Report Code : CVMI2501257 | Published Date : March 3, 2025
1 | Market Overview
Photocurable resin coatings are advanced polymer-based formulations that solidify upon exposure to ultraviolet (UV), electron beam (EB), or visible light sources. These coatings find widespread application in electronics, automotive, packaging, optical devices, and industrial printing sectors due to their rapid curing, solvent-free nature, and energy-efficient processing.
Photocurable coatings provide superior adhesion, chemical resistance, mechanical durability, and gloss control. As the demand for low-VOC (volatile organic compound) and environmentally friendly coatings increases, these systems are becoming more popular in 3D printing, electronics encapsulation, flooring, and precision optical components.
2 | Market Size and Forecast
Year |
Market Value (USD Million) |
Notes |
2019 |
1,280 |
Base demand from electronics & printing |
2024 |
1,765 |
CAGR 6.7% (2019–2024) |
2031 |
3,360 |
Projected CAGR 9.9% (2024–2031) |
3 | Primary Market Drivers
- Rising use in electronics assembly and encapsulation
- Expansion of 3D printing across medical and industrial sectors
- Regulatory push toward solvent-free, fast-curing coating systems
- Growth in digital printing and UV-curable packaging inks
- Demand for high-performance coatings in automotive & aerospace
4 | Market Challenges
- High formulation and raw material costs (e.g., oligomers, monomers)
- Cure inhibition in oxygen-rich environments
- Limited penetration into conventional solvent-based coating segments
- Technical complexity in light source compatibility and depth of cure
5 | Competitive Landscape
Company |
Est. 2024 Share |
Competitive Strengths |
Recent Move |
Allnex |
19% |
UV/EB oligomer innovation leadership |
Introduced acrylate-free formulations for electronics coatings |
Dymax |
17% |
Electronics and medical-grade adhesives & coatings |
Expanded light-curable encapsulant line for microdevices |
Covestro |
14% |
Strong in optical and industrial UV resins |
Launched waterborne UV-curable resins for packaging |
Sartomer (Arkema) |
13% |
Oligomer and monomer expertise |
Developed fast-curing urethane acrylates for 3D printing |
Others |
37% |
Local formulators and contract manufacturers |
Focus on flooring, automotive repair, and rigid plastics |
6 | Market Segmentation
By Resin Type
- Epoxy Acrylates
- Urethane Acrylates
- Polyester Acrylates
- Polyether Acrylates
- Free-radical and Cationic Systems
By Application
- Electronics & Encapsulation – 26%
- Automotive & Aerospace Coatings – XX%
- Printing & Packaging Inks – XX%
- Optical & Lens Coatings – XX%
- 3D Printing – XX%
- Others – XX%
7 | Regional Analysis
- Asia-Pacific (44%) – Dominant in electronics, display manufacturing, and 3D printing
- North America (XX%) – Growth in 3D printing, aerospace, and medical devices
- Europe (XX%) – Demand from green packaging and auto coatings
- Latin America (XX%) – Market expansion in flexible packaging and adhesives
- Middle East & Africa (XX%) – Emerging demand in automotive refurbishing and flooring
8 | Technology and Innovation
- Oxygen-tolerant resin systems for ambient light curing
- Dual-cure coatings activated by heat and UV
- Ultra-low shrinkage resins for optical precision
- LED-optimized coatings for low-energy curing
- Antibacterial and antifouling photocurable coatings
9 | Regulatory Environment
Compliant with REACH, RoHS, FDA (for medical and food packaging), and ISO 10993 (biocompatibility). Environmental certifications, such as Green Seal and UL GREENGUARD, support adoption in green building and consumer electronics.
10 | Recent Developments (Q4 2023 – Q2 2025)
- Q4 2023 – Allnex launched UV-curable hardcoat for foldable displays
- Q1 2024 – Sartomer introduced bio-based acrylates for sustainable 3D printing
- Q4 2024 – Dymax unveiled light-curable coatings for microfluidic chips
- Q2 2025 – Covestro released low-migration UV resins for food contact materials
11 | Strategic Outlook
Future growth focuses on smart coatings for printed electronics, personalized 3D-printed prosthetics, and flexible optical devices. Success will depend on integrating resin innovation with photonic hardware platforms, rapid-curing mechanisms, and sustainability goals.
12 | Methodology
Forecasts based on industry-wide resin capacity mapping, downstream segment analysis, and 100+ interviews with formulators, OEMs, and research labs. Adjustments made for light-source transition trends and sustainability regulations.
Reasons To Buy

Scope

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Key Players
- BASF SE
- Arkema Group
- Covestro AG
- DSM N.V. (Royal DSM)
- Dymax Corporation
- Allnex Group
- Eternal Materials Co., Ltd.
- Hitachi Chemical Co., Ltd.
- IGM Resins B.V.
- Jiangsu Sanmu Group Corporation
- Sartomer (Arkema Group brand)
- Mitsubishi Chemical Corporation
- Toagosei Co., Ltd.
- Evonik Industries AG
- Solvay S.A.
Photocurable Resin Coatings Market Report
- 1. Photocurable Resin Coatings Market Research Report
- 1.1 Study Objectives
- 1.2 Photocurable Resin Coatings Market - Overview
- 1.3 Reason to Read This Report
- 1.4 Methodology and Forecast Analysis
- 2. Photocurable Resin Coatings Market Research Report - Preface
- 2.1 Photocurable Resin Coatings Market Research Report – Detailed Scope and Definitions
- 2.1.1 By Resin Type
- 2.1.2 By Application
- 2.1.3 By Region
- 2.1 Photocurable Resin Coatings Market Research Report – Detailed Scope and Definitions
- 3. Photocurable Resin Coatings Market Dynamics
- 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
- 3.2. Restraints – By Resin Type, By Application, By Country
- 3.3. Opportunities – By Resin Type, By Application, By Country
- 3.4. Trends – By Resin Type, By Application, By Country
- 3.5. PEST Analysis
- 3.6. Porters Five Rule Analysis
- 3.7. Company’s Share Analysis (CSA) by Region or By Country
- 3.8. Photocurable Resin Coatings Market Research Report – DROTs Impact Analysis
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- 4. Photocurable Resin Coatings Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
- 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
- 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
- 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5. Photocurable Resin Coatings Market, By Resin Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 5.1 Epoxy Acrylates
- 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.2 Urethane Acrylates
- 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.3 Polyester Acrylates
- 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.4 Polyether Acrylates
- 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 5.5 Free-radical and Cationic Systems
- 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.1 Electronics & Encapsulation
- 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.2 Automotive & Aerospace Coatings
- 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.3 Printing & Packaging Inks
- 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.4 Optical & Lens Coatings
- 6.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.5 3D Printing
- 6.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 6.6 Others
- 6.6.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 6.6.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 6.6.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 6.6.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7. Photocurable Resin Coatings Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
- 7.1 North America
- 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
- 7.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
- 7.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
- 7.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
- 7.1 North America
- 8. North America Photocurable Resin Coatings Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
- 8.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 8.1.1 Epoxy Acrylates
- 8.1.2 Urethane Acrylates
- 8.1.3 Polyester Acrylates
- 8.1.4 Polyether Acrylates
- 8.1.5 Free-radical and Cationic Systems
- 8.2.1 Electronics & Encapsulation
- 8.2.2 Automotive & Aerospace Coatings
- 8.2.3 Printing & Packaging Inks
- 8.2.4 Optical & Lens Coatings
- 8.2.5 3D Printing
- 8.2.6 Others
- 8.3.1 United States
- 8.3.2 Canada
- 8.4 North America Photocurable Resin Coatings Market – Opportunity Analysis Index, By Resin Type, By Application, and Country, 2024 - 2031
- 8.5 Regional Trends Analysis
- 8.6 North America Photocurable Resin Coatings Market Research Report - Company Profiles
- 8.6.1 Company 1 (United States)
- 8.6.2 Company 2 (Canada)
- 8.6.3 Company 3 (Canada)
- 9.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 9.1.1 Epoxy Acrylates
- 9.1.2 Urethane Acrylates
- 9.1.3 Polyester Acrylates
- 9.1.4 Polyether Acrylates
- 9.1.5 Free-radical and Cationic Systems
- 9.2.1 Electronics & Encapsulation
- 9.2.2 Automotive & Aerospace Coatings
- 9.2.3 Printing & Packaging Inks
- 9.2.4 Optical & Lens Coatings
- 9.2.5 3D Printing
- 9.2.6 Others
- 9.3.1 Germany
- 9.3.2 United Kingdom
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.4 Europe Photocurable Resin Coatings Market – Opportunity Analysis Index, By Resin Type, By Application, and Country, 2024 - 2031
- 9.5 Regional Trends Analysis
- 9.6 Europe Photocurable Resin Coatings Market Research Report - Company Profiles
- 9.6.1 Company 1 (Germany)
- 9.6.2 Company 2 (United Kingdom)
- 9.6.3 Company 3 (United Kingdom)
- 10.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 10.1.1 Epoxy Acrylates
- 10.1.2 Urethane Acrylates
- 10.1.3 Polyester Acrylates
- 10.1.4 Polyether Acrylates
- 10.1.5 Free-radical and Cationic Systems
- 10.2.1 Electronics & Encapsulation
- 10.2.2 Automotive & Aerospace Coatings
- 10.2.3 Printing & Packaging Inks
- 10.2.4 Optical & Lens Coatings
- 10.2.5 3D Printing
- 10.2.6 Others
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Australia & New Zealand
- 10.3.6 ASEAN
- 10.4 Asia-Pacific Photocurable Resin Coatings Market – Opportunity Analysis Index, By Resin Type, By Application, and Country, 2024 - 2031
- 10.5 Regional Trends Analysis
- 10.6 Asia-Pacific Photocurable Resin Coatings Market Research Report - Company Profiles
- 10.6.1 Company 1 (China)
- 10.6.2 Company 2 (Japan)
- 10.6.3 Company 3 (Japan)
- 11.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 11.1.1 Epoxy Acrylates
- 11.1.2 Urethane Acrylates
- 11.1.3 Polyester Acrylates
- 11.1.4 Polyether Acrylates
- 11.1.5 Free-radical and Cationic Systems
- 11.2.1 Electronics & Encapsulation
- 11.2.2 Automotive & Aerospace Coatings
- 11.2.3 Printing & Packaging Inks
- 11.2.4 Optical & Lens Coatings
- 11.2.5 3D Printing
- 11.2.6 Others
- 11.3.1 Brazil
- 11.3.2 Mexico
- 11.3.3 Argentina
- 11.3.4 Peru
- 11.3.5 Colombia
- 11.3.6 Rest of Latin America
- 11.4 Latin America Photocurable Resin Coatings Market – Opportunity Analysis Index, By Resin Type, By Application, and Country, 2024 - 2031
- 11.5 Regional Trends Analysis
- 11.6 Latin America Photocurable Resin Coatings Market Research Report - Company Profiles
- 11.6.1 Company 1 (Brazil)
- 11.6.2 Company 2 (Mexico)
- 11.6.3 Company 3 (Mexico)
- 12.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 12.1.1 Epoxy Acrylates
- 12.1.2 Urethane Acrylates
- 12.1.3 Polyester Acrylates
- 12.1.4 Polyether Acrylates
- 12.1.5 Free-radical and Cationic Systems
- 12.2.1 Electronics & Encapsulation
- 12.2.2 Automotive & Aerospace Coatings
- 12.2.3 Printing & Packaging Inks
- 12.2.4 Optical & Lens Coatings
- 12.2.5 3D Printing
- 12.2.6 Others
- 12.3.1 Saudi Arabia
- 12.3.2 UAE
- 12.3.3 South Africa
- 12.3.4 Egypt
- 12.3.5 Israel
- 12.3.6 Rest of Middle East and Africa
- 12.4 Middle East and Africa Photocurable Resin Coatings Market – Opportunity Analysis Index, By Resin Type, By Application, and Country, 2024 - 2031
- 12.5 Regional Trends Analysis
- 12.6 Middle East and Africa Photocurable Resin Coatings Market Research Report - Company Profiles
- 12.6.1 Company 1 (Saudi Arabia)
- 12.6.2 Company 2 (UAE)
- 12.6.3 Company 3 (UAE)
- 13.1 Strategic Dashboard of Top Market Players
- 13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
- 13.2.1 BASF SE
- 13.2.2 Arkema Group
- 13.2.3 Covestro AG
- 13.2.4 Dymax Corporation
- 13.2.5 Allnex Group
- 13.2.6 Eternal Materials Co. Ltd.
- 13.2.7 DSM (Royal DSM)
- 13.2.8 IGM Resins B.V.
- 13.2.9 Hitachi Chemical Co. Ltd.
- 13.2.10 Sartomer (Arkema)
- 13.2.11 Mitsubishi Chemical Corporation
- 13.2.12 Toagosei Co. Ltd.
- 13.2.13 Evonik Industries AG
- 13.2.14 Jiangsu Sanmu Group Corporation
- 13.2.15 Solvay S.A.
- 8.1 By Resin Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
- 14. Data Collection Method and Research Approach
- 15. Principal Presumptions and Acronyms