other benefits, this curing technique is more environmentally friendly due to its quicker manufacturing cycles, lower energy use, and solvent-free nature.

According to SPER market research, ‘Global UV-Curable Resins Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global UV-Curable Resins Market is predicted to reach 13.57 Billion by 2034 with a CAGR of 10.78%.

Drivers: The quick polymerization process of UV-curable resins, which turns them from liquid to solid in seconds or milliseconds when exposed to UV light, is making them more and more popular in a variety of industries. These resins are frequently utilized in 3D printing applications, adhesives, packaging, coatings, and overprint varnish. Waste materials created during these procedures are managed in accordance with strict Environmental Protection Agency (EPA) rules. Limiting exposure to dangerous chemicals is another way that regulatory agencies prioritize workplace safety. When compared to conventional alternatives, UV-curable resins usually contain fewer dangerous components, making them a safer choice for both workers and manufacturers and guaranteeing a healthier working environment.

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Restraints: A major issue with aqueous UV coatings is grain rising; wood swells and produces uneven surfaces due to moisture, humidity, and intense sanding. To prevent corrosion and coating failure, oil-based paints or high-quality primers are advised. Additionally, the substrate compatibility of UV-curable resins is limited, especially for materials that are UV light-sensitive or contain light-blocking compounds. Pre-treatments like priming or sanding are often required, which makes the UV-curing process more difficult and costly.

Global UV-Curable Resins Market Key Players:

In 2024, the market for UV-curable resins in North America dominated the sector as companies embraced these resins due to increased environmental concerns. Some significant market players are Arkema Group, Astorg (IGM Resins), BASF SE, Covestro AG, DSM, Geminor, Jiangsu Litian Technology Co., Ltd., Mitsubishi Chemical Europe GmbH (Nippon-Gohsei)

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UV-Curable Resins Market Share

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