Global Waterborne UV Curable Resins Market is Projected to Reach USD 230.3 Million by 2020

Date: 2016-03-04

“The waterborne UV curable resins market is projected to grow at a CAGR of 13.52% during the forecast period” 
The waterborne UV curable resins market touched USD 122.2 million in 2015, and is projected to reach USD 230.3 million by 2020, growing at a CAGR of 13.52% from 2015 to 2020. The market is witnessing high growth on account of increasing applications, technological advancements, and growing demand of waterborne UV curable resins in the European and North American regions. Waterborne UV curable resins are largely used in wood coating applications. The rapid growth of the waterborne UV curable resins market can be attributed to environmental concerns and increasingly stringent regulations.

“Urethane acrylates to dominate the waterborne UV curable resins market”
Urethane acrylates are estimated to account for the largest share of the waterborne UV curable resins market. Waterborne urethane acrylates (polyurethane dispersions) are a viable resin choice for coatings for several end-use markets, including wood floors, kitchen cabinets, and furniture. They offer high-end performance with minimal process issues, and nearly zero volatile organic compounds (VOCs). 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 being increasingly accepted in the North American market.

“Europe: the largest market for waterborne UV curable resins”
Europe accounted for the largest share of the overall waterborne UV curable resins market in 2015. Factors such as the increase in the cost of solvents and energy, and the need to reduce VOC emissions to comply with stringent regulations are driving the European waterborne UV curable resins market.

Companies profiled in the report
 Allnex Belgium S/A (Belgium)
 Alberdingk Boley GmbH (Germany)
 Royal DSM NV (The Netherlands)
 BASF SE (Germany)
 Covestro (Formerly Bayer MaterialScience) (Germany)
 Nippon Gohsei (Japan)
 Wanhua Chemical Group Co. (China)
 Miwon Specialty Chemical Co. Ltd. (Korea)

Categories

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample