Pangkalahatang ideya ng Market

The market size of UV curable coatings was valued at USD 6.62 bilyon sa 2020 at ay projected upang maabot USD 10.75 bilyon sa pamamagitan ng 2026, with a compound annual growth rate (CAGR) ng mga 8.40% during the period from 2021 sa 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, mga 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% sa panahon ng pagtataya.

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.

Market Segmentation

Ang merkado ay segmented batay sa iba't ibang mga kadahilanan, including component, end-use, at heograpiya.

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

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

Segmentasyon ayon sa Heograpiya
Hilagang Amerika – US, Canada
Europa – Alemanya, Pransiya, UK, Italya, Rusya
APAC – Tsina, Hapon, India, Timog Korea, Indonesia
Latin America – Brazil, Mexico
Middle East & Africa – Timog Aprika, Saudi Arabia, 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 milyon sa pamamagitan ng 2026.

Various industries extensively utilize UV curable coatings, including automotive, wood, mga electronics, aerospace, paper and packaging, and printing and graphic arts. Kabilang sa mga ito, 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% sa panahon ng pagtataya. 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, mga 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 a result, the UV curable coatings market in Europe presents significant opportunities for players to expand and grow.

Mapagkumpitensya na Landscape

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. Tulad ng 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, Ltd., Jainco Industry Chemicals, The Protech Group, Eternal Chemical Co. Ltd, DIC Corporation, Master Bond Inc.

Mga Mahahalagang Tanong na Nasagot

What is the market size of UV curable coatings?

The market for UV curable coatings is projected to reach USD 10,751.64 milyon sa pamamagitan ng 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, mga electronics, automotive, printing/graphic art, paper and packaging, at iba pa.