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Wahid Tamboli | 11.12.2018

Waterborne UV Curable Resins Market is Growing Faster than Expected

Waterborne UV Curable Resins Market expected to reach USD 230.3 Million by 2020, at a CAGR of 13.52%, over 2015–2020

The report [126 Pages Report] "Waterborne UV Curable Resins Market by Chemistry (Urethane Acrylate and Blend), by Application (Wood, Graphics, Opto & Electronics, Foil & Inks, and Plastics), and by Region - Global Forecasts to 2020", is projected to reach USD 230.3 Million by 2020, growing at a CAGR of 13.52% from 2015 to 2020. Environmentally friendly and healthier systems necessitated by stringent new government regulations, the need to reduce system costs, and the rising need for enhancing the performance, durability, and ease of use of products are the key factors contributing to the growth of the waterborne UV curable resins market.

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Premium Insights of the report:

  • Attractive Opportunities in the Waterborne UV Curable Resins Market

  • Market: By Chemistry

  • Market in Europe

  • Market Share, By Region

  • Market: Developed vs Developing Nations

  • Market Attractiveness, By Application (2020)

  • Life Cycle Analysis, By Region

Dispersions of urethane acrylates (UV-PUDs), often combined with physical drying acrylic dispersions, are being widely used in the European furniture coatings industry and are also finding growing acceptance in the North American market.

Wood coating applications are estimated to witness the best demand growth prospects for waterborne UV curable resins. Waterborne UV wood coatings are estimated to account for approximately 10% of the radiation curable wood coatings market. Their key application areas are furniture coatings and hydro primers for industrial parquet. Given their low viscosity, waterborne UV wood coatings enable effective penetration of the wooden pores and provide excellent adhesion. They allow so called open-porous structures. They are fashionable in wood coatings, as they make a coated wooden surface look as natural as possible.

Europe is the largest market for waterborne UV curable resins, followed by North America and Asia-Pacific. The market in Western Europe is estimated to record high growth, due to stringent regulations for waterborne UV curable resins.

The key players in the global market include Allnex Belgium S/A (Belgium), Alberdingk Boley GmbH (Germany), Royal DSM N.V. (The Netherlands), BASF SE (Germany), Covestro (Formerly Bayer MaterialScience) (Germany), Nippon Gohsei (Japan), Wanhua Chemical Group Co. (China), and Miwon Specialty Chemical Co. Ltd. (Korea).

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