#Ultraviolet Uv Curable Resins Market Growth

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Ultraviolet Uv Curable Resins Market Key Players, Economic Impact and Forecast to 2030

The ultraviolet (UV) curable resins market is a segment of the global resin industry that is experiencing significant growth due to its unique properties and wide range of applications. UV curable resins are liquid or semi-solid materials that polymerize and harden when exposed to ultraviolet light. This process is known as UV curing or photo-polymerization.

Here is some full information about the UV curable resins market:

Market Overview: UV curable resins are increasingly being used as an alternative to traditional solvent-based resins due to their low volatile organic compound (VOC) emissions, fast curing time, and high performance characteristics. These resins find applications in various industries such as coatings, adhesives, inks, and electronics.

Types of UV Curable Resins: There are different types of UV curable resins available in the market, including:

Acrylic Resins: Acrylic-based UV curable resins are widely used due to their excellent adhesion, chemical resistance, and durability.

Epoxy Resins: UV curable epoxy resins offer high mechanical strength and are commonly used in coatings and electronic applications.

Polyester Resins: Polyester-based UV curable resins provide good flexibility and weather resistance, making them suitable for outdoor applications.

Others: Other types of UV curable resins include polyurethane, silicone, and hybrid resins.

Market Drivers: Several factors are driving the growth of the UV curable resins market, including:

Environmental Regulations: Increasing regulations on VOC emissions have led to a shift towards eco-friendly and low-emission coatings and adhesives, favoring UV curable resins.

High Performance: UV curable resins offer superior properties such as scratch resistance, chemical resistance, and fast curing, meeting the demand for high-performance materials.

Growing End-use Industries: Industries such as automotive, electronics, packaging, and wood coatings are adopting UV curable resins for various applications, boosting market growth.

Technological Advancements: Ongoing research and development efforts have led to the development of new UV curable resin formulations with improved properties and broader application possibilities.

Applications: UV curable resins find applications in diverse industries, including:

Coatings: UV curable coatings are used in automotive refinishing, industrial coatings, and wood coatings due to their fast curing, high gloss, and excellent durability.

Adhesives: UV curable adhesives offer fast bonding and curing, making them suitable for applications in electronics, medical devices, and optical industries.

Inks: UV curable inks are widely used in digital printing, packaging, and labeling applications due to their high color vibrancy, quick curing, and low VOC emissions.

3D Printing: UV curable resins are extensively used in stereolithography (SLA) and digital light processing (DLP) 3D printing technologies for rapid prototyping and production.

Regional Market: The UV curable resins market is geographically diverse, with significant growth observed in various regions, including North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the largest market due to the presence of major end-use industries and increasing investments in infrastructure and construction activities.

Key Players: Some prominent companies operating in the UV curable resins market include:

BASF SE

Allnex Belgium SA/NV

Royal DSM N.V.

Arkema Group

Covestro AG

Toagosei Co., Ltd.

Hitachi Chemical Co., Ltd.

Dymax Corporation

IGM

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UV Curable Resins and Formulated Products Market 2022-2028

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global UV Curable Resins and Formulated Products Market size at USD 4.85 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects the size of global UV curable resins and formulated market to grow at a CAGR of 10.5% reaching a value of USD 9.73 billion by 2028. Ultraviolet (UV) curable resins are materials that cure and polymerize using energy from UV devices. When UV light is applied to inks, adhesives, and coatings, the technology allows for instant drying and curing via photopolymerization. Due to the expanding applications and use in numerous fields, including coatings, overprint varnishes, printing inks, adhesives, and others, the demand for UV curable resins and specially formulated products is expected to rise. However, high cost of setup could limit the market growth.

Global UV Curable Resins and Formulated Products Market – Overview

Polymerized substances with the help of energy that is extracted and then radiated from irradiation devices providing ultraviolet (UV) rays, UV curable resins and formulated products are quickly cured. Most industrial materials use UV-curable resins and specially formulated products for coating, bonding, and sealing. They are also utilized by the paint and coatings industry in addition to ink and adhesive industries. For curing and quick drying, UV curable resins and specially formulated products are thought to be the best option. During forecast period of 2022 to 2028, global market for UV curable resins and formulated products is expected to grow due to rising demand for these products.

The increased awareness about safety and use of UV resins, health regulations, and guidelines related to use of UV cured resins have all contributed to market growth. Use of UV cure resins and formulated products have grown in popularity in recent years. Certain benefits and advantages include less energy consumption, less equipment space, less VOC released, good flexibility, minimal heat and emission released, curing at low temperatures, and high output and efficiency. The unique feature of resin is coated on UV and having the ability to be applied on virtually any substrate, such as plastic, metal, and composites is the main factor responsible for the market growth.

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Global UV Curable Resins and Formulated Products Market – Technology Advancements

Global UV curable resins and formulated products market has been divided into Monomer, Oligomers, Photoinitiators, and Additives based on the composition; into Non-Acrylated Oligomers, and Acrylate Oligomers based on the chemistry; and as Coatings, Overprint Varnish, Printing Inks, Adhesives, 3D Printing, and Others based on the technology. Currently, coatings under the technology category dominate the market, accounting for a majority of share.

Technology advancements are also propelling the market growth. Sartomer, an Arkema subsidiary business unit, introduced innovative resin solutions that advance UV/EB curing performance for 3D printing, graphic arts, coatings, electronics, and personal care applications at the RadTech UV+EB 2020 Technology Expo and Conference in February 2020. Sartomer will also release three new N3xt Dimensions engineered resins for UV curable 3D printing.  Moreover, working with waterborne products allows one to create Zero VOV lacquers for spraying applications due to their chemical resistance and quick curing efficiency. 3D printing, digital printing, and printed circuit applications are examples of opportunities that are expected to boost the market growth.

