Global Ultraviolet Curable Resin Market Size Study, by Composition, Chemistry, Application, Technology, and Regional Forecasts 2022-2032

Description

The Global Ultraviolet Curable Resin Market, valued at approximately USD 6.03 billion in 2023, is projected to expand at a robust CAGR of 7.50% during the forecast period 2024-2032, reaching an estimated market size of USD 11.56 billion by 2032. Ultraviolet (UV) curable resins are emerging as a pivotal innovation in the coatings and adhesives industry, driven by their exceptional performance characteristics, including rapid curing, environmental compliance, and superior mechanical properties. These resins are primarily utilized in diverse applications such as wood coatings, industrial components, and automotive finishes, offering a sustainable and efficient solution to meet evolving industry demands.

The surging adoption of UV curable resins can be attributed to advancements in composition technology, particularly acrylate oligomers and photoinitiators, which enable faster curing times and enhanced durability. Furthermore, the increasing preference for eco-friendly materials has propelled the shift towards UV curing technologies, as they produce negligible volatile organic compound (VOC) emissions. This trend aligns with stringent environmental regulations across regions, encouraging industries to invest in UV curable solutions for their sustainability benefits. In addition, the widespread use of UV-curable resins in graphic arts and wood coatings highlights their versatility and growing demand in decorative and functional applications.

Despite their numerous advantages, challenges such as high initial costs of UV curing systems and limited adoption in certain developing economies may pose barriers to market growth. However, the rapid innovation in UV curing technology, including the integration of advanced additive formulations and non-acrylated oligoamines, is poised to unlock new opportunities for market players. Moreover, the increasing penetration of UV curable resins in automotive and industrial applications underscores their critical role in addressing the need for high-performance coatings and adhesives in demanding environments.

Regionally, the Asia Pacific region is expected to dominate the market, driven by rapid industrialization, robust growth in manufacturing activities, and expanding applications in countries like China, India, and Japan. North America and Europe are also key contributors, with a strong focus on environmental sustainability and cutting-edge technological advancements. Meanwhile, the Middle East & Africa is anticipated to witness significant growth, supported by increasing investments in infrastructure and automotive sectors.

Major market players included in this report are:

Arkema S.A.
BASF SE
DIC Corporation
Royal DSM N.V.
Covestro AG
Nippon Paint Holdings Co., Ltd.
Dymax Corporation
The Sherwin-Williams Company
IGM Resins
Alberdingk Boley GmbH
Sartomer USA LLC
Allnex Belgium SA/NV
Eternal Materials Co., Ltd.
TOAGOSEI Co., Ltd.
Hitachi Chemical Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Composition:

Oligomers
Monomers
Photoinitiators
Additives

By Chemistry:

Non-Acrylated Oligoamines
Acrylate Oligomers

By Application:

Wood Coatings
Graphics Art
Industrial
Automotive
Others

By Technology:

LED UV Curing
Mercury UV Curing

By End-Use Industry:

Automotive
Electronics
Industrial Equipment
Packaging

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Ultraviolet Curable Resin Market Executive Summary

1.1. Global Ultraviolet Curable Resin Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Composition
- 1.3.2. By Chemistry
- 1.3.3. By Application
- 1.3.4. By Technology
- 1.3.5. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ultraviolet Curable Resin Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ultraviolet Curable Resin Market Dynamics

3.1. Market Drivers
- 3.1.1. Advancements in Composition Technology
- 3.1.2. Increasing Demand for Eco-Friendly Solutions
- 3.1.3. Rising Adoption in Automotive and Industrial Applications
3.2. Market Challenges
- 3.2.1. High Initial Costs of UV Curing Systems
- 3.2.2. Limited Adoption in Developing Economies
3.3. Market Opportunities
- 3.3.1. Innovation in Additive Formulations
- 3.3.2. Expansion into New Application Areas
- 3.3.3. Integration of Advanced Curing Technologies

Chapter 4. Global Ultraviolet Curable Resin Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ultraviolet Curable Resin Market Size & Forecasts by Composition 2022-2032

5.1. Segment Dashboard
5.2. Global Ultraviolet Curable Resin Market: Composition Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Oligomers
- 5.2.2. Monomers
- 5.2.3. Photoinitiators
- 5.2.4. Additives

Chapter 6. Global Ultraviolet Curable Resin Market Size & Forecasts by Chemistry 2022-2032

6.1. Segment Dashboard
6.2. Global Ultraviolet Curable Resin Market: Chemistry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Non-Acrylated Oligoamines
- 6.2.2. Acrylate Oligomers

Chapter 7. Global Ultraviolet Curable Resin Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Ultraviolet Curable Resin Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Wood Coatings
- 7.2.2. Graphics Art
- 7.2.3. Industrial
- 7.2.4. Automotive
- 7.2.5. Others

Chapter 8. Global Ultraviolet Curable Resin Market Size & Forecasts by Technology 2022-2032

8.1. Segment Dashboard
8.2. Global Ultraviolet Curable Resin Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. LED UV Curing
- 8.2.2. Mercury UV Curing

Chapter 9. Global Ultraviolet Curable Resin Market Size & Forecasts by End-Use Industry 2022-2032

9.1. Segment Dashboard
9.2. Global Ultraviolet Curable Resin Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Automotive
- 9.2.2. Electronics
- 9.2.3. Industrial Equipment
- 9.2.4. Packaging

Chapter 10. Global Ultraviolet Curable Resin Market Size & Forecasts by Region 2022-2032

10.1. North America Ultraviolet Curable Resin Market
- 10.1.1. U.S. Ultraviolet Curable Resin Market
  - 10.1.1.1. Composition Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. Chemistry Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.4. Technology Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.5. End-Use Industry Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.6. Other Segments Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Ultraviolet Curable Resin Market
10.2. Europe Ultraviolet Curable Resin Market
- 10.2.1. UK Ultraviolet Curable Resin Market
- 10.2.2. Germany Ultraviolet Curable Resin Market
- 10.2.3. France Ultraviolet Curable Resin Market
- 10.2.4. Spain Ultraviolet Curable Resin Market
- 10.2.5. Italy Ultraviolet Curable Resin Market
- 10.2.6. Rest of Europe Ultraviolet Curable Resin Market
10.3. Asia Pacific Ultraviolet Curable Resin Market
- 10.3.1. China Ultraviolet Curable Resin Market
- 10.3.2. India Ultraviolet Curable Resin Market
- 10.3.3. Japan Ultraviolet Curable Resin Market
- 10.3.4. Australia Ultraviolet Curable Resin Market
- 10.3.5. South Korea Ultraviolet Curable Resin Market
- 10.3.6. Rest of Asia Pacific Ultraviolet Curable Resin Market
10.4. Latin America Ultraviolet Curable Resin Market
- 10.4.1. Brazil Ultraviolet Curable Resin Market
- 10.4.2. Mexico Ultraviolet Curable Resin Market
- 10.4.3. Rest of Latin America Ultraviolet Curable Resin Market
10.5. Middle East & Africa Ultraviolet Curable Resin Market
- 10.5.1. Saudi Arabia Ultraviolet Curable Resin Market
- 10.5.2. South Africa Ultraviolet Curable Resin Market
- 10.5.3. Rest of Middle East & Africa Ultraviolet Curable Resin Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Arkema S.A.
- 11.1.2. BASF SE
- 11.1.3. DIC Corporation
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Arkema S.A.
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. BASF SE
- 11.3.3. DIC Corporation
- 11.3.4. Royal DSM N.V.
- 11.3.5. Covestro AG
- 11.3.6. Nippon Paint Holdings Co., Ltd.
- 11.3.7. Dymax Corporation
- 11.3.8. The Sherwin-Williams Company
- 11.3.9. IGM Resins
- 11.3.10. Alberdingk Boley GmbH
- 11.3.11. Sartomer USA LLC
- 11.3.12. Allnex Belgium SA/NV
- 11.3.13. Eternal Materials Co., Ltd.
- 11.3.14. TOAGOSEI Co., Ltd.
- 11.3.15. Hitachi Chemical Co., Ltd.

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes