According to the research report titled ‘Global Radical UV-Curable Resin Market Size study, by Type (Epoxy Acrylate Resin, Urethane Acrylate Resin, Polyester Acrylic Resin, Others) by Application (Coatings, Inks, Adhesives, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global radical UV-curable resin market is expected to experience significant growth during 2020-2027.
 

Ultraviolet curing resins have various benefits such as low energy consumption, waste reduction, high productivity, less emissions, low temperature treatment, and minimal space requirement as compared to the conventional curing. Due to these advantages, they are used in wide range of industrial applications including coatings and adhesives, which is expected to drive global radical UV-curable resin industry during the forecast period.
 

Furthermore, surging industrial sector and high demand for eco-friendly products will also contribute to global radical UV-curable resin industry outlook. According to Statista, in 2014, the demand for paints and coatings in the US was accounted for 1169 million gallons, which raised to 1410 million gallons in 2019. The most significant demand surge was witnessed from the architectural sector with an increase of 184 million gallons.
 

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Favorable government norms in the regions such as Europe and North America which are focused on reducing air pollution and energy consumption is also poised to create growth prospects for market partakers.
 

However, restrictions in the photoinitiators have reduced the curing to inks, coatings, and adhesives which is likely to restrain the industry growth during 2020-2027. Despite that, technological advancements in the field are fueling the demand for the product. Also, enhancements like expanded photosensitive wavelength band and better photoinitiator solubility are deployed in photoinitiators to increase the performance, hence creating opportunities for global radical UV-curable resin industry growth during the forecast period.
 

From regional frame of reference, North America was the major contributor for global radical UV-curable resin market revenues in the recent past, mainly due to favorable government norms and increasing adoption of technologically developed manufacturing processes in the region.
 

Meanwhile, Asia Pacific market is anticipated to witness highest growth rate over 2020-2027, owing to rise in construction, paints & coatings, and electronics & electrical industry in the region.
 

Major players operating in global radical UV-curable resin marketplace include BASF SE, Miwon Specialty Chemical Co. Ltd., DSM-AGI Corporation, Allnex, Qualipoly Chemical Corp., Eternal Chemical Co. Ltd., Nitto Denko Corporation, Dymax Corporation, Showa Denko K.K., and Hitachi Chemical Co. Ltd.