Enjoy complimentary customisation on priority with our Enterprise License!
The UV-cured powder coatings market size is forecast to increase by USD 4.19 billion at a CAGR of 9% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The UV-cured powder coatings industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The furniture segment is estimated to witness significant growth during the forecast period. UV-cured powder coatings offer a cost-effective and high-quality finish for various substrates, including wood. The coating process begins with the substrate being conveyed through a powder booth, where electrostatically charged powder particles adhere to its surface. After the initial layer is applied, the substrate is heated in a curing oven, allowing the powder to melt and form a protective film. This film thickens and solidifies, bonding strongly to the substrate. The curing process, which involves exposing the molten film to UV radiation, takes approximately 30-150 seconds. Powder coatings offer numerous benefits, such as chemical resistance, UV stability, and excellent adhesion strength. Sustainable manufacturing practices and powder recycling are essential aspects of the industry's future growth.
Different types of powder coatings are available, including acrylic, urethane acrylate, epoxy, and fire retardant formulations. These coatings can be formulated to provide anti-static, anti-graffiti, anti-fouling, and corrosion protection. Surface preparation plays a crucial role in the success of the coating process. Proper cleaning, sanding, and priming are essential to ensure good adhesion and a smooth, even finish. VOC emissions from traditional wet coatings are a concern for environmental regulations, making powder coatings an attractive alternative due to their low or zero VOC content. Market players are focusing on developing UV-cured powder coatings with enhanced properties, such as anti-microbial properties, moisture resistance, and UV resistance, to cater to evolving customer demands.
They are widely used in various industries and can be applied to various substrates. The coating process involves electrostatic spraying, curing in a heated oven, and UV radiation exposure. Proper surface preparation and the use of recyclable powders contribute to the efficiency and sustainability of the process. The versatility and performance of UV-cured powder coatings make them an attractive alternative to traditional wet coatings. In addition, the oil and gas industry, including refineries, gas processing plants, and offshore drilling platforms, requires concentrated fire protection solutions to ensure safety and comply with regulations. Furthermore, the introduction of natural wood coating applications using UV-cured powder coatings adds to the market's potential, as it caters to the growing demand for eco-friendly and sustainable solutions.
The Furniture segment was valued at USD 3.33 billion in 2019 and showed a gradual increase during the forecast period.
Recyclable powders are another advantage of UV-cured powder coatings. The excess powder that doesn't adhere to the substrate during the application process can be collected and reused, reducing waste and minimizing production costs. UV curing technology enables faster curing times compared to conventional thermal curing methods, making it a more efficient and cost-effective solution for large-scale production. UV-cured powder coatings can be applied to a wide range of substrates, including metal, plastic, and wood. They offer excellent weather resistance, abrasion resistance, and surface protection. The coatings can be formulated to provide different gloss levels, from matte to high gloss, and various colors can be achieved through pigment dispersion.
Sustainable coatings, such as those made from bio-based resins, are gaining popularity due to their environmental benefits. These coatings offer similar performance to traditional coatings but have a lower carbon footprint. Color matching and consistency are essential factors in the coatings industry, and UV-cured powder coatings provide excellent color accuracy and uniformity. Safety protocols are essential in the application of UV-cured powder coatings. Workers should be trained on proper handling procedures and the use of personal protective equipment. UV radiation exposure can be harmful, so appropriate safety measures should be taken during the curing process. UV-cured powder coatings offer numerous advantages, including cost-effectiveness, high-quality finishes, and environmental benefits. Fire protection coatings are used on various surfaces, including steel, concrete, and wood.
The UV-Cured Powder Coatings Market is evolving rapidly with increasing demand for environmental-friendly products and energy-efficient solutions. These coatings offer deep cure depth, enabling faster batch curing processes and reduced production time. Integration with industrial automation enhances throughput and consistency, making it ideal for large-scale applications. Precision quality control systems ensure adherence to stringent compliance standards, driving confidence in coating performance. Widely used in industrial coatings and automotive coatings, UV-cured powders deliver superior adhesion, durability, and aesthetic finishes while minimizing VOC emissions.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth in Asia Pacific (APAC), with China, Japan, and India being the major revenue generators. This can be attributed to the thriving electronics and transportation sectors in these countries. The industrial coating, appliances, and building materials application segments are driving the market in APAC due to the increasing demand for UV-cured powder coatings. Moreover, stringent government norms and policies aimed at reducing emissions from hydrocarbons and other pollutants have led to a shift towards UV-cured powder coatings. The market share of waterborne and solvent-coating products has decreased due to government regulations, thereby increasing the market share for UV-cured powder coatings.
