Market Overview:
The global UV curing paints market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for UV curing paints in various applications, such as industrial coatings, electronic coatings, and graphic arts. In addition, the growing demand for environmentally friendly and low-VOC (Volatile Organic Compounds) products is also contributing to the growth of this market. The global UV curing paints market can be segmented on the basis of type into epoxy acrylates, polyester acrylates, urethane acrylates, and others. On the basis of application, it can be divided into industrial coatings, electronic coatings,, graphic arts,, and others). The industrial coating segment is expected to account for a major share in terms of revenue in 2018 owing to its high adoption across various industries such as automotive & transportation,, construction,, general manufacturing,. etc.
Product Definition:
UV curing is a process of using ultraviolet radiation to initiate and complete the curing of paint, ink, adhesives and other polymer-based materials. The irradiation causes chemical changes in the material that result in a hard, durable finish.
Epoxy Acrylates:
Epoxy acrylates is a polymer with high molecular weight that contains one or more epoxide groups. It is produced by reacting ethylene oxide with acrylonitrile in the presence of oxygen and ammonia. Epoxy acrylates are used as adhesives for polyurethanes, paints & coatings, elastomers & plastics and rubber tires.
Polyester Acrylates:
Polyester acrylates is a type of acrylic polymer. It is soluble in water, has a slightly sweet odor, and shows good resistance to acids and alkalis. Polyester acrylates are used as adhesives for various applications such as wood panels manufacturing, automotive interiors & exteriors (vinyl sidings), ceramic tiles manufacturing; it also finds application in the textile industry where it is used for permanent press fabrics (cotton/polyester).
Application Insights:
The industrial coatings application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for metal, wood, plastic and ceramic coating from various end-use industries such as transportation & automotive, construction and consumer goods.
Epoxy acrylates are used for industrial applications as they offer high resistance against chemicals, heat & cold while exhibiting flexibility in case of temperature changes during winters or summers. These paints also have excellent adhesion properties towards substrates like metals & glass which makes them suitable for use on ships or boats that are made up mostly of composite materials such as fiberglass or aluminum alloys.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of global production and consumption of UV curable paints. This can be attributed to growing demand from end-use industries such as industrial, electronic, architectural, marine among others.
The growth in Asia Pacific is mainly driven by China which accounted for a share of more than 20% in 2016 owing to high product penetration coupled with rapid expansion of end-use industries within the country. In addition, increasing foreign investments coupled with favorable government policies are anticipated to boost regional growth over the forecast period.
Europe emerged as one of the major consumers due to high acceptance level towards sustainable construction along with rising demand from other regions such as North America.
Growth Factors:
- Increasing demand for UV curing paints from the automotive and aerospace industries due to their high performance and durability.
- Growing popularity of UV curing paints in the construction industry as they offer faster drying times, improved finish, and reduced emissions.
- Rising demand for UV curing paints in the graphic arts industry as they provide superior gloss and color intensity compared to traditional solvent-based systems.
- Increasing use of UV curing paints in medical device manufacturing as they are non-toxic and help reduce manufacturing time by 50%. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
UV Curing Paints Market Research Report
By Type
Epoxy Acrylates, Polyester Acrylates, Urethane Acrylates, Others
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global UV Curing Paints Market Report Segments:
The global UV Curing Paints market is segmented on the basis of:
Types
Epoxy Acrylates, Polyester Acrylates, Urethane Acrylates, 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
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 UV Curing Paints 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 Acrylates
- Polyester Acrylates
- Urethane Acrylates
- Others
- 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 UV Curing Paints 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:
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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?
UV curing paints are a type of paint that use ultraviolet light to cure the paint. This process makes the paint harder and more durable than traditional paints.
Some of the major companies in the uv curing paints 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 uv curing paints market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV Curing Paints 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 Curing Paints Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 UV Curing Paints 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 Curing Paints 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 Curing Paints Market Size & Forecast, 2020-2028 4.5.1 UV Curing Paints Market Size and Y-o-Y Growth 4.5.2 UV Curing Paints 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 Epoxy Acrylates
5.2.2 Polyester Acrylates
5.2.3 Urethane Acrylates
5.2.4 Others
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 UV Curing Paints 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 Curing Paints 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 Epoxy Acrylates
9.6.2 Polyester Acrylates
9.6.3 Urethane Acrylates
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 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 Epoxy Acrylates
10.6.2 Polyester Acrylates
10.6.3 Urethane Acrylates
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 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 Epoxy Acrylates
11.6.2 Polyester Acrylates
11.6.3 Urethane Acrylates
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 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 Epoxy Acrylates
12.6.2 Polyester Acrylates
12.6.3 Urethane Acrylates
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 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 Epoxy Acrylates
13.6.2 Polyester Acrylates
13.6.3 Urethane Acrylates
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) 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 UV Curing Paints Market: Competitive Dashboard
14.2 Global UV Curing Paints 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