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Radiation Cured Products - Global Market Trajectory & Analytics

  • ID: 992782
  • Report
  • September 2020
  • Region: Global
  • 740 Pages
  • Global Industry Analysts, Inc
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.
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. 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 2019
  • 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
  • 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 %): 2015 & 2020
  • 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

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • 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 (2017-2022): 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 2010-2019
  • Construction Industry in the US: Annual Value of Construction Put in Place (in US$ Billion) during the Period 2014-2018
  • Steady Improvements in Auto Industry Outlook: Opportunity for Radcure Market
  • Market Analytics
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 2012-2018
  • Non-Residential Construction Sector in Canada: Capital Expenditure in US$ Billion for the Years 2012 through 2019
  • Market Set to Benefit from Improving Auto Industry Outlook
  • Rising Demand for Adhesives: Potential for Radcure Products Market
  • Market Analytics
JAPAN
  • Radiation Cured Products Market in Japan: An Overview
  • Market Analytics
CHINA
  • 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 2020
  • Chinese Construction Industry: % CAGR of Construction Output for the Period 2016-2021 and 2021-2026
  • Continued Rise in Vehicles Demand Remains Critical to Market Growth
  • Market Analytics
EUROPE
  • 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
  • Stable Growth for Construction Industry
  • Construction Industry in Europe: % Change in Construction Output in Select Countries for the Years 2015 through 2021
  • Percentage Change in Construction Output in Select European Countries for the Years 2014 through 2019 and 2019-21
  • Automotive Industry
FRANCE

GERMANY

ITALY

UNITED KINGDOM
  • Despite Brexit, Long-term Construction Industry Outlook Remains Positive
  • UK Residential Construction Industry: Number of New Homes Registered in Thousands for the Period 2008-2018
  • Brexit Casts a Shadow on Automotive Industry
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • High Growth Economies Spur Radcure Technology Growth
  • Encouraging Construction Activity in Asia Bodes Well for the Market
  • Projected Growth in the Asian Construction Market by Region for Residential and Overall Construction (2014-2020)
  • 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
  • Market Analytics
AUSTRALIA

INDIA
  • 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
  • Market Analytics
SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA
  • Fiscal Pressures and Policy Uncertainty Weakens Construction Activity in Latin America
  • Overview of Automobile Industry
  • Market Analytics
ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • Large Scale Construction Projects Continue to Drive Demand
  • Market Analytics
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 90
Note: Product cover images may vary from those shown
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