Radiation Curable Coatings Market Trends, Growth, Research Report 2022-2027

Radiation Curable Coatings

According to the latest report by IMARC Group “Radiation Curable Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global radiation curable coatings market reached a value of US$ 7.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027.

Radiation curable coatings are cured using high-intensity radiation from visible light, ultraviolet (UV) radiation, or low-energy electron beams (EB). They have a long shelf life, enhance surface properties, offer optimum efficiency with low energy consumption, and provide resistance against scratch, corrosion, and chemicals. They also help improve the durability, functionality, and aesthetic appeal of products made from paper, wood, plastic, glass, and metal.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends:

The growing construction industry is catalyzing the demand for radiation-curable coating products with consistent quality, superior abrasion resistance, and rapid drying advantages. Besides this, radiation-curable coatings are gaining traction in making automated household electrical appliances, such as refrigerators, washing machines, ovens, microwaves, and dishwashers. Furthermore, the burgeoning automotive industry is driving the demand for these coatings to manufacture scratch-resistant keyboards, key panels, gear levers, and infotainment systems. Moreover, increasing investments in the introduction of bio-based materials are anticipated to offer lucrative growth opportunities to industry players.

Breakup by Ingredient:

  • Oligomers
  • Monomers
  • Photoinitiators
  • Additives

Breakup by Type:

  • Ultraviolet Curing
  • Electron Beam Curing

Breakup by Application:

  • Paper and Film
  • Printing Inks
  • Plastics
  • Wood
  • Glass
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 3M Company
  • Akzo Nobel N.V.
  • Allnex (PTT Global Chemical Public Company Limited)
  • Ashland Global Specialty Chemicals Inc.
  • Axalta Coating Systems Ltd.
  • DIC Corporation
  • Dymax Corporation
  • Evonik Industries AG
  • Momentive Performance Materials Inc.
  • PPG Industries Inc.
  • The Sherwin-Williams Company.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/radiation-curable-coatings-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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