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UV-Curable Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region

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    Report

  • 220 Pages
  • July 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5847396
Description Jump to:
UV-curable coatings are composed of oligomers, liquid monomers, and photoinitiators, offering protection, enhancement, and durability to printed materials. Recent advancements in UV curing technology have expanded its field applications, including concrete floor coating, wood floor coating, vinyl floor coating, countertop coating, and tub coating. Furthermore, UV technologies are gaining prominence in metal coatings used in industries such as automotive, furniture, and marble & granite. The expanding electronics sector is also expected to drive the demand for UV coatings, contributing to the growth of the UV-curable coatings market.

Growing Demand for Environmentally-Friendly Coatings Boosts the UV-Curable Coatings Market

In response to the adverse effects of climate change, industries are adopting eco-friendly methods and complying with environmental regulations. The coatings industry is witnessing a rise in green coatings, offering higher performance and advantages over traditional hazardous paints. UV-curable wooden coatings, in particular, are gaining popularity due to their visual appeal and surface protection properties. Both residential and non-residential applications extensively use wood treatments, leading to significant growth opportunities in the global UV-curable coatings market.

Monomers Play a Key Role in the UV-Curable Coatings Market

Monomers, non-flammable and low-volatile substances, are essential components in UV formulations as diluents. They contain UV-curable groups and offer various properties based on the number of curable groups present. Acrylic groups are commonly used in monomers. Manufacturers are increasingly favoring monomers due to their benefits, including high refraction and a robust structure. These trends contribute to the positive growth outlook for the UV-curable coatings market.

Asia Pacific Emerges as a Leading Region in the UV-Curable Coatings Market

Asia Pacific is expected to hold a significant share in the UV-curable coatings market, driven by rapid industrialization and the growing manufacturing sector in the region. India's market for UV-cured coatings is projected to witness substantial growth. Strict government policies promoting eco-friendly products will encourage innovation and improvements in the sector. China, being the largest producer of automobiles, along with its growing aviation sector, will further drive the demand for UV-cured coatings in the region.

Key Players in the UV-Curable Coatings Market

Prominent global players in the UV-curable coatings market include Dymax Corporation, Royal DSM N.V., PPG Industries Inc., BASF SE, Eternal Chemical Co. Ltd., Akzo Nobel N.V., DIC Corporation, The Sherwin-Williams Company, Axalta Coatings System, and Croda International Plc. These companies contribute to the market through their innovative solutions and strong presence in the industry.

