UV CURABLE RESINS AND FORMULATED PRODUCTS MARKET ANALYSIS

Market Challenges And Opportunities

Low cost equipment associated with the manufacturing of UV curing resins along with technological development have helped drive growth of the market for UV curable resins and formulated products. Increasing demand for odor-free, safe, sustainable, and green materials has increased the demand for UV curing resins thus, boosting market growth. These resins offer benefits such as high productivity, cost effectiveness, durability, and low maintenance, which in turn, drives growth of the market for UV curable resins and formulated products. However, fluctuation in costs associated with its raw materials, high costs associated with R&D activities and initial investments of manufacturers pose as major restraints for growth of the market. Moreover, high conventional heat or infrared radiation involved in the UV curing process causes major complications in these products.