UV-Curable Resins Market set to grow to $9.31 billion by 2029
From GlobeNewswire: 2025-04-10 20:30:00
The UV-Curable Resins Market is set to grow from USD 6.48 billion in 2024 to USD 9.31 billion by 2029, with a CAGR of 7.5%. The demand for UV-curable resins is increasing due to their diverse applications in industries like wood, electronics, automotive, and more. Technological advancements in curing processes will further boost the market.
Key players in the UV-Curable Resins Market include Allnex Netherlands B.V., BASF SE, Covestro AG, and more. Drivers for market growth include environmental concerns, while challenges include limited substrate compatibility. Opportunities lie in the growing demand for UV-curable inks. The additives segment is expected to grow at the highest CAGR during the forecast period.
Asia Pacific dominates the global UV-Curable Resins Market in terms of value. The paper & packaging industry is expected to hold the largest share. 100% solid UV-curable resins are gaining popularity for their efficiency, performance, and environmental benefits. Monomers, the organic materials used in resins, are expected to have a significant market share in both volume and value.
Europe, with Germany leading, is the second-largest market for UV-curable resins. The region is experiencing growth driven by regulations on VOCs by the European Union. Major players like Alberdingk Boley GmbH and Wanhua Chemical Group Co., Ltd. have a strong market presence globally, offering a wide range of products and services.
Alberdingk Boley GmbH is a leading European producer of water-based dispersions for various industries. Wanhua Chemical Group Co., Ltd. is a key manufacturer of chemical products serving industries like electronics, construction, transportation, and more. Both companies have established R&D centers and production facilities.
The UV-Curable Resins Market is witnessing steady growth, with opportunities for UV-curable technologies and manufacturers. Europe, driven by regulations on VOCs, is experiencing growth in the market. Major players like Alberdingk Boley GmbH and Wanhua Chemical Group Co., Ltd. are leading the market with their innovative products and solutions.
Read more at GlobeNewswire: UV-Curable Resins Market worth $9.31 billion in 2029, at a