Impact of COVID 19 on Global UV Curable Resins and Formulated Products Market

COVID-19 affected global demand for UV curable resins and formulated products due to a drop in end-use applications. COVID-19 disrupted the UV curable resins value chain beginning in 2020. The pandemic had a significant impact on China, which ordered the closure of 21 provinces. Wuhan and Hubei provinces, which are major industrial and commercial hubs, were placed under lockdown. This had an effect on the supply chain for UV curable resins and formulated products. The pandemic later spread to Europe and North America. Because many countries were locked down, the workforce could not be deployed in manufacturing facilities. Demand from various applications decreased as a result of strict lockdown regulations. However, with relaxations on pandemic induced restrictions in place, the market is expected to be back on its growth trend.

Competitive Landscape

Prominent players in global UV curable resins and formulated products market include Allnex Group, Wanhua Chemical Group Co., Ltd., Arkema SA, Showa Denko Materials Co., Ltd., Royal DSM, GM Resins, Covestro AG, Nippon Gohsei, Hitachi Chemical Company Ltd., IGM Resins B.V., Toagosei Co. Ltd., Miwon Specialty Chemical Co. Ltd., BASF SE, Double Bond Chemical Ind. Co. Ltd., Jiangsu Sanmu Group Corporation, and Alberdingk Boley GmbH. These companies use R&D, expansions, acquisitions, and new product releases to improve their market position.

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Ultraviolet Coatings Market Size Forecast to Reach $7.8 Billion by 2026

Ultraviolet coatings market size is forecast to reach US$7.8 billion by 2026, after growing at a CAGR of 8.7% during 2021-2026. The main factors driving the growth of this industry are the flourishing construction industry as well as the awareness of eco-friendly products. Another important reason is its superior performance when compared to other coatings. In the preparation of Ultraviolet (UV) cured coating a formulation of several ingredients is hardened by means of ultraviolet radiation, which forms free radicals which in turn starts the light induced polymerisation process of the reactive double bonds in the coating formulation. This is a kind of surface treatment that can be added to various substrates such as plastic, paper, glass, wood, metals and many others. The ongoing trend is using 100 percent solids UV which are a combination of monomers, oligomers, and photoinitiators that require no carrier solvents to flash as part of the drying and curing process. UV coatings are known for their superior properties – glossy finish, high clarity, quick dry, abrasion resistant, versatility and quick drying. Owing to these characteristics they find new applications across several industries. UV coatings are being utilized in the coating industry because they offer lower operating costs, enhanced capabilities and environmental benefits of safer workplace environment and no hazardous materials. With the growing awareness about UV Coatings, the market for this industry during the forecast period looks brighter.

Ultraviolet (UV) Coatings Market COVID-19 Impact

Due to the COVID-19 pandemic the sales of UV coatings dropped in the first quarter of 2020 due to disruptions in the supply chains. But slowly and steadily the demand for UV coatings began increasing. As people were confined to their houses, they focused more on DIY projects and as a result, the demand for floors, furniture and various decorative panels helped the market recover. According to a study by Harvard University researchers, in the US spending on home improvements and repairs grew more than 3%, to nearly $420 billion, as households modified living spaces for work, school, and leisure in response to the COVID-19 pandemic. It was reported that almost 60% of the homeowners had started DIY or home improvement projects. Also, during the lockdown, many people purchased new homes, which in itself calls for home improvement projects. This contributed to improve the UV coatings market.

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Ultraviolet (UV) Coatings Market Segment Analysis – By Composition

The monomers segment held the largest share of more than 40% in the UV coatings market in 2020. Monomers are low molecular weight substances which reduce the viscosity of the formulation. They are also non-flammable materials with low odor. Monomers are esters of acrylic acid and simple monofunctional/multifunctional polyols. The functionality of the monomer has a very significant effect on properties of the cured coating. Monomers are usually selected based on acrylic functional groups attached to them. Mixtures of monomers typically are used to optimize the performance of a formulation. All these factors drive the monomer segment in UV coatings market during the forecast period.

Ultraviolet (UV) Coatings Market Segment Analysis – By Resin Type

A large number of UV-curable resins are commercially available including polyesters, epoxies, urethanes, silicones and acrylates. The majority of these resins are free-radical curing acrylic-functionalized oligomers which usually cure in a matter of seconds. Acrylic resins are hydrolysis resistant, weather resistant and glossy. They also have high color ability for coating solutions. The main application of acrylic coatings is found in the construction industry, for high-finishing in rods, bridges, floors, decks, and others. Other applications of acrylic-based coatings include marine vessels & structures, machinery, and other metal products. These resins are used in water-based coatings to reduce VOC emission. UV resins have become very popular resin systems due to their high productivity, ease of application, and low impact on the environment. They are often employed when fast drying and curing is needed. Based on all these factors the acrylic segment is expected to show significant growth of 8.5% during the forecast period.

Ultraviolet (UV) Coatings Market Segment Analysis – By Formulation

The water-based coatings segment held the largest share of more 38% in the UV coatings market in 2020. The main reason for this is that water-based UV coatings can be cleaned with water eliminating the need for expensive solvents. The zero flammability attribute of water-based coatings also adds to its popularity. The market prospects of coating technologies are reflecting the environmental concerns and hence are governed by regulations. According to the regulations, the market share of solvent-based coatings is significantly declining and the share of alternative environmentally safe especially water-based coatings is increasing steadily. This trend is likely to continue during the forecast period. In the automotive industry, water-based coatings are gaining importance. UV coatings are used as filler primers as they cure rapidly. Owing to their physical drying, water-based UV coatings also allow to coat 3D objects. The Decopaint directive in Europe and legal requirements in North America have boosted the market for water-based coatings.