The market's evolution is also influenced by the growing preference for sustainable coatings, including anti-static, anti-graffiti, and anti-fouling coatings, as well as fire retardant and corrosion-resistant coatings. These coatings offer advantages such as chemical resistance, UV stability, and film thickness, making them suitable for various industries, including furniture and woodworking, metal coatings, and plastic substrates. The use of UV curing equipment, such as LED curing, has streamlined the curing process and reduced curing time. Additionally, the market's focus on safety protocols and aesthetic appeal has led to the development of green coatings with high gloss levels and improved adhesion strength.
The market's future trends include the use of bio-based resins, recyclable powders, and powder application through conveyor systems. The market's evolution is shaped by the need for emission standards compliance and weather resistance, abrasion resistance, and surface protection. Waterborne coatings, which use water as a solvent, are gaining popularity due to their eco-friendly nature and suitability for sensitive environments such as hospitals, schools, and residential buildings.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The UV-cured powder coatings market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the UV-cured powder coatings market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, uv-cured powder coatings market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Akzo Nobel NV - The company specializes in UV-cured powder coatings, catering to a wide range of industries including automotive, architectural and construction (ACE), appliances, agriculture, general industrial applications, functional components, furniture, and information technology.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by the diverse applications across various sectors. Furniture coatings and woodworking industries increasingly adopt these coatings for their sustainable and weather-resistant properties. Sustainable coatings, including bio-based resins, are gaining popularity due to their environmental impact reduction. UV-cured powder coatings offer superior adhesion strength and corrosion resistance for metal substrates in the construction and metal coatings market. Plastic substrates also benefit from the abrasion resistance and surface protection these coatings provide. UV curing technology, such as LED curing and powder application through conveyor systems, streamlines production processes and enhances the aesthetic appeal of glossy finishes.
The market's continuous development includes the formulation of powder coatings with chemical resistance, UV stability, and film thickness control. Environmental concerns have led to the emergence of recyclable powders and emission standards compliance. UV curing equipment advances, like curing ovens and powder recovery systems, optimize energy usage and reduce VOC emissions. The market's evolution extends to the development of specialized coatings, such as fire retardant, anti-static, anti-graffiti, and UV stability enhancements. Applications in aerospace, automotive, and appliance industries demonstrate the versatility of UV-cured powder coatings. Surface preparation plays a crucial role in the success of powder coatings, with electrostatic spray and pigment dispersion techniques ensuring optimal adhesion.
UV intensity and curing time are essential factors in the process, with ongoing research focusing on improving these aspects for enhanced performance. In the furniture and woodworking industries, UV-cured powder coatings provide excellent weather resistance and adhesion strength, making them an attractive alternative to traditional coatings. Wood substrates benefit from the UV stability and cracking defect reduction offered by these coatings. Polyester resin and epoxy resin-based powder coatings cater to diverse industries, offering advantages like high UV stability, excellent chemical resistance, and improved surface preparation techniques. Safety protocols and color matching systems further ensure a seamless application process.
Green coatings and low-VOC formulations are becoming increasingly important, with the market focusing on the development of UV-cured powder coatings that meet these requirements. The ongoing unfolding of market activities and evolving patterns underscores the continuous dynamism of the market. The UV-Cured Powder Coatings Market is gaining momentum due to eco-friendly trends and superior finish quality. At the heart lies advanced powder coating formulation, combining epoxy resin, acrylic resin, and urethanes acrylates for performance and durability. Curing with a UV lamp ensures rapid processing and energy efficiency. Application techniques like fluidized bed coating and integration with conveyor systems streamline production. These coatings serve diverse sectors, including automotive coatings, aerospace coatings, and construction coatings. Specialty options like antigraffiti coatings, fire retardant coatings, and antistatic coatings address niche demands. Manufacturers also offer finishes from matte to glossy finish, alongside innovations in waterborne coatings for lower VOC emissions.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled UV-Cured Powder Coatings Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
234 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
|
Market growth 2025-2029 |
USD 4.19 billion |
|
Market structure |
Fragmented |
|
YoY growth 2024-2025(%) |
8.0 |
|
Key countries |
China, US, Japan, India, Canada, Germany, South Korea, Russia, Australia, and France |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this uv-cured powder coatings market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Market Segmentation by Technology
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
