Global UV Curable Resins Market 2017-2021

Overview of the global UV curable resins market

Research analysis on the global UV curable resins market identifies that the benefits of UV curing over traditional dying methods will be one of the major factors that will have a positive impact on the growth of the market. Owing to the advantages such as better bonding, reduced reduction rates, increased solvency, enhanced production speed, and scratch resistance there is rise in the demand for UV curing systems in the automotive, electronics, graphic arts, glass, plastic decorating, and telecommunication industries. Additionally, UV curing also provides better cure speed when compared to the conventional cross linking relating to powder coatings or drying of solvents. This wil fuel the growth of the UV curable resins market, which according to Technavio's market research analysts will grow at a CAGR of close to 9% by 2021.

In terms of geographic regions, APAC will be the major revenue contributor of the UV curable resins market throughout the forecast period. APAC is the world's fastest growing and largest market for the consumption of UV curable resins with countries like China and Japan as the key consumers.The rising demand for UV curable resins from the end-user segments such as electronics and industrial coatings and the growth of the manufacturing sector, will drive the growth of this market in the region.

Competitive landscape and key vendors