UV curable resin, also known as UV curable resin, is an oligomer that can undergo physical and chemical changes in a short time after exposure to UV light, and can be quickly crosslinked and cured. UV curable resin is mainly composed of three parts: photoactive prepolymer, active diluent and photosensitizer, in which prepolymer is the core. The upstream of UV curing resin is acrylonitrile, ethylbenzene, acrylic acid, butanol, styrene, butyl acrylate, hydroxyethyl methacrylate, and the downstream is UV curing adhesive and UV curing coating.
According to the report on in-depth market research and investment prospect forecast and analysis of UV curing resin industry from 2020 to 2025 released by xinsijie Industrial Research Center, UV curing resins can be divided into solvent based and water-based UV curing resins according to the types of solvents. Among them, water-based UV curing resins have the advantages of safety and environmental protection, energy saving and efficiency, adjustable viscosity, thin coating and low cost, and are favored by the market, The demand has developed rapidly and become the main market segment of UV curing resin.
From the demand side, the rapid development of the packaging industry has driven the demand for UV curable resin market to continue to rise. In recent years, the global and domestic UV curable resin industry has maintained a growth trend. According to the current development forecast, by the end of 2020, the global market scale will be $4.23 billion, with an annual compound growth rate of 9.1%, of which the scale of cured coating products will reach $1.82 billion, accounting for 43%, and UV curable ink will be the second, The market scale reached USD 1.06 billion, accounting for 25.3%, and the compound annual growth rate was 10%. UV curing adhesive was the third. The market scale reached USD 470million, accounting for 12%, and the compound annual growth rate was 9.3%.
In terms of the global demand scale of UV curing resin, the UV curing resin industry is mainly growing in developing countries. Therefore, the demand and industrial value of the Asia Pacific region are ranked first. At present, the market share has reached about 46%; Followed by the North American and European markets. In terms of national consumption demand, the United States, China, Japan and South Korea are currently the largest consumers of UV curing resins. With the gradual slowdown of China’s economy, foreign enterprises of UV curing resin have gradually transferred to Southeast Asian countries. Therefore, the demand for UV curing resin in Malaysia, India, Thailand, Indonesia, Brazil and other countries has maintained rapid growth.
In terms of production, the main manufacturers of UV curing resin in the world are BASF of Germany, dsm-agi of Taiwan, Hitachi of Japan, Miwon of Korea, etc. due to their technological advantages, they currently occupy the high-end market.
New thinking industry analysts said that in recent years, driven by the demand side, the global and domestic demand for UV curing resin has continued to grow, and the industry has developed rapidly. However, with the slowdown of China’s economic development and the rise of labor costs, the production of UV curing resin is gradually developing to Southeast Asia. China’s UV curing resin products need to actively explore overseas markets.
Post time: Jun-15-2022