Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 UV Curable Resins Market Worth $9.3B in 2029: MarketsandMarkets - Ink World Magazine

What are you searching for?

Sign in
Industry News, Market Research, Suppliers News

UV Curable Resins Market Worth $9.3B in 2029: MarketsandMarkets

Paper and packaging industry segment is expected to have largest share during forecast period.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

MarketsandMarkets’ report, “UV-Curable Resins Market by Composition (Oligomers, Monomers, Photoinitiators, Additives), Chemistry (Non-Acrylated Oligoamines, Acrylate Oligomers), Application, Technology, End-use Industry and Region – Global Forecast to 2029,” estimates the market is expected to reach $9.31 billion in 2029 from $6.48 billion in 2024, at a CAGR of 7.5% from 2024 to 2029.

The demand for UV-curable resins is driven by growing investments, rising advancement in technologies, growing applications, and increasing focus on sustainability. UV-curable resins have been increasingly adopted in various end-use industries due to growing focus on minimizing volatile organic compounds.

UV-curable inks are gaining popularity for wide format printers. These inks are specially formulated, and once printed onto a substrate, they are dried on the surface with intense UV light. Instead of heat, UV light dries the ink, which only takes a split second.

UV-curable inks are particularly useful for printing onto various substrates with reduced drying times and high-quality finishes. It is used for creating labels or packaging items, for creating signage and digital graphics on a typical and unusual substrate, and to print high-quality digital images onto a variety of personalized items such as glass bottles, phone cases, golf balls, and keyrings.

The demand for UV-curable inks is due to their instant curing, high print quality, stability, adhesion, scratch resistance, light fastness, color density, and no VOCs. Ongoing R&D for new formulations along with customized solutions opens up more further opportunities for producers as they can focus on catering to various niche markets.

The paper and packaging industry segment is expected to have largest share during forecast period. The paper and packaging industry dominated the market in terms of value. UV-curable resins are becoming widely utilized for various applications including coatings, printing inks, adhesives and sealants. In 2023, Asia Pacific accounted for the largest share in the global UV-curable resins market, in terms of value. 

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters