Radiation Cured Products Market
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong> - Global Industry<br />
Analysis, Size, Share, Growth, Trends and Forecast,<br />
2013 - 2019<br />
Published Date<br />
24-Feb-2014<br />
82 Page Report<br />
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Press Release<br />
<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong> to Exhibit 7.0% CAGR<br />
through 2019 with Infrastructure Boom in Developed Regions<br />
: TMR<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and<br />
Forecast, 2013 - 2019<br />
<strong>Radiation</strong> cured adhesives, inks, and coatings are increasingly in demand due to their desirable physical<br />
characteristics, quick curing and processing times, cost-effectiveness, and low VOC (volatile organic<br />
compound) content. <strong>Radiation</strong> cured products are widely used across various industries such as paper, wood,<br />
glass, and metal. The global radiation cured products market is expected to grow at a CAGR of 7% during the<br />
period between 2013 and 2019. The market was worth US$4,938.5 million in 2012 and with the positive<br />
growth, it is expected to reach a valuation of US$7,930.1 million by the end of 2019.<br />
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Enhanced Physical Qualities to Push Demand for <strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong><br />
<strong>Radiation</strong> curable formulations, used in adhesives, inks, and coatings, are cross-linked by electron beam<br />
energy resources or high-intensity ultraviolet light. As this process is environment friendly thanks to its low<br />
VOC emissions, various environmental regulations, such as the VOC Taxation and Clean Air Act in Europe,<br />
have led manufacturers to opt for the process.<strong>Radiation</strong> cured products are efficient in terms of cost and<br />
energy. For example, UV adhesives rapidly cure without heat compared to the traditional thermally curing<br />
adhesives, which take a much longer period to cure. The enhanced physical properties of radiation cured<br />
products are expected to push the growth of the global radiation cured products market. Also, the growing<br />
wood coatings market in countries such as China will propel the overall market.<br />
However, steep prices of raw materials such as acrylic polymers, UV oligomers, and photo initiators will<br />
negatively affect the overall market in the next couple of years. The global radiation cured products market has<br />
a huge opportunity to grow with the industry focusing on energy cured inks and high-value digital inks.<br />
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<strong>Radiation</strong> <strong>Cured</strong> Coatings Dominated Global <strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong> in 2012<br />
On the basis of product type, the global radiation cured products market has been segmented into radiation<br />
cured adhesives, radiation cured inks, and radiation cured coatings. In 2012, radiation cured coatings was the<br />
largest segment of the market, followed by radiation cured inks and adhesives.<br />
Asia Pacific Drove Global <strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong> in 2012<br />
Globally, the radiation cured products market has been segmented into four key regions: Europe, North<br />
America, Asia Pacific, and Rest of the World. In 2012, Asia Pacific and Europe emerged as the largest markets<br />
for radiation cured products. This was attributed to the growth of the wood coatings, textiles, semiconductors,<br />
and packaging industries in these regions. Around 40% of the global demand for radiation cured products was<br />
accounted for by Asia Pacific in 2012.<br />
