Global UV Curing Coatings Market 2017-2021

Overview of the global UV curing coatings market

Technavio's UV curing coatings market forecast identifies the improved performance and advantages of UV curing coatings as the major factors that will have a positive impact on the market's growth during the next few years. UV curing coatings act as a protective layer in metal coatings and conformal coatings and aids in the prevention of the fading of the top layer due to prolonged exposure to sunlight. UV curing coatings use UV radiation in the drying process since it does not use heat for curing process. Additionally, it also does not release harmful particles such as VOC or hydrocarbons. Technavio's UV curing coatings industry analysis predicts that this market will grow at a CAGR of more than 7% by 2021.

In terms of geographic regions, APAC accounted for the major share of the UV curing coatings market during 2016.  These UV coatings have a wide range of applications in the electronics industry and in the conformal coatings segment. The rising demand for printing inks and adhesives and the growing demand for conformal coatings, protective coatings, and coil coatings in selected countries of APAC, will enhance the production and consumption of UV curing coatings in this region.

What's your takeaway?

Technavio's industry research report on the global UV curing coatings market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the UV curing coatings market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The market appears to be highly competitive and has the presence of both local and international players. The vendors in the market compete based on factors such as product quality, price, and product differentiation. With the growing demand for end-user applications, will induce vendors in the UV coating market  to make huge investments.

The leading vendors in the market are -

• Akzo Nobel
• allnex
• Hitachi Chemical
• PPG Industries
• The Sherwin-Williams Company

The other prominent vendors in the market are Alberdingk Boley, Arkema, Ashland, Covestro, DSM, Dymax, Jainco Industry Chemicals, KEYLAND POLYMER MATERIAL SCIENCES, Protech Powder Coatings, TOAGOSEI, and Wanhua Chemical Group.

Segmentation by technology and analysis of the UV curing coatings market

• Water-based
• Powder- based

During 2016, the water- based UV curing coatings segment accounted for the major shares of this market. These coatings are mainly used in printed inks and graphic arts. Monomers, photo-initiators, wax, water, and additives are the important ingredients used in the production of water-based UV curing coatings.

Segmentation by chemical type and analysis of the UV curing coatings market

• Epoxy acrylates
• Polyester acrylates
• Urethane acrylates

The epoxy acrylate-based UV curing coatings segment accounted for the major share of the market during 2016. Owing to properties of epoxy acrylate and the wide applications of epoxy acrylate-based UV curing coatings in industrial coatings and wood coatings, this segment will continue to account for the major shares of this UV coatings market during the next few years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global UV curing coatings market?
• What are the key market trends impacting the growth of the global UV curing coatings market?
• What are the challenges to market growth?
• Who are the key vendors in the global UV curing coatings market?
• What are the market opportunities and threats faced by the vendors in the global UV curing coatings market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global UV curing coatings market? 

Technavio also offers customization on reports based on specific client requirement.

UV curing refers to a specific way of energy/radiation curing in which coatings and various product formulations are cured immediately by UV light source rather than using traditional methods, which are usually energy intensive and generate harmful emissions. This upcoming market research report on the  UV cured coatings market offers insights into the major trends and drivers influencing the growth of the chemicals and materials industry. Our reports for the chemical industry implements a unique method for data collection, which enables our industry experts to analyze fast growing market segments like paints, coatings, and pigments.

Further, to ensure precisely accurate forecasts, our industry experts implement an exhaustive research methodology of primary and secondary data collection methods and assess the rapidly evolving market landscape of the paints, coatings, and pigments sector. Few of the key approaches involved in this methodology are detailed vendor briefing, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size, surging demand for various segments of the paints, coatings, and pigments sector, the market research professionals at Technavio present an all-inclusive picture of the UV cured coatings market from 2017 to 2021.

Growing awareness to reduce volatile organic compounds (VOC) emissions and growth in end user industries are driving the growth of the UV cured coatings market. Furthermore, to help clients gain a better understanding, the market research report on the UV cured coatings market also covers vendors like AkzoNobel, Hitachi Chemicals Company Ltd, PPG, Sherwin-Williams, Axalta coatings, Seagrave Coatings, Ashland Coatings, Cardinal, Keyland Polymer, Dymax Corp., Watson Coatings, Master Bond Inc., and Jainco industry coatings.

The upcoming industry research report for the UV cured coatings market also categorizes the changing drivers, prominent trends, and the imminent restraints that the enterprise application sector currently experiences. This upcoming report on the UV cured coatings market presents insights into the rapidly changing competitive landscape to give clients a complete outlook of the forthcoming events within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as additives, adhesives, and sealants.

Our market research methodology for the UV cured coatings market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.