Radiation Cured Products - Global Market Trajectory & Analytics

The global market for Radiation cured products is projected to reach 717 thousand metric tons by 2024, valued at US$7.3 billion, driven by growing awareness over the numerous environmental and performance benefits offered by radiation curing. Also driving growth in the market are innovations in radiation curable chemistries and stringent environment safety norms that encourage environmentally-responsible curing of resins, inks, coatings and adhesives. The adoption of radcure technology in a broad range of applications is attributed to several advantages, such as quicker curing and processing time, lower VOC emissions, improved physical characteristics and cost-effectiveness.

Construction, furniture, medical, and automotive industries, represent attractive end-use markets for radcure technology. Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market led by strong Chinese demand for ultraviolet and electron beam curing technologies, which are rapidly replacing traditional methods in several applications such as wood coatings, industrial coatings, and electronics coatings.

Competitors identified in this market include, among others:

• 3M Company
• Allnex
• Ashland Global Holdings Inc.
• Baldwin Technology Company Inc.
• BASF SE
• Covestro (Formerly Bayer MaterialScience)
• Craig Adhesives and Coatings
• Dexerials Corp.
• DIC Corp.
• DYMAX Corp.
• Evonik Industries AG
• Flint Group
• FUJIFILM Sericol UK Ltd.
• Momentive
• Nordson Corp.
• PPG Industries Inc.
• Red Spot Paint & Varnish Company Inc.
• Royal DSM N. V.
• Sartomer
• Sun Chemical Corp.