12.22.21
MarketsandMarkets’ report "UV Curable Resins and Formulated Products Market by Composition (Oli-gomers, Monomers, Photoinitiators, Additives), Chemistry (Non-acrylated Oligoamines, Acrylate Oligomers), Application, Technology, and Region - Global Forecast to 2026," is expected to grow from $4.6 billion in 2021 to $7.3 billion by 2026, at a CAGR of 9.7% during the forecast period.
Government initiatives emphasizing on adoption of clean fuel and growth in number natural and fuel cell electric vehicles are expected to drive the market.
Oligomers comprises a major share in composition type in terms of value. 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, ad-hesives, coatings, and binders cross-linked by radiant energy are determined mainly by the type of oligomers used in the chemical formulation.
Acrylate oligomers is the largest chemistry type of UV curable resins and formulated products in terms of value and volume. Acrylate oligomers are rapidly growing and are a viable choice of UV curable resins for several end uses such as wood floors, kitchen cabinets, and furniture. They are also used in hardwood & resilient flooring, ski & snowboard coatings, and coatings for premium & medium-priced point furniture. Urethane acrylates offer high-end performance with minimal process issues and nearly zero VOC emission.
100% solid UV resin technology dominates the global UV curable resins and formulated products market in terms of value and volume. 100% solids UV formulations provide in-creased corrosion resistance, coating thickness, edge retention, a higher level of performance, and require less drying time. They can self-prime and have been used to replace low solids formulations in lining drum interiors.
100% solids UV formulations are used for aluminum extrusions, office furniture, appliances, business machines, containers, and various other OEM applications. Two-component polyurethane-based high solids coatings cure at lower temperatures than baking systems, thereby reducing energy costs.
Coatings application dominates the market in the global UV curable resins and formulated products market during the forecast period in terms of value and volume. In the coatings industry, UV curable coatings technology is one of the fastest-growing segments, driven mainly by the “going green” trend and its increasing applications in various industries.
Government initiatives emphasizing on adoption of clean fuel and growth in number natural and fuel cell electric vehicles are expected to drive the market.
Oligomers comprises a major share in composition type in terms of value. 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, ad-hesives, coatings, and binders cross-linked by radiant energy are determined mainly by the type of oligomers used in the chemical formulation.
Acrylate oligomers is the largest chemistry type of UV curable resins and formulated products in terms of value and volume. Acrylate oligomers are rapidly growing and are a viable choice of UV curable resins for several end uses such as wood floors, kitchen cabinets, and furniture. They are also used in hardwood & resilient flooring, ski & snowboard coatings, and coatings for premium & medium-priced point furniture. Urethane acrylates offer high-end performance with minimal process issues and nearly zero VOC emission.
100% solid UV resin technology dominates the global UV curable resins and formulated products market in terms of value and volume. 100% solids UV formulations provide in-creased corrosion resistance, coating thickness, edge retention, a higher level of performance, and require less drying time. They can self-prime and have been used to replace low solids formulations in lining drum interiors.
100% solids UV formulations are used for aluminum extrusions, office furniture, appliances, business machines, containers, and various other OEM applications. Two-component polyurethane-based high solids coatings cure at lower temperatures than baking systems, thereby reducing energy costs.
Coatings application dominates the market in the global UV curable resins and formulated products market during the forecast period in terms of value and volume. In the coatings industry, UV curable coatings technology is one of the fastest-growing segments, driven mainly by the “going green” trend and its increasing applications in various industries.
