The Ultra Violet (UV) Curable Resins and Formulated Products are mediums that are polymerized and cured for a short duration by the energy radiated from UV irradiation devices. According to BlueQuark Research & Consulting, the Global UV Curable Resin and Formulated Products Market is expected to witness a significant growth rate during the forecasted period. Factors such as the increasing command and awareness about the safety and use of UV resins, the health regulations, and guidelines related to the use of UV-cured resins are predicted to drive the demand for the global UV Curable Resins and Formulated Products market in the forecasted period. Further, the worldwide increase of environmental concerns is one of the major factors augmenting the growth of the UV-curable resins-formulated product market in the forecasted period. Furthermore, incorporating an expanded photosensitive wavelength band and better photoinitiator solubility in conventional photoinitiators to increase its performances is expected to drive the demand for the Ultra Violet Curable Resins and Formulated Products market in the forecasted period. However, the high cost associated with the implementation and the need to dry sensitive substrates thermally is expected to obstruct the global market in the forecasted period.

Coatings applications make extensive use of UV-curable resins & formulated products. UV coatings in laptops, mobile phones, and game consoles have expanded dramatically in the electronics industry. The driving force behind this rise is the exceptional performance that UV coatings may accomplish, excellent outdoor durability, wear resistance, and resistance to household chemicals. Waterborne UV technology is expected to rise rapidly due to the rising demand for high-performance and durable electronic components and a global shift toward more eco-friendly coating technology. UV coatings dry faster than other coatings, and as a result, they are in high need across a wide range of sectors. UV-curable resins do not contain any organic solvents that destroy the environment. These resins consist of monomers, co-initiators, photo-polymerization, oligomers, and various additives such as antioxidants, pigments, stabilizers, and plasticizers. UV-curable resins are used in many printing ink, coating, and adhesive applications. In addition, UV-curable resins are the most favored option for applications with quick-curing and fast-drying requirements. The UV Curable Resins and Formulated Products comprise oligomers, monomers photo-polymerization initiators, spectral sensitizers, reducing agents that co-initiated, and various additive agents such as stabilizing agents, antioxidants, plastic agents, and pigments. The maximum use of commercial light cure resins is based on free radical curing acrylic compounds (acrylate). Free-radical curing compositions are the most adaptable curing systems concerning product properties and monomers and oligomers available on the market. Thus, significant growth in the end-use industries is driving the market development of UV curable resins & formulated products, thereby propelling the market growth.

Asia Pacific is the highest market for UV curable resins, both in terms of revenue and volume of the product, as in any other region across the globe. Japan, China, and India are countries possessing the most significant consumer demand for UV-curable resins and products. The increasing need for flexible packaging and fast industrialization in these countries has increased demand for UV-curable resins and formulated products. The rising use of UV-curable resins in 3D printing is a significant factor driving the market for these resins. 3D printing is rapidly gaining traction as a practical production technique with enormous possibilities. UV-curable inks are utilized in the 3D printing process in various industries. For example, these inks are widely employed in the electronics industry because of their wear resistance, robustness, and flexibility. 100% solids UV formulae improve corrosion resistance, coating thickness, edge retention, and performance while requiring less drying time. They can self-prime and have been used to line drum interiors in place of low-solid formulations. Aluminum extrusions, office furniture, appliances, commercial machinery, containers, and a variety of other OEM applications all use 100% solids UV formulations. High-solids two-component polyurethane coatings cure at lower temperatures than baking systems, lowering energy expenditure. 100% solids UV formulations are one-or-two-component coatings with higher concentrations of solid components such as binders, pigments, and additives than traditional solvent-borne formulations. They have a lower number of VOCs, and high-solids coatings work well. UV formulations that are 100 percent solids emit less VOC than typical formulations, making them more environmental-friendly. These formulae are long-lasting, cost-effective, and eco-friendly. As a result, they are most preferred in the end-use industries, thereby significantly contributing to its segment growth. Low-cost equipment associated with the manufacturing of UV-curing resins, along with technological development, has helped drive the market growth for UV-curable resins and formulated products. Increasing demand for safe, sustainable, odor-free, and green materials has increased the demand for UV-curing resins, thus, boosting the market growth. These resins provide high productivity, cost-effectiveness, durability, and low maintenance, which drive the market development for UV-curable resins and formulated products.

The market's key players are Allnex Group, Arkema SA, Showa Denko Materials Co., Ltd ., Wanhua Chemical Group Co., and Royal DSM.

In July 2021, PTTGC International (Netherlands) BV acquired Allnex Netherlands BV to strengthen its market place in coating resins.

In April 2021, Covestro AG accomplished the acquisition of Royal DSM's Resins and Functional Materials business to broaden its business in coating resins.

Global UV Curable Resins and Formulated Products Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by UV Curable Resins and Formulated Products segmenting based on the By Composition (Monomers, Oligomers), By Chemistry (Non-Acrylates and Oligomines, Acrylates), By Application ( Coating, 3D Printing, Overprint Varnishes, others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.