Ultraviolet Curable Resin Market Size, Share & Trends Analysis Report By Product (Monomers, Oligomers), By Application (Wood Coatings, Graphics Art Industrial), By Region, And Segment Forecasts, 2024

Description

Ultraviolet Curable Resin Market Growth & Trends:

The global ultraviolet curable resin market size is expected to reach USD 8.23 billion by 2030, and is projected to grow at a CAGR of 10.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in the industrial sector especially in Asia Pacific is one of the major driving factors for the growth of ultraviolet (UV) curable resins market.

Increasing concern regarding growing VOC emissions has resulted in the development of new low emission products. UV curable resins emit minimal to zero VOCs and are not volatile in nature. These resins produce less shrinkage, the line of sight curing and provide many advantages over traditional methods. Development of renewable raw materials for manufacturing these curable resins is anticipated to drive the market.

UV curable resins are widely used in wood coatings, graphics art, automotive and industrial application. With the increase in industrialization across the globe, there is a surge in the demand for eco-friendly products. Manufacturing companies across the world are focusing and investing in R&D activities for the innovation of new technologies to produce environmental - friendly products.

Ultraviolet curable resins in industrial segment accounted for the largest market revenue share in 2023. Growth in the construction and electronics & electrical industry particularly in emerging markets of Asia Pacific & Latin American is expected to drive the UV curable resins demand in the industrial segment.

Ultraviolet Curable Resin Market Report Highlights:

The global ultraviolet curable resin market size was valued at USD 4.14 billion in 2023 and is projected to grow at a CAGR of 10.5% from 2024 to 2030
In 2023, monomers held the largest market and were worth over USD 2.01 billion. Monomers are the major components in manufacturing UV curable resins which are further used in coatings, adhesives, and inks.
Photoinitiators are expected to witness the fastest growth rate over the next eight years. The companies are trying to develop new photoinitiators for manufacturing curable resins and expand the breadth of objects to be cured.
Asia Pacific is expected to be the fastest growing market over the next eight years. The region has been witnessing a remarkable growth in the construction and electrical & electronics industry, especially in India, Indonesia, Thailand, South Korea and other countries in the region. The growth in these industries is the major factor in the rising demand for these curable resins in the region.

Product Code: GVR-1-68038-155-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Ultraviolet Curable Resins Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (Kilotons) (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Ultraviolet Curable Resins Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Ultraviolet Curable Resins Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Ultraviolet Curable Resins Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Monomers
- 4.3.1. Monomers Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Oligomers
- 4.4.1. Oligomers Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.5. Photoinitiators
- 4.5.1. Photoinitiators Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.6. Others
- 4.6.1. Other Products Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Ultraviolet Curable Resins Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Ultraviolet Curable Resins Market: Application Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Wood Coating
- 5.3.1. Wood coating Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)c
5.4. Graphics Art
- 5.4.1. Graphics Art Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Industrial
- 5.5.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Automotive
- 5.6.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.7. Others
- 5.7.1. Other Application Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Ultraviolet Curable Resins Market: Regional Estimates & Trend Analysis

6.1. Ultraviolet Curable Resins Market Share, By Region, 2023& 2030 (USD Billion)
6.2. North America
- 6.2.1. North America Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Canada
  - 6.2.3.1. Canada Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
- 6.3.1. Europe Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. UK
  - 6.3.2.1. UK Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Germany
  - 6.3.3.1. Germany Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. France
  - 6.3.4.1. France Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. Italy
  - 6.3.5.1. Italy Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Spain
  - 6.3.6.1. Spain Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. China
  - 6.4.2.1. China Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Japan
  - 6.4.3.1. Japan Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. India
  - 6.4.4.1. India Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6. Australia
  - 6.4.6.1. Australia Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7. Thailand
  - 6.4.7.1. Thailand Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.8. Indonesia
  - 6.4.8.1. Indonesia Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.9. Malaysia
  - 6.4.9.1. Malaysia Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5. Latin America
- 6.5.1. Latin America Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Argentina
  - 6.5.3.1. Argentina Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. South Africa
  - 6.6.3.1. South Africa Ultraviolet Curable Resins Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. BASF SE
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/Strategic Initiatives
- 7.4.2. Covestro AG
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/Strategic Initiatives
- 7.4.3. Arkema Group
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/Strategic Initiatives
- 7.4.4. DSM
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/Strategic Initiatives
- 7.4.5. Resonac Holdings Corporation
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/Strategic Initiatives
- 7.4.6. Astorg (IGM Resins)
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/Strategic Initiatives
- 7.4.7. Jiangsu Litian Technology Co., Ltd.
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/Strategic Initiatives
- 7.4.8. Mitsubishi Chemical Europe GmbH (Nippon-Gohsei)
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/Strategic Initiatives
- 7.4.9. SOLTECH LTD
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/Strategic Initiatives
- 7.4.10. Geminor
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/Strategic Initiatives
- 7.4.11. TOAGOSEI CO., LTD.
  - 7.4.11.1. Participant's Overview
  - 7.4.11.2. Financial Performance
  - 7.4.11.3. Product Benchmarking
  - 7.4.11.4. Recent Developments/Strategic Initiatives

Ultraviolet Curable Resin Market Size, Share & Trends Analysis Report By Product (Monomers, Oligomers), By Application (Wood Coatings, Graphics Art Industrial), By Region, And Segment Forecasts, 2024 - 2030