| Product Code: ETC4504651 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The UV Curable Resins and Formulated Products market in Vietnam are experiencing a robust uptrend, mainly attributed to the increasing adoption of environmentally friendly and energy-efficient coating technologies. UV-curable formulations find applications in diverse industries, including printing, electronics, and automotive, owing to their quick curing times and low volatile organic compound (VOC) emissions. This market`s growth is indicative of the country`s commitment to sustainable manufacturing practices and innovation in coatings and adhesives.
The Vietnam UV Curable Resins and Formulated Products Market are witnessing robust growth, driven by several key factors. UV-curable resins and formulated products are gaining prominence due to their eco-friendly nature and fast curing times, making them attractive for various industries. The printing and packaging industry is a significant driver, with UV-curable inks and coatings being preferred for their high-quality printing, reduced solvent emissions, and quick drying capabilities. In addition, the electronics industry relies on UV-curable materials for adhesives, coatings, and encapsulants, benefiting from their precise application and rapid curing. Furthermore, the healthcare sector is increasingly using UV-curable resins for medical device manufacturing, as they offer biocompatibility and sterilization advantages. The market`s growth is primarily attributed to the adoption of UV-curable technologies across multiple sectors.
The UV Curable Resins and Formulated Products market in Vietnam encounters challenges associated with market education, curing equipment costs, and formulation complexities. End-users may lack awareness of the benefits and applications of UV curable resins, hindering market growth. The initial investment in UV curing equipment is relatively high, posing a barrier to entry for some businesses. Formulating UV curable resins for specific applications requires technical expertise, and the market faces challenges in addressing the diverse needs of different industries.
The UV Curable Resins and Formulated Products market in Vietnam experienced the impact of the COVID-19 pandemic, with disruptions in manufacturing and supply chains. The closure of non-essential businesses and restrictions on industrial activities led to a decline in the demand for UV curable resins and formulated products. As industries such as printing, electronics, and automotive rebound, the market is expected to recover, driven by the growing preference for environmentally friendly and energy-efficient coating and adhesive solutions.
In the dynamic landscape of Vietnam`s UV curable resins and formulated products market, several key players have established their prominence. Leading the forefront is Toyo Ink Group, recognized for its innovative UV curable resins catering to diverse industrial applications. Additionally, BASF SE has been a significant player, leveraging its global expertise to contribute to Vietnam`s market. Allnex Group is another noteworthy name, known for its comprehensive range of UV curable resins and formulations. These players, among others, play a pivotal role in shaping the competitive scenario and technological advancements in the UV curable resins sector in Vietnam.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam UV Curable Resins And Formulated Products Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam UV Curable Resins And Formulated Products Market - Industry Life Cycle |
3.4 Vietnam UV Curable Resins And Formulated Products Market - Porter's Five Forces |
3.5 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume Share, By Composition, 2021 & 2031F |
3.6 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.7 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam UV Curable Resins And Formulated Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for eco-friendly and energy-efficient products |
4.2.2 Increasing adoption of UV curable resins in various industries such as electronics, automotive, and packaging |
4.2.3 Technological advancements leading to improved performance and cost-effectiveness |
4.3 Market Restraints |
4.3.1 Lack of awareness and technical expertise among end-users |
4.3.2 High initial investment costs associated with UV curable resins and formulated products |
4.3.3 Concerns regarding the safety and health implications of UV curing technology |
5 Vietnam UV Curable Resins And Formulated Products Market Trends |
6 Vietnam UV Curable Resins And Formulated Products Market, By Types |
6.1 Vietnam UV Curable Resins And Formulated Products Market, By Composition |
6.1.1 Overview and Analysis |
6.1.2 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Composition, 2021-2031F |
6.1.3 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Oligomers, 2021-2031F |
6.1.4 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Monomers, 2021-2031F |
6.1.5 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Photoinitiators, 2021-2031F |
6.1.6 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Additives, 2021-2031F |
6.2 Vietnam UV Curable Resins And Formulated Products Market, By Chemistry |
6.2.1 Overview and Analysis |
6.2.2 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Non-acrylated Oligoamines, 2021-2031F |
6.2.3 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Acrylate Oligomers, 2021-2031F |
6.3 Vietnam UV Curable Resins And Formulated Products Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Solventborne UV resins, 2021-2031F |
6.3.3 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By 100% Solid UV resins, 2021-2031F |
6.3.4 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Waterborne UV resins, 2021-2031F |
6.3.5 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Powder UV resins, 2021-2031F |
6.4 Vietnam UV Curable Resins And Formulated Products Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Coatings, 2021-2031F |
6.4.3 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Overprint Varnishes, 2021-2031F |
6.4.4 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.4.5 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Adhesives, 2021-2031F |
6.4.6 Vietnam UV Curable Resins And Formulated Products Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam UV Curable Resins And Formulated Products Market Import-Export Trade Statistics |
7.1 Vietnam UV Curable Resins And Formulated Products Market Export to Major Countries |
7.2 Vietnam UV Curable Resins And Formulated Products Market Imports from Major Countries |
8 Vietnam UV Curable Resins And Formulated Products Market Key Performance Indicators |
8.1 Energy consumption reduction achieved through the use of UV curable resins |
8.2 Percentage increase in market penetration of UV curable resins in key industries |
8.3 Number of new product innovations or formulations developed using UV curable resins |
8.4 Percentage growth in the number of skilled professionals trained in UV curing technology |
8.5 Rate of adoption of UV curable resins as a replacement for traditional solvent-based products |
9 Vietnam UV Curable Resins And Formulated Products Market - Opportunity Assessment |
9.1 Vietnam UV Curable Resins And Formulated Products Market Opportunity Assessment, By Composition, 2021 & 2031F |
9.2 Vietnam UV Curable Resins And Formulated Products Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
9.3 Vietnam UV Curable Resins And Formulated Products Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 Vietnam UV Curable Resins And Formulated Products Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam UV Curable Resins And Formulated Products Market - Competitive Landscape |
10.1 Vietnam UV Curable Resins And Formulated Products Market Revenue Share, By Companies, 2024 |
10.2 Vietnam UV Curable Resins And Formulated Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |