Curable Materials Market Analysis to 2023 | Evolving Technology, Trends, Industry Size, Share, Growth Boosters

Curable Materials
Curable materials market is majorly segmented on the basis of type, application, and regions. Market segmentation based on type include rubber, polymer and Curable polymer is a prominent segment accounted for majority of global market shares closely followed by curable rubber

Curable Materials Market Overview to 2023

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.

Curable Materials Market– Top 10 Global key Players & Their Strategy

Key players of the global curable materials 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.

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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. 

Competitive Analysis

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.      

Segmentation Analysis

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.

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Curable Materials Market – Regional Analysis      

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.

 

 

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