Non-acrylated oligoamines to hold second-largest share of the UV curable resins and formulated products market in 2023. Major manufacturers - Allnex Netherlands B.V. (Germany), Alberdingk Boley GmbH (Germany), BASF SE (Germany), Covestro AG (Germany), Wanhua Chemical Group Co., Ltd. (China)
NEWARK, DE / ACCESSWIRE / August 22, 2024 / The global UV curable resin and formulated products market had an estimated valuation of USD 5.5 billion in 2023 and is expected to reach a size of USD 17 billion by 2034, increasing at a CAGR of 10.5% between 2024 and 2034. By 2024, the UV curable resin and formulated products market is poised to reach a valuation of USD 6.2 billion.
Developing bio-based UV curable resins made from renewable resources like plant oils or biomass is one innovation propelling market expansion. The innovation satisfies customer demand and legal standards while meeting the growing need for sustainable and ecologically friendly products.
To increase productivity and minimize expenses, companies should concentrate on streamlining their manufacturing procedures. Technological innovations like 3D printing and UV LED curing offer new avenues for developing goods and market expansion. In the dynamic UV curable resin and formulated products industry, emphasizing sustainability strongly and providing extensive technical assistance enhances competitive positioning and promotes long-term success.
![](https://www.accesswire.com/imagelibrary/7d644dc6-d5b5-4487-9f16-ee8d147350b2/905778/secure-the-future-of.jpg)
Key Takeaways from the Market Analysis
The global UV curable resin and formulated products market size reached USD 3.3 billion in 2019.
From 2019 to 2023, the UV curable resin and formulated products market experienced a CAGR of 14%.
Throughout the projection period, the UV curable resin and formulated products sector in the United States are expected to develop at a CAGR of 10.8%.
Oligomers are the most popular UV curable resin and formulated product compositions, and they are expected to expand at a CAGR of 10.3% through 2034.
With an anticipated 10.1% CAGR through 2034, UV-curable resin and formulated products are predicted to be increasingly utilized for coatings on paper and wood.
"Significant factors propelling the UV curable resin and formulated products market include increasing regulatory pressure and growing environmental concerns. Companies develop ecofriendly formulas with reduced volatile organic compounds (VOCs) to satisfy sustainability standards and lessen their influence on the environment"," says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.
Full Report URL: https://www.futuremarketinsights.com/reports/uv-curable-resin-and-formulated-products-market
Competitive Landscape
Companies within the UV curable resin and formulated products market are innovating by developing new chemistries and formulations to improve curing speed, adhesion, and flexibility.
They are also working to produce environmentally friendly alternatives by lowering volatile organic compound (VOC) emissions and using renewable resources. Advances in UV LED technology and 3D printing applications are driving innovation, allowing businesses to provide modern solutions for a variety of sectors.
Startups within the UV curable resin and formulated products market are disrupting the market with agile techniques, creating specialist formulations for specific uses such as electronics, healthcare, and environmentally friendly packaging. They use modern innovations like nanotechnology and bio based materials to distinguish themselves and conquer niche market niches.
Product Offerings
IGM Resins has a comprehensive product range that includes photoinitiators, monomers, oligomers, and additives for UV and EB (electron beam) curing applications. Their services are tailored to a variety of sectors, including coatings, inks, adhesives, and 3D printing, providing superior performance and adaptability.
Alberdingk Boley GmbH provides a diverse selection of high quality water based polyurethane dispersions, acrylic dispersions, and alkyd emulsions for a variety of coating applications. Their product line includes coatings for wood, paper, textiles, plastics, and other applications, serving sectors such as furniture, flooring, automotive, and packaging.
Key Segments Profiled in the UV Curable Resin and Formulated Products Market
By Composition:
Oligomers
Monomers
Photoinitiators
Additives
By Application:
Wood & Paper Coatings
Plastic Coatings
Metal Coatings
Printing Inks
Adhesives
3D Printing
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East & Africa
Browse Old Report :
Have a Look at the Related Reports of the Chemicals & Materials Domain:
The waterborne UV curable resin market size had an estimated market share worth USD 300 million in 2023, and it is predicted to reach a global market valuation of USD 1.6 billion by 2034, growing at a CAGR of 14.6% from 2024 to 2034.
The estimated size of the polysulfide resin market share in 2022 was close to USD 163.65 million. The usage of polysulfide resins in the building sector is expected to increase since they provide final goods with remarkable flexibility as well as weather resistance. It is thus likely to have produced USD 254.61 million by 2033, alongside a CAGR of 4.1% from 2023 to 2033.
The global UV coatings market is expected to attain a valuation of USD 4,065.94 million in 2023 and is projected to reach USD 6,780 million by 2033, rising at a CAGR of 5.2% during the forecast period.
The elastomeric membrane market demand had an estimated market share worth USD 45.9 billion in 2023, and it is predicted to reach a global market valuation of USD 98 billion by 2034, growing at a CAGR of 7.1% from 2024 to 2034.
The global super absorbent polymer market forecast reached USD 8.7 billion in 2023. Over the forecast period, the value is anticipated to rise at 5.4% CAGR. It is predicted to increase from USD 9.2 billion in 2024 to USD 15.5 billion in 2034. It is anticipated to exhibit a Y-o-Y growth of 5.6% in 2024.
The global personal care ingredient market type is projected to reach USD 13,643.4 million in 2024. The industry is set to surge at a CAGR of 4.6% during the forecast period 2024 to 2034. It will likely attain a value of USD 21,416.2 million by 2034 and is anticipated to showcase a Y-o-Y growth of 4.1% in 2024.
The industry size of advanced aerospace coating in Europe trends is estimated to stand at USD 519.66 million in 2024. The industry is projected to exceed a valuation of USD 846.47 million by 2034, registering a moderate CAGR of 4.5%.
The global ballistic protection material market segmentation value reached USD 15,247.8 million in 2023. Over the forecast period, the value is anticipated to rise at 6.1% CAGR. The industry is predicted to surge from USD 16,070.3 million in 2024 to USD 28,965 million in 2034. It is further projected to exhibit a Y-O-Y growth of 5.4% in 2024.
The global biocomposite market analysis reached USD 28.4 billion in 2023. Over the forecast period, the value is anticipated to rise at 15.5% CAGR. The industry is predicted to increase from USD 31.76 billion in 2024 to USD 133.84 billion in 2034. It is set to witness a Y-o-Y growth of 11.8% by 2024.
The global argon gas market overview is estimated to be worth USD 241.3 million in 2024. It is anticipated to reach a value of USD 408.4 million by 2034. Sales are projected to rise at a CAGR of 5.4% over the forecast period between 2024 and 2034. The revenue generated by the industry in 2023 was USD 229 million.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com