DUBLIN, February 14, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/v4kl3c/uv_curable_resins) has announced the addition of the "UV Curable Resins Market by Application, End-User Industry & Geography - Trends & Forecasts to 2018" report to their offering.
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The global UV curable resin market, along with its end products, has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. UV curable resins are building blocks for formulating various environment-friendly and fast curing coatings, inks, and adhesives which further serve various end-user industries, including industrial coatings, graphic arts, and electronics.
Currently, Asia-Pacific is the largest consumer of UV curable resins, which consumed more than half of the total global consumption in 2012. Among all the countries in the region, China and Japan lead the global market, holding a major share in regional volumetric consumption of UV curable resin in 2012. The market volume of UV curable resin is comparatively low in the ROW region, but it is expected show the highest CAGR from 2013 to 2018, followed by Asia-Pacific.
Almost 90.0% of the total demand is by coatings and inks manufacturers, with coatings application also being the fastest-growing end-user segment. As an end user, industrial coatings are the biggest as well as the fastest-growing segment of UV curable resins, which is primarily due to high penetration in all the regions. Subsequently, graphic arts and electronics industries were the second- and third-largest end users of UV curable formulations.
The drivers of the industry are identified as the budding demand for green coatings, growing electronics manufacturing, and increased use of environment-friendly inks in packaging applications. The restraining factors are identified as application limitations and not being an attractive product in price competitive markets. The major issue pertaining in the market is manufacturing of UV resins by renewable feedstock.
Major UV curable resin manufacturers include Allnex Belgium SA (Belgium), Eternal Chemical Co. Ltd. (Taiwan), Sartomer USA LLC (U.S.), BASF SE (Germany), IGM Resins B.V. (The Netherlands), Jiangsu Litian Technology Co. Ltd. (China), Miwon Specialty Chemical Co. Ltd. (South Korea), etc.
This report covers the global market by key regions and major countries in each region. It also provides a detailed segmentation of the UV curable resin market on the basis of major applications and end-user industries, along with its projection till 2018.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Bio-Based UV Curable Resins
6 UV Curable Products Market, By Composition
7 UV Curable Resins Market, By Application
8 UV Curable Resins Market, By End User
9 UV Curable Resins Market, By Geography
10 Competitive Landscape
11 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/v4kl3c/uv_curable_resins
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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