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Radiation Cured Products - Global Strategic Business Report

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    Report

  • 740 Pages
  • April 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 992782

Global Radiation Cured Products Market to Reach $11.7 Billion by 2030

The global market for Radiation Cured Products estimated at US$8 Billion in the year 2023, is projected to reach a revised size of US$11.7 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030.

Radiation Cured Coatings, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$6.8 Billion by the end of the analysis period. Growth in the Radiation Cured Inks segment is estimated at 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.2% CAGR

The Radiation Cured Products market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 104 Featured)

  • BASF SE
  • 3M Company
  • Dow Inc.
  • BASF Corporation
  • DIC Corporation
  • Altana AG
  • Covestro AG
  • Bordeaux Digital PrintInk Ltd.
  • ACTEGA GmbH
  • Allnex Belgium SA/NV
  • Chemence Inc.
  • Aptek Laboratories, Inc.
  • Atlantic Printing Ink Company
  • Chase Corporation
  • Creative Materials, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Radiation Curing Technology: A Conceptual Overview
  • Ultraviolet (UV) and Electron Beam (EB) Process
  • Components of Radiation Curable Formulations
  • Curing of UV/EB Materials
  • UV/EB Cured Materials
  • EB/UV Acrylate Resins
  • An Introduction to Radiation-Cured Products
  • End-Use Applications of Radiation Cured Products
  • UV Curable Inks for Screen Printing
  • Types of Radiation-Cured Products
  • Radiation-Cured Coatings
  • Advantages & Drawbacks of Radiation-Cured Coatings
  • UV-Curable Vs EB-Curable Coatings
  • Applications of Radiation Cured Coatings
  • Radiation-Cured Inks
  • Radiation-Cured Adhesives
  • UV-Curing Adhesive Systems
  • UV Laminating Adhesives
  • UV Pressure Sensitive Laminating Adhesives
  • UV Post-Curing Laminating Adhesives
  • EB-Curable Laminating Adhesives
  • Radiation-Curable Systems
  • Radiation-Cured Compositions
  • Radiation-Curable Systems Vs. Standard Aqueous/Solvent Systems
  • Benefits of Radiation-Curable Systems
  • Constraints Associated with Radiation-Curable Systems
  • Viscosity
  • Expanding Applications of Radiation Cured Products in Varied End-Use Industries Propel Market Growth
  • Radiation Cured Coatings: A Major Segment
  • Global Coatings Market by Product (in %) for 2023
  • Radiation-Cured Adhesives Market: STable Growth Ahead
  • Radiation-Cured Inks Market: Packaged Materials Fuel Demand
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Competition
  • Recent Market Activity
  • Radiation Cured Products - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • 3M Company (USA)
  • allnex (Germany)
  • Ashland Holdings, Inc. (USA)
  • BASF SE (Germany)
  • Covestro AG (Germany)
  • Dexerials Corporation (Japan)
  • DIC Corp. (Japan)
  • Sun Chemical Corp. (USA)
  • DYMAX Corp. (USA)
  • Evonik Industries AG (Germany)
  • Flint Group (Luxembourg)
  • FUJIFILM Speciality Ink Systems Ltd. (UK)
  • Momentive (USA)
  • PPG Industries, Inc. (USA)
  • Red Spot Paint & Varnish Company, Inc. (USA)
  • Royal DSM N.V. (Netherlands)
  • Sartomer (France)
  • Toyo Ink Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
  • Rising Demand for Wood Coatings Propels Growth in Radiation Cured Products Market
  • Global Wood Coatings Market Revenues in $ Billion for 2019, 2021, 2023 and 2025
  • Global Wood Coatings Market by Technology (in %) for 2019 and 2025
  • Rising Demand for Furniture Wood Coatings Spurs Market Growth
  • Radiation-Cured Products Market Poised to Benefit from the Burgeoning Food & Non-Food Packaging Industry
  • Strong Growth in Food Packaging Sector Holds Promise for Radiation-Cured Products Market
  • Food Packaging Market Worldwide: Revenues in US$ Billion for 2019, 2021, 2023 and 2025
  • Auto Industry Benefits from Superior Properties of Radiation Curable Coatings
  • Automotive Coatings Market Revenues in $ Billion for the Years 2019, 2021, 2023 and 2025
  • Automobile Production Trends to Drive Positive Gains for Radcure Coatings Market
  • Global Passenger Car Production (In Million Units) by Geographic Region/Country for the Years 2010, 2016, 2020, and 2024
  • Global Passenger Car Sales (In Million Units) for the Years 2010-2024
  • Hybrid Cure Process for Radiation Cured Coatings Gains Prominence in Auto Industry
  • Energy-Curable Coatings: Substitutes to 1K and 2K Coatings in Auto Interiors
  • UV/EB for Protective Coatings Used in Automotive Interiors
  • Enhanced Scratch, Abrasion and Chemical Resistance
  • Superior Crème Resistance and Low haze after Abrasion
  • Fast Weathering
  • UV/EB for Functional Coatings
  • UV/EB for IMD Applications and Coatings
  • Industrial Metal Applications Present Opportunities for Radiation-Cured Coatings
  • Innovations Focus on Addressing Impediments to Adoption of Rad Cured Coatings in Industrial Metal Applications
  • UV-Cured Coatings Market: Auto and Wood Finishing Sectors Drive Demand
  • Wood Coatings and Metal Packaging Applications Drive Demand for UV Cured Coatings
  • UV LED Curing Gains Traction
  • Global UV Curing Market by Lamp Technology (in %): 2023
  • UV LED Inks Attracting Industry Attention
  • Expanding Applications of UV Cured Coatings
  • Issues Related to Development of Solutions for UV/EB Coating Applications
  • Printed Electronics: A High Growth Market for Radiation Cured Coatings
  • Global Printed Electronics Market in US$ Billion for 2019, 2021, 2023 and 2025
  • UV Cured Polymer-Based Smart Materials Emerge as SuiTable Options for Additive Manufacturing
  • UV Cured Technology Holds Significance in the Pressure-Sensitive Adhesive Market
