Market Overview:
The global photocuring coating market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for photocuring coatings from various end-use industries, such as information industry, automotive manufacturing, construction industry, printing industry and others. Photocuring coatings are used in a wide range of applications owing to their superior properties such as scratch resistance, chemical resistance and high gloss finish. In addition, these coatings offer environmental benefits over traditional solvent-based paints by reducing volatile organic compound (VOC) emissions. Based on type, the global photocuring coating market is segmented into water-based paint and solvent-based paint. Solvent-based paints are more popular than water-based paints due to their superior properties such as better adhesion and higher gloss finish. However, waterborne coatings are gaining popularity due to stringent environmental regulations governing VOC emissions from industrial processes across the globe. Based on application, the global photocuring coating market is segmented into information industry; automotive manufacturing; construction industry; printing industry; other applications including medical devices & equipment and consumer goods).
Product Definition:
A photocuring coating is a type of coating that is used to cure or harden when exposed to light. This type of coating is often used in the medical industry, as it can be used to create medical devices and other products that need to be durable and withstand exposure.
Water-Based Paint:
Water-based paint is a type of paint which is made up of water, binders and pigment. It has low Volatile Organic Compounds (VOC) content as compared to solvent-based paints. Water-based paints dry faster than solvent-based ones due to the rapid evaporation of water from the coating layer hence it does not shrink while drying.
Solvent-Based Paint:
Solvent-based paint is a type of paint that contains more than one solvent. The most common types of solvents used in these paints include alcohols, glycol ethers, acetone and methyl ethyl ketone (MEK).
The global solvent-based paint market size was valued at USD 2.5 billion in 2016.
Application Insights:
The global photocuring coatings market is segmented on the basis of application into information industry, automotive manufacturing, construction industry, printing industry and other applications. The information technology sector emerged as the largest application segment in 2017 owing to increasing demand for high-resolution displays and growing use of photovoltaic coatings in IT equipment.
Photocuring coatings are used extensively across various components including solar panels; roofing; facades; windows & glass surfaces (solar control); exterior walls & roofs (reflective) in the construction sector as they provide protection from extreme heat and UV rays along with aesthetic appeal. In addition, these paints facilitate easy cleaning which plays a key role during maintenance operations of building structures coated with these paints. These factors are anticipated to drive growth over the forecast period.
Regional Analysis:
Asia Pacific was the largest market for photocuring coatings in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to high product demand from various application industries, especially from China and India. Growing industrialization coupled with increasing construction spending is anticipated to drive growth over the next eight years.
The growing information technology industry has led to an increase in data transfer speeds across major cities such as Bangalore, Hyderabad, Mumbai, New Delhi among others which requires coating with improved resistance against moisture and heat that damages electronic devices. This trend will lead towards increased demand for solvent-based paints over water-based paints due to their superior performance characteristics as comparedto water-based paints under different climatic conditions such as high temperature & low relative humidity (sunshine) or low temperature & high relative humidity (rainy season).
Growth Factors:
- Increasing demand for photocuring coatings in the medical device and aerospace industries
- Growing popularity of LED-based curing systems
- Rising demand for environmentally friendly coatings
- Advances in coating technology that improve performance and durability
- Increased use of photocuring coatings in 3D printing
Scope Of The Report
Report Attributes
Report Details
Report Title
Photocuring Coating Market Research Report
By Type
Water-Based Paint, Solvent-Based Paint
By Application
Information Industry, Automotive Manufacturing, Construction Industry, Printing Industry, Other
By Companies
ICA SpA, Jiuri New Materials, Sokan New Materials, Yangfan New Materials, Mankiewicz, DSM Coating, Kuangshun Photosensitivity New-Material, Chromaflo, Hipro Polymer Materials, Manfield Coatings, ICA SpA, Adeka Corporation, Nippon Paint, Huilong Coating, BASF, Axalta Coating, PPG Industries, Akzo Nobel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Photocuring Coating Market Report Segments:
The global Photocuring Coating market is segmented on the basis of:
Types
Water-Based Paint, Solvent-Based Paint
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Information Industry, Automotive Manufacturing, Construction Industry, Printing Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ICA SpA
- Jiuri New Materials
- Sokan New Materials
- Yangfan New Materials
- Mankiewicz
- DSM Coating
- Kuangshun Photosensitivity New-Material
- Chromaflo
- Hipro Polymer Materials
- Manfield Coatings
- ICA SpA
- Adeka Corporation
- Nippon Paint
- Huilong Coating
- BASF
- Axalta Coating
- PPG Industries
- Akzo Nobel
Highlights of The Photocuring Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-Based Paint
- Solvent-Based Paint
- By Application:
- Information Industry
- Automotive Manufacturing
- Construction Industry
- Printing Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photocuring Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photocuring coating is a type of paint that is applied over a previously painted surface. It is made up of small, light-sensitive particles that are suspended in a liquid medium. When the light from an object shines on the coating, it causes these particles to react and create new colors on the surface.
