The global UV curable resins and formulated products market is expected to witness significant growth over the forecast period, driven by the increasing demand from various end-use industries such as coatings, adhesives, and inks. According to a recent market research report by VynZ Research, the market is projected to grow at a CAGR of 9.8% from 2021 to 2027, reaching a value of USD 7.6 billion by the end of the forecast period.

Factors driving the growth of the market include the increasing demand for eco-friendly and sustainable products, the rising adoption of UV curable resins in 3D printing applications, and the growing demand from the automotive and aerospace industries for high-performance coatings and adhesives.

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The global UV curable resins and formulated products market can be segmented based on Composition, Chemistry, Technology, application, and region. On the basis of Composition, the market can be divided segregated into oligomers, monomers, photoinitiators, and additives. Based on application, the market can be classified into coatings, adhesives, inks, and others.

Among these segments, the coatings segment is expected to account for the largest share of the market over the forecast period, owing to the growing demand for high-performance coatings in various end-use industries such as chemicals and materials industries.

UV Curable Resins and Formulated Products Market: Regional Analysis

Geographically, the global UV curable resins and formulated products market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region is expected to dominate the market over the forecast period, owing to the growing demand for UV curable resins and formulated products from various end-use industries in countries such as China, Japan, and India.

UV Curable Resins and Formulated Products Market: Competitive Landscape

The global UV curable resins and formulated products market is highly fragmented, with several players operating in the market. Some of the key players in the market include Allnex GMBH, Alberdingk Boley, BASF SE, Covestro AG, Wanhua, Miwon Specialty Chemical Co., Ltd., Showa Denko Materials Co., Ltd., Arkema, SOLTECH LTD., and TOAGOSEI CO., LTD.

Conclusion

In summary, the global UV curable resins and formulated products market is projected to witness significant growth over the forecast period, driven by the increasing demand from various end-use industries such as coatings, adhesives, and inks. The market is highly fragmented, with several players operating in the market. The Asia Pacific region is expected to dominate the market over the forecast period, owing to the growing demand for UV curable resins and formulated products from various end-use industries in countries such as China, Japan, and India.

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