Photopolymer Resin Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Photopolymer Resin market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Photopolymer Resin Market report is anticipated to register a CAGR of 20% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Photopolymer Resin Market are –
- Flint Group
- KIVI Markings
- MacDermid Inc
- Nitto Denko
- Anderson and Vreeland
- Polydiam Industries
The global photopolymer resin market is expected to witness a CAGR of more than 20% during the forecast period, majorly driven by increasing demand of photopolymers in the 3D printing applications. The increasing use of these resins in electronics industry is also likely to stimulate the market growth.
Increasing Demand for 3D Printing Application Driving the Market
Liquid photopolymers are widely used in the 3D printing industry. These polymers are used in printing technologies such as 3D jetted printing. Printing newspapers and boxes also use photopolymers. Epoxy-based systems and hybrids are now preferred to older acrylates in 3D printing because of their higher strength, higher temperature resistance, lower moisture absorption and lower shrinkage. Currently 98% of the hearing aids across the globe is manufactured with the help of 3D printing. Smartphones manufacturers are also using the 3D printing technology to manufacture the components of smartphones. With the growing use of 3D printing technology across various applications, the market for photopolymers is likely to grow during the forecast period.
3D Printing in Healthcare is Likely to Drive the Market
The 3D printing technology has recently gained traction in the medical and healthcare industry. This technology is used in various applications in the medical industry, such as tissue and organ fabrication, personalized medicines, and medical devices and tools. Plastics is the most commonly used material for 3D printed medical devices, contributing over 70% of the share. Photopolymers are gaining attention over thermoplastics driven by their attractive properties, such as improved thermal resistance, improved elasticity, and higher impact strength. Acrylate resins are preferred over epoxy resins for 3D printing of medical devices due to their higher cytotoxicity and low curing time.
Medical Devices Industry Making North America the Dominant Market
In terms of consumption in 2017, North America held a significant market share, followed by Europe. North America and Europe is expected to account to around two-third of the total 3D printing market. The high usage of these resins in these regions can be attributed to the increasing expenditure for research and the high penetration of technology. Asia-pacific is expected to grow at the fastest rate, led by constructive government initiatives and financial support for further developing medical device applications via 3D printing technology. In China, government has invested more than USD 6 billion for the R&D of medical devices.
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Scope of the Report:
The report analyses Photopolymer Resin market, which includes –
- Analysis of the growth of Photopolymer Resin market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Photopolymer Resin market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Photopolymer Resin market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Photopolymer Resin market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Photopolymer Resin Market Report:
- Varying dynamics of the Photopolymer Resin industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Photopolymer Resin market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Photopolymer Resin market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Photopolymer Resin Market Report:
- The report analyses how stringent emission control norms will drive the global Photopolymer Resin market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Photopolymer Resin market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Photopolymer Resin:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Photopolymer Resin Market Report @ https://www.360marketupdates.com/TOC/12885313#TOC
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