Global Ultraviolet (UV) Curable Coatings Market, By Composition (Oligomers, Monomers, Photoinitiators, PU Dispersions and Others), Type (Wood Coatings Plastic Coatings, Over Print Varnish, Display Coatings, Conformal Coatings and Paper Coatings), End Use Industry (Industrial Coatings, Electronics and Graphic Arts), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Ultraviolet (UV) Curable Coatings Market
The ultraviolet (UV) curable coatings market is expected to witness market growth at a rate of 12.0% in the forecast period of 2021 to 2028 and is expected to reach USD 16,836.55 million by 2028. Data Bridge Market Research report on ultraviolet (UV) curable coatings market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the modernization is escalating the growth of ultraviolet (UV) curable coatings market.
Ultraviolet curing or UV curing can be referred to as a photochemical procedure applied coupled with ultraviolet light to have instant drying or curing of coatings, inks or adhesives. UV-cured coating is a mixture of oligomers and liquid monomers with a small quantity of photo initiators that are bare to UV light for quick drying. UV energy offers quicker drying of the coating as in comparison to the heat.
Major factors that are expected to boost the growth of the ultraviolet (UV) curable coatings market in the forecast period are the rise in the environmental alertness in the coatings industry. Also, the increasing of the electronics industry to upsurge the demand for UV coatings which is further anticipated to propel the growth of the ultraviolet (UV) curable coatings market. Moreover, the growing in the need for industrial wood coatings is further estimated to cushion the growth of the ultraviolet (UV) curable coatings market. On the other hand, the rise in the expense of UV coatings and dearth of alertness regarding these coatings and the decline in the need for UV curable coatings because of the COVID-19 pandemic outbreak are further projected to impede the growth of the ultraviolet (UV) curable coatings market in the timeline period.
In addition, the rise in the scope in newer applications and the potential markets with low capacities will further provide potential opportunities for the growth of the ultraviolet (UV) curable coatings market in the coming years. However, the rapid defects on the UV curable coating products might further challenge the growth of the ultraviolet (UV) curable coatings market in the near future.
This ultraviolet radiation (UV) curable coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ultraviolet radiation (UV) curable coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ultraviolet Radiation (UV) Curable Coatings Market Scope and Market Size
The ultraviolet radiation (UV) curable coatings market is segmented on the basis of composition, type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of composition, the ultraviolet radiation (UV) curable coatings market is segmented into oligomers, monomers, photoinitiators, PU dispersions and others.
- On the basis of type, the ultraviolet radiation (UV) curable coatings market is segmented into wood coatings plastic coatings, over print varnish, display coatings, conformal coatings and paper coatings.
- .On the basis of end use industry, the ultraviolet radiation (UV) curable coatings market is segmented into industrial coatings, electronics and graphic arts.
Ultraviolet Radiation (UV) Curable Coatings Market Country Level Analysis
The ultraviolet radiation (UV) curable coatings market is analysed and market size, volume information is provided by country, resin type, formulating technology and application as referenced above.
The countries covered in the ultraviolet radiation (UV) curable coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ultraviolet radiation (UV) curable coatings market due to the rise in the need for high performance coatings. Furthermore, the increasing in the need for advancing middle-class population, constant industrialization and upsurge in the manufacturing sector will further boost the growth of the ultraviolet radiation (UV) curable coatings market in the region during the forecast period. Europe is projected to observe significant amount of growth in the ultraviolet radiation (UV) curable coatings market due to the rise in the alertness regarding the environmental pollution control. Moreover, increasing of the industrial sector is further anticipated to propel the growth of the ultraviolet radiation (UV) curable coatings market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ultraviolet Radiation (UV) Curable Coatings Market Share Analysis
The ultraviolet radiation (UV) curable coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ultraviolet radiation (UV) curable coatings market.
The major players covered in the ultraviolet radiation (UV) curable coatings market report are DSM, Akzo Nobel N.V., PPG Industries, Inc., BASF SE, The Sherwin-Williams Company, Valspar, Dymax Corporation, DIC CORPORATION, Croda International Plc, ALLNEX NETHERLANDS B.V., Jainco Industry Chemicals, Bangalore, Arkema, Ashland, Covestro AG, TOAGOSEI CO., LTD., KEYLAND POLYMER MATERIAL SCIENCES, Protech Powder Coatings Inc., Hitachi Chemical Diagnostics, Inc., Nippon Paint (India) Private Limited, and Watson Coatings, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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