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- 282 Market data Tables
- 40 Figures
- 217 Pages and in-depth TOC on “UV Curable Resins and Formulated Products Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
Allnex Netherlands B.V. (Germany), Alberdingk Boley
COVID-19 has negatively affected the demand for UV curable resins and formulated products across the globe due to decrease in end-use applications. At the beginning of 2020, the value chain of the UV curable resins was disrupted by COVID-19. China was severely affected by the pandemic, and the government called the lockdown of 21 provinces. Wuhan and Hubei provinces are the leading manufacturing centers and trade hubs, which were under lockdown. This affected the supply chain of the UV curable resins and formulated products market. Later, European and North American countries were affected by the pandemic.
Owing to the lockdown in various countries, the labor force cannot be deployed at manufacturing facilities. The demand from various applications has declined as many projects went on hold due to stringent lockdown rules. However, the demand for UV curable resins and formulated products is expected to increase, as many application areas are coming to their normal processing.
Oligomers comprises a major share in composition type in terms of value
Oligomers are high molecular weight and high viscosity UV curing materials. They are produced using several different backbone building chemistries, such as polyester acrylates, epoxy acrylates, urethane acrylates, and acrylic acrylates. Oligomers impart most of the basic properties to the UV curing formulation. The overall properties of printing inks, adhesives, coatings, and binders crosslinked by radiant energy are determined mainly by the type of oligomers used in the chemical formulation.
APAC is expected to account for the largest market share in the UV curable resins and formulated products market during the forecast period.
APAC is the largest UV curable resins and formulated products market in terms of both value and volume. The UV curable resins and formulated products market in APAC is segmented into China, Japan, South Korea, India, Vietnam, Malaysia, and Rest of APAC. It is one of the world’s fastest-growing markets for UV curable resins and formulated products. The market is projected to register a high CAGR in the next five years. The region offers significant commercial opportunities for the growth of the UV curable resins and formulated products market.
