UV-Curable Resins Market Introduction and Overview
According to SPER Market Research, the Global UV-Curable Resins Market is estimated to reach USD 13.57 billion by 2034 with a CAGR of 10.78%.
The report includes an in-depth analysis of the Global UV-Curable Resins Market, including market size and trends, product mix, Applications, and supplier analysis. The growing emphasis on reducing volatile organic compound (VOC) emissions has driven the demand for ultraviolet (UV) curing technology, which provides an eco-friendly alternative to traditional thermal curing methods. UV-curable resins offer fast curing times and improved chemical resistance, fueling market expansion. Increasing disposable income is encouraging consumers to buy products that enhance both aesthetics and functionality, further boosting the demand for UV-curable coatings. These coatings are commonly used in plastic paints for household items and optical films made from materials like calcium fluoride, UV-fused silica, and sapphire. This leads to greater accessibility, affordability, and ease of fabrication compared to many other UV-transmitting materials. However, Challenges with waterborne UV coatings include grain raising from moisture, leading to uneven surfaces, and the need for proper sanding and humidity control. Additionally, limited substrate compatibility and the requirement for pre-treatments like chemical priming increase complexity and cost in the UV-curing process.
By Product: In 2024, The monomer segment is the leading player in the market, as monomers provide a wide range of functional properties for resin development, tailored to meet specific application needs. Ongoing research to incorporate new monomers into UV resins is improving product performance and broadening their appeal. Additionally, the lower production costs associated with monomers are driving growth in this segment. The photo initiator segment is expected to grow the fastest during the forecast period. Photo initiators enhance curing efficiency by enabling quicker curing, reducing energy consumption, and speeding up production.
By Application: The industrial segment led the market in 2024, driven by the use of UV-curable resins in applications like inks, coatings, sealants, and adhesives. The packaging industry benefits from UV-curable inks and coatings, enabling faster production. The demand for fuel-efficient, lightweight vehicles has also boosted UV-curable resins in 3D printing, coatings, and adhesives. The graphic arts segment is expected to grow significantly, as UV resins improve efficiency, quality, and environmental impact in inks, coatings, and adhesives.
By Regional Insights: The North American UV curable resins market led the industry in 2024, driven by growing environmental concerns pushing businesses to adopt UV-curable resins. In 2024, the U.S. UV curable resins market held a significant share. UV curing provides faster production cycles, immediate curing, and higher output, resulting in less material waste and improved profitability and efficiency. Europe emerged as a promising market for UV curable resins in 2024, fueled by increasing environmental awareness. The demand for eco-friendly products, particularly UV-curable wood coatings with biodegradable features, is driving market growth.
Market Competitive Landscape:
The market is moderately consolidated. Some of the market key players are Arkema Group, Astorg (IGM Resins), BASF SE, Covestro AG, DSM, Geminor, Jiangsu Litian Technology Co., Ltd., Mitsubishi Chemical Europe GmbH (Nippon-Gohsei), Resonac Holdings Corporation, SOLTECH LTD, and TOAGOSEI CO., LTD.
Recent Developments:
- Panacol introduced UV-curable black epoxy resin adhesives in March 2024. There is no requirement for a secondary curing mechanism because they can be cured in thick layers utilizing UV light.
- Sartomer specialty UV/LED curing resins were first produced by Arkema in October 2023. Production at its enlarged site in China has started. In the Asian market, this is anticipated to encourage the development of sustainable solutions for applications like electronics.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Grade, By Carrier Production Process, By Application. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Arkema Group, Astorg (IGM Resins), BASF SE, Covestro AG, DSM, Geminor, Jiangsu Litian Technology Co., Ltd., Mitsubishi Chemical Europe GmbH (Nippon-Gohsei), Resonac Holdings Corporation, SOLTECH LTD, and TOAGOSEI CO., LTD. and others. |
Key Topics Covered in the Report:
- Global UV-Curable Resins Market Size (FY’2021-FY’2034)
- Overview of Global UV-Curable Resins Market
- Segmentation of Global UV-Curable Resins Market By Product (Monomers, Oligomers, Photo initiators, Others)
- Segmentation of Global UV-Curable Resins Market By Application (Wood Coatings, Graphics Art, Industrial, Automotive, Others)
- Statistical Snap of Global UV-Curable Resins Market
- Expansion Analysis of Global UV-Curable Resins Market
- Problems and Obstacles in Global UV-Curable Resins Market
- Competitive Landscape in the Global UV-Curable Resins Market
- Details on Current Investment in Global UV-Curable Resins Market
- Competitive Analysis of Global UV-Curable Resins Market
- Prominent Players in the Global UV-Curable Resins Market
- SWOT Analysis of Global UV-Curable Resins Market
- Global UV-Curable Resins Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global UV-Curable Resins Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global UV-Curable Resins Market
7. Global UV-Curable Resins Market, By Product, (USD Million) 2021-2034
7.1. Monomers
7.2. Oligomers
7.3. Photo initiators
7.4. Others
8. Global UV-Curable Resins Market, By Application, (USD Million) 2021-2034
8.1. Wood Coatings
8.2. Graphics Art
8.3. Industrial
8.4. Automotive
8.5. Others
9. Global UV-Curable Resins Market, (USD Million) 2021-2034
9.1. Global UV-Curable Resins Market Size and Market Share
10. Global UV-Curable Resins Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. Arkema Group
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Astorg (IGM Resins)
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. BASF SE
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Covestro AG
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. DSM
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Geminor
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Jiangsu Litian Technology Co., Ltd.
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Mitsubishi Chemical Europe GmbH (Nippon-Gohsei)
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Resonac Holdings Corporation
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. SOLTECH LTD
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. TOAGOSEI CO., LTD.
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links