Table of Contents

1. Executive Summary
1.1. Global UV Curable Coatings Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Increasing environmental awareness/compliance and demand for low VOC, fast curing, and energy saving coatings from the end-users
2.2.1.2. Rise in usage of UV curable coatings from Automotive and Electronics Industry owing to the batter performance and longevity
2.2.2. Restraints
2.2.2.1. Attaining adhesion on certain substrates is a challenge, thus affecting the growth prospect in certain markets
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2019 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Oligomer
4.4. By Region
5. Global UV Curable Coatings Market Outlook, 2019 - 2030
5.1. Global UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Epoxy Acrylates
5.1.1.2. Urethane Acrylates
5.1.1.3. Acrylic Acrylates
5.1.1.4. Silicone Acrylates
5.1.1.5. Polyester Acrylates
5.1.1.6. Misc. (Polyether, etc.)
5.2. Global UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Water-based
5.2.1.2. Solvent-based
5.2.1.3. Powder
5.3. Global UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. Wood & Furniture
5.3.1.2. Electronics
5.3.1.3. Automotive
5.3.1.4. Graphic Art
5.3.1.5. Paper & Packaging
5.3.1.6. Industrial Coatings
5.3.1.7. Misc. (Aerospace, etc.)
5.4. Global UV Curable Coatings Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. North America UV Curable Coatings Market Outlook, 2019 - 2030
6.1. North America UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Epoxy Acrylates
6.1.1.2. Urethane Acrylates
6.1.1.3. Acrylic Acrylates
6.1.1.4. Silicone Acrylates
6.1.1.5. Polyester Acrylates
6.1.1.6. Misc. (Polyether, etc.)
6.2. North America UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Water-based
6.2.1.2. Solvent-based
6.2.1.3. Powder
6.3. North America UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. Wood & Furniture
6.3.1.2. Electronics
6.3.1.3. Automotive
6.3.1.4. Graphic Art
6.3.1.5. Paper & Packaging
6.3.1.6. Industrial Coatings
6.3.1.7. Misc. (Aerospace, etc.)
6.4. North America UV Curable Coatings Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Europe UV Curable Coatings Market Outlook, 2019 - 2030
7.1. Europe UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Epoxy Acrylates
7.1.1.2. Urethane Acrylates
7.1.1.3. Acrylic Acrylates
7.1.1.4. Silicone Acrylates
7.1.1.5. Polyester Acrylates
7.1.1.6. Misc. (Polyether, etc.)
7.2. Europe UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Water-based
7.2.1.2. Solvent-based
7.2.1.3. Powder
7.3. Europe UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Wood & Furniture
7.3.1.2. Electronics
7.3.1.3. Automotive
7.3.1.4. Graphic Art
7.3.1.5. Paper & Packaging
7.3.1.6. Industrial Coatings
7.3.1.7. Misc. (Aerospace, etc.)
7.4. Europe UV Curable Coatings Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific UV Curable Coatings Market Outlook, 2019 - 2030
8.1. Asia Pacific UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Epoxy Acrylates
8.1.1.2. Urethane Acrylates
8.1.1.3. Acrylic Acrylates
8.1.1.4. Silicone Acrylates
8.1.1.5. Polyester Acrylates
8.1.1.6. Misc. (Polyether, etc.)
8.2. Asia Pacific UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Water-based
8.2.1.2. Solvent-based
8.2.1.3. Powder
8.3. Asia Pacific UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. Wood & Furniture
8.3.1.2. Electronics
8.3.1.3. Automotive
8.3.1.4. Graphic Art
8.3.1.5. Paper & Packaging
8.3.1.6. Industrial Coatings
8.3.1.7. Misc. (Aerospace, etc.)
8.4. Asia Pacific UV Curable Coatings Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America UV Curable Coatings Market Outlook, 2019 - 2030
9.1. Latin America UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Epoxy Acrylates
9.1.1.2. Urethane Acrylates
9.1.1.3. Acrylic Acrylates
9.1.1.4. Silicone Acrylates
9.1.1.5. Polyester Acrylates
9.1.1.6. Misc. (Polyether, etc.)
9.2. Latin America UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Water-based
9.2.1.2. Solvent-based
9.2.1.3. Powder
9.3. Latin America UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. Wood & Furniture
9.3.1.2. Electronics
9.3.1.3. Automotive
9.3.1.4. Graphic Art
9.3.1.5. Paper & Packaging
9.3.1.6. Industrial Coatings
9.3.1.7. Misc. (Aerospace, etc.)
9.4. Latin America UV Curable Coatings Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
9.4.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa UV Curable Coatings Market Outlook, 2019 - 2030
10.1. Middle East & Africa UV Curable Coatings Market Outlook, by Oligomer, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.1.1. Key Highlights
10.1.1.1. Epoxy Acrylates
10.1.1.2. Urethane Acrylates
10.1.1.3. Acrylic Acrylates
10.1.1.4. Silicone Acrylates
10.1.1.5. Polyester Acrylates
10.1.1.6. Misc. (Polyether, etc.)
10.2. Middle East & Africa UV Curable Coatings Market Outlook, by Technology, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.2.1. Key Highlights
10.2.1.1. Water-based
10.2.1.2. Solvent-based
10.2.1.3. Powder
10.3. Middle East & Africa UV Curable Coatings Market Outlook, by End-use, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.3.1. Key Highlights
10.3.1.1. Wood & Furniture
10.3.1.2. Electronics
10.3.1.3. Automotive
10.3.1.4. Graphic Art
10.3.1.5. Paper & Packaging
10.3.1.6. Industrial Coatings
10.3.1.7. Misc. (Aerospace, etc.)
10.4. Middle East & Africa UV Curable Coatings Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Rest of Middle East & Africa
10.4.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. The Sherwin-Williams Company
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Akzo Nobel N.V.
11.3.3. BASF SE
11.3.4. PPG Industries
11.3.5. Axalta Coatings LLC
11.3.6. Dymax
11.3.7. ICA SpA
11.3.8. Eternal Group
11.3.9. Zhejiang UVCHEM Special Coatings Co., Ltd.
11.3.10. Teknos Group
11.3.11. Tikkurila Oyj
11.3.12. Cardinal Paint
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

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

  • The Sherwin-Williams Company
  • Akzo Nobel N.V.
  • BASF SE
  • PPG Industries
  • Axalta Coatings LLC
  • Dymax
  • ICA SpA
  • Eternal Group
  • Zhejiang UVCHEM Special Coatings Co., Ltd.
  • Teknos Group
  • Tikkurila Oyj
  • Cardinal Paint

Methodology

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