The Photocurable Resins Market 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.
New York, NY -- (SBWIRE) -- 03/08/2017 -- 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: 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.
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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.
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