  • Pressure Sensitive Adhesives Market by Technology in % for 2019
  • Cationic Photoinitiators: Preferable Component over Free Radical Photoinitiators
  • UV Cured Powder Coatings Emerge Victorious in Eco-Friendly Race
  • UV Curable Adhesives Grow in Importance for the Medical Arena
  • A Peek at Advances in UV and EB Curing Print Market
  • Advanced Chemistry: The Advent of Acrylated Allophanate Oligomers
  • UV Inkjet and UV Flexo Inks Overthrow Offset Inks
  • Paper Industry Customers Demand Deinkable Radiation Cured Inks
  • Positive Growth Outlook for Construction Activity to Aid Radiation Cured Products Market
  • Projected Increase in Construction Investments Favors Roofing Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • PorTable Equipment Enables On-site Field UV Curing
  • Ballooning Global Population and Exponential Rise in Urban Dwellers Support Demand for Radcure Products
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Rising Raw Material Prices Challenge Radiation-Cured Products Market
  • Variable Energy Levels of Lamps: A Major Quality Issue
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Coatings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Coatings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Inks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Inks by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Inks by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Adhesives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Adhesives by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Adhesives by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Wood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Wood by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Wood by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Paper by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Glass by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Glass by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Glass by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Metal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Radiation Cured Products Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Radiation Cured Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Radiation Cured Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Radiation Cured Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Environmental Concerns Accelerate Radcure Coatings Adoption
  • Growing Demand for Eco-friendly Wood Coatings
  • Radcure Inks: A Lucrative Market
  • Uptrend in Construction Activity to Support Demand for Radiation-Cured Products
  • Construction Industry in the US by Sector (2017-2023): Breakdown of Value (US$ Million) for Residential Buildings, Non-Residential Buildings, and Non-Building Structures
  • Residential Construction in the US: Number of Housing Starts (in Thousand Units) for Single-Family Units and Multi-Family Units for the Period 2010-2023
  • Construction Industry in the US: Annual Value of Construction Put in Place (in US$ Billion) during the Period 2014-2023
  • Steady Improvements in Auto Industry Outlook: Opportunity for Radcure Market
CANADA
  • Positive Scenario in Construction Industry Augurs Well for Radcure Market
  • Residential Construction Sector in Canada: Number of Housing Starts in Thousand Units for the Period 2012-2023
  • Non-Residential Construction Sector in Canada: Capital Expenditure in US$ Billion for the Years 2012 through 2023
  • Market Set to Benefit from Improving Auto Industry Outlook
  • Rising Demand for Adhesives: Potential for Radcure Products Market
JAPAN
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Radiation Cured Products Market in Japan: An Overview
CHINA
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China Continues to Witness High Demand for Radiation Cured Products
  • Segment Analysis
  • An Overview of Construction Industry
  • Chinese Construction Output Growth Rate (in %) for the Years 2015 through 2023
  • Continued Rise in Vehicles Demand Remains Critical to Market Growth
EUROPE
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Wood Coatings: A Major Market for Rad Cured Products Market in Europe
  • Increasing Demand for Radiation-cured Inks in Food Packaging
  • Photoimaging Poses Threat to UV Coatings
  • An Overview of Select End-Use Markets
  • Automotive Industry
FRANCE
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • High Growth Economies Spur Radcure Technology Growth
  • Encouraging Construction Activity in Asia Bodes Well for the Market
  • Huge Domestic Automotive Production
  • UV-Cured Coatings in Asia-Pacific Poised for High Growth
  • Increasing Demand from the Printing Industry
  • Furniture and Wood Industry Drives Increased Consumption
  • Rising Popularity of UV-Curable Inkjets
AUSTRALIA
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Expanding Furniture Market Signals Prospects for Wood Coatings
  • Vibrancy in the Construction Sector Offers a Bright Outlook
  • Indian Construction Industry Output (in US$ Billion) for the Years 2017, 2019, 2021 and 2023
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Fiscal Pressures and Policy Uncertainty Weakens Construction Activity in Latin America
  • Overview of Automobile Industry
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Large Scale Construction Projects Continue to Drive Demand
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Radiation Cured Products Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • 3M Company
  • Dow Inc.
  • BASF Corporation
  • DIC Corporation
  • Altana AG
  • Covestro AG
  • Bordeaux Digital PrintInk Ltd.
  • ACTEGA GmbH
  • Allnex Belgium SA/NV
  • Chemence Inc.
  • Aptek Laboratories, Inc.
  • Atlantic Printing Ink Company
  • Chase Corporation
  • Creative Materials, Inc.

Table Information