UV-curable resins are an environmentally acceptable substitute for conventional solvent-based paints and adhesives because they are a kind of material that hardens or cures when exposed to ultraviolet (UV) radiation. These resins are made up of monomers and oligomers that quickly change from a liquid to a solid state through a photochemical reaction when exposed to UV light. Faster manufacturing cycles, lower energy consumption, and the lack of solvents make this curing process more environmentally benign, among other advantages. 

Drivers: UV-curable resins are becoming increasingly popular across various industries due to their rapid polymerization process, which transforms them from liquid to solid in seconds or milliseconds when exposed to UV light. These resins are widely used in coatings, overprint varnish, packaging, adhesives, and 3D printing applications. Strict Environmental Protection Agency (EPA) guidelines are followed to manage waste materials generated during these processes. Regulatory bodies also focus on workplace safety by limiting exposure to harmful chemicals. UV-curable resins typically contain fewer hazardous components compared to traditional alternatives, providing a safer option for manufacturers and workers, ensuring a healthier work environment.

Challenges: Grain raising is a significant problem with aqueous UV coatings; as a result of moisture, humidity, and severe sanding, wood swells and develops uneven surfaces. It is recommended that oil-based paints or premium primers be used to avoid corrosion and coating failure. UV-curable resins also have restricted substrate compatibility, particularly when it comes to materials that are UV light-sensitive or contain additives that block light. Frequently, pre-treatments like priming or sanding are necessary, which complicates and raises the expense of the UV-curing procedure.

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.

By Product: Based on the Product, Global UV-Curable Resins Market is segmented as; Monomers, Oligomers, Photo initiators, Others.

By Application: Based on the Application, Global UV-Curable Resins Market is segmented as; Wood Coatings, Graphics Art, Industrial, Automotive, Others.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.