Market Size of UV Curable Resin Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.05 Billion |
| Market Size (2029) | USD 7.00 Billion |
| CAGR (2024 - 2029) | 6.76 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UV Curable Resin Market Analysis
The UV Curable Resin Market size is estimated at USD 5.05 billion in 2024, and is expected to reach USD 7 billion by 2029, growing at a CAGR of 6.76% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. It was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Major factors driving the market studied are increased usage of environment-friendly industrial coatings and rising demand for UV-curable resins in packaging applications.
- High initial capital costs are restraining market growth.
- Increasing applications in 3D printing, digital printing, and printed circuits offer various lucrative opportunities for market growth.
- Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.
