A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global UV-cured
Resins
Market. The
study, titled “UV-cured
Resins Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Ultraviolet
light is a portion of the light spectrum with the wavelength ranging
from 200 nm to 400 nm (nanometers). Curing is cross-linking of
polymer chains for hardening and toughening of the polymer material
by activation of additives. Thermally cured materials use high energy
and emit VOCs. UV-cured resins are polymerized materials that are
cured in an exceptionally short time by the energy radiated from
ultraviolet irradiation devices. Oligomers and liquid monomers are
blended with a minimal amount of photo-initiators and then subjected
to the ultraviolet energy. This cures/dries the product quickly. In
UV curing, there are no environmental pollutants and there is no
solvent to evaporate. Hence, there is no air pollution, no loss of
volume, and no loss of coating thickness. The properties of UV-cured
resins include excellent curing speed, high adhesiveness, resistance
to moisture, good elasticity, resistance to heat, and good surface
curing property. Also, they require low temperature. The UV curing
process has advantages such as energy saving, need for less space,
reduced amount of waste, and high productivity. These are the key
factors anticipated to drive the UV-cured resins market during the
forecast period.
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Market Research Report @
The
market for UV-cured resins can be segmented in terms of application,
chemical, geography, and end-user industry. Based on chemical, the
UV-cured resins market has been divided into polyester, epoxy, and
acrylic/alkydic resins. Polyester resins are commonly available and
inexpensive. Epoxy resins are slightly costlier than polyesters but
they have better curing property, less shrinkage, and good adhesion.
Acrylic/alkydic resins are of varied compositions. Not all acrylic
resins are used as UV-cured resins. The epoxy resins segment is
expected to hold a major share of the market during the forecast
period, due to better features of these resins.
Based
on application, the UV-cured resins market has been segregated into
coatings, inks, and adhesives. UV-cured adhesives are resistant to
heat and corrosion and they are crucial to the automotive industry.
Based on end-user, the UV-cured resins market has been divided into
automotive, electronics, graphic arts, glass, and plastic decorating.
Growth in the automotive industry is expected to drive the UV-cured
resins market in the near future. Based on geography, the UV-cured
resins market has been divided into Asia Pacific, Europe, North
America, and Latin America. Strict environmental regulations imposed
on the conventional methods emitting greenhouse gases is the key
driving factor for the markets in North America and Europe. Growth of
the automotive industry in Asia Pacific is anticipated to fuel the
market in the region in the near future. Rapid industrialization,
technological advancements, and growth of the electronics industry in
the region are other factors likely to augment the market in Asia
Pacific during the forecast period.
Key
players operating in the global UV-cured resins market are Allnex,
Royal DSM N.V., Alberdingk Boley GmbH, Covestro AG, BASF SE, Nippon
Gohsei, Wanhua Chemical Group Co. Ltd., Jiangsu Sanmu Group
Corporation, Dymax Corporation, Eternal Chemical Co., Hitachi
Chemical Company Ltd., IGM Resins, Miwon Specialty Chemical Co. Ltd.,
and Sartomer Arkema Group.
Resins
provided by Allnex are marketed in Europe, North America, Asia
Pacific, and Latin America. The company has more than 10 research
centers operating throughout the world for finding coatings solutions
for industries such as automotive, packaging, inks, and industrial
plastics. NIPPON GOHSEI sells the UV-cured resins by the trade name
SHIKOHTM. It has developed various types of resins that can be used
for inks, coatings, and adhesives.
Investments
in research and development, mergers and acquisitions, and aggressive
marketing are strategies implemented by companies to increase their
share in the global UV-cured resins market. High cost of initial
investment, limited usage, and unappealing price in the competitive
market are likely to be barriers for growth of the global UV-cured
resins market in the next few years.
Get
accurate market forecast and analysis on the UV-cured Resins market.
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market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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