Title: 3 major trends to augment UV curable resins market share over 2020-2026
1 UV Curable Resins Market Analysis and Outlook by
Types and Application (2021-2026)
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2Global Market Scenario of UV Curable Resins
Industry
- Such collaborations are touted to drive the
demand for UV resins, augmenting revenue
expansion over the forthcoming years. The global
UV curable resins market size is anticipated to
surpass USD 8.5 billion by 2026, cites the latest
research by Global Market Insights, Inc. - Few pivotal trends driving UV curable resins
market growth include - Escalating demand from paints coatings industry
in LATAM - The scaling paints coatings market in Latin
America on account of the extensive demand from
industrial and automotive sectors is set to push
UV curable resins market share over the
anticipated span. The regional industry size is
projected to escalate by more than USD 340
million through 2026. - An increase in the infrastructural development
initiatives by regulators in the region is likely
to foster the growth of the building
construction sector, boosting the demand for
paints having UV curable resin ingredients.
Citing an instance, in 2019, the Ministry of
Infrastructure, Brazil, announced plans for the
development of more than 50 infrastructure
projects comprising highways, ports, and
airports.
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3Continue-
- Rising adoption of UV curable resins based
industrial coatings - The UV curable resins based industrial coatings
provide beneficial characteristics comprising
waste reduction, resistance to loss of coating
thickness, and improved productivity in lesser
time. This has been instrumental in stimulating
the adoption of coatings with UV curable resin
composition at the global level. - The segment is estimated to grow by more than 9
per cent through 2026. The escalating demand for
chemical resistant finishes, wood coatings, and
low pollution coatings is likely to propel
segment expansion over the assessment period. - Surging popularity of UV curable additives resins
- The UV curable additives resins are prominently
utilized in the electronics, plastics packing,
as well as automotive industries. Their
increasing popularity is ascribed to the presence
of multiple properties comprising lubricity,
superior reinforcing, non-stick properties, and
wear resistance.
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5360 Industry Analysis
- The UV curable additives resins market accounted
for a valuation of USD 187.83 million in 2019 and
is estimated to grow at a commendable rate of
more than 8 per cent through 2026. -
- In a nutshell, the escalating demand for wooden
furniture from residential and commercial
segments is set to augment UV curable resins
market expansion, stimulating revenue growth over
the ensuing years. -
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6- Competitive Analysis
- BASF SE, Miwon Specialty Chemicals, ALLENEX, DSM
N.V., Hitachi Chemical, Arkema, Eternal
Materials, Jiangsu Litian Technology, IGM,
Jiangsu Sanmu Group, Toagosei Co. Ltd., Soltech
Limited are some of the key players operating in
the UV Curable Resins market.
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