Markoorsig

The market size of UV curable coatings was valued at USD 6.62 miljard in 2020 en word geprojekteer om USD te bereik 10.75 miljard by 2026, met 'n saamgestelde jaarlikse groeikoers (CAGR) van 8.40% during the period from 2021 aan 2026.

With increasing environmental concerns and the emphasis on sustainable development, UV curable technology is expected to gain significant importance and witness considerable investment in research and development. The Asia-Pacific (APAC) countries, driven by rapid urbanization and the growing middle-class population, are anticipated to exhibit strong demand for UV curable adhesive coatings across various end markets such as packaging, automotive, electronics, and wood.

The UV curable coating market offers immense potential and a promising scope due to its numerous advantages over conventional coating solutions. The photoinitiators segment within the global UV curable coatings industry is expected to witness rapid growth. In addition, the global market for automotive UV curable coatings is projected to grow at a CAGR of approximately 8% gedurende die voorspellingsperiode.

Upcoming end-user segments for UV curable coatings include electronics assemblies, electric vehicle batteries, low-migration formulations for food packaging, commercial printing, labels and packaging, and pre-coated substrates. These sectors hold significant opportunities for the application of UV curable coatings and are expected to contribute to the market’s growth.

Marksegmentasie

Die mark is gesegmenteer op grond van verskeie faktore, including component, end-use, en geografie.

Market Segmentation by Component
Monomers
Photoinitiator
Oligomers
Pigment, Filler, and Additives

Market Segmentation by End-Use
Wood
Electronics
Automotive
Printing/Graphic Art
Paper and Packaging
Other

Segmentering volgens geografie
Noord-Amerika – VSA, Kanada
Europa – Duitsland, Frankryk, VK, Italië, Rusland
APAC – Sjina, Japan, Indië, Suid-Korea, Indonesië
Latyns-Amerika – Brasilië, Mexiko
middel ooste & Afrika – Suid-Afrika, Saoedi-Arabië, UAE

Oligomers, which are moderately low molecular weight resins in the UV curable coatings industry, play a significant role in determining the overall properties of coatings, inks, and adhesives. The demand for UV curable coatings is primarily driven by major industries such as flexible packaging, consumer coatings, and automotive. The market for oligomers in the UV-cured coatings industry is projected to reach USD 1497.32 miljoen deur 2026.

Various industries extensively utilize UV curable coatings, including automotive, wood, electronics, aerospace, paper and packaging, and printing and graphic arts. Onder hierdie, the electronic industry is emerging as a key sector due to technological advancements, the growth of the electric car industry, and the widespread use of Printed Circuit Boards (PCBs) in electronic devices. These factors contribute to the increased consumption of UV curing coatings in the electronics industry.

The global market for UV curable wooden coatings is expected to witness steady growth. Factors such as the rising demand for environmentally-friendly coatings, renovation and remodeling activities, and increasing demands from both emerging and established economies drive the growth of the UV curable wooden coatings market.

Among all regions, the Asia-Pacific (APAC) region leads in the consumption of UV curable coatings, followed by North America and Europe. The APAC market for UV curable coatings is anticipated to maintain a Compound Annual Growth Rate (CAGR) of over 8% gedurende die voorspellingsperiode. In APAC, China stands as the largest consumer of UV wood coatings. Key end-user markets such as flexible packaging, paper packaging, wood finishing, automotive, electronics, and printing drive the adoption of UV curing technology in the APAC region.

Europe is a major global manufacturer of automobiles. The use of UV curable coatings in applications such as headlamps, sheet molding, and plastics is integral to the European automotive industry. As gevolg hiervan, the UV curable coatings market in Europe presents significant opportunities for players to expand and grow.

Mededingende landskap

The UV curable coatings market exhibits a high level of fragmentation, with dominant players operating across all regions. Prominent competitors such as BASF SE, Sherwin-Williams Company, PPG Industries, DIC Corporation, AkzoNobel, Axalta Coating Systems, Royal DSM NV, and others are actively engaged in global operations alongside numerous local players. Investment in research and development will play a pivotal role in the growth of manufacturing companies in the upcoming years. Asof 2021, the global UV curable coatings market is experiencing steady growth, and with the implementation of various strategic initiatives by market players, the market is expected to continue its upward trajectory throughout the forecast period.

Key companies profiled in this report include Royal DSM NV, AkzoNobel, BASF SE, PPG Industries, Sherwin-Williams, DYMAX Corp., Nippon Paints, Cardinal Paint, Axalta Coating Systems, Bpk., Jainco Industry Chemicals, The Protech Group, Eternal Chemical Co. Bpk, DIC Corporation, Master Bond Inc.

Sleutelvrae beantwoord

What is the market size of UV curable coatings?

The market for UV curable coatings is projected to reach USD 10,751.64 miljoen deur 2026.

How has COVID-19 impacted the radiation-cured coatings market?

COVID-19 has presented significant opportunities within healthcare packaging, thereby benefiting the UV curable coatings sector.

Who are the major players in the global UV curable coatings market?

The key players in the global UV curable coatings market include Royal DSM NV, AkzoNobel, BASF SE, PPG Industries, and Sherwin-Williams.

What are the current trends in the UV-cured coatings market?

Increasing awareness for environmentally-friendly products and the use of UV-cured coatings in wood applications are among the latest trends in the UV-cured coatings market.

Which region exhibits the highest growth rate in the UV curable coatings industry?

The Asia-Pacific (APAC) region demonstrates the highest growth rate in the UV curable coatings industry.

What are the primary end-use segments in the UV curable coatings industry?

The primary end-use segments in the UV curable coatings industry include wood, electronics, automotive, printing/graphic art, paper and packaging, en ander.