Global Ultraviolet (UV) Curable Resins Market Size, Share, Forecast Report 2025

The global ultraviolet (UV) curable resins market was valued at USD 4,325.4 million in 2018, and is likely to generate a demand of USD 8,576.8 million by 2025, at a CAGR of 9.6% over the next seven years. Increasing demand for UV curable resins across various printing applications along with the presence of stringent government regulations for the use of eco-friendly products is set to accelerate market demand over the forecast period. Moreover, high performance offered by UV curable resins is further expected to propel the market growth. However, high set-up cost as well as complexity of procedures is likely to hamper the market growth.

UV curing is defined as a process through which ultraviolet (UV) light is used to initiate a photochemical reaction that generates a cross linked network of polymers.  In other words, it is a method of radiation curing by which inks, adhesives, coatings and other materials can be cured. These materials can be cured in a short time by the energy radiated from UV irradiation devices. Also, since UV curable resins are non-solvent, they do not contaminate the work environment with any solvent.

The years used for the assessment are as follows;

• Historical year : 2015, 2016 and 2017
• Base year  : 2018
• Forecast period: 2019 – 2025

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

• Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
• Interacting with key opinion leaders of the market and developing data points based on interaction with them
• Study of past trends in the market and their year on year impact on the market size and share
• Analyzing the collected data points
• Bridging the data points to calculate the UV curable resins market and its various segments
• Anticipating potential risks
• Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
• Finalizing the overall size and share for the global market

OBJECTIVES:

• To classify global UV curable resins market into segments to analyze their growth prospects individually
• To analyze market trends, opportunities, drivers and restraints associated with UV curable resins
• Profiling key companies operating in the global market
• To study market response with respect to the mergers and acquisitions in the industry