Global UV Cured Resins Market to 2022 Size,Share,analysis,Trends and Forecast,by Credence Research

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UV Cured Resins Market is Expected to Reach US$ 5.6
Bn by 2022
Report Description:
According to a new market report published by Credence Research “UV Cured Resins Market Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the UV cures
resins market was valued at US$ 2.9 Bn in 2014, and is expected to reach US$ 5.6 Bn by 2022,
expanding at a CAGR of 9.0% from 2016 to 2022.
Browse the full UV Cured Resins Market by Compositions, Mode of Applications
and End-Users - Growth, Share, Opportunities, Competitive Analysis, and
Forecast 2015 – 2022 report at
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Market Insights
UV cured resins are polymers which harden quickly when exposed to sunlight. The resin is thick
like honey when kept in indoor light which makes it possible for users to work with items or
materials which need to be cured. After curing the UV cured resins is dense than its original
state because of its resin chemistry. Resin chemistry is used by manufacturers to meet the
needs of the customers. In this case both ultraviolet light and visible light are used which are
known as curing mechanisms for resin chemistry. Ultraviolet light do possess potential hazards
and hence, users working with ultraviolet light compulsory have to wear protective tools.
Electronic industry is considered to be one among the vital industries worldwide. It is the major
sector contributing to strong growth of global U cured resins market. UV cures resins are used
on a large scale for various applications such as mobile phones, laptops, game console coatings
and automobiles among others. Rapid growth in UV cured resins market is observed due to the
increasing capacity of expenditure on electronics by the consumers.
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This in turn is leading to high demand for other components in the electronic industry. China is
the considered to be the major market for electronics. In addition, increasing demand for UV
curable inks is also one among the driving factor for growth of global UV cured resins market.
Packaging industry is reported to have a significant impact on the growth of UV cured resins
market.
UV cured resins are majorly used for label printing in the packaging industry. North America
dominated the market for UV cured resins due to high demand for packaged food and
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beverages in the region. Hence, UV cured resins is expected to observe high demand from
various end-user industries during the forecast period.
Competitive Insights
UV cured resins are segmented by compositions into photoinitiator market, Oligomers market
and monomers market. Monomers dominated the global UV cured resins market in 2014 and
are expected to retain its position in the near future. Oligomers market accounted for second
largest composition of UV cures resins market and is expected to experience steady demand
during the forecast period. By modes of application, the UV cured resins market is segmented
into masking materials, UV cures resins ink market, pre-coated gaskets market and UV cured
resins adhesives market.
UV cured resins inks market accounted for major share of global UV cured resins market.
Growing packaging industry has led to high demand for curable inks in the market.
Therefore, strong demand is observed for UV cured resins inks in the global market. Masking
materials accounted for second largest application for UV cured resins market due to high
demand from building & construction and packaging industry. Other applications are also
projected to build strong demand for UV cured resins market during the forecast period from
2015 to 2022.
Key Trends
Useful in manufacturing of electronic components
High demand from packaging, building & construction and automotive industry
Growth of 3D printing market worldwide
Opportunities in the field of epoxy and polyester acrylates
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According to a new market report published by Credence Research “UV Cured Resins Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the UV cures resins market was valued at US$ 2.9 Bn in 2014, and is expected to reach US$ 5.6 Bn by 2022, expanding at a CAGR of 9.0% from 2016 to 2022.