ELECTRON BEAM BASED COATING MARKET ANALYSIS

Electron beam (EB) based coating is commonly used in the manufacturing processes. Surfaces of materials such as plastic, wood, and polymers are thin coated by using this method for providing a protective layer to the surface. This method improves moisture and gas barrier properties and is helpful in increasing lamination bonds, reducing corrosion, and offering lower migration.

Market Dynamics:

The electron beam (EB) based coating market is expected to witness significant growth over the forecast period, owing to its properties such as high quality, shorter lead time, and reasonable prices. Moreover, the properties of electron beam based coating also provides advantages such as abrasion resistance, consistency in the quality of coatings, lower energy consumption, superior hardness, and low volatile organic compounds, which is expected to drive growth of the market over the forecast period. The increasing demand for electron beam based coating owing to increasing adoption of various electronic and communication devices such as smartphones, tablets, and others, which use semiconductors with electron beam based coatings is also driving growth of the market.

However, growth of this market is expected to be hampered by the availability of cheaper alternatives such as UV coatings in the market.

Market Outlook:  

The electron beam (EB) based coating is used for various applications by industries such as automotive, electronics, and packaging among others. The packaging industry uses coating for graphic art, flexible packaging, and rigid metal packaging. Coatings allow curing through thick films, which are either clear or pigmented. The automotive and aerospace industries use this coating for saving the surface of automotive & other vehicles from corrosion by forming a thermal and chemical barrier. The optics industry use it as an anti-reflective coating for improving the efficiency of lens. By using this coating on the eye lenses, the strain on eyes can be reduced and the vision could be improved. This also ensures that the eyes of person using the eye lenses are clearly visible to others.

On the basis of region, the market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific region is expected to exhibit the highest growth over the forecast period, owing to increasing demand for electron beam based coating from various end-use industries such as automotive, electronics, and semiconductor. According to China Association of Automobile Manufacturers (CAAM) and Society of Indian Automobile Manufacturers (SIAM), sales of cars in China and India was valued at 28.03 million and 3.00 million, respectively, in 2016. These automobiles manufactured are being coated with electron beam based coating, which drives growth of the market.

Key Players:

Key players operating in the global electron beam (EB) based coating market include 3M,Akzo Nobel N.V., BASF SE , Huntsman Corporation , RAHN AG, Allnex Group, Royal DSM, Prime Coatings , and Hexion Inc. among others.

Market Taxonomy:

On the basis of Material type, the global electron beam (EB) based coating market is segmented into:

• Anti-reflective Coating
• Transparent Electrodes Coating
• Filters Coating
• Others

On the basis of application, the global electron beam (EB) based coating market is segmented into:

• Automotive
• Packaging
• Electronics
• Aerospace & Defense
• Others

On the basis of region, the global electron beam (EB) based coating market is segmented into:

• North America
  • U.S.
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Middle East
  • Africa