RADIATION CURABLE COATING MARKET ANALYSIS

Market News

Key Developments

1. Key players in the market are focused on various business strategies such as merger and acquisition, in order to gain competitive edge in the global market. For instance, Royal DSM, a Netherlands-based company active in nutrition, health, and materials, acquired 49% outstanding shares in its joint venture with AGI Corporation ‘DSI-AGI’. Following this acquisition, Royal DSM gained total ownership of Taiwan-based supplier of high-quality, innovative, and environment-friendly UV-curable resins.
2. Major companies in the market are involved in various business strategies such as market strategy, in order to enhance their market position. For instance, in April 2019, Allnex, a major company in radiation cure technology for industrial products, hosted the 2^nd allnex UV/EB Technology Conference at Ohio, U.S. The conference conducted training, panel discussion, and break-out sessions that provided up-to-date information on future prospects of UV/EB Technology.
3. Key players in the market are adopting various business strategies such as product launches, in order to expand product portfolio. For instance, in February 2019, BASF SE, a German chemicals supplier, launched new vinyl monomer ‘vinyl methyl oxazolidine (VMOX), which is typically used as reactive diluent in UV curing coatings.