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Home » Chemicals » Speciality Chemicals » CSP-2320316
  • Global UV Cured Resin Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • Publish: February 2016 | Report Code: CSP-2320316

The global UV cured resins market is expected to grow and reach $5650 million by 2022, growing at a CAGR of 9% in the forecast period.

The global UV-cured resins technologies market is segmented on the basis of application, composition, and end user. On the basis of application, the market is categorized into masking materials, adhesives, inks and pre-coated gaskets market. Among which the inks market dominates the UV cured resin market in terms of application, due to the technological advancements in the printing technology. Adhesives are the fastest growing market in this application segment. In terms of end users, the market is divided into graphic arts, packaging, industrial coating, electronics, and healthcare market.  Amongst which the industrial coating market is the largest segment owing to the growing investments in manufacturing and industrial sectors. On the basis of composition, the global market is segmented into photo initiators, monomers and oligomers market.

Due to growing demand from electronics industry, there has been a huge growth in the UV cured resins market as it has a wide application in the electronics industry. Its applications are in game console coatings, laptops, mobile phones, automobiles and so on, which fuels the market growth. Another market driver is the increasing demand for UV curable inks. Packaging industry has a huge impact on the growth of UV curable inks. Stringent government regulations that are present related to the emission of volatile organic compounds has boosted the market growth and increased the adoption of UV curable inks in the publication sector due to properties like time and cost savings, high image quality, ideal for varied applications and increased productivity. Due to rising environmental concerns across the globe there has been a shift towards the eco-friendly resins boosting the UV cured resins market. Ever increasing technologies and the rapid innovations that come up in the chemical curing market is also a key factor responsible for the growth of UV cured resins market. Rising demand from Asia Pacific region due to rapid industrialization, acts a huge factor boosting the market growth.

UV cured resins are expensive when compared to the conventional resins that are available due to its high manufacturing cost and fluctuating cost of raw materials which greatly impacts the demand for the global UV-cured resins market. The main reason for the expensive nature of the UV curable ink is the high cost of raw materials, which restrains the market growth. Other factors restraining the market growth are the unattractive prices that are available in the market, as the price of UV cured resins is higher its growth is restrained due to presence of various other cheaper competitive products. Also, the low temperature resistance capability of the UV cured resins acts as an hindrance to growth.

There exists opportunities in the market which helping the market to grow and tap the untapped segments. Due to the continuous innovations in the 3D printing technology, there has been an increase in the use of UV cured resins in posters, billboards, window graphics, indoor signage, banners, and more. Another opportunity available in the market is development in the epoxy and polyester acrylates, which has led to the growth of the UV cured resins market. Also, the presence of various emerging economies across the globe provides a huge opportunity to tap these markets. Europe is an emerging market for establishing the UV cured resins market.

There are various challenges that are available in the market, like the low export demand of UV cured resins. The fluctuations in the crude oil prices are likely to have a negative impact on the growth of this market.  The harmful effects of the UV radiation can adversely affect the market growth. Also, there has been a declining phase of industrialization in Europe, due to the contraction in manufacturing sector.

North American region is the largest market for the UV cured resins, owing to the increasing demand from various end user application industries like the packaging, automotive, and electronics. US hold the maximum market share owing to the growth of automotive & packaging industry. Europe is the second largest market for UV cured resins, due to the growing usage in the consumer electronics, wood coatings and graphic arts markets. Asia Pacific is the fastest growing market, with China and Japan being the key consumers of UV cured resins while the countries like South Korea and Taiwan have comparatively small consumption levels. The Middle East & African markets due to growth in the construction sector, is expected to grow in the forecast period.

Some of the major market players are BASF SE, Allnex Belgium SA, DSM-AGI Corporation, Dymax Co., Eternal Materials, Hitachi Chemical Company, Ltd. and many more.

 
 
1.    INTRODUCTION
 
1.1.    EXECUTIVE SUMMARY
 
1.2.    ESTIMATION METHODOLOGY
 
 
 
2.       MARKET OVERVIEW
 
2.1.    MARKET DEFINITION AND SCOPE
 
2.2.    KEY FINDINGS
 
2.3.    PARAMETRIC ANALYSIS
 
2.3.1. RAW MATERIAL SUPPLIER
 
2.3.2. PRODUCTION GEOGRAPHICALLY
 
2.3.3. ADOPTION ACROSS VARIOUS INDUSTRIES
 
2.4.    KEY MARKET INSIGHTS
 
2.4.1. TOP 3 EMERGING COUNTRIES
 
2.4.2. TOP 3 REVENUE GENERATING SEGMENTS
 
2.4.3. TOP GROWING MARKETS AND EMERGING TRENDS
 
2.4.4. TOP 3 GEOGRAPHY
 
2.5.    COMPETITIVE LANDSCAPE
 
2.5.1. MARKET SHARE ANALYSIS
 
2.5.2. TOP WINNING STRATEGIES
 
2.5.3. CASE STUDIES: TOP COMPETITIVE MOVES
 
2.6.    PORTER’S FIVE FORCE MODEL
 
2.6.1. THREAT OF NEW ENTRANTS
 
2.6.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
 
2.6.3. BARGAINING POWER OF BUYER
 
2.6.4. BARGAINING POWER OF SUPPLIER
 
2.6.5. INTENSITY OF COMPETITIVE RIVALRY
 
2.7.    KEY BUYING CRITERIA
 
2.8.    STRATEGIC RECOMMENDATION
 
2.9.    STRATEGIC CONCLUSIONS
 
 
 
3.       MARKET DETERMINANTS
 
3.1.    MARKET DRIVERS
 
3.1.1.RISING DEMAND IN ELECTRONICS SEGMENT
 
3.1.2. GROWING UV CURABLE INKS USAGE
 
3.1.3  UNSUPPORTIVE GOVERNMENT POLICIES
 
3.1.4 TECHNOLOGICAL ADVANCEMENT
 
3.1.5 GROWING INDUSTRIES IN APAC
 
3.1.6 RISING DEMAND FOR ECO-FRIENDLY COATINGS
 
3.2.    MARKET RESTRAINTS
 
3.2.1. HIGH COST
 
3.2.2 LIMITATIONS IN APPLICATION
 
3.2.3 PRICE UNATTRACTION IN COMPETITIVE MARKETS
 
3.3.    MARKET OPPORTUNITIES
 
3.3.1. GROWING 3D PRINTING MATERIAL MARKET
 
3.3.2 GROWTH IN POLYSTER ACRYLATES AND EPOXY FIELDS
 
3.3.3 EMERGING ECONOMIES
 
 
3.4.    MARKET CHALLENGES
 
3.4.1. HIGH COST OF MANUFACTURE
 
3.4.2  SEASONAL NATURE OF RAW MATERIALS
 
3.4.2. COMPETITIVE PRICING OF ECG EQUIPMENTS
 
3.5.    PARENT MARKET
 
3.6.    COMPETITOR MARKET
 
3.7.    ALTERNATIVE MARKET
 
 
 
4.       MARKET SEGMENTATION
 
4.1.    BY END USERS
 
         4.1.1. GLOBAL UV CURED RESINS PACKAGING MARKET 2014-2023 ($ MILLION)
 
         4.1.2. GLOBAL UV CURED RESINS GRAPHICS ART MARKET 2014-2023 ($ MILLION)
 
         4.1.3. GLOBAL UV CURED RESINS ELECTRONICS MARKET 2014-2023 ($ MILLION)
 
         4.1.4. GLOBAL UV CURED RESINS INDUSTRIAL COATINGS MARKET 2014-2023 ($ MILLION)
 
         4.1.5 GLOBAL UV CURED RESINS HEALTHCARE MARKET 2014-2023 ($ MILLION)
 
4.2.    BY COMPOSITION
 
          4.2.1. GLOBAL UV CURED RESINS PHOTOINITITORS MARKET 2014-2023 ($ MILLION)
 
         4.2.2. GLOBAL UV CURED RESIN MONOMER MARKET 2014-2023 ($ MILLION)
 
         4.2.3  GLOBAL UV CURED RESIN OLIGOMERS MARKET 2014-2023 ($ MILLION)
       
 
4.3.    BY GEOGRAPHY
 
         4.3.1. NORTH AMERICA UV CURED RESIN MARKET 2014-2023 ($ MILLION)
 
         4.3.2. APAC UV CURED RESIN MARKET 2014-2023 ($ MILLION)
 
         4.3.3. EUROPE UV CURED RESIN MARKET 2014-2023 ($ MILLION)
 
         4.3.4. ROW UV CURED RESIN MARKET 2014-2023 ($ MILLION)
 
 
 
5.       GEOGRAPHIC ANALYSIS
 
5.1.    NORTH AMERICA UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.1.1. UNITED STATES (US) UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.1.2. CANADA UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.    EUROPE UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.1. UNITED KINGDOM (UK) UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.2. FRANCE UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.3. GERMANY UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.4. SPAIN UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.2.5. ITALY UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.3.    ASIA PACIFIC UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.3.1. INDIA UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.3.2. CHINA UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.3.3. JAPAN UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
5.4.    REST OF THE WORLD UV CURED RESIN FOR INDUSTRIAL APPLICATIONS MARKET 2014-2023 ($ MILLION)
 
 
 
6.       COMPANY PROFILES
 
6.1.       CARDIAC SCIENCE
 
6.2.       COMPUMED
 
6.3.       MINDRAY
 
6.4.       WELCH ALLYN
 
6.5.       SCHILLER
 
6.6.     BIONET
 
6.7.       GE HEALTHCARE
 
6.8.       PHILIPS
 
6.9.       MORTARA INSTRUMENTS, INC
 
6.10.    SPACELABS HEALTHCARE,INC
 
6.11.   NIHON KOHDEN CORPORATION
 
6.12.   CARDIONET INC.
 
6.13.   SIEMENS MEDICAL SOLUTION
 
6.14.   FUKUDA DENSHI CO.
 
6.15.    COMPUMED INC
 
 
LIST OF TABLES
 
TABLE # 1    UV CURED RESIN PROPERTIES AND THEIR APPLICATIONS
    
TABLE # 2    KEY MANUFACTURERS IN UV CURED RESIN MARKET AND THEIR STRATEGIES TO STAY AHEAD IN THE COMPETITION
    
TABLE # 3    GOVERNMENT REGULATIONS FOR EMISSION OF VOC IN VARIOUS REGIONS.
    
TABLE # 4    VARIOUS TECHNOLOGICAL INNOVATIONS IN THE UV CURED RESINS MARKET
    
TABLE # 5    COAT ANALYSIS BETWEEN WAX AND UV MASKING RESINS FOR PLATTING APPLICATION
    
TABLE # 6    BENEFITS OF UV PRINTING
    
TABLE # 7    BENEFITS OF UV CURED ADHESIVES
    
TABLE # 8    UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY END USER 2014-2023 ($ MILLION)
    
TABLE # 9    ELECTRONIC INDUSTRY PRODUCTS
    
TABLE # 10    INDUSTRY ACTIVITIES
    
TABLE # 11    BENEFITS OF UV CURED RESINS FOR ELECTRONIC INDUSTRIES
    
TABLE # 12    UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY COMPOSITION 2014-2023 ($ MILLION)
    
TABLE # 13    NORTH AMERICA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
TABLE # 14    EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2014-2023 ($ MILLION)
    
TABLE # 15    ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2014-2023 ($ MILLION)
    
LIST OF FIGURES    
    
FIGURE # 1    GLOBAL UV CURED RESIN MARKET 2014-2021 ($ MILLION)
    
FIGURE # 2    UV CURED RESINS HAVE MULTIPLE APPLICATIONS
    
FIGURE # 3    GLOBAL UV CURED RESIN MARKET BY END USE IN 2014
    
FIGURE # 4    UV CURED RESINS MARKET SHARE BY INDUSTRY
    
FIGURE # 5    BRIC CONSUMER’S EXPENDITURE ON CONSUMER ELECTRONICS IN 2013
    
FIGURE # 6    WORLD EXPORTS OF ELECTRONICS GOODS ($ BILLION AT CURRENT PRICES AND CURRENT EXCHANGE RATES)
    
FIGURE # 7    INDUSTRIAL GROSS VALUE ADDED IN THE EU BY INDIVIDUAL COUNTRIES IN 2012
    
FIGURE # 8    UV-CURED RESINS: TECHNOLOGIES AND GLOBAL MARKETS BY MODE OF APPLICATION 2014-2023 ($ MILLION)
    
FIGURE # 9    GLOBAL UV-CURED RESINS: MASKING MATERIAL MARKET 2014-2023 ($ MILLION)
    
FIGURE # 10    UV CURABLE MASKING RESINS PERCENTAGE DISTRIBUTION 2015.
    
FIGURE # 11    AVERAGE DAILY NEWSPAPER CIRCULATION COMPARISON BETWEEN INDIA, CHINA AND ROW, 2021
    
FIGURE # 12    GLOBAL UV-CURED RESINS: INKS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 13    TYPES OF UV-CURABLE INKS
    
FIGURE # 14    WORLD DEMAND FOR ADHESIVES 2015
    
FIGURE # 15    GLOBAL UV-CURED RESINS: ADHESIVES MARKET 2014-2023
    
FIGURE # 16    GLOBAL PACKAGING SALES, 2018
    
FIGURE # 17    GLOBAL 3D PRINTING INDUSTRY FORECAST 2014-2020 ($ BILLION)
    
FIGURE # 18    GLOBAL UV-CURED RESINS: GRAPHIC ARTS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 19    GLOBAL UV-CURED RESINS: INDUSTRIAL COATING MARKET 2014-2023 ($ MILLION)
    
FIGURE # 20    GLOBAL HEALTHCARE INDUSTRY MARKET GROWTH IN US$ TRILLION 2013-2015
    
FIGURE # 21    TOTAL HEALTHCARE EXPENDITURE FROM PUBLIC SECTOR FOR G7 COUNTRIES, 2014
    
FIGURE # 22    GLOBAL UV-CURED RESINS: HEALTHCARE MARKET 2014-2023 ($ MILLION)
    
FIGURE # 23    GLOBAL UV-CURED RESINS: ELECTRONICS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 24    GLOBAL UV-CURED RESINS: PHOTOINITIATORS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 25    MARKET SHARE OF PHOTOINITIATORS UV RESINS MARKET IN APAC REGION IN $ MILLION 2014-2021
    
FIGURE # 26    GLOBAL UV-CURED RESINS: OLIGOMERS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 27    GLOBAL UV-CURED RESINS:MONOMERS MARKET 2014-2023 ($ MILLION)
    
FIGURE # 28    U.S. MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 29    NORTH AMERICA PACKAGING INDUSTRY 2016
    
FIGURE # 30    US ADHESIVE MARKET 2016
    
FIGURE # 31    US UV MARKET BY SEGMENT
    
FIGURE # 32    CANADA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 33    EUROPE FOOD PACKAGING MARKET SHARE
    
FIGURE # 34    WOOD COATING MARKET SHARE IN EUROPE
    
FIGURE # 35    INDIA UV CURED MARKET ESTIMATES AND FORECAST 2014-2023($ MILLION)
    
FIGURE # 36    AUSTRALIA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 37    CHINA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 38    ADHESIVE REVENUE BREAK DOWN OF END USER INDUSTRY OF CHINA, 2014
    
FIGURE # 39    CHINA SHARE IN GLOBAL AUTOMOTIVE MARKET
    
FIGURE # 40    JAPAN MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 41    MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
    
FIGURE # 42    MIDDLE EAST AND AFRICA UV CURED RESINS MARKET BY END-USER, 2014
    
FIGURE # 43    LATIN AMERICA MARKET ESTIMATES AND FORECAST 2014-2023 ($ MILLION)
 

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