Ultraviolet Curable Resins Market Trends, Leading Players and Future Scope

The need for environment-friendly products is growing all across the globe, and there is no reason why the industrial sector should be left behind. The industrial sector is characterized by the use of harmful chemicals, which makes it among the major culprits behind the rising air and water pollution levels. However, now the industries are also turning toward environment-friendly ways and focusing toward reducing their carbon footprint. Coatings, inks, and adhesives are utilized extensively in different industries, but these products contain hydrocarbon solvents and release hydrocarbons into the atmosphere upon being cured. Hydrocarbons contain volatile organic compounds (VOC) that are carcinogenic and cause health problems.

Ascribed to the increasing requirement for these resins from the electronics sector, adoption of strict VOC emission norms, and rising consumer awareness and environmental concerns, the in Asia-Pacific region is the largest UV-curable resins market. The construction industry in countries including Indonesia, China, and India is registering significant growth. Moreover, China is the largest automobile manufacturer in the world, and the large-scale production of automobiles is predicted to result in a rising utilization of coating materials that make wide usage of UV-curable resins.

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