Dallas, TX -- (SBWIRE) -- 09/12/2014 -- The report, “UV Curable Resins Market by Application (Coatings, Inks, Adhesives, & Others), End-User Industry (Graphic Arts, Industrial Coatings, Electronics, & Others) & Geography - Trends & Forecasts to 2018” defines and segments the global UV curable resins market with an analysis and forecasting of the global consumption volume and value.

Browse 78 market data tables and 26 figures spread through 178 pages and in-depth TOC on “UV Curable Resins Market - Trends & Forecasts to 2018”
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UV curing is a highly growing technology of instant curing in which UV light is used to cause photo-polymerization in various products like coatings, inks, and adhesives, and the resins employed for formulating are called UV curable resins. A photoinitiator is used in such formulations which initiates the polymerization process by capturing UV light. The market demand for UV curable resins is growing considerably due to budding demand from end-user industries like industrial coatings, graphic arts, electronics, and various other industries.

Currently, the demand of UV curable resins is driven by budding demand for green coatings due to stringent emission norms, growing electronics market, and growth by inks employed in packaging applications. Increasing penetration into various markets like metal coatings and 3D printing encloses the major opportunities in the UV curable resins market. UV curable products are moving out of the factories to the field applications, which is a direct result of numerous improvements in UV curing equipments and technological transformations in end products. In field curing, the major applications are concrete floor coating, wood floor coating, vinyl floor coating, countertops coating, tubs coating, etc. All of these application segments are in the phase of development with an effective commercialization expected in the coming years. Additionally, UV technology is also expected to be recognized as one of the leading technologies for the metal coatings application in the future contrary to its limited current footprint in this segment. The metal coatings market includes several industries, including automotive, protective, coil, can, etc.

Also, 3D printing materials with high processability, flexibility, and stability are the current revolution globally. The market demand for 3D printing materials is expected to grow at a rate of over 20.0% through 2013 and with the budding penetration of UV curable resins in this market, it may turn out to be a crucial opportunity for resin manufacturers in the future.

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There are various markets, especially in the Asia-Pacific and ROW regions, where the volumetric consumption of UV curable products is quite low, due to comparatively low awareness and non-compliance of emission standards. Due to this, the investments are quite low for these products in various potential consuming countries of the aforementioned regions, but ultimately it is a clear anticipation that the countries will move towards UV curable products, to seek reduced emissions. Also, the increasing purchasing power in developing countries and need for high-performance products may add to the high demand in the future.

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