DUBLIN, March 9, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2vl692/waterborne_uv) has announced the addition of the "Waterborne UV Curable Resins Market - Global Forecasts to 2020" report to their offering.
The waterborne UV curable resins market, in terms of value, is projected to reach USD 230.3 Million by 2020, growing at a CAGR of over 13.52% from 2015 to 2020. The key drivers of the waterborne UV curable resins market are environmental concerns, growing awareness, and increasingly stringent regulations for VOC emissions.
Wood coating applications are estimated to witness the best demand growth prospects for waterborne UV curable resins. Waterborne UV wood coatings are estimated to account for approximately 10% of the radiation curable wood coatings market.
Their key application areas are furniture coatings and hydro primers for industrial parquet. Europe is the largest market for waterborne UV curable resins, followed by North America and Asia-Pacific. The market in Western Europe is estimated to record high growth, due to stringent regulations for waterborne UV curable resins.
Factors restraining market growth include the need to thermally dry sensitive substrates and high set up cost which remain a limiting factor in the proliferation of waterborne UV curable resins in wood applications. Moreover, the waterborne UV curable resins market is consolidated and competitive, with a number of small-to-medium scale players, especially in China.
The rising demand for environmentally friendly wood coatings, coupled with the high growth of the plastic coatings industry in developed countries, prompts companies to adopt this strategy. Market players are focusing on entering new markets by launching technologically advanced and innovative resins for different applications.
Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Waterborne UV Curable Resins Market, By Chemistry
8 Waterborne UV Curable Resins Market, By Application
9 Waterborne UV Curable Resins Market, By Region
10 Competitive Landscape
11 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/2vl692/waterborne_uv
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SOURCE Research and Markets
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