3 major trends to augment UV curable resins market share over 2020-2026

1
UV Curable Resins Market Analysis and Outlook by
Types and Application (2021-2026)
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Global Market Scenario of UV Curable Resins
Industry

• Such collaborations are touted to drive the
  demand for UV resins, augmenting revenue
  expansion over the forthcoming years. The global
  UV curable resins market size is anticipated to
  surpass USD 8.5 billion by 2026, cites the latest
  research by Global Market Insights, Inc.
• Few pivotal trends driving UV curable resins
  market growth include
• Escalating demand from paints coatings industry
  in LATAM
• The scaling paints coatings market in Latin
  America on account of the extensive demand from
  industrial and automotive sectors is set to push
  UV curable resins market share over the
  anticipated span. The regional industry size is
  projected to escalate by more than USD 340
  million through 2026.
• An increase in the infrastructural development
  initiatives by regulators in the region is likely
  to foster the growth of the building
  construction sector, boosting the demand for
  paints having UV curable resin ingredients.
  Citing an instance, in 2019, the Ministry of
  Infrastructure, Brazil, announced plans for the
  development of more than 50 infrastructure
  projects comprising highways, ports, and
  airports.

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• Rising adoption of UV curable resins based
  industrial coatings
• The UV curable resins based industrial coatings
  provide beneficial characteristics comprising
  waste reduction, resistance to loss of coating
  thickness, and improved productivity in lesser
  time. This has been instrumental in stimulating
  the adoption of coatings with UV curable resin
  composition at the global level.
• The segment is estimated to grow by more than 9
  per cent through 2026. The escalating demand for
  chemical resistant finishes, wood coatings, and
  low pollution coatings is likely to propel
  segment expansion over the assessment period.
• Surging popularity of UV curable additives resins
• The UV curable additives resins are prominently
  utilized in the electronics, plastics packing,
  as well as automotive industries. Their
  increasing popularity is ascribed to the presence
  of multiple properties comprising lubricity,
  superior reinforcing, non-stick properties, and
  wear resistance.

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360 Industry Analysis

• The UV curable additives resins market accounted
  for a valuation of USD 187.83 million in 2019 and
  is estimated to grow at a commendable rate of
  more than 8 per cent through 2026.
• In a nutshell, the escalating demand for wooden
  furniture from residential and commercial
  segments is set to augment UV curable resins
  market expansion, stimulating revenue growth over
  the ensuing years.
•  

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• Competitive Analysis
• BASF SE, Miwon Specialty Chemicals, ALLENEX, DSM
  N.V., Hitachi Chemical, Arkema, Eternal
  Materials, Jiangsu Litian Technology, IGM,
  Jiangsu Sanmu Group, Toagosei Co. Ltd., Soltech
  Limited are some of the key players operating in
  the UV Curable Resins market.

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