ULTRAVIOLET (UV) CURABLE RESINS MARKET ANALYSIS

Market Challenges And Opportunities

• Increasing environmental concern & stringent government regulations regarding emission of volatile organic compound (VOC) have led resin manufacturers to focus on developing low volatile resins such as UV curable resins. The US Environmental Protection Agency (EPA), Ozone Transport Commission (OTC), California Air Resources Board (CARB), and South Coast Air Quality Management District (SCAQMD) have set restrictive limits on the Volatile Organic Compound (VOC) content in architectural and industrial maintenance coatings. According to EPA, limit for exterior coatings has been set as 250 grams of VOC per Liter. Such factors are fueling growth of global Ultraviolet (UV) curable resins market.
• However, technical limitation of UV curing technology such as oxygen inhibition and initial yellowing are some of the key challenges for market growth.