Global UV Cured Resin Market by Type (Oligomers, Monomers, Photoinitiators, Additives), By Application (Overprint varnish, Printing inks, Adhesives, 3D printing, Other applications) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The global UV cured resin market is projected to grow at a CAGR of 4.2% from 2018-2028, according to updated research by Lucintel. The growing demand for versatile and high-quality products in the printing ink, overprint varnish, 3D printing, and other applications is driving the growth of this market. The increased usage of UV curing technology in various industries such as the automotive sector, construction industry and others will drive the growth rate during the forecast period.

UV cured resin is a polymer that cures and hardens when exposed to ultraviolet light. It can be either liquid or powder, depending on its type (monomer/oligomer) and the application it serves. The high-quality products are desired by various industries for their versatility in terms of usage as well as desired properties such as weather resistance, wear & tear resistance, temperature stability, etc. This can be used as an additive to other materials or on its own for creating high-quality products such as printing ink, overprint varnish, and more. It's usually purchased by the liter, gallon, or metric ton depending on what the customer needs.

On the basis of type, the global UV cured resin market is segmented into oligomers, monomers, and photoinitiators.

Oligomers

Oligomers are the most widely used type of UV resin. They typically have a molecular weight between 1000-5000 and can be easily synthesized by reacting monomers with an acid catalyst. Unlike other types, they only require one photoinitiator to cure them. Oligomer resins offer low viscosity properties which make them suitable for use in printing inks because it causes less ink bleed than methacrylate or epoxy resins do when printed on paper substrates such as cardboard packaging boxes or corrugated board sheets. This property also makes oligomer resins excellent candidates for adhesives that need to bond well onto different surfaces (such as metal) without dripping excessively into tight spaces during application due to their low viscosity.

Monomers

Monomers are the building blocks of UV-cured resin. They form a long chain which is then cross-linked with another monomer or oligomer to create polymers in the polymerization process. The most commonly used type of monomers for UV curing applications include ethoxylated acrylic acid (EAA), methacrylates, and styrene acrylate esters.

Photoinitiators

Photoinitiators are a type of UV cured resin that is used to initiate the polymerization reaction. Several photoinitiation systems exist, including benzophenone (BP), camphorquinone (CQ), and benzoin methyl ether. Photoinitiation occurs when an organic molecule absorbs energy in the ultraviolet range from a light source. This energy is then used to break a carbon-oxygen bond, resulting in the formation of an oxygen atom and new bonds with nearby molecules. A photoinitiator can be used with a light source of any wavelength as long as it is strong enough to break the carbon-oxygen bond.

On the basis of application, the global UV cured resin market is segmented into overprint varnish, printing inks, adhesives, and others.

Overprint Varnish

Overprint varnish is applied to a substrate as the last coat before lamination. Overprint varnishes are usually used on thin substrates that will be laminated, like labels and decals. The varnish is usually applied as a thin, glossy layer to provide protection against scratching and ink rub-off. The most important function of overprint varnishes is that they are designed for use in high-speed printing presses where the substrate often has irregular contours or bends. They can also be used on materials that have a tendency to wrinkle or curl. Finally, overprint varnish provides a protective coating for glossy and laminated materials to prevent the ink from rubbing off during handling as well as providing protection against scuffing when items are shipped. Overprint varnishes also provide an easier-to-clean surface that prevents debris from sticking in crevices.

Printing Inks

Printing inks are a type of UV cured resin used for printing on various surfaces. Printing ink is also referred to as “overprint varnish” which is a clear coat applied over artwork or digital media, typically before the item is printed. This provides protection against scratches and smudging that can occur during handling while allowing the substrate to show through the ink. Printing inks are typically applied by a screen printing process or digital printer. This application method enhances both color and detail of original artwork, as well as provides protection from UV light which can cause colors to fade over time.

Adhesives

UV cured resin is a critical ingredient in adhesives. In essence, UV curing technology can be used to create strong bonds between two or more surfaces without the use of traditional fasteners that rely on mechanical pressure and chemical reactions such as welding or gluing. This process works by applying light energy through an ultraviolet (UV) source to initiate polymerization of the resin and cure it on contact with a pre-selected surface.

On the basis of region, the global UV cured resin market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to be the largest market for UV cured resin in terms of revenue generation during the forecast period with a share of about 41%. This can primarily be attributed to increasing demand from downstream industries such as the automotive industry etc. Moreover, this region also has a large number of manufacturers.

Growth factors

The UV cured resin market is driven by factors such as increasing demand for high-performance products that require low VOC levels, rising environmental concerns in various countries, and improved efficiency of inkjet printers. These new developments have increased the requirement for sophisticated coatings with higher durability to be used on different substrates. Moreover, manufacturers are now able to identify and solve a variety of surface problems with the help of UV-cured resin.

The current consumption of UV-cured resins is mainly driven by the increasing demand for printing inks. Polymerization initiators such as benzoyl peroxide and camphorquinone are now being replaced with photoinitiators, which enable shorter curing cycles and therefore lower production costs.

Up Market Research published a new report titled “UV Cured Resin Market research report which is segmented by Types (Oligomers, Monomers, Photoinitiators, Additives), By Applications (Overprint varnish, Printing inks, Adhesives, 3D printing, Other applications), By Players/Companies BASF SE, Toagosei Co., Koninklijke, The Nippon Synthetic Chemical Industry, Covestro, Wanhua Chemical, Miwon Specialty Chemical, Hitachi, Arkema, DIC Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global UV Cured Resin Market Report Segments:

The market is segmented by Type Oligomers, Monomers, Photoinitiators, Additives and By Application Overprint varnish, Printing inks, Adhesives, 3D printing, Other applications.

Some of the companies that are profiled in this report are:

1. BASF SE
2. Toagosei Co.
3. Koninklijke
4. The Nippon Synthetic Chemical Industry
5. Covestro
6. Wanhua Chemical
7. Miwon Specialty Chemical
8. Hitachi
9. Arkema
10. DIC Corporation

UV Cured Resin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the UV Cured Resin Market

Overview of the regional outlook of the UV Cured Resin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The UV Cured Resin Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of UV Cured Resin Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Oligomers

                2. Monomers

                3. Photoinitiators

                4. Additives

                1. Overprint varnish

                2. Printing inks

                3. Adhesives

                4. 3D printing

                5. Other applications

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the UV Cured Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the UV Cured Resin Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.