The global UV
curable resins market was valued at $3,555.8
million in 2014, and it is expected to grow with a CAGR of 9.4% during 2015 -
2020. The factors driving the growth of the global market include stringent
government regulations on emission norms and increasing demand from electronics
market. The government regulations have become more stringent over controlling
the release of VOCs in the environment. Traditional inks, adhesives and
coatings contain hydrocarbon solvents, and upon curing (normal as well as
through heat), release hydrocarbons into the atmosphere.
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Many substances, such as PVC based adhesives
are being gradually phased out from the usage, especially in the European
region and the U.S. The radiation curable adhesives, inks, and coatings, with
electron beam (EB) and UV as the two sub categories that emerge as viable
alternatives here, due to zero or no emissions. Within radiation curable
ecosystem, UV curable products are further advantageous, as these products can
be cured with UV rays, thus leaving very less impact on the environment. For
these very reasons, the UV resins based coating systems is also the fastest
growing segment within the green coatings ecosystem. Waterborne coatings,
powder coatings, and high-solids coatings are the other types of green
coatings. Even within the radiation curing systems, the waterborne UV curable
systems are gaining traction, when compared to conventional radiation curing
systems.
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In 2014, the Asia-Pacific market held the
largest share in the global UV curable resins market, in terms of value and
volume. The major reasons behind the growth of the UV curable resins market in
the region is strongly growing manufacturing sector. China dominated the
regional demand for UV curable resins with a share of about 52.4% in 2014,
followed by Japan holding a share of about 26.8%. The increasing production of high
quality electronics is expected to drive the demand of UV curable resins in all
the major consuming countries, except India where the market is still very
price sensitive.
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TABLE OF CONTENT
Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Market breakdown by application
1.2.2 Market breakdown By end-user
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
2.3 Global UV Curable Resins Market
Snapshot
Chapter 3. Market Outlook
3.1 Introduction
3.2 Value chain analysis
3.3 Trends in the UV Curable Resins Market
Chapter 4. Global UV Curable Resins Market Size and Forecast
(2011 – 2020)
4.1 Global UV Curable Resins Market, By
Application
4.1.1 Coatings
4.1.2 Inks
4.1.3 Adhesives
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