Key Players in Global <strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
Some of the leading players in the global radiation cured products market are BASF SE, Ashland Inc.,<br />
Bayer Material Science AG, Dymax Corporation, DIC Corporation, Flint Group, Lord Corporation, Toyo Ink SC<br />
Holdings Co. Ltd., and PPG Industries Inc. Many of these players are also involved in the production of<br />
feedstock materials for radiation cured products. This has put them in an advantageous position as they do not<br />
depend on third parties for the procurement and supply of the raw materials.<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
TABLE OF CONTENT<br />
Chapter 1 Preface<br />
1.1 Report description<br />
1.2 <strong>Market</strong> segmentation<br />
1.2.1 Global RCP market, by product and region<br />
1.3 Research scope<br />
1.3.1 Assumptions<br />
1.4 Research methodology<br />
Chapter 2 Executive summary<br />
2.1 Global RCP market, 2012 – 2019 (Kilo Tons) (USD Million)<br />
Chapter 3 <strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong>: Industry Analysis<br />
3.1 Introduction<br />
3.2 Value chain analysis<br />
3.3 <strong>Market</strong> Drivers<br />
3.3.1 Stringent environmental regulations encouraging environment-friendly technologies<br />
3.3.2 North America carbon dioxide emissions for coating equivalent surface areas (Million MT)<br />
3.3.3 Production benefits and cost advantage offered by radiation cured technology<br />
3.3.4 North America annual energy usage for coating equivalent surface areas<br />
3.3.5 Growing wood coatings market<br />
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3.3.6 Global wood coatings market, 2012 - 2019 (Kilo Tons) (USD Million)<br />
3.4 Restraints<br />
3.4.1 Escalating raw material prices<br />
3.4.2 Stringent safe working environment requirements<br />
3.5 Opportunities<br />
3.5.1 Use of Bio-based material for RCP<br />
3.5.2 New product developments<br />
3.6 Porter’s five forces analysis<br />
3.6.1 Bargaining power of suppliers<br />
3.6.2 Bargaining power of buyers<br />
3.6.3 Threat of new entrants<br />
3.6.4 Threat from substitutes<br />
3.6.5 Degree of competition<br />
3.7 RCP: <strong>Market</strong> attractiveness analysis<br />
Chapter 4 Global RCP <strong>Market</strong>: Product Segment Analysis<br />
4.1 Global RCP market overview: by product type<br />
4.1.1 Global RCP market share, by product type, 2012 & 2019<br />
4.2 <strong>Radiation</strong> cured coatings<br />
4.2.1 Global radiation cured coatings market, 2012 - 2019 (Kilo Tons) (USD Million)<br />
4.3 <strong>Radiation</strong> cured inks<br />
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4.3.1 Global radiation cured inks market, 2012 - 2019 (Kilo Tons) (USD Million)<br />
4.4 <strong>Radiation</strong> cured adhesives<br />
4.4.1 Global radiation cured adhesives market, 2012 - 2019 (Kilo Tons) (USD Million)<br />
Chapter 5 Global RCP <strong>Market</strong>: Regional Analysis<br />
5.1 Global RCP market: Regional overview<br />
5.1.1 Global RCP market share, by region, 2012 – 2019<br />
5.2 North America<br />
5.2.1 North America RCP market volume, by product type, 2012 -2019 (Kilo Tons)<br />
5.2.2 North America RCP market revenue, by product type, 2012-2019 (USD Million)<br />
5.3 Europe<br />
5.3.1 Europe RCP market volume, by product type, 2012 -2019 (Kilo Tons)<br />
5.3.2 Europe RCP market revenue, by product type, 2012- 2019 (USD Million)<br />
5.4 Asia Pacific<br />
5.4.1 Asia Pacific RCP market volume, by product type, 2012 - 2019 (Kilo Tons)<br />
5.4.2 Asia Pacific RCP market revenue, by product type, 2012 -2019 (USD Million)<br />
5.5 Rest of the World (RoW)<br />
5.5.1 RoW RCP market volume, by product type, 2012 -2019 (Kilo Tons)<br />
