Global UV-Curable Resins Market Size Study, by Composition (Oligomers, Monomers, Photoinitiators, Additives), by Chemistry (Non-Acrylated Oligoamines, Acrylate Oligomers), by Application, and Regional Forecasts 2022-2032

Description

The global UV-Curable Resins market, valued at approximately USD 6.03 billion in 2023, is anticipated to exhibit robust growth, with a healthy CAGR of 7.5% from 2024 to 2032, reaching an impressive USD 11.56 billion by 2032. UV-curable resins are a pivotal component in modern coatings, inks, and adhesives, owing to their rapid curing times, superior durability, and environmentally friendly properties. The demand for these resins has surged across industries such as electronics, automotive, and packaging, driven by their unparalleled performance and sustainability advantages.

The market is propelled by advancements in UV-curable technology, with manufacturers increasingly adopting photoinitiated polymerization to achieve efficient curing. The growing preference for eco-friendly solutions in industrial applications, coupled with stringent environmental regulations, has amplified the adoption of low-VOC and solvent-free UV-curable resins. Additionally, the versatility of these resins in delivering superior adhesion, chemical resistance, and aesthetic appeal has bolstered their applications in high-demand sectors like consumer goods and printing.

However, challenges such as high initial costs and the need for specialized curing equipment pose hurdles to market expansion. To counteract these barriers, industry players are heavily investing in R&D to innovate cost-effective and high-performance formulations. The emergence of bio-based resins and ongoing collaborations between manufacturers and end-users highlight the market's trajectory toward sustainability and customization, addressing dynamic consumer needs.

Regionally, Asia-Pacific dominates the UV-curable resins market, underpinned by the thriving electronics and packaging industries in countries like China, Japan, and South Korea. North America and Europe remain significant contributors, driven by technological advancements and the widespread adoption of eco-conscious industrial practices. With the increasing focus on renewable energy and green building solutions, these regions are expected to maintain steady growth trajectories.

Major market players included in this report are:

BASF SE
DSM-AGI Corporation
Sartomer (Arkema Group)
Allnex Belgium S.A.
Covestro AG
Eternal Materials Co., Ltd.
Hitachi Chemical Co., Ltd.
Miwon Specialty Chemical Co., Ltd.
IGM Resins B.V.
Dymax Corporation
Toagosei Co., Ltd.
Nippon Gohsei (Mitsubishi Chemical Holdings)
CBC Co., Ltd.
Alberdingk Boley GmbH
Jiangsu Sanmu Group Corporation

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

By Composition:

Oligomers
Monomers
Photoinitiators
Additives

By Chemistry:

Non-Acrylated Oligoamines
Acrylate Oligomers

By Application:

Coatings
Inks
Adhesives
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe (ROE)

Asia Pacific:

China
India
Japan
South Korea
Australia
Rest of Asia Pacific (RoAPAC)

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa (RoMEA)

Years considered for the study are as follows:

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

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Comprehensive geographical analysis with country-level market insights.
Detailed segmentation of the market with revenue projections for each category.
Competitive landscape featuring major players and their strategic initiatives.
Analysis of market dynamics, including growth drivers, challenges, and opportunities.

Chapter 1. Global UV-Curable Resins Market Executive Summary

1.1. Global UV-Curable Resins 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
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global UV-Curable Resins 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 UV-Curable Resins Market Dynamics

3.1. Market Drivers
- 3.1.1. Rapid Curing Speed and Superior Durability
- 3.1.2. Growing Demand for Eco-Friendly, Low-VOC Coatings and Inks
- 3.1.3. Technological Advancements in Photoinitiated Polymerization
3.2. Market Challenges
- 3.2.1. High Initial Costs and Specialized Equipment Requirements
- 3.2.2. Complexity in Formulating High-Performance, Sustainable Resins
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets and Diverse End-Use Sectors
- 3.3.2. Innovations in Bio-Based and Recyclable Resin Formulations
- 3.3.3. Increased R&D Investments Driving Next-Generation UV-Curable Technologies

Chapter 4. Global UV-Curable Resins 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 Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global UV-Curable Resins Market Size & Forecasts by Composition 2022-2032

5.1. Segment Dashboard
5.2. Global UV-Curable Resins 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 UV-Curable Resins Market Size & Forecasts by Chemistry 2022-2032

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

Chapter 7. Global UV-Curable Resins Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global UV-Curable Resins Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Coatings
- 7.2.2. Inks
- 7.2.3. Adhesives
- 7.2.4. Others

Chapter 8. Global UV-Curable Resins Market Size & Forecasts by Region 2022-2032

8.1. North America UV-Curable Resins Market
- 8.1.1. U.S. UV-Curable Resins Market
  - 8.1.1.1. By Composition, Chemistry & Application Breakdown, 2022-2032
- 8.1.2. Canada UV-Curable Resins Market
8.2. Europe UV-Curable Resins Market
- 8.2.1. UK UV-Curable Resins Market
- 8.2.2. Germany UV-Curable Resins Market
- 8.2.3. France UV-Curable Resins Market
- 8.2.4. Spain UV-Curable Resins Market
- 8.2.5. Italy UV-Curable Resins Market
- 8.2.6. Rest of Europe (ROE) UV-Curable Resins Market
8.3. Asia Pacific UV-Curable Resins Market
- 8.3.1. China UV-Curable Resins Market
- 8.3.2. India UV-Curable Resins Market
- 8.3.3. Japan UV-Curable Resins Market
- 8.3.4. South Korea UV-Curable Resins Market
- 8.3.5. Australia UV-Curable Resins Market
- 8.3.6. Rest of Asia Pacific (RoAPAC) UV-Curable Resins Market
8.4. Latin America UV-Curable Resins Market
- 8.4.1. Brazil UV-Curable Resins Market
- 8.4.2. Mexico UV-Curable Resins Market
- 8.4.3. Rest of Latin America UV-Curable Resins Market
8.5. Middle East & Africa UV-Curable Resins Market
- 8.5.1. Saudi Arabia UV-Curable Resins Market
- 8.5.2. South Africa UV-Curable Resins Market
- 8.5.3. Rest of Middle East & Africa (RoMEA) UV-Curable Resins Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. DSM-AGI Corporation
- 9.1.3. Sartomer (Arkema Group)
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Allnex Belgium S.A.
- 9.3.3. Covestro AG
- 9.3.4. Eternal Materials Co., Ltd.
- 9.3.5. Hitachi Chemical Co., Ltd.
- 9.3.6. Miwon Specialty Chemical Co., Ltd.
- 9.3.7. IGM Resins B.V.
- 9.3.8. Dymax Corporation
- 9.3.9. Toagosei Co., Ltd.
- 9.3.10. Nippon Gohsei (Mitsubishi Chemical Holdings)
- 9.3.11. CBC Co., Ltd.
- 9.3.12. Alberdingk Boley GmbH
- 9.3.13. Jiangsu Sanmu Group Corporation
- 9.3.14. (Additional companies as applicable)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes