UV coatings is an eco-friendly compound that is mainly used to inhibit harmful UV rays coming from the sun. The UV rays degrade the color quality of paper and plastics and hence, UV coating on paper, wood, and plastics material provides the required protection and gloss to the surface. UV coatings are mainly available as water-based coatings and solvent-based coatings. UV coatings are manufactured using various compositions such as Monomers, Oligomers (Polyesters, Polyether, etc.), additives, and photo-initiator. In terms of UV coatings End Use, UV coatings are majorly used in the paper & packaging and wood furnishing industry. Other end users of UV coatings include electronics, automotive, building & construction, etc.
Market Dynamics
Growing demand for eco-friendly coatings and rising demand from the automotive industry for eco-friendly solutions are projected to increase the demand for UV coatings globally. However, restrictions on some UV coatings for food packaging application is hampering the growth of the UV coatings market globally. Furthermore,UV curable inks and coatings were first used as a greener alternative to solvent-based inks and coatings. Traditional heat and air drying uses solvent evaporation, which reduces the initial coating application by more than 50% while emitting pollutants into the environment. UV formulations are composed of liquid monomers and oligomers that have been combined with a small number of photoinitiators before being exposed to UV light. In a matter of seconds, the formulation – inks, coatings, or adhesives – "hardens" or cures, making it ready for the next processing step.
Key features of the study:
- This report provides in-depth analysis of global UV Coatings market ,market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the Global UV Coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The Global UV Coatings market report caters to various stakeholders in this industry including investors, suppliers, UV Coatings manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global UV Coatings market
Detailed Segmentation:
- Global UV Coatings Value Market, By Base Type:
- Water-based
- Solvent-based
- Global UV Coatings Value Market, By Composition:
- Monomers
- Oligomers
- Polyester
- Polyether
- Polyurethane
- Epoxy resins
- Photo-initiator
- Additives
- Global UV Coatings Value Market, By End Use Industry:
- Wood & Furniture
- Electronics
- Automotive
- Paper & Packaging
- Industrial Coatings
- Buildings & Construction
- Global UV Coatings Value Market, By Region:
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- U.K
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Japan
- Asia Pacific (excl. Japan)
- China
- India
- ASEAN
- Oceania
- Rest of APEJ
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
- Company Profiles
- BASF SE*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Akzo Nobel N.V
- Arkema Group
- PPG Industries
- Axalta Coating System LLC,
- The Valspar Corporation
- The Sherwin-Williams Company
- Croda International Plc.
- Watson Coatings Inc.
- Allenx Belgium SA
- Sokan New Materials
- Dymax Corporation
“*” marked represents similar segmentation in other categories in the respective section.
