UV-Cured Resins Market Growth Offers Room to Grow to Existing & Emerging Players

Stratview Research has published a new report on the UV-Cured Resins Market, segmented by Composition Type (Oligomers, Monomers, Photoinitiators, and Others), by Application Type (Coatings, Inks, Adhesives, and Others), by End-Use Industry Type (Industrial Coatings, Graphic Arts, Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
Market Highlights
UV-Cured resins market is likely to witness an impressive CAGR of 7.9% during the forecast period. Stringent regulation towards VOC emission and increasing demand for environment-friendly products are the major factors propelling the demand for UV-cured resins in the global market.
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Covid Impact
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
Segmentation –
This report studies the UV-Cured Resins Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the composition type, the market is segmented as oligomers, monomers, photoinitiators, and others. The oligomers segment is expected to lead the market during the forecast period, owing to its superior properties, such as fast curing, good chemical resistance, high gloss, and relatively low cost among all the available composition types.
Based on the application type, the market is segmented as coatings, inks, adhesives, and others. The coatings segment dominated the UV-cured resins market and is expected to remain dominant during the forecast period owing to increased usage of UV coatings in the electronics industry as they deliver outdoor durability, good wear resistance, and resistance against household chemicals.
In terms of regions, Asia-Pacific is expected to remain the largest market for UV-Cured resins during the forecast period, followed by Europe and North America. The market is driven by the increasing penetration in electronic sector, rising awareness towards health and safety along with the stringent VOC emission standards.
Following are the key players in the UV-Cured Resins Market:
• BASF SE
• Taogosei Co. Ltd.
• Koninklijke DSM N.V.
• The Nippon Synthetic Chemical Industry Co. Ltd.
• Covestro AG
• Wanhua Chemical Group Co. Ltd.
• Miwon Specialty Chemical Co Ltd.
• Hitachi Ltd.
• Arkema Group
• DIC Corporation
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