Global Curable Materials Market Overview:
Market Research Future published a Half-Cooked Research Report Global Curable Materials Market.
Global Curable Materials Market Information-by Type (Curable Rubber, Curable Polymers and others), by Application (Coating, Adhesive Bonding, Sealants, General Electronics, Printing, Industrial, Plastic Bonding, and others), by Region – Forecast till 2023. Curing process is particularly undertaken for rubber and polymer by cross linking polymer chains and are activated by ultraviolet radiation. Curable materials have found its applications in coating, adhesive bonding, sealants, general electronics, printing, industrial, plastic bonding, and others. Industrial and commercial coatings application is a prime market for these materials. Furthermore, plastic bonding applications set potential growth in near future owing to increasing application of these materials in plastic manufacturing.
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Key Players and Competitive Analysis:
Key players of the Global Curable Materials Market are Rockwell Automation, Inc. (U.S.), Rubber King Tyre Pvt. Ltd (India), Green Rubber Group (Malaysia), KEYLAND POLYMER MATERIAL SCIENCES (U.S.), Arnette Polymers LLC (U.S.), Dymax Corporation (U.S.), Shin-Nakamura Chemicals Co. Ltd (China) and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
The global curable Materials market is majorly segmented on the basis of type, application, and regions. Market segmentation based on type include rubber, polymer and others. Curable polymer is a prominent segment accounted for majority of global market shares closely followed by curable rubber. The polymers derived after the curing process exhibit high strength properties and are highly favored in bonding application on metal, glass, adhesive, and in industrial manufacturing. Consequently, there is a relatively higher demand for such polymers as compared to rubber. Most of these polymers are single component system that require no mixing and cure rapidly at room temperature upon exposure to a UV light source as compared to conventional polymers. Curable rubber, on the other hand, is an emerging segment and is likely grow in terms of global shares over the forecast period.
Furthermore, on the basis of application global market has been segmented into coating, adhesive bonding, sealants, general electronics, printing, industrial, plastic bonding, and others. Coatings application segment dominated the global market and is likely to continue its dominance throughout the forecast period. Curable polymers driving the coatings applications due infrastructural development across the globe. On the other hand, industrial manufacturing anticipated to grow significantly owing to increasing urbanization in the emerging economies. Moreover, curable materials are increasing being referred in the plastic manufacturing as curing provides relatively tougher end product. This particular segment represents potential growth in the years to come.
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Asia Pacific emerged as global leader in the market curable material market and accounted for 43% of global market shares as of 2016. By being a largest consumer, the region will be dominating global market over the forecast period as well. China, India, Japan, and South Korea are the key growth driving markets in this region driven by rapid urbanization and economic growth. China, particularly, represents huge automotive manufacturing base and driving significant demand for tires. This in turn has encouraged substantial regional demand for curable materials specifically, curable rubber over the past few years. By having several numbers of small scale curable material manufacturer, India represents dynamic growth in the forthcoming years.
Synopsis of Curable Materials Market:
Curing (UV) is a process during which a chemical reaction or physical action takes place, resulting in a harder, tougher, or more stable linkage of a materials such as an adhesive bond. When the additive are activated by ultraviolet radiation the process is called UV cure. The process is particularly undertaken for polymer material by cross linking of polymer chains. Curable material founds its diverse applications in bonding of metal, glass, adhesive and industrial manufacturing. Vulcanization is a prominent curing process specifically used for rubber materials.
Over the past few years curable material market was growing progressively driven by bonding applications. Due to high strength properties of end product curing materials are highly favorable in industrial manufacturing. Factor such as tire manufacturing wherein vulcanization process largely used, which is driving a demand for curable materials globally. Automotive industry has a massive demand for tires and is likely to grow significantly by driving curing material demand. Industrial and commercial coating applications also contributing equally in the global market. Moreover, curable materials are highly opted for bonding of metals, glass, plastic, adhesive and other industrial applications, which resulted into additional demand. On the other hand, driven by consumer and industrial demand, plastic manufacturing is growing significantly with yearly double digit moderate growth. This in turn has generated substantial demand for curable materials and it is expected to grow progressively over the forecast period. Although, the market growth is restrained by instability in the prices of raw material, which could be the key challenge for top producers in the years to come. The global curable material market is anticipated to have healthy growth prospects due to increasing application area of curable material. Additionally, increasing urbanization in emerging economies also expected to develop growth factors over the forecast period.
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