The global UV Curable Resins & Formulated Products Market size is estimated to be USD 4.2 billion in 2020 and is projected to reach USD 6.6 billion by 2025, at a CAGR of 9.5% during the forecast period. Government regulations in Europe and North America, especially that concerning air pollution, will continue to drive the adoption of the low-emission UV curing technology over the next 5 years. The report analyzes key growth strategies adopted by the market players between 2011 and 2018 to expand their global presence and increase their market share. Allnex (Germany), Alberdingk Boley (Germany), Toagosei (Japan), BASF (Germany), DSM-AGI (Netherlands), Covestro (Germany), Nippon Gohsei (Japan), Hitachi Chemical Company (Japan), IGM Resins (Netherlands), and Miwon Specialty Chemical (South Korea) are the key leading players of the market.
New product launches, expansions, and mergers & acquisitions are the key strategies adopted by the industry players to grow in the UV curable resins & formulated products market. These strategies accounted for a share of 62%, 21%, and 18%, respectively, of the total growth strategies adopted by the market players. The rising demand for environment-friendly wood coatings and the high growth of the plastic coatings industry in developed countries is encouraging companies to adopt these strategies. Market players are focusing on entering new markets by launching technologically advanced and innovative resins for different applications. Allnex Group (Germany), BASF SE (Germany), Alberdingk Boley (Germany), DSM-AGI (Netherlands) and Covestro (Germany), are some of the leading market players that have adopted these strategies to develop their business.
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Allnex has a strong foothold in the UV curable resins & formulated products market and has adopted various strategies, such as mergers & acquisitions, expansions, and new product launches. The company has adopted new product launches as its major business strategy, which further has helped the company to enhance its global presence. In December 2017, Allnex launched UCECOAT 7230, its first waterborne UV curable dispersion, which can be used on a wide variety of plastic substrates. The product is expected to serve a multitude of application segments, including automotive and industrial plastics, plastic films and sheets, consumer electronics, and flooring.
In September 2016, Allnex and Nuplex Industries collaborated to form one company. The company is a strong global player in UV curable resins & formulated products market, with over 30 manufacturing sites and about 24 research and technology support facilities around the world.
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UV curable resins are the one's resins that contain much less dangerous emissions, rapid cure (excessive productivity), much less electricity consumption, much less system space, low temperature treatment, and waste reduction.
UV curable resins do now no longer include any natural solvents that damage the environment.
These resins consist of monomers, oligomers, co-initiators, photo-polymerization, and diverse components which include antioxidants, stabilizers, pigments, and plasticizers.
UV curable resins are utilized in a huge variety of packages with inside the ink and coating and adhesive industries.
UV curable resins are the maximum desired alternative for packages with rapid-curing and rapid-drying requirements.
Low price systems related to the production of UV curing resins alongside technological improvement have helped pressure boom of the market for UV curable resins and formulated products.
The Global UV Curable Resins & Formulated Products market has been categorized on the basis of product type, application range, end-use industry, geography, and competitive backdrop.
Reports and Data’s latest market research report, titled ‘Global UV Curable Resins & Formulated Products Market Forecast to 2026,’ expansively covers the global UV Curable Resins & Formulated Products industry’s significant dynamics.
Each market evaluation is based on the detailed study of the key market segments, product type spectrum, application gamut, regional overview, and the market’s highly competitive scenario.
The UV Curable Resins & Formulated Products market report’s major components include the product type outlook, application range, end-use landscape, the efficient solutions & services offered by the leading market players, technological developments, the current and emerging market trends, and the critical industry facts & figures.Market Size – USD 3.89 Billion in 2018, Market Growth - CAGR of 9.1%, Market Trends – Advancement in technology and high demand from the APAC region.The latest study is touted as the first document to include a thorough examination of the UV Curable Resins & Formulated Products market’s present situation in view of COVID-19.
Since the advent of the pandemic and the subsequent lockdown restrictions, the global business sector has been grappling with adverse financial consequences.Receive a PDF sample of the global UV Curable Resins & Formulated Products market report @ https://www.reportsanddata.com/sample-enquiry-form/1829Global UV Curable Resins & Formulated Products Market: SegmentationUnder the segmental analysis, the most vital segments of the UV Curable Resins & Formulated Products business sector have been highlighted.
This section helps the targeted readers, as well as the companies involved in this sector, make optimal business decisions, and boost their COVID-19 preparedness.