5.5.2 RoW RCP market revenue, by product type, 2012 - 2019 (USD Million)<br />
Chapter 6 Company Profiles<br />
6.1 Ashland Inc.<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
6.1.1 Company overview<br />
6.1.2 Product Portfolio<br />
6.1.3 Financial overview<br />
6.1.4 Business strategy<br />
6.1.5 SWOT Analysis<br />
6.1.6 Recent developments<br />
6.2 BASF SE<br />
6.2.1 Company overview<br />
6.2.2 Product Portfolio<br />
6.2.3 Financial overview<br />
6.2.4 Business strategy<br />
6.2.5 SWOT Analysis<br />
6.2.6 Recent developments<br />
6.3 Bayer MaterialScience AG<br />
6.3.1 Company overview<br />
6.3.2 Product Portfolio<br />
6.3.3 Financial Overview<br />
6.3.4 Business strategy<br />
6.3.5 SWOT Analysis<br />
6.3.6 Recent developments<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
6.4 Cytec Industries Inc.<br />
6.4.1 Company overview<br />
6.4.2 Product Portfolio<br />
6.4.3 Financial overview<br />
6.4.4 Business strategy<br />
6.4.5 SWOT Analysis<br />
6.4.6 Recent developments<br />
6.5 Dexerials Corporation<br />
6.5.1 Company overview<br />
6.5.2 Product portfolio<br />
6.5.3 Financial overview<br />
6.5.4 Business strategy<br />
6.5.5 SWOT analysis<br />
6.5.6 Recent developments<br />
6.6 Dymax Corporation<br />
6.6.1 Company overview<br />
6.6.2 Product Portfolio<br />
6.6.3 Business strategy<br />
6.6.4 SWOT Analysis<br />
6.6.5 Recent developments<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
6.7 DIC Corporation<br />
6.7.1 Company overview<br />
6.7.2 Product Portfolio<br />
6.7.3 Financial Overview<br />
6.7.4 Business strategy<br />
6.7.5 SWOT Analysis<br />
6.7.6 Recent developments<br />
6.8 Electronics For Imaging Inc. (EFI)<br />
6.8.1 Company overview<br />
6.8.2 Product portfolio<br />
6.8.3 Financial overview<br />
6.8.4 Business strategy<br />
6.8.5 SWOT analysis<br />
6.8.6 Recent developments<br />
6.9 Flint Group<br />
6.9.1 Company overview<br />
6.9.2 Financial overview<br />
6.9.3 Business strategy<br />
6.9.4 1.4.4 SWOT analysis<br />
6.9.5 Recent developments<br />
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6.10 Fujifilm Sericol U.S.A Inc.<br />
6.10.1 Company overview<br />
6.10.2 Product portfolio<br />
6.10.3 Business strategy<br />
6.10.4 SWOT analysis<br />
6.10.5 Recent developments<br />
6.11 Lord Corporation<br />
6.11.1 Company overview<br />
6.11.2 Financial overview<br />
6.11.3 Business strategy<br />
6.11.4 SWOT analysis<br />
6.11.5 Recent Developments<br />
6.12 PPG Industries Inc.<br />
6.12.1 Company overview<br />
6.12.2 Product portfolio<br />
6.12.3 Financial overview<br />
6.12.4 Business strategy<br />
6.12.5 SWOT analysis<br />
6.12.6 Recent developments<br />
6.13 Red Spot Paint & Varnish Company Inc.<br />
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<strong>Radiation</strong> <strong>Cured</strong> <strong>Products</strong> <strong>Market</strong><br />
6.13.1 Company overview<br />
6.13.2 Product portfolio<br />
6.13.3 Business strategy<br />
6.13.4 SWOT analysis<br />
6.13.5 Recent developments<br />
6.14 Royal Adhesives & Sealants, LLC<br />
6.14.1 Company overview<br />
6.14.2 Product Portfolio<br />
6.14.3 Business strategy<br />
6.14.4 SWOT Analysis<br />
6.14.5 Recent developments<br />
6.15 Royal DSM N.V. Corporation<br />
6.15.1 Company overview<br />
6.15.2 Product portfolio<br />
6.15.3 Financial overview<br />
6.15.4 Business strategy<br />
6.15.5 SWOT analysis<br />
6.15.6 Recent developments<br />
6.16 Toyo Ink SC Holdings Co. Ltd.<br />
6.16.1 Company overview<br />
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6.16.2 Product portfolio<br />
6.16.3 Financial overview<br />
6.16.4 Business strategy<br />
6.16.5 SWOT analysis<br />
6.16.6 Recent developments<br />
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