Ultraviolet (UV) Coatings Market Segment Analysis – By Substrate

Ultra violet (UV) coatings are used for coating on various surfaces (wood, metals, plastic, paper and others). Out of these, the market for coating on wood has the highest share. Coatings need to have a fast-curing rate as well, so that while in the process of curing they do not get absorbed into the wood. This is why UV coatings are preferred for coatings on wood. UV coating compositions are first applied on wooden surface and then exposed to UV radiation. The photoinitiator dissociates to form free radicals, which initiate the light induced polymerization leading to the formation of a polymeric crosslinked network on the wooden surface. The UV coatings on wood segment is at the forefront with the highest consumption of UV coatings worldwide owing to the rapidly increasing applications of these coatings in the wood & furniture industry. With the pandemic, work from home and online classes have become the new norm so people started redesigning their houses, there has been a steady rise in demand for furniture (chairs, laptop tables, study tables, etc.). This in turn has fueled the demand for this market. For instance, Blueport Commerce, a leading platform for big-ticket retailers in North America, announced a dramatic increase in online furniture sales since the onset of the COVID-19. From April-June 2020, furniture retailers running websites on the Blueport platform increased online sales an average of 317% compared to the same period in 2019.

Ultraviolet (UV) Coatings Market Segment Analysis – By End-Use Industry

The construction segment held the largest share in the UV coatings market in 2020 and is growing at a CAGR of 7.9% during 2021-2026. Concrete, used in construction, is a porous material that can degrade over time when exposed to weather, foot traffic and other normal wear and tear. UV coatings seal concrete and ensure its lasting structural integrity and aesthetic appeal. It offers protection to concrete without the long drying times of conventional coating methods. Coating is particularly useful for high-usage concrete applications such as floors. Coated floors need periodic re-applications to maintain quality. The short drying times of UV coating for concrete means less downtime whether at the beginning of the construction or during active use. In addition to being faster than conventional methods, UV coating is also more environmentally friendly. It reduces or eliminates the need for solvents. This also means it is safer for people during the curing process. According to UNCTAD's World Investment Report, in India robust investment in construction bolstered FDI inflows. Cross-border mergers and acquisitions surged 83% to US$27 billion, with major deals involving infrastructure. This in turn fuels the growth of the UV coatings market over the forecast period. The use of UV coatings has increased significantly over the last decade in the electronics industry for mobile phones, laptops, and game console coatings. The main reason for this growth is the excellent performance of photoinitiators in UV coatings, especially good wear resistance, outdoor durability, and resistance against household chemicals. This factor moderately boosts the growth of the market during the forecast period.

Ultraviolet (UV) Coatings Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the UV coatings market in 2020 up to 42%, owing to the construction industries in the region. Another factor contributing to the growth of the UV coatings market in this area is the automotive industry. The economies of Japan, India, China and Malaysia are witnessing rapid industrialization and urbanization. In India the construction sector drives the economy. According to the Indian Department for Promotion of Industry and Internal Trade (DPIIT), FDIs in the construction development sector and construction activities stood at US$ 25.93 billion and US$ 23.99 billion respectively between April 2000 and December 2020. The APAC region has continued to grow, even in the face of the pandemic. China has become the world’s largest coatings market in terms of volume. All these growth trends are expected to continue in the forecast period.

Ultraviolet (UV) Coatings Market Drivers

Increasing Environmental Awareness

Businesses today must cope with increased regulations associated with air emissions, waste disposal, and safety and health. There are two primary advantages of UV coatings technology that have led to the recognition of the technology as “green.” First, most UV coatings formulations do not contain significant quantities of volatile organic compounds (VOCs) or hazardous air pollutants (HAPs). Second, the energy to dry a UV coating is much lower than that of a conventional solvent or even water-based coating. Since much of the energy produced globally is derived from fossil fuels, reduction in energy consumption is equivalent to greenhouse gas reductions. With new efforts to reduce greenhouse gas emissions on the immediate horizon, businesses can rely on UV coatings as a key tool to help reduce their environmental footprint by reducing both air pollution and their overall greenhouse gas emissions. This positively impacts the market during the forecast period.

Smart Coatings

A host of research activities in this market are aimed at generating new and improved functions. Nanotechnology plays an important role in this. In the case of self-healing coatings, usually filled nanocapsules are added. If the coating becomes physically compromised or damaged these nanocapsules release polymerizable substances into the fillers that self-repair. During the pandemic, there has been a demand for coatings with biocidal applications. Research is ongoing to make the coatings resistant toa wide range of microbes. All these factors can significantly boost the growth of the market.

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Ultraviolet (UV) Coatings Market Challenges

Higher Price

UV coatings are expensive when compared to other coating methods available. So lower priced traditional coating methods are used instead. But UV coating is more efficient and consumes less energy. It doesn’t expose the substrate to high temperature and therefore allows a high degree on crosslinking on temperature sensitive products. The process is nearly instantaneous also the equipment requires less space. UV coatings are the highly priced green coatings in the market till date costing more than $18000 per ton. This factor may dampen the growth of the market.

Ultraviolet (UV) coatings Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ultraviolet (UV) coatings market. UV coatings market top companies are Dow Chemical Company, BASF SE, Akzonobel N.V., DIC Corporation, PPG Industries Inc., Dymax Corporation, Royal DSM N.V., Centexbel, Actega Coatings & Sealants, Eternal Chemical Co. Ltd., Axalta Coatings Systems, The Valspar Corporation, Ashland Inc., Croda, Brilliant Coatings Solutions and Soltech Ltd.

Acquisitions/Technology Launches

In June 2021 PPG Industries Inc. acquired Tikkurila, a Leading Nordic Paint and Coatings Company. Tikkurila’s main line includes environmentally friendly decorative products and high-quality industrial coatings.

In 2020 The Protech Group acquired the coatings division of ACG Industrie (France) and the liquid coatings manufacturer Winslow Browning Inc. (USA).

Key Takeaways

Asia-Pacific dominates the UV coatings market, owing to the flourishing construction industry in the region. Japan invested approximately $15 billion for the Tokyo Olympics which will be held in 2021.

UV coatings are eco-friendly and do not release Volatile Organic Compounds (VOC). This makes them preferred choice of coatings from an environmental standpoint.

The major opportunity for this market is to innovate and research new products such as coatings that are antibacterial/antiviral as there will be an upsurge in the demand of such coatings during the forecast period.

Related Reports:

A. Green Coatings Market

https://www.industryarc.com/Report/11722/green-coatings-market.html

B. Decorative Coating Market

https://www.industryarc.com/Report/11716/decorative-coating-market.html

For more Chemicals and Materials Market related reports, please click here

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UV Curable Resin Market Forecast & Global Industry Analysis by 2026

The global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026. Resins that are polymerized and cured by the energy radiated from ultraviolet irradiation devices are referred as UV curable resins. These resins majorly find their application in coatings, graphic arts, adhesives, and other related industries.

The growth of the global UV-curable resins market is majorly driven by surge in demand for UV-curable resins in applications such as adhesives, coating, and packaging. In addition, the development of new photo initiators for UV curing technology enables to produce more effective curable resins, thereby boosting the market growth. Furthermore, increase in popularity of eco-friendly curable products is expected to boost the growth of the market in the near future. However, limited light penetration depth is expected to restrict the market growth. Conversely, advancements in coatings and development of the 3D printing industry are anticipated to offer remunerative opportunities to the market expansion.

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The UV curable resin market is segmented based on resin type, application, and region. Depending on resin type, the global market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. By application, it is categorized into coating, packaging, printing, adhesives & sealants, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global UV curable resin market include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group.

KEY BENEFITS FOR STAKEHOLDERS • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the UV curable resin industry for strategy building. • It outlines the current trends and future scenario of the market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets. • Major countries in the region have been mapped according to their individual revenue contribution in the market size. • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study. • The profiles of key players along with their key strategic developments are enlisted in the market analysis.

KEY MARKET SEGMENTS

By Resin Type • Acrylated Epoxies • Acrylated Polyesters • Acrylated Urethanes • Acrylated Silicones • Others

By Application • Coating • Packaging • Printing • Adhesives & Sealants • Others

By Region • North America o U.S. o Canada o Mexico

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• Europe o UK o Germany o France o Spain o Italy o Rest of Europe

• Asia-Pacific o China o Japan o India o South Korea o Australia o Rest of Asia-Pacific

• LAMEA o Brazil o Saudi Arabia o South Africa o Rest of LAMEA

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Radiation Curable Coating Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Radiation curable coatings consist of polymer coatings, treated either by ultraviolet or by electron beam radiation and are used for a variety of materials such as wood, glass, plastic, metal and paper. Radiation curable formulations are used in coatings, inks, adhesives, and electronics. The radiation-cured coating process includes smearing a low-viscosity mixture consisting of reactive materials and additives onto a substrate. This mixture is then exposed to ultraviolet radiation energy or an electron beam for small periods of time. Once exposed to the radiation, the mixture gets converted instantly into a cross-linked high-quality coating. The energy required for radiation curing is gained from particular short-wave radiation sources.

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Radiation Curable Coating Market Outlook – Increasing Safety Concerns and Hazard Prevention Expected to Fuel the Demand

Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. High growth in the regional market is attributed to increasing population coupled with growth in the consumer goods and coatings market in emerging economies such as India and China. According to IBEF, the revenue generated by consumer goods in India was US$ 11.1 billion in 2015-2016. This trend is expected to be followed in future. India Brand Equity Foundation (IBEF) is a Trust founded by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the aim of promoting and creating international awareness of goods manufactured in India.

High price of raw materials for radiation curable coating is expected to be one of the restraining factors for the growth of radiation curable coating market over the forecast period. Innovation in products and expansions in different geographies are some of the key strategies adopted by the top players in the radiation curable coating industry. Research is in process for the use of radiation curable coating in Stereolithography. In this process three-dimensional parts are created from photosensitive resins. In addition to this, UV-LED curing which will offer distinct advantages such as long life time, cooler operating conditions and less of a gradual drop off in energy is being developed. Some of the major companies operating in the global radiation curable coating market are Royal DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE, and Sartomar.

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Ultraviolet (UV) Curable Resins Market – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Ultraviolet (UV) curable resins consist of monomers (acts as a diluents), oligomers, initiators (Photo polymerization initiators & co-initiators), and additives (pigments, plasticizers, antioxidants, & stabilizers). Ultraviolet curable resins are gaining popularity over conventional resins, owing to excellent physical & chemical properties offered by UV curable resins.

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Market Dynamics:

Increasing environmental concern & stringent government regulations regarding emission of volatile organic compound (VOC) have led resin manufacturers to focus on developing low volatile resins such as UV curable resins. The US Environmental Protection Agency (EPA), Ozone Transport Commission (OTC), California Air Resources Board (CARB), and South Coast Air Quality Management District (SCAQMD) have set restrictive limits on the Volatile Organic Compound (VOC) content in architectural and industrial maintenance coatings. According to EPA, limit for exterior coatings has been set as 250 grams of VOC per Liter. Such factors are fueling growth of global Ultraviolet (UV) curable resins market.

However, technical limitation of UV curing technology such as oxygen inhibition and initial yellowing are some of the key challenges for market growth.

