The global market for Radiation Cured Coatings was estimated at US$23.8 Billion in 2024 and is projected to reach US$29.5 Billion by 2030, growing at a CAGR of 3.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Radiation Cured Coatings market.
Segments: Raw Material (Oligomers, Monomers, Photo initiators, Additives); Formulation (Electro Beam Curing Formulation, Ultraviolet Curing Formulation); Application (Industrial Application, Electronic Products Application, Paper & Films Application, Wood Application, Printing Inks Application, Adhesives Application, Glass Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Radiation Cured Coatings Market - Key Trends & Drivers Summarized
Why Are Radiation Cured Coatings Gaining Traction in Industrial Applications?
Radiation cured coatings have become a game-changer in various industries, offering superior durability, faster curing times, and enhanced environmental benefits compared to conventional solvent-based coatings. These coatings utilize ultraviolet (UV) and electron beam (EB) radiation to achieve rapid polymerization, allowing for instant hardening and improved surface properties. The shift toward eco-friendly and high-performance coatings has driven demand across industries such as automotive, electronics, packaging, and wood finishing. Additionally, stringent environmental regulations limiting volatile organic compound (VOC) emissions have pushed manufacturers to adopt radiation cured coatings as a sustainable alternative. Their ability to provide excellent chemical resistance, scratch protection, and high-gloss finishes has further contributed to their growing adoption in industrial and commercial applications.How Are Technological Innovations Enhancing the Performance of Radiation Cured Coatings?
Advancements in photoinitiator formulations, resin chemistry, and radiation curing equipment have significantly improved the efficiency and applicability of radiation cured coatings. The development of LED-based UV curing systems has reduced energy consumption and operational costs, making radiation curing more accessible for small and medium enterprises. Additionally, new formulations incorporating bio-based resins and nanoparticles are enhancing the mechanical strength and functional properties of coatings. Electron beam curing technology is also gaining traction due to its ability to cure thick coatings without the need for photoinitiators, reducing material costs and improving product performance. Furthermore, hybrid curing technologies that combine UV and EB curing processes are being explored to achieve even higher curing speeds and surface hardness. These innovations are expanding the range of applications for radiation cured coatings, making them more competitive against traditional coating technologies.What Market Trends Are Driving the Adoption of Radiation Cured Coatings?
The increasing emphasis on sustainability and efficiency in industrial coatings has been a key driver for the adoption of radiation cured coatings. The growing demand for fast-drying, high-quality finishes in industries such as furniture, flooring, and electronics has accelerated the transition from conventional curing methods to radiation-based processes. The expansion of digital printing and flexible packaging sectors has further fueled demand for UV-cured coatings, which offer excellent adhesion and print durability. Additionally, the rapid growth of 3D printing has created new opportunities for radiation cured coatings in additive manufacturing applications. The shift toward automation in industrial production has also increased interest in UV and EB curing systems, as these technologies enable high-speed processing with minimal downtime.What Are the Key Growth Drivers of the Radiation Cured Coatings Market?
The growth in the global radiation cured coatings market is driven by several factors, including increasing regulatory pressure to reduce VOC emissions, advancements in UV and EB curing technologies, and expanding applications in high-performance industrial coatings. The rising adoption of digital and flexible packaging has boosted demand for radiation cured coatings in the printing industry. Additionally, the growing use of radiation curing in medical devices, electronics, and automotive components is creating new market opportunities. The push for energy-efficient and eco-friendly manufacturing processes is further accelerating the shift toward radiation curing solutions. With continued innovation in photopolymer chemistry and curing equipment, the radiation cured coatings market is expected to witness sustained growth, offering enhanced performance and sustainability benefits across multiple industries.Report Scope
The report analyzes the Radiation Cured Coatings market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: Raw Material (Oligomers, Monomers, Photo initiators, Additives); Formulation (Electro Beam Curing Formulation, Ultraviolet Curing Formulation); Application (Industrial Application, Electronic Products Application, Paper & Films Application, Wood Application, Printing Inks Application, Adhesives Application, Glass Application, Other Applications)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Oligomers segment, which is expected to reach US$11.9 Billion by 2030 with a CAGR of a 2.8%. The Monomers segment is also set to grow at 4.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.3 Billion in 2024, and China, forecasted to grow at an impressive 3.6% CAGR to reach $4.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Radiation Cured Coatings Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Radiation Cured Coatings Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Radiation Cured Coatings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Akzo Nobel N.V., Allnex, Arkema, Axalta Coating Systems Ltd LLC, BASF SE and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 42 Featured):
- Akzo Nobel N.V.
- Allnex
- Arkema
- Axalta Coating Systems Ltd LLC
- BASF SE
- Bayer MaterialScience AG
- Bomix Chemie GmbH
- Covestro AG
- DIC Corporation
- DSM Coating Resins
- Dymax Corporation
- Eternal Materials Co., Ltd.
- IGM Resins B.V.
- Miwon Specialty Chemical Co., Ltd.
- PPG Industries Inc.
- RAHN AG
- Red Spot Paint & Varnish Co., Inc.
- Sartomer (a subsidiary of Arkema)
- The Sherwin-Williams Company
- Toyo Ink SC Holdings Co., Ltd.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akzo Nobel N.V.
- Allnex
- Arkema
- Axalta Coating Systems Ltd LLC
- BASF SE
- Bayer MaterialScience AG
- Bomix Chemie GmbH
- Covestro AG
- DIC Corporation
- DSM Coating Resins
- Dymax Corporation
- Eternal Materials Co., Ltd.
- IGM Resins B.V.
- Miwon Specialty Chemical Co., Ltd.
- PPG Industries Inc.
- RAHN AG
- Red Spot Paint & Varnish Co., Inc.
- Sartomer (a subsidiary of Arkema)
- The Sherwin-Williams Company
- Toyo Ink SC Holdings Co., Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 72 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 23.8 Billion |
| Forecasted Market Value ( USD | $ 29.5 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
