Curable Material Market — Overview
Curable also widely known as Curing Materials are basically chemical additives used in product engineering to induce the curing process (drying) for materials to get dry faster to toughen/harden offering excellent protection or bonding. Commonly used in the curing of Rubber or Polymers primarily for the protective coating and sealing of glass/ceramics, metal, plastic, and electronics. Advancement of technology brought about a phenomenal innovation offering UV (Ultraviolet) curable material. Using high-intensity ultraviolet light, UV Curing Materials bring about instant (fast) curing of adhesives, ink, coating, etc. Offering a range of advantages these materials (UV) have proven to be far more effective to increase production rate & range with improved quality and convenience saving time, energy, and the environment.
Owing to its efficacy Curable Materials are enjoying an augmented demand across industries getting rapidly commercialized. And its market is garnering prominence all over the world.
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Recognizing the kind of accruals the market is gaining currency and the growth prospects the market is demonstrating worldwide, Market Research Future has recently published a study report giving out the complete market insight up to 2023. This study report indicates that the global Curable Material Market will grow enormously by 2023 registering a phenomenal CAGR of during 2022–2030.
Evidently, the massive uptake of Curing Materials in some of the burgeoning industries like automotive, sportswear, electronics, telecommunications, etc. propels its market growth globally. Industrial and commercial coating applications also contribute equally to the global market. Other growth drivers of the market include growing urbanization, industrialization, and a rising economy that allows consumer affordability of buying, etc.
Conversely, volatility in prices and supply of raw materials is likely to present challenges for the producers in the years to come. However, technological advancements would offer comprehensive solutions to tackle these issues.
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Curable Material Market — Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of Curable Materials appears to be highly competitive. Well-established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage in this market and to maintain their market position. Some of the other strategies adopted by vendors in the market include greater commercialization of their products, promotion initiatives through trade exhibitions, increased collaboration.
Industry/ Innovation/ Related News:
January 08, 2018 — Carbon, one of the prominent digital 3D manufacturing companies, announced a global, multi-year partnership with Incase (a creator of design-driven solutions) to transform the future of device protection with a revolutionary approach for mobile device protection design, engineering, manufacturing & deliverance.
Partnering with Carbon, Incase will utilize the widest range of programmable properties in additive manufacturing to create custom materials built for durability and impact absorption. This allows Incase and Carbon design teams to take an entirely different approach to innovate protection by designing unique, complex structures built from the ground up using UV-curable polyurethane resin.
January 24, 2018 — BASF announced the price hike for one of its products — UV Resins in the EMEA region. The increase equates to 3–10 percent, depending on the product type. BASF said the price adjustments are necessary due to the continued increase in raw material, as well as REACH registration costs. UV resins are used to manufacture UV-curable coatings for wood, plastic substrates, metal, overprint varnishes and UV-curable inks.
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Worldwide Curable Material Market — Segment
The global Curable Material Market can be segmented into 3 key dynamics for the convenience of the report and enhanced understanding;
By Type: Comprising Curable Rubber, Curable Polymers, and others.
By Application: Coating, Adhesive Bonding, Sealants, General Electronics, Printing, Industrial, Plastic Bonding, and others
By Regions: North America, Europe, APAC, and the Rest of the World.
Worldwide Curable Material Market -Regional Analysis
The global Curable Materials market is dominated by the Asia Pacific region followed by Europe and North America. The region is projected to retain its dominance over the forecast period. Increasing foreign investment in the area of industrial manufacturing is anticipated to drive the Asia Pacific market.
Europe is the second-largest market for curable materials driven by key markets Germany, Italy, Spain, the UK, and the Netherlands. Polymer industries in this region is growing significantly thereby driving regional demand.
While North America is relatively a smaller market for curable material and has witnessed sluggish growth over the past few years. Regulatory compliances on the production of plastic has restrained the growth of this region up to some extent.
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