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Global UV Cured Coatings Market market By Composite - Monomers, Oligomers, Others By Product Type -Wood, Plastic, Overprints, Conformal Coatings, Others By Application - Industrial Coatings, Electronic Coatings, Graphic Arts By End-Use Industry - Automotive, Aerospace, Electrical & Electronics, Healthcare , Others Regional Outlook- North America, Europe, Asia Pacific, Latin America, Middle East & Africa Forecast - 2031
Type: PDF
Status: Syndicate
Categories: Chemicals And Materials
Report Code : MC2317791
No. of Pages : 350
A UV coating is a method in which surface treatment is cured by ultraviolet radiation, or which shields the underlying material from the hazardous effects of such radiation. UV coatings can be made up of 100 percent solids, which means they don’t comprise any volatile components that pollute the environment. As the high solids content, the coating can be placed in very thin sheets. UV coatings are available in a wide range of gloss levels. Furthermost traditional industrial coating uses, as well as silkscreen, can be used to apply UV coating.
UV curing, also identified as ultraviolet curing, is a photochemical technique that uses intense ultraviolet light to immediately cure or dry inks, adhesives, or coatings. Associated with conventional curing and drying techniques such as PVC coatings, UV coatings offer many benefits. UV curing coatings are generally used to enhance production efficiency and improve scratch and solvent resistance.
UV-cured coatings have higher efficiency in fewer time, with less waste, no environmental pollutants, and no loss of coating thickness. Substantial adoption of UV-cured coatings from several end-use industries such as automotive, telecommunications, glass and plastic decorations, and graphic arts is driving the development of the worldwide UV-cured coating marketplace.
The stringent environmental rules and rising awareness to decrease volatile organic compounds (VOC) emissions by accepting eco-friendly technologies such as UV-cured coatings have led to a high demand for UV-cured coating.
UV coatings are typically acts in over-print varnishes for scratch resistance, stain resistance, scuff resistance, and gloss enhancement on printed sheets and wood finishing. The substantial increase in public and private spending for infrastructure development, particularly for commercial and residential sectors of evolving economies, such as China, Japan, South Korea, India, and others bolster the demand in the global UV-cured coating marketplace.
The global market is expected to grow at a CAGR of XX% from 2021 to 2031 to reach USD XX billion by 2031.
Market Dynamics
Thriving Automotive Industry to boost UV-cured Coatings Market. The automobile sector is the main driver of the sharp increase in demand for UV-cured coatings. Due to their an exceptional physical endurance, these coatings are mainly use in the automobile Industry. These coatings are widely employed on a variety of automotive components, including body panels made of sheet moulding compound (SMC), exterior plastic components, and forward lights. Also, the substantial rise in the manufacturing of electric vehicles, owing to government favourable regulations and initiatives for electric vehicles is also bolstering the product market across the globe.
This UV-cured coatings are used in a numerous components used in manufacturing of electric vehicles, including engine components, exterior coatings, window coatings, and so on. The UV-cured coating is more usually used in electric vehicles likened to non-electric vehicles; owing to the need for UV, light refraction in an electric vehicle holds more important position and significance compared to non-electric vehicles. So, it is expected that the expansion, research and development of the automotive coatings industry will fuel demand for UV-cured coatings across the world.
The high cost of UV-cured coatings hampers the development of the marketplace. The UV-cured coatings market is expected to experience slow expansion over the course of the forecast period due to a number of significant reasons, including high equipment start-up costs, high UV-cured coating costs, and low product awareness. The developing economies of Asia Pacific and the Middle East and Africa have grown less adoption of these coatings, owing to their high cost, lack of awareness, and non-compliances with emission standards.
Government guidelines and concerns about pollution will provide an opportunity for UV-Cured Coatings Manufacturers. The increasing awareness about environmental pollution along with stringent government rules to control environmental pollution is predicted to provide lucrative opportunities for the growth of the global UV-cured coatings market during the forecast period. UV-cured coatings are free of pollutants like volatile organic compounds (VOC), making them an environmentally friendly product. Numerous government regulations against pollution (air and water) have prompted manufacturers to develop such environmentally friendly products.
According to the Environmental Protection Agency of India's Congressional Review Act (CRA), there is an act called CRA act 40 part 52 that states the list of volatile organic compounds that should be limited in use as well as the consequences of pollution caused by these pollutants. Then, during the course of the projection period, the aforementioned reasons are likely to upsurge demand for UV-cured coatings.
Composite Insights
The monomers segment held the major share in the UV-cured coatings marketplace in the year 2020. Monomers are low viscid materials, mostly containing of common esters of acrylic acid and simple multifunctional or mono-functional polyols. Monomers are non-flammable materials and have low volatility and odor. Monomers classically have more than one functional group which differentiates the properties of the group. Monomers help in providing certain advantages such as high-refraction and tough structure to the plastic which is one of the key leading factors of the monomers segment in the UV-cured coatings marketplace.
Product Insights
Based on Product, the market is split into Wood, Plastics, Overprints, Conformal Coatings, and Others. the wood coating held a foremost share to extend the marketplace because demand for wood coating is high in residential areas. Furthermore, the strong-growing usage of these coatings in the wood and furniture industries is serving to boom in the worldwide UV-cured coatings marketplace.
Application Insights
Based on Application, the market is separated into Industrial Coatings, Electronic Coatings, and Graphic Arts. Industrial segment has stacked further share as compared with other applications to fueling the development of the global UV-cured coatings market.
Additionally, electronic coatings segment is expected to show subnational growth in the forecast period. On account of high demand of electronics are expected to boost the segment growth in the forecast period.
End-Use Industry Insights
Automotive industry held the largest share in the UV-cured coatings market in the year 2020. Rapid development, industrial growth and the improved standard of living of the people in developing countries are contributing to the development of the automobile industry. The scenario of transport has drastically upgraded across the globe, which is leading to the development of the automobile segment. UV-cured coatings are used in various parts of the automobile sector such as the exterior plastic parts, forward lightings and window shielding which is enormously driving the development and usage of UV-cured coatings in the UV-cured coatings market.
Regional Insights
Asia-Pacific region held the largest share of 42% in the UV-cured coatings market in the year 2020 and expected to hold the largest share during the forecast period. Factors attributed to the growth include an increase in the growth of the electrical and electronics industry is driving the UV-cured coatings market in countries like India, China, Japan and South Korea.
UV-cured coatings are used for adhesive bonding, assembly, component marking, gasketing, coating, insulating and sealing in electronic products and the increased production of electronics is increasing the demand for UV-cured coatings in the Asia-Pacific region. This is one of the key factors driving the need and demand for UV-cured coating products in the Asia-Pacific Region.
Key Companies & Market Share Insights
The “Global UV-Cured Coatings Market” will deliver valuable insight with an emphasis on the worldwide marketplace. The main players in the market are. AkzoNobel, Ashland Coatings, Cardinal, Dymax, Jainco Industry Chemicals, Keyland Polymer, Master Bond, PPG Industries, Protech Powder Coatings, and Red Spot Paint & Varnish.
Global UV-Cured Coatings Market Key Segments:
Composite Outlook
- Monomers
- Oligomers
Product Outlook
- Wood
- Plastics
- Overprints
- Conformal Coatings
- Others
Application Outlook
- Industrial Coatings
- Electronic Coatings
- Graphic Arts
End-Use Industry Outlook:
- Automotive
- Aerospace
- Electrical & Electronics
- Healthcare
- Others
Regional Outlook
Regional Outlook
By Region:
- North America
- USA
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
-
Key Questions
- What is the projected market size & growth rate of the UV-Cured Coatings Market?
The global market is expected to grow at a CAGR of XX from 2021 to 2028 to reach USD XX billion by 2028.
- What are the key driving factors for the growth of the UV-Cured Coatings Market?
The Global UV-Cured Coatings Market is rapidly growing owing to the increased demand for UV-cured coating in various industries such as automotive and aerospace.
- What are the top players operating in the UV-Cured Coatings Market?
The major players are AkzoNobel, Ashland Coatings, Cardinal, Dymax, Jainco Industry Chemicals, Keyland Polymer, Master Bond.
- What segments are covered in the UV-Cured Coatings Market report?
The Global UV-Cured Coatings Market is Segmented on the basis of Product, composite Application, end-use industry and Geography.
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Table of Contents
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Executive Summary
Chapter 4. Market Analysis
4.1. Heat Map Analysis
4.2. Ansoff Matrix Analysis
4.3. Vendor Matrix
4.4. Industry trend
4.5. Industry News
4.6. Industry Policy
4.7. Government regulation
Chapter 5. Business Market Analysis
5.1. Demographic
5.2. Psychographic
5.3. Behavioral
5.4. Geographic
Chapter 6. PLC analysis
6.1. Introduction
6.2. Growth
6.3. Maturity
6.4. Decline
Chapter 7. 4Ps analysis
7.1. Introduction
7.2. Product
7.3. Price
7.4. Place
7.5. Promotion
Chapter 8. Market Dynamics
8.1. Market driver analysis
8.2. Market restraint analysis
8.3. Market Opportunity
8.4. Market Challenges
8.5. Impact analysis of COVID-19 on the UV-Cured Coatings market
Chapter 9. Market Variables and Outlook
9.1. SWOT Analysis
9.1.1. Strengths
9.1.2. Weaknesses
9.1.3. Opportunities
9.1.4. Threats
9.2. Supply Chain Analysis
9.3. PESTEL Analysis
9.3.1. Political Landscape
9.3.2. Economic Landscape
9.3.3. Social Landscape
9.3.4. Technological Landscape
9.3.5. Environmental Landscape
9.3.6. Legal Landscape
9.4. Porter’s Five Forces Analysis
9.4.1. Bargaining Power of Suppliers
9.4.2. Bargaining Power of Buyers
9.4.3. Threat of Substitute
9.4.4. Threat of New Entrant
9.4.5. Competitive Rivalry
Chapter 10. Impact Analysis of Covid-19 Outbreak on UV-Cured Coatings Market
10.1. Impact Analysis of Covid-19 Outbreak on UV-Cured Coatings Market
10.1.1. Direct Impact on Production
10.1.2. Supply Chain and Market Disruption
10.1.3. Financial Impact on Firms and Financial Markets
10.2. Covid-19 Impact Analysis by Production, Import, Export and Demand
10.3. UV-Cured Coatings Market: Pre-V/S Post Covid-19
10.4. Estimated Impact of The Coronavirus (Covid-19) Epidemic on The UV-Cured Coatings Market Size In 2021, By Scenario
10.5. Covid-19: Micro and Macro Factor Analysis on UV-Cured Coatings Market
10.6. Impact on Covid-19 on the basis of V, U, L and W analysis
10.6.1. UV-Cured Coatings Market on V analysis
10.6.2. UV-Cured Coatings Market on U analysis
10.6.3. UV-Cured Coatings Market on L analysis
10.6.4. UV-Cured Coatings Market on L analysis
Chapter 11. Value Chain Analysis
11.1. UV-Cured Coatings Raw Material Analysis
11.1.1. List of Raw Materials
11.1.2. UV-Cured Coatings Raw Material Manufactures List
11.1.3. Price Trend of UV-Cured Coatings Key Raw Materials
11.2. List of Potential Buyers
11.3. Marketing Channel
11.3.1. Direct Marketing
11.3.2. Indirect Marketing
11.3.3. Marketing Channel Development Trend
Chapter 12. UV-Cured Coatings Market: Composite Estimates & Trend Analysis
12.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
12.2. Incremental Growth Analysis and Infographic Presentation
12.2.1. Monomers
12.2.1.1. Market Size & Forecast, 2019-2031, USD Million
12.2.2. Oligomers
12.2.2.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 13. UV-Cured Coatings Market: Product Estimates & Trend Analysis
13.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
13.2. Incremental Growth Analysis and Infographic Presentation
13.2.1. Wood
13.2.1.1. Market Size & Forecast, 2019-2031, USD Million
13.2.2. Plastics
13.2.2.1. Market Size & Forecast, 2019-2031, USD Million
13.2.3. Overprints
13.2.3.1. Market Size & Forecast, 2019-2031, USD Million
13.2.4. Conformal Coatings
13.2.4.1. Market Size & Forecast, 2019-2031, USD Million
13.2.5. Others
13.2.5.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 14. UV-Cured Coatings Market: Application Estimates & Trend Analysis
14.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
14.2. Incremental Growth Analysis and Infographic Presentation
14.2.1. Industrial Coatings
14.2.1.1. Market Size & Forecast, 2019-2031, USD Million
14.2.2. Electronic Coatings
14.2.2.1. Market Size & Forecast, 2019-2031, USD Million
14.2.3. Graphic Arts
14.2.3.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 15. UV-Cured Coatings Market: End-Use Industry Estimates & Trend Analysis
15.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
15.2. Incremental Growth Analysis and Infographic Presentation
15.2.1. Automotive
15.2.1.1. Market Size & Forecast, 2019-2031, USD Million
15.2.2. Aerospace
15.2.2.1. Market Size & Forecast, 2019-2031, USD Million
15.2.3. Electrical & Electronics
15.2.3.1. Market Size & Forecast, 2019-2031, USD Million
15.2.4. Healthcare
15.2.4.1. Market Size & Forecast, 2019-2031, USD Million
15.2.5. Others
15.2.5.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 16. UV-Cured Coatings Market: Regional Estimates & Trend Analysis
16.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
16.2. Incremental Growth Analysis and Infographic Presentation
16.3. North America
16.3.1.1. Market Size & Forecast, 2019-2031, USD Million
16.4. Europe
16.4.1.1. Market Size & Forecast, 2019-2031, USD Million
16.5. Asia Pacific
16.5.1.1. Market Size & Forecast, 2019-2031, USD Million
16.6. Middle East & Africa
16.6.1.1. Market Size & Forecast, 2019-2031, USD Million
16.7. South America
16.7.1.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 17. UV-Cured Coatings Market: Country Estimates & Trend Analysis
17.1. UV-Cured Coatings Market value share and forecast, (2019 to 2031)
17.2. Incremental Growth Analysis and Infographic Presentation
17.3. U.S.
17.3.1.1. Market Size & Forecast, 2019-2031, USD Million
17.4. Canada
17.4.1.1. Market Size & Forecast, 2019-2031, USD Million
17.5. Mexico
17.5.1.1. Market Size & Forecast, 2019-2031, USD Million
17.6. UK
17.6.1.1. Market Size & Forecast, 2019-2031, USD Million
17.7. France
17.7.1.1. Market Size & Forecast, 2019-2031, USD Million
17.8. Germany
17.8.1.1. Market Size & Forecast, 2019-2031, USD Million
17.9. Russia
17.9.1.1. Market Size & Forecast, 2019-2031, USD Million
17.10. Italy
17.10.1.1. Market Size & Forecast, 2019-2031, USD Million
17.11. Spain
17.11.1.1. Market Size & Forecast, 2019-2031, USD Million
17.12. China
17.12.1.1. Market Size & Forecast, 2019-2031, USD Million
17.13. India
17.13.1.1. Market Size & Forecast, 2019-2031, USD Million
17.14. Japan
17.14.1.1. Market Size & Forecast, 2019-2031, USD Million
17.15. Indonesia
17.15.1.1. Market Size & Forecast, 2019-2031, USD Million
17.16. South Korea
17.16.1.1. Market Size & Forecast, 2019-2031, USD Million
17.17. Australia
17.17.1.1. Market Size & Forecast, 2019-2031, USD Million
17.18. Brazil
17.18.1.1. Market Size & Forecast, 2019-2031, USD Million
17.19. Argentina
17.19.1.1. Market Size & Forecast, 2019-2031, USD Million
17.20. Saudi Arabia
17.20.1.1. Market Size & Forecast, 2019-2031, USD Million
17.21. UAE
17.21.1.1. Market Size & Forecast, 2019-2031, USD Million
17.22. South Africa
17.22.1.1. Market Size & Forecast, 2019-2031, USD Million
Chapter 18. Competitive Landscape
18.1. Company Market Share Analysis
18.2. Vendor Landscape
18.3. Competition Dashboard
Chapter 19. Company Profiles
19.1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
19.1.1. AkzoNobel
19.1.1.1. Company Overview
19.1.1.2. Financial Performance
19.1.1.3. Product Benchmarking
19.1.1.4. Geographic Footprint
19.1.1.5. Strategic Initiatives
19.1.2. Ashland Coatings
19.1.2.1. Company Overview
19.1.2.2. Financial Performance
19.1.2.3. Product Benchmarking
19.1.2.4. Geographic Footprint
19.1.2.5. Strategic Initiatives
19.1.3. Cardinal
19.1.3.1. Company Overview
19.1.3.2. Financial Performance
19.1.3.3. Product Benchmarking
19.1.3.4. Geographic Footprint
19.1.3.5. Strategic Initiatives
19.1.4. Dymax
19.1.4.1. Company Overview
19.1.4.2. Financial Performance
19.1.4.3. Product Benchmarking
19.1.4.4. Geographic Footprint
19.1.4.5. Strategic Initiatives
19.1.5. Jainco Industry Chemicals
19.1.5.1. Company Overview
19.1.5.2. Financial Performance
19.1.5.3. Product Benchmarking
19.1.5.4. Geographic Footprint
19.1.5.5. Strategic Initiatives
19.1.6. Keyland Polymer
19.1.6.1. Company Overview
19.1.6.2. Financial Performance
19.1.6.3. Product Benchmarking
19.1.6.4. Geographic Footprint
19.1.6.5. Strategic Initiatives
19.1.7. Master Bond
19.1.7.1. Company Overview
19.1.7.2. Financial Performance
19.1.7.3. Product Benchmarking
19.1.7.4. Geographic Footprint
19.1.7.5. Strategic Initiatives
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