Global Ultraviolet (UV) Curable Resins Market Outlook:

Among application, coating segment dominated global ultraviolet (UV) curable resins market in 2017. In coating, UV curable resins offers multiple advantages such as less or no VOC emission, high speed curing at low temperature, heat & moisture resistance, less energy consumption, reduced waste. Such factors are boosting demand for ultraviolet (UV) curable resins in metal, plastic, and wood coating applications.

Asia Pacific is projected to be the fastest growing region in global ultraviolet (UV) curable resins market over the forecast period (2018-26). Favorable growth of end use industries of UV curable resins such as paint & coatings and adhesives in China and India is fueling growth of the market. According to Coherent Market Insights analysis, paint & coatings market in Asia Pacific is projected to reach US$ 103.54 billion by end of 2025.

Key players:

Key players operating in global ultraviolet (UV) curable resins market include BASF SE, Hitachi Chemical Co., Ltd, Allnex Group, Arkema Group, Royal DSM N.V., The Nippon Synthetic Chemical Industry Co., Ltd., Covestro AG, IGM Resins B.V., Miwon Specialty Co. Ltd., and Jiangsu Sanmu Group Corporation.

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[chemicalresearchupdates]

Ultraviolet Uv Curable Resins Market Growth Analysis By Companies, Regions, Segments

The ultraviolet (UV) curable resins market is a rapidly growing sector within the chemical industry. UV curable resins are liquid monomers or oligomers that solidify when exposed to UV light, resulting in a quick and efficient curing process. They offer various advantages such as rapid curing, low volatile organic compound (VOC) emissions, excellent adhesion properties, and high chemical and scratch resistance. Here is some comprehensive information about the UV curable resins market:

Market Overview: The UV curable resins market has been experiencing significant growth due to increasing demand from various end-use industries such as coatings, adhesives, inks, and electronics. The technology is widely adopted for its ability to provide instant curing and enhance productivity in manufacturing processes.

Types of UV Curable Resins: There are several types of UV curable resins available in the market, including acrylated epoxy, acrylated polyester, acrylated urethane, and others. Each type has specific characteristics that make them suitable for different applications.

Application Areas:- Coatings: UV curable resins are extensively used in the coatings industry for applications such as wood coatings, plastic coatings, automotive coatings, and protective coatings. They provide superior gloss, scratch resistance, and durability.- Adhesives: UV curable resins are employed in the manufacturing of adhesives and sealants, offering fast curing and strong bond strength. - Inks: UV curable resins are utilized in the production of UV inks, which are widely used in printing applications like packaging, labels, and signage. UV inks provide vibrant colors, excellent adhesion, and high print quality.- Electronics: UV curable resins find application in electronic devices for encapsulation, conformal coatings, and circuit board protection. They offer protection against moisture, dust, and environmental factors.

Market Drivers: Several factors contribute to the growth of the UV curable resins market, including: a. Increasing demand for eco-friendly and sustainable products with low VOC emissions. b. Growing awareness about the benefits of UV curing technology, such as reduced energy consumption and enhanced productivity. c. Advancements in UV LED technology, which has improved efficiency and reduced operational costs. d. Expansion of end-use industries such as automotive, electronics, and packaging, which rely on UV curable resins for various applications.

Regional Market Analysis: The UV curable resins market is geographically diverse, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is the largest market, driven by the presence of major manufacturing hubs, increasing industrialization, and growing end-use industries.

Key Players: The UV curable resins market is highly competitive, with several prominent players operating globally. Some of the key players in the market include BASF SE, Allnex Belgium SA/NV, Arkema Group, DSM-AGI Corporation, and Toyo Ink SC Holdings Co., Ltd.

Challenges: Despite its numerous advantages, the UV curable resins market faces certain challenges, such as: a. High initial investment costs associated with UV curing equipment. b. Limited curing depth for thicker coatings or 3D objects. c. Formulation limitations in terms of flexibility and impact resistance compared to traditional solvent-based resins.

The UV curable resins market is expected to continue its growth trajectory in the coming years, driven by the demand for sustainable and high-performance coatings, adhesives, and inks across various industries. Technological advancements and ongoing research and development efforts are likely to further expand the application areas of UV curable resins.

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UV Curable Resin Market to Bring in over US$9,769.7 Mn By the End of 2026 – Trends Market Research

The global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026. Resins that are polymerized and cured by the energy radiated from ultraviolet irradiation devices are referred as UV curable resins. These resins majorly find their application in coatings, graphic arts, adhesives, and other related industries.  The growth of the global UV-curable resins market is majorly driven by surge in demand for UV-curable resins in applications such as adhesives, coating, and packaging. In addition, the development of new photo initiators for UV curing technology enables to produce more effective curable resins, thereby boosting the market growth. Furthermore, increase in popularity of eco-friendly curable products is expected to boost the growth of the market in the near future. However, limited light penetration depth is expected to restrict the market growth. Conversely, advancements in coatings and development of the 3D printing industry are anticipated to offer remunerative opportunities to the market expansion.

The UV curable resin market is segmented based on resin type, application, and region. Depending on resin type, the global market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. By application, it is categorized into coating, packaging, printing, adhesives & sealants, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Request Sample Pages of this research study @ https://www.trendsmarketresearch.com/report/sample/13262 The key players operating in the global UV curable resin market include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group. KEY BENEFITS FOR STAKEHOLDERS • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the UV curable resin industry for strategy building. • It outlines the current trends and future scenario of the market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets. • Major countries in the region have been mapped according to their individual revenue contribution in the market size. • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study. • The profiles of key players along with their key strategic developments are enlisted in the market analysis. KEY MARKET SEGMENTS

By Resin Type • Acrylated Epoxies • Acrylated Polyesters • Acrylated Urethanes • Acrylated Silicones • Others

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By Application • Coating • Packaging • Printing • Adhesives & Sealants • Others

By Region • North America o U.S. o Canada o Mexico

• Europe o UK o Germany o France o Spain o Italy o Rest of Europe

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• Asia-Pacific o China o Japan o India o South Korea o Australia o Rest of Asia-Pacific

• LAMEA o Brazil o Saudi Arabia o South Africa o Rest of LAMEA

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Global Ultraviolet (UV) Curable Resins Market by Composition, Applications, and Regions-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Ultraviolet (UV) Curable Resins market is expected to grow with a substantial CAGR, during the forecast period, 2020 to 2026. Growing concern regarding rising VOC emissions has led to the development of new low emission products. UV curable resins emit minimal to zero VOCs and are not volatile in nature. This is the factor driving the market growth. 

