International. The consulting company MarketsandMarkets has published a new report on the global market for UV-curable resins, which predicts that this segment will grow 697.2 kilotons in 2018.
Asia-Pacific is the world's largest and fastest-growing market for UV-curable resins, consuming more than half of total global demand. The region is also a large consumer of curable radiation/energy products. China and Japan are the main consumers.
Coating manufacturing is the largest and fastest growing segment of UV-curable resin applications, consuming more than 65% of total global demand in 2012. Due to the green nature of UV curing coatings and their reduced curing time, they are seen as very attractive alternatives by various end-user industries. Field-applied coatings and metal coating applications (coil, automotive, etc.) are expected to be the key growth areas for UV-curable coatings in the near future.
The market for UV curing inks is also growing considerably due to the strict standards related to printing in food packaging. Industrial coatings are the largest end-user industry of UV-curable resins, consuming more than 35% of total global demand in 2012. The industrial coatings industry is dominant worldwide unlike electronics, which is only dominant in Asia-Pacific.
Leave your comment