UV Coatings Market is Forecasted to Grow at a Rate of 10.7% By 2027 | Reports and Data
Reports and Data estimates the global UV Coatings competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global UV Coatings during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Akzonobel N.V, Royal DSM N.V, PPG Industries Inc, BASF SE, Sherwin-Williams Company, Valspar Corporation, Axalta Coatings Systems, Dymax Corporation, Eternal Chemical Co. Ltd and DIC Corporation
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UV monomers are vital components in the formulation of UV coatings, inks, and adhesives due to their fast reactivity. UV acrylate monomers provides the formulator the flexibility to create formulations with unique chemistries in achieving variation in properties like cure speed, adhesion, hardness, scratch resistance, and many other high-performance characteristics.
End-user industry Outlook:
The Industrial coatings user on the UV coatings market is significantly higher than that of the electrical industry. The growing graphic arts & industrial applications such as wood, plastic, conformal, display, and paper coatings expected to complement market growth. Niche applications and low price competitiveness may hamper market growth in the upcoming future. Newer small capacity markets coupled with wider and greener UV coatings applications offer promising opportunities to the market participants over the forecast period.
The wood coatings will be the highest form of coatings used in the future. The UV coatings market, has witnessed significant growth in recent years. Thus, growth is estimated to continue in the coming years. The increase in the UV coatings market is expected to grow considerably in the next five years, using radiation-cured technology to prevent air pollution in China. Thus air pollution prevention and a treatment action plan need to monitor air pollution soon. This high growth in demand for UV coatings is majorly due to its high performance and excellent environmental & safety profile.
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For the purpose of this report Reports and Data has segmented global UV Coatings market on the basis of type, application, and region:
Composition Outlook (Revenue, USD Billion; 2017-2027)
- PU Dispersion
End-User Industry Outlook (Revenue, USD Billion; 2017-2027)
- Electronics Industry
- Graphic Arts
- Industrial Coatings
Type Outlook (Revenue, USD Billion; 2017-2027)
- Wood Coatings
- Plastic coatings
- Conformal coatings
- Display coatings
- Paper Coatings
- Over Print Varnish
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the UV Coatings during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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