Market Overview:
The global radiation cure coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for radiation cure coatings in wood coatings, automotive headlight coatings, overprint varnishes, and photopolymer printing plates applications. In terms of type, the UV energy segment is expected to lead the global radiation cure coatings market during the forecast period. This can be attributed to its properties such as high reactivity and short curing time as compared to other types of radiation energy.
Product Definition:
Radiation Cure Coatings are coatings that are cured or hardened using radiation. This type of coating is important because it can provide a high degree of protection against corrosion and other types of damage.
UV Energy:
UV energy is the part of electromagnetic spectrum with a wavelength between 10 nm to 400 nm. UV-A (short wave UV-A) has a longer wavelength than regular visible light but less than X-rays. It can cause sunburn and skin cancer. UVB (mid wave UV-B) has a shorter wavelength than regular visible light but stronger effect then UVA; it can damage skin cells and cause severe tanning or burn.
Visible Light:
Visible light is the part of the electromagnetic spectrum that is visible to human eyes. Visible light includes a small part of infrared, ultraviolet, and X-rays. The visible light source can be natural or artificial. Natural sources include starlight, sunlight, firelight, lamp light; while artificial sources include LED lights and fluorescent lights.
Application Insights:
The market is segmented by application into wood coatings, automotive headlight coatings, overprint varnishes, photopolymer printing plates and others. Wood coatings held the largest revenue share in 2017 owing to increasing demand for radiation cure coating from various end-use industries such as construction and furniture. The growth of the furniture industry is expected to drive the product demand over the forecast period.
Radiation cure coating finds applications in a wide range of industries including electronics, medical equipment & devices manufacturing which require high durability and functional properties for their products. The growing electronics industry across regions coupled with rising consumer spending on advanced technology products is expected to propel market growth during the study period.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to growing demand from end-use industries, such as automotive, construction and wood coatings. In addition, increasing R&D activities by industry players are likely to contribute towards market growth over the coming years.
Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 6% during the forecast period due to rapid industrialization and economic development in emerging countries like China and India.
Europe was valued at USD X million in 2017 owing high consumption levels of radiation cure coating from major application sectors including electronics manufacturing.
Growth Factors:
- Increasing demand for radiation cure coatings from the automotive and aerospace industries due to their superior properties such as corrosion resistance, durability, and high quality finish.
- Rising demand for radiation cure coatings from the medical device industry due to their ability to provide a smooth surface finish and improve biocompatibility.
- Growing popularity of radiation cure coatings in Asia Pacific due to the increasing demand from emerging economies such as China and India.
- Technological advancements that have led to the development of new types of radiation cure coatings with improved properties such as scratch resistance and chemical resistance.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radiation Cure Coatings Market Research Report
By Type
UV Energy, Visible Light, Low Energy Electrons
By Application
Wood Coatings, Automotive Headlight Coatings, Overprint Varnishes, Photopolymer Printing Plates
By Companies
BASF, Chongqing Changfeng Chemical, Cytec Industries, Dainichiseika Color & Chemicals, DSM, Sartomer, BASF
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Radiation Cure Coatings Market Report Segments:
The global Radiation Cure Coatings market is segmented on the basis of:
Types
UV Energy, Visible Light, Low Energy Electrons
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
Wood Coatings, Automotive Headlight Coatings, Overprint Varnishes, Photopolymer Printing Plates
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:
- BASF
- Chongqing Changfeng Chemical
- Cytec Industries
- Dainichiseika Color & Chemicals
- DSM
- Sartomer
- BASF
Highlights of The Radiation Cure 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:
- UV Energy
- Visible Light
- Low Energy Electrons
- By Application:
- Wood Coatings
- Automotive Headlight Coatings
- Overprint Varnishes
- Photopolymer Printing Plates
- 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 Cure 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 cure coatings are a type of coating that is used to protect objects from radiation. Radiation cure coatings are typically used on medical equipment, such as x-ray machines, to help prevent the equipment from being damaged by radiation.
Some of the major companies in the radiation cure coatings market are BASF, Chongqing Changfeng Chemical, Cytec Industries, Dainichiseika Color & Chemicals, DSM, Sartomer, BASF.
The radiation cure coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radiation Cure 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 Cure Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radiation Cure 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 Cure 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 Cure Coatings Market Size & Forecast, 2020-2028
4.5.1 Radiation Cure Coatings Market Size and Y-o-Y Growth
4.5.2 Radiation Cure 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 UV Energy
5.2.2 Visible Light
5.2.3 Low Energy Electrons
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 Wood Coatings
6.2.2 Automotive Headlight Coatings
6.2.3 Overprint Varnishes
6.2.4 Photopolymer Printing Plates
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radiation Cure 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 Cure 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 UV Energy
9.6.2 Visible Light
9.6.3 Low Energy Electrons
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 Wood Coatings
9.10.2 Automotive Headlight Coatings
9.10.3 Overprint Varnishes
9.10.4 Photopolymer Printing Plates
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 UV Energy
10.6.2 Visible Light
10.6.3 Low Energy Electrons
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 Wood Coatings
10.10.2 Automotive Headlight Coatings
10.10.3 Overprint Varnishes
10.10.4 Photopolymer Printing Plates
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 UV Energy
11.6.2 Visible Light
11.6.3 Low Energy Electrons
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 Wood Coatings
11.10.2 Automotive Headlight Coatings
11.10.3 Overprint Varnishes
11.10.4 Photopolymer Printing Plates
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 UV Energy
12.6.2 Visible Light
12.6.3 Low Energy Electrons
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 Wood Coatings
12.10.2 Automotive Headlight Coatings
12.10.3 Overprint Varnishes
12.10.4 Photopolymer Printing Plates
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 UV Energy
13.6.2 Visible Light
13.6.3 Low Energy Electrons
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 Wood Coatings
13.10.2 Automotive Headlight Coatings
13.10.3 Overprint Varnishes
13.10.4 Photopolymer Printing Plates
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 Cure Coatings Market: Competitive Dashboard
14.2 Global Radiation Cure Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Chongqing Changfeng Chemical
14.3.3 Cytec Industries
14.3.4 Dainichiseika Color & Chemicals
14.3.5 DSM
14.3.6 Sartomer
14.3.7 BASF