Some of the major players in the photocuring coating market are ICA SpA, Jiuri New Materials, Sokan New Materials, Yangfan New Materials, Mankiewicz, DSM Coating, Kuangshun Photosensitivity New-Material, Chromaflo, Hipro Polymer Materials, Manfield Coatings, ICA SpA, Adeka Corporation, Nippon Paint, Huilong Coating, BASF, Axalta Coating, PPG Industries, Akzo Nobel.
The photocuring coating market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photocuring Coating Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photocuring Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photocuring Coating Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photocuring Coating Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photocuring Coating Market Size & Forecast, 2018-2028
4.5.1 Photocuring Coating Market Size and Y-o-Y Growth
4.5.2 Photocuring Coating Market Absolute $ Opportunity
Chapter 5 Global Photocuring Coating Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photocuring Coating Market Size Forecast by Type
5.2.1 Water-Based Paint
5.2.2 Solvent-Based Paint
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photocuring Coating Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photocuring Coating Market Size Forecast by Applications
6.2.1 Information Industry
6.2.2 Automotive Manufacturing
6.2.3 Construction Industry
6.2.4 Printing Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photocuring Coating Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photocuring Coating Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photocuring Coating Analysis and Forecast
9.1 Introduction
9.2 North America Photocuring Coating Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photocuring Coating Market Size Forecast by Type
9.6.1 Water-Based Paint
9.6.2 Solvent-Based Paint
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photocuring Coating Market Size Forecast by Applications
9.10.1 Information Industry
9.10.2 Automotive Manufacturing
9.10.3 Construction Industry
9.10.4 Printing Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photocuring Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Photocuring Coating Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photocuring Coating Market Size Forecast by Type
10.6.1 Water-Based Paint
10.6.2 Solvent-Based Paint
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photocuring Coating Market Size Forecast by Applications
10.10.1 Information Industry
10.10.2 Automotive Manufacturing
10.10.3 Construction Industry
10.10.4 Printing Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photocuring Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photocuring Coating Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photocuring Coating Market Size Forecast by Type
11.6.1 Water-Based Paint
11.6.2 Solvent-Based Paint
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photocuring Coating Market Size Forecast by Applications
11.10.1 Information Industry
11.10.2 Automotive Manufacturing
11.10.3 Construction Industry
11.10.4 Printing Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photocuring Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Photocuring Coating Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photocuring Coating Market Size Forecast by Type
12.6.1 Water-Based Paint
12.6.2 Solvent-Based Paint
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photocuring Coating Market Size Forecast by Applications
12.10.1 Information Industry
12.10.2 Automotive Manufacturing
12.10.3 Construction Industry
12.10.4 Printing Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photocuring Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photocuring Coating Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photocuring Coating Market Size Forecast by Type
13.6.1 Water-Based Paint
13.6.2 Solvent-Based Paint
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photocuring Coating Market Size Forecast by Applications
13.10.1 Information Industry
13.10.2 Automotive Manufacturing
13.10.3 Construction Industry
13.10.4 Printing Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photocuring Coating Market: Competitive Dashboard
14.2 Global Photocuring Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ICA SpA
14.3.2 Jiuri New Materials
14.3.3 Sokan New Materials
14.3.4 Yangfan New Materials
14.3.5 Mankiewicz
14.3.6 DSM Coating
14.3.7 Kuangshun Photosensitivity New-Material
14.3.8 Chromaflo
14.3.9 Hipro Polymer Materials
14.3.10 Manfield Coatings
14.3.11 ICA SpA
14.3.12 Adeka Corporation
14.3.13 Nippon Paint
14.3.14 Huilong Coating
14.3.15 BASF
14.3.16 Axalta Coating
14.3.17 PPG Industries
14.3.18 Akzo Nobel
