Catherine Diamond, Associate Editor04.08.16
The resins market, which suffered enormously as a result of the 2008 economic downturn, has been consistent in its recovery and is expected to continue growing through at least 2020. Multiple reports published in 2015 and early 2016 indicate that the resins market – inclusive of segments such as acrylic, adhesive and UV-curable resins – is enjoying a healthy resurgence in mature markets, as well as explosive growth in the Asia-Pacific region.
The global UV curable resins market was valued at $3,555.8 million in 2014, according to P&S Market Research, and it is expected to grow with a CAGR of 9.4 percent during 2015-2020.
“The factors driving the growth of the global market include stringent government regulations on emission norms and increasing demand from electronics market,” the report stated. “The government regulations have become more stringent over controlling the release of VOCs in the environment. Traditional inks, adhesives and coatings contain hydrocarbon solvents, and upon curing (normal as well as through heat), release hydrocarbons into the atmosphere.
According to the report, many subs
The global UV curable resins market was valued at $3,555.8 million in 2014, according to P&S Market Research, and it is expected to grow with a CAGR of 9.4 percent during 2015-2020.
“The factors driving the growth of the global market include stringent government regulations on emission norms and increasing demand from electronics market,” the report stated. “The government regulations have become more stringent over controlling the release of VOCs in the environment. Traditional inks, adhesives and coatings contain hydrocarbon solvents, and upon curing (normal as well as through heat), release hydrocarbons into the atmosphere.
According to the report, many subs
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