New York, NY -- (SBWIRE) -- 08/17/2016 -- Photo curing states certain way of radiation curing wherein several product formulations, including coatings, adhesives, inks and other materials can be cured, rather than using conventional methods which are usually energy demanding and produce harmful discharges. The photo curing technology, utilizes various multi-functional resins that are also called UV curable resins, by showing them to UV light are cross-linked. The UV light activates a photo initiator to generate the polymerization initiating species which very quickly alter the liquid resins to cross-linked coatings. The resins employed in the formulations can be largely classified as monomers and oligomers.

The photocurable resins market is undergoing an era of massive growth which is likely to continue in the near time, majorly owing to largely growing Asia Pacific region and extreme efforts for promoting environment-friendly products. A lot of investments are being made by many industry players in order to balance the supply and demand and grab the high potential opportunities in future, resulting in growth of global photocurable resins market. Asia Pacific is the dominant regional market in the global photocurable resins market, which accounted for more than half of the global demand. Owing to the high growth markets such as China, the region is expected to show further growth in future, thereby driving the demand in global photocurable resins market across the globe.

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Initially coating industry was the dominant application in global photocurable resins market, with the producers/ manufacturers consuming more than half of the total demand. Bourgeoning demand for high performance products complying with the strict emission standards is driving the demand for photocurable resin at a notable pace, which in turn is growing the photocurable resin market.

Photocurable Resins Market: Drivers & Restraints

The growing demand photocurable resins in coating industry across the globe is driving market growth of global photocurable resins market. Rising use of environmental friendly products is the major driving force for the global photocurable resin industry. The use of photocurable resin solution is also increasing in ink manufacturing, consistent with improvements in the industry and growth in application of UV curable ink in packaging printing is acting as a prominent driving factor for the global photocurable resins market. Rising use of photocurable resins in rapid prototyping is also a driving factor for global photocurable resins market.

The major restraint in the global photocurable resins market implies to be the cost/price per gallon. This factor is expected to impose a challenge to the global photocurable resin market.

Photocurable Resins Market: Segmentation

On the basis of end-user the global photocurable resins market is segmented as

Graphic Arts

Electronics

Industrial Coatings

Adhesives

Composites

Others (Wood Coating, Optical Finishing among others)

On the basis of types the global photocurable market is segmented as

Monomers

Multifunctional Acrylic Esters

Others

Oligomers

Epoxy

Urethane

Polyester Acrylates

Others

Photoinitiaters

Photocurable Resins Market: Region-wise Outlook

The global photocurable resin market is projected to register a constructive growth for the forecast period, 2016-2026. Asia-Pacific is estimated to sustain its control on the global photocurable resin market. The key nations in the region are projected to be China and India as an effect of increasing wealth and rising demand for coating resins. China is estimated to be the major opportunity in terms of revenue of the industry. North America and Europe are projected to follow Asia Pacific in global photocurable resin market. Rest of the world is also expected to register a favourable growth in global photocurable resin market.

Photocurable Resins Market: Key Players

Some of the key market participants in global photocurable resins market are Cytec, Sartomer, Eternal, BASF SE, Arkema, IGM Resins B.V among others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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The report covers exhaustive analysis on:

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional analysis includes

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)

Eastern Europe (Poland, Russia)

Asia Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.