UV Coatings Industry Outlook, Growth Prospects and Key Opportunities 2024
Growing electronics industry globally is expected to drive the UV coatings market. Currently UV coatings market is dominated by wood coatings product type. This trend is expected to remain same in the next few years due to increasing demand for wood coatings from its applications such as furniture, door skins, parquet etc.
Growing electronics industry globally is expected to drive the UV coatings market. Currently UV coatings market is dominated by wood coatings product type. This trend is expected to remain same in the next few years due to increasing demand for wood coatings from its applications such as furniture, door skins, parquet etc.
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<strong>UV</strong> <strong>Coatings</strong> Market - Global <strong>Industry</strong><br />
Analysis, Size, Share, <strong>Growth</strong>, Trends<br />
<strong>and</strong> Forecast 2016 - <strong>2024</strong><br />
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REPORT DESCRIPTION<br />
Global <strong>UV</strong> <strong>Coatings</strong> Market: Overview<br />
<strong>UV</strong> coatings are type of coatings that are cured with ultraviolet radiation. It can be deployed on various substrates<br />
such as inks, paper, glass, plastics <strong>and</strong> wood products. <strong>UV</strong> coatings market can be segmented based on composition<br />
as PU dispersions, monomers, photo initiators <strong>and</strong> oligomers. Based on type of coatings, the market can be<br />
segmented as paper coatings, over print varnish, display coatings, plastic coatings, conformal coatings <strong>and</strong> others.<br />
End-use industries of <strong>UV</strong> coatings are graphics, electronics, packaging <strong>and</strong> various other industries that use<br />
industrial coatings.<br />
Browse Market Research Report: http://www.transparencymarketresearch.com/uv-coatingsmarket.html<br />
Currently <strong>UV</strong> coatings market is dominated by wood coatings product type. This trend is expected to remain same in<br />
the next few years due to increasing dem<strong>and</strong> for wood coatings from its applications such as furniture, door skins,<br />
parquet, decorative panel <strong>and</strong> others. Wood coatings offer excellent strength <strong>and</strong> durability, hence is dem<strong>and</strong> is<br />
expected to remain high. Among the end-use industries type, industrial coatings occupies the largest share in the<br />
total <strong>UV</strong> coatings market. The growth rate of industrial coatings is expected to be the fastest as compared to other<br />
types.
Global <strong>UV</strong> <strong>Coatings</strong> Market: Drivers <strong>and</strong> Restraints<br />
Growing electronics industry globally is expected to drive the <strong>UV</strong> coatings market. Display coatings are the major<br />
type coatings used in the electronics across the globe. Rising disposable income <strong>and</strong> changing lifestyle in the<br />
developing countries is driving electronics industry across the globe. Additionally, internet of things is the new trend<br />
in the market that includes various electronic devices. These electronic devices use display coatings that are cured<br />
with ultraviolet. Furthermore, rising environmental awareness among consumer groups is expected to boost the <strong>UV</strong><br />
coatings market. Chemical curing method emits volatile organic compounds that are harmful to environment <strong>and</strong><br />
human health. <strong>UV</strong> curing of the coatings is photomechanical method of curing, hence does not involve any organic<br />
compounds in the curing process.<br />
However, availability of substitutes in the curing process is expected to hamper the <strong>UV</strong> coatings market. Chemical<br />
curing is among the strong competitor of <strong>UV</strong> curing process. Development of new products <strong>and</strong> applications is<br />
anticipated to provide immense opportunities for the players in the market. Additionally, development of bio-based<br />
<strong>UV</strong> coatings would open up an opportunity in the next few years.<br />
Get accurate market forecast <strong>and</strong> analysis on the <strong>UV</strong> <strong>Coatings</strong> market. Request a sample to stay<br />
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Global <strong>UV</strong> <strong>Coatings</strong> Market: Geographical Dynamics
Asia Pacific dominated the <strong>UV</strong> coatings market in terms of production <strong>and</strong> consumption. Burgeoning electronics<br />
industry due to high dem<strong>and</strong> for high performance electronics in the region is driving the <strong>UV</strong> coatings market. China<br />
is contributing highest to the dem<strong>and</strong> of <strong>UV</strong> coatings in the region. Europe followed Asia Pacific in terms of<br />
consumption. Dem<strong>and</strong> in the region is mainly for wood coatings, plastic coatings <strong>and</strong> paper coatings from industrial<br />
coatings industry. North America emerged as the third-largest market for <strong>UV</strong> coatings in terms of consumption. The<br />
dem<strong>and</strong> in the region is primarily driven by rising use of <strong>UV</strong> coatings in printing varnishes. Rest of the World is<br />
expected to exhibit strong growth in the <strong>UV</strong> coatings marketing due to rising dem<strong>and</strong> from electronics industry.<br />
Global <strong>UV</strong> <strong>Coatings</strong> Market: Competitive L<strong>and</strong>scape<br />
Global <strong>UV</strong> coatings market is moderately fragmented with major players having presence across the value chain.<br />
Players in the market adopt backward integration <strong>and</strong> strategic alliances as key strategies to sustain their market<br />
position in the <strong>UV</strong> coatings market.<br />
<strong>Key</strong> players in <strong>UV</strong> coatings market include The Dow Chemical Company, BASF SE, Akzonobel N.V., DIC Corporation,<br />
PPG Industries Inc., Dymax Corporation, Royal DSM N.V., Centexbel, Actega <strong>Coatings</strong> & Sealants, Eternal Chemical<br />
Co. Ltd., Axalta <strong>Coatings</strong> Systems, The Valspar Corporation, Ashl<strong>and</strong> Inc., Croda, Brilliant <strong>Coatings</strong> Solutions <strong>and</strong><br />
Soltech Ltd.
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