Market Overview:
The global radiation-curable coatings market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for radiation-curable coatings in various applications, such as industrial coatings, electronic coatings, graphic arts, and others. In addition, the growing demand for environmentally friendly and low VOC (volatile organic compounds) products is also contributing to the growth of this market.
Product Definition:
A radiation-curable coating is a type of coating that can be cured or hardened using radiation. This type of coating is often used in the aerospace and automotive industries, as well as in other applications where high performance and durability are required.
Ultraviolet Curing:
Ultraviolet (UV) curing, also called as UV resin curing or UV light curing, is a method of polymerization in which the reactants are exposed to ultra-violet rays for a precise period of time. The reaction takes place through the photochemical mechanism. Ultraviolet light has wavelengths between 200 nm to 400 nm and can be classified into two types: short-wave ultraviolet (SW-UV) and long-wave ultraviolet (LW-UV).
Electron Beam Curing:
Electron beam curing (EBC) is a method of coating, which utilizes an electron beam for the application of radiation. The process takes place in two stages; first stage involves the application of coatings on the substrate and second stage involves baking to cure or solidify these coatings. This technology has gained popularity owing to its ability to provide high quality and durable coatings with reduced labor cost as compared to other conventional technologies such as thermal evaporation or sputtering methods.
Application Insights:
The others segment held the largest market share in 2017 and is anticipated to grow at a CAGR of XX% over the forecast period. Other applications include automotive, architectural, aerospace & defense and medical coatings. The growing demand for radiation-curable coatings in these applications is projected to drive growth over the coming years.
Industrial Coatings was one of the largest application segments that accounted for a significant market share in 2017 owing to increasing industrialization across developing countries such as India, China and Brazil which are presumed to boost product consumption over the forecast period. Growing industrialization coupled with rising disposable income levels will result into increased spending on new residential & commercial construction which will subsequently fuel industry expansion during future periods of analysis (2030 - 2038).
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to growing industrialization and technological advancements coupled with a high level of spending on research and development activities.
The U.S., being one of the most developed countries, holds a major share in global industry growth due to well-established manufacturing industries across various sectors such as aerospace, automotive, electrical & electronics among others. In addition, increasing R&D activities by educational institutions are likely to boost product demand across this region during the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions over the next eight years owing to rapid industrialization along with an increase in foreign investments especially from Japan and China which has resulted into increased production levels across several industries including automotive; aerospace; electronics among others thus driving market growth across this region during same period.
Growth Factors:
- Increasing demand for radiation-curable coatings from the automotive and aerospace industries due to their superior properties such as high gloss, corrosion resistance, and scratch resistance.
- Rising demand for radiation-curable coatings from the medical device industry due to their ability to improve biocompatibility and reduce infection rates.
- Growing popularity of radiation-curable coatings in Asia Pacific due to the increasing number of coating manufacturers in this region.
- Technological advancements that have led to the development of new and improved radiation-curable coatings formulations that offer better performance characteristics than traditional coating technologies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiation-Curable Coatings Market Research Report
By Type
Ultraviolet Curing, Electron Beam Curing
By Application
Industrial Coatings, Electronic Coatings, Graphic Arts, Others
By Companies
AkzoNobel, PPG Industries, Sherwin-Williams Company, Valspar Corporation, Axalta Coatings Systems, Mitsui Chemicals, Inc., Watson Coatings, Cardinal, Dymax Corp., Jainco Industry Chemicals, AkzoNobel, Master Bond Inc., Seagrave
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Radiation-Curable Coatings Market Report Segments:
The global Radiation-Curable Coatings market is segmented on the basis of:
Types
Ultraviolet Curing, Electron Beam Curing
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
Industrial Coatings, Electronic Coatings, Graphic Arts, Others
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:
- AkzoNobel
- PPG Industries
- Sherwin-Williams Company
- Valspar Corporation
- Axalta Coatings Systems
- Mitsui Chemicals, Inc.
- Watson Coatings
- Cardinal
- Dymax Corp.
- Jainco Industry Chemicals
- AkzoNobel
- Master Bond Inc.
- Seagrave
Highlights of The Radiation-Curable Coatings 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:
- Ultraviolet Curing
- Electron Beam Curing
- By Application:
- Industrial Coatings
- Electronic Coatings
- Graphic Arts
- Others
- 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 Radiation-Curable Coatings 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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?
Radiation-curable coatings are a type of coating that can be cured by exposure to radiation. This means that the coating will become permanent after being exposed to radiation, and it will not need to be removed or repaired.
Some of the key players operating in the radiation-curable coatings market are AkzoNobel, PPG Industries, Sherwin-Williams Company, Valspar Corporation, Axalta Coatings Systems, Mitsui Chemicals, Inc., Watson Coatings, Cardinal, Dymax Corp., Jainco Industry Chemicals, AkzoNobel, Master Bond Inc., Seagrave.
The radiation-curable coatings market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiation-Curable Coatings 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 Radiation-Curable Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radiation-Curable Coatings 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 Radiation-Curable Coatings 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 Radiation-Curable Coatings Market Size & Forecast, 2020-2028
4.5.1 Radiation-Curable Coatings Market Size and Y-o-Y Growth
4.5.2 Radiation-Curable Coatings Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Ultraviolet Curing
5.2.2 Electron Beam Curing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial Coatings
6.2.2 Electronic Coatings
6.2.3 Graphic Arts
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiation-Curable Coatings 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 Radiation-Curable Coatings 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Ultraviolet Curing
9.6.2 Electron Beam Curing
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 Market Size Forecast by Applications
9.10.1 Industrial Coatings
9.10.2 Electronic Coatings
9.10.3 Graphic Arts
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Ultraviolet Curing
10.6.2 Electron Beam Curing
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 Market Size Forecast by Applications
10.10.1 Industrial Coatings
10.10.2 Electronic Coatings
10.10.3 Graphic Arts
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Ultraviolet Curing
11.6.2 Electron Beam Curing
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 Market Size Forecast by Applications
11.10.1 Industrial Coatings
11.10.2 Electronic Coatings
11.10.3 Graphic Arts
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Ultraviolet Curing
12.6.2 Electron Beam Curing
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 Market Size Forecast by Applications
12.10.1 Industrial Coatings
12.10.2 Electronic Coatings
12.10.3 Graphic Arts
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Ultraviolet Curing
13.6.2 Electron Beam Curing
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) Market Size Forecast by Applications
13.10.1 Industrial Coatings
13.10.2 Electronic Coatings
13.10.3 Graphic Arts
13.10.4 Others
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 Radiation-Curable Coatings Market: Competitive Dashboard
14.2 Global Radiation-Curable Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 PPG Industries
14.3.3 Sherwin-Williams Company
14.3.4 Valspar Corporation
14.3.5 Axalta Coatings Systems
14.3.6 Mitsui Chemicals, Inc.
14.3.7 Watson Coatings
14.3.8 Cardinal
14.3.9 Dymax Corp.
14.3.10 Jainco Industry Chemicals
14.3.11 AkzoNobel
14.3.12 Master Bond Inc.
14.3.13 Seagrave
