UV-Cured Resins Market Ripe for Modest Growth as More Applications Emerge
The future outlook for ultraviolet (UV)-cured resins depends upon numerous factors, including government norms, usage patterns of UV-cured resins in different industry sectors, raw material price volatility, evolution of potential substitutes and supply chain optimization by vendors, according to a new report from BCC Research. Rising demand for industrial coatings and environmentally friendly coatings are reportedly expected to drive healthy market growth.
Ultraviolet light curing is anticipated to drive the evolution of photo-polymerization technology. UV-cured resins can transform from liquid to solid within a short period of time. Therefore, after UV curing, the resin becomes a potential substitute for currently used plastics.