UV curing is the process by which ultraviolet light is utilized to start a photochemical reaction that leads to a crosslinked network of polymers. UV curing is adaptable to printing, coating, decorating, stereolithography, and in the assembly of a variety of products and materials. In comparison to other technologies, curing with UV energy can be considered a low temperature process, a high speed process, and is a solventless process, as cure occurs via direct polymerization rather than by evaporation. Originally it was introduced in the 1960s; this technology has streamlined and led to rise in automation in many industries in the manufacturing sector. 

Market Trends, Drivers, Restraints, and Opportunities:

These resins generate less shrinkage, the line of sight curing and offer many advantages over traditional methods. Development of renewable raw materials for manufacturing these curable resins is projected to drive the market growth, during the forecast period.

UV curable resins are extensively used in wood coatings, graphics art, automotive and industrial application. With the rise in industrialization across the globe, there is a surge in the demand for eco-friendly products. This factor is further expected to drive the market growth, in the coming years.

However, rising cost of raw materials is projected to restrain the market in the coming years.

Read More: https://dataintelo.com/report/ultraviolet-uv-curable-resins-market/

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UV Curable Resin Market to Remain Balanced During the the COVID-19 Period

The global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026. Resins that are polymerized and cured by the energy radiated from ultraviolet irradiation devices are referred as UV curable resins. These resins majorly find their application in coatings, graphic arts, adhesives, and other related industries. The growth of the global UV-curable resins market is majorly driven by surge in demand for UV-curable resins in applications such as adhesives, coating, and packaging. In addition, the development of new photo initiators for UV curing technology enables to produce more effective curable resins, thereby boosting the market growth. Furthermore, increase in popularity of eco-friendly curable products is expected to boost the growth of the market in the near future. However, limited light penetration depth is expected to restrict the market growth. Conversely, advancements in coatings and development of the 3D printing industry are anticipated to offer remunerative opportunities to the market expansion.

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The UV curable resin market is segmented based on resin type, application, and region. Depending on resin type, the global market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. By application, it is categorized into coating, packaging, printing, adhesives & sealants, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the global UV curable resin market include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group. KEY BENEFITS FOR STAKEHOLDERS • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the UV curable resin industry for strategy building. • It outlines the current trends and future scenario of the market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets. • Major countries in the region have been mapped according to their individual revenue contribution in the market size. • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study. • The profiles of key players along with their key strategic developments are enlisted in the market analysis. KEY MARKET SEGMENTS

By Resin Type • Acrylated Epoxies • Acrylated Polyesters • Acrylated Urethanes • Acrylated Silicones • Others

By Application • Coating • Packaging • Printing • Adhesives & Sealants • Others

By Region • North America o U.S. o Canada o Mexico

• Europe o UK o Germany o France o Spain o Italy o Rest of Europe

• Asia-Pacific o China o Japan o India o South Korea o Australia o Rest of Asia-Pacific

• LAMEA o Brazil o Saudi Arabia o South Africa

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Ultraviolet Uv Curable Resin Market - Global Industry Analysis & Forecast to 2027

Ultraviolet Uv Curable Resin Market – Global Industry Analysis & Forecast to 2027

Crystal Market Research Explore Detailed Information About “Global Ultraviolet Uv Curable Resin Market” knowledge of the leading market players with Market changing factors for the market segments and Also report covers the growth factors of the Global Industry based on end-users.

Get Free Sample of Research Report 2020 @ https://www.crystalmarketresearch.com/report-sample/CM095446

Top Companies…

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UV Curable Resin Market to Grow at Robust CAGR in the COVID-19 Lockdown Scenario

The global UV curable resin market was valued at $4,745.6 million in 2018 and is estimated to reach $9,769.7 million by 2026, growing at a CAGR of 9.4% from 2019 to 2026. Resins that are polymerized and cured by the energy radiated from ultraviolet irradiation devices are referred as UV curable resins. These resins majorly find their application in coatings, graphic arts, adhesives, and other related industries.

Request For Report Sample@ https://www.trendsmarketresearch.com/report/sample/13262

The growth of the global UV-curable resins market is majorly driven by surge in demand for UV-curable resins in applications such as adhesives, coating, and packaging. In addition, the development of new photo initiators for UV curing technology enables to produce more effective curable resins, thereby boosting the market growth. Furthermore, increase in popularity of eco-friendly curable products is expected to boost the growth of the market in the near future. However, limited light penetration depth is expected to restrict the market growth. Conversely, advancements in coatings and development of the 3D printing industry are anticipated to offer remunerative opportunities to the market expansion.

The UV curable resin market is segmented based on resin type, application, and region. Depending on resin type, the global market is fragmented into acrylated epoxies acrylated polyesters, acrylated urethanes, acrylated silicones, and others. By application, it is categorized into coating, packaging, printing, adhesives & sealants, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players operating in the global UV curable resin market include Hitachi Chemical, BASF SE, DSM-AGI, Jiangsu Litian Technology, Allnex Belgium S.A., Sartomer, IGM, Eternal Materials, Dymax, Miwon Specialty Chemical, and Jiangsu Sanmu Group. KEY BENEFITS FOR STAKEHOLDERS • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the UV curable resin industry for strategy building. • It outlines the current trends and future scenario of the market size from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets. • Major countries in the region have been mapped according to their individual revenue contribution in the market size. • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study. • The profiles of key players along with their key strategic developments are enlisted in the market analysis.

Get Complete TOC with Tables and Figures@ https://www.trendsmarketresearch.com/report/discount/13262

KEY MARKET SEGMENTS

By Resin Type • Acrylated Epoxies • Acrylated Polyesters • Acrylated Urethanes • Acrylated Silicones • Others

By Application • Coating • Packaging • Printing • Adhesives & Sealants • Others

By Region • North America o U.S. o Canada o Mexico

• Europe o UK o Germany o France o Spain o Italy o Rest of Europe

• Asia-Pacific o China o Japan o India o South Korea o Australia o Rest of Asia-Pacific

• LAMEA o Brazil o Saudi Arabia o South Africa o Rest of LAMEA

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How is Growing Use of Environment-Friendly Industrial Coatings Driving UV Curable Resins Market?

The utilization of environment-friendly industrial coatings is increasing rapidly as the consumers are becoming more aware regarding the side-effects of traditional coating solutions. Conventional inks, coatings, and adhesives contain hydrocarbon solvents, which are released in the atmosphere during the process of curing. These hydrocarbons have volatile organic compounds (VOC) that are carcinogenic in nature and cause severe health problems. Because of this, governments of different countries have started implementing strict norms in order to control the release of VOCs in the environment. Since ultraviolet curable products do not release VOCs and have comparatively less impact on the environment, their demand is increasing.

UV curing, a subset of radiation/energy curing, involves the usage of a light source for curing different products such as adhesives, coatings, and inks. According to a report by P&S Intelligence, in 2017, the global UV curable resins market generated a revenue of $3,473.9 billion and is projected to attain $5,403.9 million in 2023, advancing at a 7.7% CAGR during the forecast period (2018–2023). The different formulations of UV curable resins include monomers, oligomers, and photoinitiators. Some other formulations include pigments and additives. Among these, the highest demand was created for oligomers during 2013–2017 and the situation is projected to remain the same in the coming years as well.

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The end users of UV curable resins include electronics, industrial coatings, and graphic arts. Some other applications include mining, aerospace, and defense. Out of these, the highest requirement for UV curable resins was created by the industrial coatings’ category during 2013–2017, and the application is further predicted to retain its position during the forecast period. This is because of the extensive usage of UV curable resins in various industries, such as automotive, wood & paper, metal, and plastic. The fastest growth is demand is expected to be witnessed by the electronics category.

The rising demand for UV curable inks for packaging applications is a driving factor of the UV curable resins market. As mentioned earlier, UV curable inks have zero emissions and are safe, which is why the packaging industry is increasingly adopting them. In addition to this, UV curable inks are approved by the Food and Drug Administration, due to which they are also being utilized in the pharmaceuticals and food & beverage industries. Manufacturers are focusing on providing quality packaging at a lower price, which is further driving the demand for UV resins. In addition to this, the expanding packaging industry in countries including India and China is further creating growing requirement for these inks.

Among the different regions, namely Asia-Pacific (APAC), North America, Europe, and rest of the World, the APAC region created the largest demand for UV curable resins during 2013–2017 and is further expected to witness the fastest growth in demand for these products during the forecast period. The reasons for this are the growing implementation of strict VOC emission norms, surging consumer awareness and environmental concerns, and rising requirement from the electronics sector. In the region, China created the largest demand for UV curable resins during 2013–2017.

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Anti-Freeze Agents  Market Demand, Overview, Price and Forecasts To 2025

Latest Reports on Anti-Freeze Agents Market

The Global Anti-Freeze Agents market report more focuses on top industry leaders and explores all essentials facets competitive landscape. It explains potent business strategies and approaches, consumption propensity, regulatory policies, recent moves taken by competitors, as well as potential investment opportunities and market threats also. The report emphasis crucial financial details of major manufacturers including year-wise sale, revenue growth, CAGR, production cost analysis, and value chain structure.Some of the Leading key Company’s Covered for this Research are BASF AG, Chemutra Corporation, Chevron Oronite Company LLC, Baker Hughes, Inc, Ethyl Corporation, Afton Chemical Corp, ExxonMobil Chemical Company, Infineum International Limited, Petroflow Energy Corporation

Request a Sample Report of this research to evaluate more: https://www.acquiremarketresearch.com/sample-request/6925/

“UV curable resins are the resins that use ultraviolet light to excite a photoinitiator, which interact with an amine to form free radicals and initiate polymerization. UV curable resins used mainly in the production of coating, links and adhesives etc, whose end-user are the graphic arts, industrial coatings, electronics and other industry.The UV curable resins industry concentration is not high; there are many manufacturers in the world, and they are mainly distributed in North America, EU, Asia Pacific and China. UV curable resins industry has long history.All manufacturers in the world are committed to the improvement of product. The import and export percent of this industry is high. In recent years, North America and EU markets are shrinking but China market is expanding.”

The market report based on our unique research methodology delivers thorough analytical scrutiny of the Market dispersed across several segments. The report also consists of current size and summary of the market of this industry coupled with outlook prospects. Moreover, key market manufacturers of Anti-Freeze Agents are studied on many aspects such as company overview, product portfolio, revenue details during the forecast year. Also, the complete potential of the market is briefed in the full report.

The Major Manufacturer, Distributor, Downstream Client Companies Data Analysis of the Market are: BASF AG, Chemutra Corporation, Chevron Oronite Company LLC, Baker Hughes, Inc, Ethyl Corporation, Afton Chemical Corp, ExxonMobil Chemical Company, Infineum International Limited, Petroflow Energy Corporation and more.

