UV Cured Resins
Market is Expected to Reach US$ 5.6 Bn by 2022
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 http://www.credenceresearch.com/report/uv-cured-resins-market
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.
Download sample Pages
of the reports @ http://www.credenceresearch.com/sample-request/57827
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.
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 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
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global Sales
Manager)
Address:
105 N 1st ST #429, SAN JOSE, CA 95103 US
Ph: 1-800-361-8290
No comments:
Post a Comment