Market Overview:
The global UV-cured coatings market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for UV-cured coatings from end-use industries such as automotive, electrical & electronics, healthcare, and graphic arts. In terms of type, the epoxy segment is expected to lead the global UV-cured coatings market during the forecast period. This can be attributed to its properties such as high chemical resistance and durability.
Product Definition:
UV-cured coatings are coatings that are cured or hardened using ultraviolet light. These coatings can be used for a variety of applications, including automotive finishes, marine finishes, and industrial finishes.
-They are more durable than other types of coatings.
-They are less likely to peel or blister than other types of coatings.
-They provide a high level of gloss and shine.
Epoxy:
Epoxy resins are synthetic compounds, which are polymerized to form an insoluble compound. Epoxy is a crystalline solid and has a characteristic odor. It is widely used as adhesives for wood panels and flooring owing to its high-temperature resistance, UV light & moisture curing properties along with excellent mechanical strength.
Polyester:
Polyester is a man-made fiber that has high chemical and heat resistance. It is also known for its excellent physical properties such as strength, softness, elasticity, low weight & cost and easy processing ability. Polyester resins are used to manufacture films & sheets which can be utilized in various end-use industries including building & construction, automotive OEM coatings and electrical appliances among others.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The growing demand for UV-cured coatings from the automotive industry is projected to remain a prominent trend over the forecast period. The rising need to protect vehicle components against corrosion and enhance aesthetic appeal is expected to drive growth during the forecast period.
Electrical & electronics was another major segment that accounted for a significant market share in 2017 owing to increasing demand from various end-use industries such as aerospace, defense and medical equipment among others. Electrical & electronics are characterized by high moisture absorption capacity which requires durable coatings with excellent resistance towards corrosion without affecting electrical insulation properties of materials coated with these products. These factors are anticipated to propel product demand during the estimated time frame.
Regional Analysis:
Asia Pacific was the largest global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of the overall revenue in 2017, which can be attributed to growing automotive production and investments in construction sector. Moreover, increasing demand for electronic devices such as smartphones and laptops is anticipated to drive product demand further.
The growth of this industry has been supported by favorable government policies regarding UV-cured coatings application in various industries including aerospace, automotive, marine & naval, healthcare & life sciences among others. In addition, rapid industrialization along with rising per capita income levels will boost consumer spending on durable goods including automobiles leading to increased sales volume thereby driving product consumption over the forecast period.
Europe emerged as a major consumer due to high acceptance from end-users coupled with presence of key manufacturers such as BASF SE; DUROIT SA; Henkel AG & Co.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for UV-cured coatings owing to their superior properties such as high gloss, corrosion resistance, and durability.
- Rising demand for UV-cured coatings in the construction industry due to their ability to provide a high degree of protection against weathering and fading.
- Growing popularity of waterborne UV-cured coatings due to their environmental friendly nature and low VOC emissions.
- Increasing use of UV-cured coatings in medical applications as they offer better performance than traditional coating methods with respect to biocompatibility, adhesion, and scratch resistance properties .
Scope Of The Report
Report Attributes
Report Details
Report Title
UV-cured Coatings Market Research Report
By Type
Epoxy, Polyester, Urethane, Others
By Application
Automotive, Electrical & Electronics, Healthcare, Graphic Arts, Others
By Companies
AkzoNobel, Sherwin-Williams, Dymax Corporation, PPG Industries, Ashland, Keyland Polymer, Master Bond, Protech-Oxyplast Powder Coatings, Red Spot Paint and Varnish, Seagrave Coatings, 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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global UV-cured Coatings Market Report Segments:
The global UV-cured Coatings market is segmented on the basis of:
Types
Epoxy, Polyester, Urethane, Others
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
Automotive, Electrical & Electronics, Healthcare, 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
- Sherwin-Williams
- Dymax Corporation
- PPG Industries
- Ashland
- Keyland Polymer
- Master Bond
- Protech-Oxyplast Powder Coatings
- Red Spot Paint and Varnish
- Seagrave Coatings
- AkzoNobel
Highlights of The UV-cured 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:
- Epoxy
- Polyester
- Urethane
- Others
- By Application:
- Automotive
- Electrical & Electronics
- Healthcare
- 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 UV-cured 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-cured coatings are a type of coating that is cured by ultraviolet (UV) radiation. UV-cured coatings are used on a variety of materials, including plastics, metal, and glass. UV-cured coatings provide an durable finish that is resistant to wear and tear.
Some of the major companies in the uv-cured coatings market are AkzoNobel, Sherwin-Williams, Dymax Corporation, PPG Industries, Ashland, Keyland Polymer, Master Bond, Protech-Oxyplast Powder Coatings, Red Spot Paint and Varnish, Seagrave Coatings, AkzoNobel.
The uv-cured coatings market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV-cured 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-cured Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 UV-cured 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-cured 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-cured Coatings Market Size & Forecast, 2018-2028
4.5.1 UV-cured Coatings Market Size and Y-o-Y Growth
4.5.2 UV-cured Coatings Market Absolute $ Opportunity
Chapter 5 Global UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Type
5.2.1 Epoxy
5.2.2 Polyester
5.2.3 Urethane
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electrical & Electronics
6.2.3 Healthcare
6.2.4 Graphic Arts
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV-cured 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-cured 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 UV-cured Coatings Analysis and Forecast
9.1 Introduction
9.2 North America UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Type
9.6.1 Epoxy
9.6.2 Polyester
9.6.3 Urethane
9.6.4 Others
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 UV-cured Coatings Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electrical & Electronics
9.10.3 Healthcare
9.10.4 Graphic Arts
9.10.5 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 UV-cured Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Type
10.6.1 Epoxy
10.6.2 Polyester
10.6.3 Urethane
10.6.4 Others
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 UV-cured Coatings Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electrical & Electronics
10.10.3 Healthcare
10.10.4 Graphic Arts
10.10.5 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 UV-cured Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Type
11.6.1 Epoxy
11.6.2 Polyester
11.6.3 Urethane
11.6.4 Others
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 UV-cured Coatings Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electrical & Electronics
11.10.3 Healthcare
11.10.4 Graphic Arts
11.10.5 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 UV-cured Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America UV-cured Coatings 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 UV-cured Coatings Market Size Forecast by Type
12.6.1 Epoxy
12.6.2 Polyester
12.6.3 Urethane
12.6.4 Others
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 UV-cured Coatings Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electrical & Electronics
12.10.3 Healthcare
12.10.4 Graphic Arts
12.10.5 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) UV-cured Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) UV-cured Coatings 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) UV-cured Coatings Market Size Forecast by Type
13.6.1 Epoxy
13.6.2 Polyester
13.6.3 Urethane
13.6.4 Others
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) UV-cured Coatings Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electrical & Electronics
13.10.3 Healthcare
13.10.4 Graphic Arts
13.10.5 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 UV-cured Coatings Market: Competitive Dashboard
14.2 Global UV-cured Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 Sherwin-Williams
14.3.3 Dymax Corporation
14.3.4 PPG Industries
14.3.5 Ashland
14.3.6 Keyland Polymer
14.3.7 Master Bond
14.3.8 Protech-Oxyplast Powder Coatings
14.3.9 Red Spot Paint and Varnish
14.3.10 Seagrave Coatings
14.3.11 AkzoNobel