Major Types covered are: Ethylene Glycol Anti-Freeze Agents, Methanol Anti-Freeze Agents, Ethanol Anti-Freeze Agents, Other

Most widely used downstream fields of Market covered in this report are: Internal Combustion Engine Systems, Air Conditioning System, Solar System, Snow Solvent System.

The prime objective of this Anti-Freeze Agents Industry report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the Market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts.

For More Details on this Report: https://www.acquiremarketresearch.com/enquire-before/6925/

Key questions answered in the report include:

1.What will the market size be by the end of the forecast period?

2.What are the key factors driving the growth of the market?

3.What are the key trends that are influencing the growth of the Anti-Freeze Agents Market?

4.What are the challenges to the market growth?

5.Who are the leading players operating in the market?

6.What are the challenges and threats faced by the leading players?

7.What are the key outcomes of Porter’s five forces analysis of the market?

Research objectives

To study and analyze the global Anti-Freeze Agents consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2019, and forecast to 2025.

To understand the structure of market by identifying its various sub-segments.

Focuses on the key global Industry manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Market with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Besides, the market study affirms the leading players across the globe in the Anti-Freeze Agents market. Their key marketing dispositions and advertising enterprise have been highlighted to offer a clear understanding of the market.

Gain Access to Complete Report with TOC, Tables and Figures and Major Companies Profile @ https://www.acquiremarketresearch.com/industry-reports/anti-freeze-agents-market/6925/

If you have any special requirements, please let us know and we will offer you the report as you want.

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UV Curable Resins & Formulated Market Trends, Application, Growth rate, Volume, Margin From 2017-2022

Global UV Curable Resins & Formulated Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Ultraviolet (UV) curing comes across as a photochemical procedure wherein high-intensity UV light is used to achieve instant cure or dry inks or coatings. UV curing implies a technique of radiation curing through which many materials are cured.

It comprises coatings, inks, adhesives, and others. It is a technology that permits direct drying or curing to cause photo polymerization. UV Curable Resins & Formulated Market is categorized based on composition, applications, and geography. The market is categorized based on composition such as Oligomers, Monomers, Photo initiators, Additives. UV Curable Resins & Formulated Industry is categorized based on chemistry such as Acrylates, Non-Acrylates & Oligo amines.

Browse Detail Report of UV Curable Resins & Formulated Market @ https://www.millioninsights.com/industry-reports/ultraviolet-uv-curable-resins-formulated-market  

UV Curable Resins & Formulated Industry is categorized based on technology such as Solvent-borne UV, Waterborne UV, 100% Solids UV, Powder UV. UV Curable Resins & Formulated Market is categorized based on application into Coatings, Overprint Varnish, Printing Inks, Adhesives, 3D Printing and Other Applications.

UV Curable Resins & Formulated Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe). Asia-Pacific has been at the forefront with regards to UV Curable Resins & Formulated Industry and will continue to rule the roost in the years to come.

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Some of the key players that fuel the growth of the UV Curable Resins & Formulated Market include Nippon Gohsei, Allnex, DSM, Hitachi Chemical Company, Arkema, BASF, Toagosei, Covestro, IGM Resins, Miwon Specialty Chemical. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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Radiation Curable Coating Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2016–2024

Radiation curable coatings consist of polymer coatings, treated either by ultraviolet or by electron beam radiation and are used for a variety of materials such as wood, glass, plastic, metal and paper. Radiation curable formulations are used in coatings, inks, adhesives, and electronics. The radiation-cured coating process includes smearing a low-viscosity mixture consisting of reactive materials and additives onto a substrate. This mixture is then exposed to ultraviolet radiation energy or an electron beam for small periods of time. Once exposed to the radiation, the mixture gets converted instantly into a cross-linked high-quality coating. The energy required for radiation curing is gained from particular short-wave radiation sources.

Radiation curable coatings have numerous advantages, which include low energy costs, fast curing, and superior surface properties such as improved corrosion protection for metals. Household uses of radiation curable coating include ovens, microwaves, refrigerators, dishwashers, cans, and other packaging. Factors boosting growth of radiation curable coating market include low volatile organic compound (VOC), low energy consumption, rapid curing & drying, consistent coating quality, superior hardness, and abrasion resistance.

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In radiation curable coatings, visible light, UV energy, low energy electrons (EB) are used to form a film, ink or coating as conflicting to thermal, evaporative, or oxidative (air-dry) cure. In electronics industry, radiation curable coatings are widely used in semiconductors, cellular phones and hardware for internet connectivity, owing to properties such as high-performance, protection, anti-corrosive and rapid curing abilities. They are also used in use in insulation of non-magnet wire, magnet wire, and cable applications.

Radiation Curable Coating Market Outlook – Increasing Safety Concerns and Hazard Prevention Expected to Fuel the Demand

Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. High growth in the regional market is attributed to increasing population coupled with growth in the consumer goods and coatings market in emerging economies such as India and China. According to IBEF, the revenue generated by consumer goods in India was US$ 11.1 billion in 2015-2016. This trend is expected to be followed in future. India Brand Equity Foundation (IBEF) is a Trust founded by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the aim of promoting and creating international awareness of goods manufactured in India.

High price of raw materials for radiation curable coating is expected to be one of the restraining factors for the growth of radiation curable coating market over the forecast period. Innovation in products and expansions in different geographies are some of the key strategies adopted by the top players in the radiation curable coating industry. Research is in process for the use of radiation curable coating in Stereolithography. In this process three-dimensional parts are created from photosensitive resins. In addition to this, UV-LED curing which will offer distinct advantages such as long life time, cooler operating conditions and less of a gradual drop off in energy is being developed. Some of the major companies operating in the global radiation curable coating market are Royal DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE, and Sartomar.

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