The resins market was hit hard by the economic crisis of 2008. Since then, there has been a consistent recovery in the market that is expected to continue through 2020. This growth includes a rise in acrylic, adhesive, and UV-curable resins specifically in the Asia-Pacific region. In this area, adhesives and sealants are in high demand in India, China, Japan, South Korea, and Australia. Government regulations on emissions and increased demands for electronics have caused the growth of the global resins market. Within the green coatings market, UV resins based coatings particularly are the fastest growing segment.
Customers frequently request resins formulated to be thinner to ensure a faster drying process, as well as more environmentally friendly resins from their suppliers. These new demands have been a push for innovation in the industry, and new technology and products have been the result.