Expanding UV Cure Resin Market Projected to Advance at a 8.3% Compound Annual Growth Rate by 2034
Growth in the Global UV Curable Resin Market
The global market for UV curable resins is on an upward trajectory, projected to reach a staggering USD 11.3 billion by 2034, according to recent forecasts [1]. This growth, with an expected Compound Annual Growth Rate (CAGR) of 8.3% from 2025 to 2034, is driven by several key factors.
Stringent environmental regulations, particularly those aimed at reducing volatile organic compounds (VOCs), are pushing industries towards more eco-friendly solutions. The demand for fast-curing materials is also surging, as businesses seek to reduce processing time and energy costs. These trends are broadening the industrial applications of UV curable resins in coatings, adhesives, inks, and 3D printing [1].
The Asia Pacific (APAC) region is a significant player in this market, accounting for over 45.9% of the global market in 2024, with a valuation of approximately USD 2.3 billion [1]. China, in particular, is a major contributor, driven by its vast electronics and furniture industries.
Applications of UV Curable Resins
Coatings account for a large portion of the UV curable resin market, with over 42.6% in 2024 [1]. The appeal of UV coatings lies in their scratch and chemical resistance, as well as their rapid curing under UV light. These properties make them ideal for a variety of applications, including electronics, wood, automotive, and industrial uses.
Monomers, which captured over 48.9% of the market in 2024, serve as critical reactive diluents. They enable precise control over viscosity, cure speed, and mechanical properties [1]. Companies like Allnex have introduced innovative UV-curable oligomers, such as Ebecryl 222, for automotive and industrial coatings. This new product offers excellent adhesion and chemical resistance.
Innovations in the UV Curable Resin Market
Innovations in the UV curable resin market continue to drive growth. For instance, IGM Resins has launched Omnirad BL 403, a breakthrough photoinitiator for UV LED curing. This development enables faster curing in thick coatings, further reducing processing time and energy costs.
BASF has introduced Laromer LR 90017, a UV-curable resin for automotive refinish coatings with superior scratch resistance. Meanwhile, Arkema's Sartomer division has released CN9006, a high-efficiency UV-curable resin for 3D printing and electronics. This product improves toughness and flexibility, making it suitable for a wide range of applications.
Regional Developments
The APAC region is not the only region experiencing growth in the UV curable resin market. India, for example, is seeing significant growth, propelled by rising investments in infrastructure and automotive manufacturing. In Japan and South Korea, the adoption of UV-curable systems is boosted by advanced technological applications in precision electronics and high-quality packaging.
Alberdingk Boley has expanded its UV curable resin portfolio with eco-friendly, low-VOC formulations for coatings and adhesives, demonstrating the industry's commitment to sustainable solutions.
As the global UV curable resin market continues to evolve, it's clear that innovation, sustainability, and a focus on key applications will continue to drive growth.
[1] [Market Research Report] (https://www.marketsandmarkets.com/Market-Reports/uv-curable-resins-market-251821390.html)
This article is based on the provided bullet points and a market research report linked in the bullet points.
The expansion in the data-and-cloud-computing sector could lead to increased demand for UV curable resins in technology, considering their role in creating durable coatings for electronic devices. The growth in the finance sector, with its emphasis on speed and efficiency, may also create a market for fast-curing UV resins in the business of creating fast-drying banking cards and other financial products.
