Market Overview:
The global UV coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for UV coatings from various end-use industries, such as industrial coatings, electronics, graphic arts, and others. In terms of type, the wood coatings segment is projected to lead the global UV coatings market during the forecast period. This can be attributed to factors such as rising demand for wood-based products and increasing awareness about environment-friendly products among consumers.
Product Definition:
A UV coating is a layer of material that is applied to a surface and then exposed to ultraviolet light. This causes the coating to harden and form a protective barrier. UV coatings are used in a variety of applications, including automotive finishes, wood finishes, and optical coatings. They are important because they provide protection from the sun's rays and help to keep surfaces looking new for longer periods of time.
Wood Coatings:
Wood coatings are used in various applications such as furniture, flooring, paneling and siding. Wood coating is a type of paint made from natural or synthetic resins that is applied to several substrates or the whole surface to give it a finished look. The wood coating industry has been growing at an exponential rate over the past few years owing to increasing demand for wooden products across different industries including construction, furniture and decorative interiors among others.
Plastic Coatings:
Plastic coatings are applied to various products in the automotive, construction, and electrical & electronics industries. The product is available in various forms such as powder, liquid, film and sheet. It offers high resistance to abrasion & corrosion along with improved aesthetics which makes it suitable for use in end-use industries.
The global plastic coating market size was valued at USD 23 billion in 2015.
Application Insights:
The industrial applications include food & beverage, textiles, paper and packaging among others. The increasing demand for beverages in Asia Pacific coupled with the growing textile industry is expected to drive the market over the forecast period.
The electronics application segment accounted for a share of 22.3% in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 attributed to high product demand due largely on account of its water resistance property which helps prevent corrosion.
Regional Analysis:
Asia Pacific was the largest global market in 2017 and will expand further at a steady CAGR from 2018 to 2030. This is attributed to growing industrialization, rapid urbanization, and increasing foreign investments in the region. The growth of this region can be attributed to rising product demand from several end-use industries including electronics, automotive, construction & housing, packaging etc.
The Asia Pacific economy has been transitioning towards a consumer-driven growth model with emphasis on high value added products and services supported by technological advancements coupled with strong economic performance.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Rising awareness about the benefits of UV coatings over traditional coatings
- Growing popularity of UV-cured coatings among consumers and professionals
- Technological advancements in UV coating technology
- Rising demand for environmentally friendly and sustainable products
Scope Of The Report
Report Attributes
Report Details
Report Title
UV Coatings Market Research Report
By Type
Wood Coatings, Plastic Coatings, Over Print Varnish, Display Coatings, Conformal Coatings, Paper Coatings
By Application
Industrial Coatings, Electronics, Graphic Arts
By Companies
Akzonobel, DSM, PPG Industries, BASF, Sherwin-Williams, Valspar, Axaltacs, Dymax, Eternal Chemical, DIC, Akzonobel
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global UV Coatings Market Report Segments:
The global UV Coatings market is segmented on the basis of:
Types
Wood Coatings, Plastic Coatings, Over Print Varnish, Display Coatings, Conformal Coatings, Paper Coatings
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, Electronics, Graphic Arts
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
- DSM
- PPG Industries
- BASF
- Sherwin-Williams
- Valspar
- Axaltacs
- Dymax
- Eternal Chemical
- DIC
- Akzonobel
Highlights of The UV 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:
- Wood Coatings
- Plastic Coatings
- Over Print Varnish
- Display Coatings
- Conformal Coatings
- Paper Coatings
- By Application:
- Industrial Coatings
- Electronics
- Graphic Arts
- 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 UV 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?
UV coatings are a type of protective coating that use ultraviolet (UV) radiation to create a hard, durable finish. UV coatings can be used on many different types of materials, including glass, metal, and plastic. They are often used to protect surfaces from weathering and damage.
Some of the key players operating in the uv coatings market are Akzonobel, DSM, PPG Industries, BASF, Sherwin-Williams, Valspar, Axaltacs, Dymax, Eternal Chemical, DIC, Akzonobel.
The uv 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 UV 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 UV Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 UV 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 UV 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 UV Coatings Market Size & Forecast, 2020-2028
4.5.1 UV Coatings Market Size and Y-o-Y Growth
4.5.2 UV 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 Wood Coatings
5.2.2 Plastic Coatings
5.2.3 Over Print Varnish
5.2.4 Display Coatings
5.2.5 Conformal Coatings
5.2.6 Paper Coatings
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 Electronics
6.2.3 Graphic Arts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV 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 UV 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 Wood Coatings
9.6.2 Plastic Coatings
9.6.3 Over Print Varnish
9.6.4 Display Coatings
9.6.5 Conformal Coatings
9.6.6 Paper Coatings
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 Electronics
9.10.3 Graphic Arts
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 Wood Coatings
10.6.2 Plastic Coatings
10.6.3 Over Print Varnish
10.6.4 Display Coatings
10.6.5 Conformal Coatings
10.6.6 Paper Coatings
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 Electronics
10.10.3 Graphic Arts
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 Wood Coatings
11.6.2 Plastic Coatings
11.6.3 Over Print Varnish
11.6.4 Display Coatings
11.6.5 Conformal Coatings
11.6.6 Paper Coatings
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 Electronics
11.10.3 Graphic Arts
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 Wood Coatings
12.6.2 Plastic Coatings
12.6.3 Over Print Varnish
12.6.4 Display Coatings
12.6.5 Conformal Coatings
12.6.6 Paper Coatings
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 Electronics
12.10.3 Graphic Arts
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 Wood Coatings
13.6.2 Plastic Coatings
13.6.3 Over Print Varnish
13.6.4 Display Coatings
13.6.5 Conformal Coatings
13.6.6 Paper Coatings
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 Electronics
13.10.3 Graphic Arts
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 UV Coatings Market: Competitive Dashboard
14.2 Global UV Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Akzonobel
14.3.2 DSM
14.3.3 PPG Industries
14.3.4 BASF
14.3.5 Sherwin-Williams
14.3.6 Valspar
14.3.7 Axaltacs
14.3.8 Dymax
14.3.9 Eternal Chemical
14.3.10 DIC
14.3.11 Akzonobel
