Global UV-Curable Coatings Market Analysis Report 2023: A $13+ Industry by 2028 - Wood Coatings Based on Nanotechnology are Gaining Traction

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Nov 10, 2023, 11:15 ET

DUBLIN, Nov. 10, 2023 /PRNewswire/ -- The "UV-Curable Coatings: Global Market" report has been added to ResearchAndMarkets.com's offering.

The global UV-Curable Coatings Market is projected to reach a value of $13.1 billion by 2028 from $8.2 billion in 2023, growing at a CAGR of 9.6%

The report also discusses the market dynamics such as drivers, restraints, opportunities, and challenges. It also examines new and emerging trends and their impact on current and future market dynamics.

The scope of the report includes a general outlook of the UV-curable coatings market. It examines industry standards, government and industry support, and other key factors related to the success of UV-curable coatings. This report segments the market into four major sub-segments: end use, type, composition, and region.

UV coatings have seen significant growth due to increasing environmental awareness, advancements in coatings technology, and the introduction of new component technologies. These coatings are considered environmentally friendly because they consist of 100% curable compositions that do not require a drying process involving solvent evaporation.

UV coatings contain reactive monomers and photo-initiators that cure when exposed to UV radiation. They have gained popularity as they reduce the emission of volatile organic compounds (VOCs) during the drying process, which is a concern with traditional solvent-based coatings. Solvent-based coatings release organic compounds into the atmosphere, posing environmental and health risks.

One of the key advantages of UV coatings is their minimal environmental impact. They do not release VOCs and require minimal energy for drying. This environmental friendliness has led formulators to consider switching to UV-curable inks and coatings to comply with VOC regulations and reduce their environmental footprint.

UV-cured coating formulations typically consist of oligomers, monomers, photo-initiators, and other components. Monomers are a significant part of these formulations and are low-volatility, non-flammable, and odorless substances. Monomers with different functional groups influence the properties of the UV formulation.

Oligomers also play a substantial role in UV coatings and are created using various backbone-building chemistries, including polyester acrylates, epoxy acrylates, urethane acrylates, and acrylic acrylates. These oligomers contribute fundamental characteristics to UV-curing formulations.

Urethane acrylates are a notable type of oligomer used in UV coatings, offering high-end performance with minimal process difficulties and VOC emissions. These coatings find applications in various industries, including aluminum extrusions, office furniture, appliances, industrial equipment, and more.

In summary, UV coatings have gained prominence due to their eco-friendliness, reduced VOC emissions, and energy efficiency. They are used in various industries, including electronics, industrial coatings, and graphic arts. The material type and technology used in UV coatings are essential factors driving their market growth, with an emphasis on environmental sustainability.

The scope of the report covers the overview of the global market for UV-curable coatings and an analysis of the global market trends, with the historic year 2021 and estimates for 2023 and 2028 with a projection of CAGR in the forecast duration. The sales values are presented in U.S. dollars. Estimated values used are based on manufacturers' total revenues.

Report Includes

Estimates of the market size and analyses of market trends, with data from 2022, estimates for 2023 and projections of compound annual growth rates (CAGRs) through 2028
Quantification of the market potential for UV curable coatings based on composition, end user and region
Coverage of technical and commercial developments in the UV curable coatings industry, and an assessment of the emerging technologies
Insight into the government regulations of paints and coatings industry, technology advancement undertaken by key players, and ESG implementation, and discussion on importance of ESG in the UV-Curable coatings market
Analysis of patent activity, and a look into the recent industry structure, current competitive scenario, R&D activities, and legislative issues currently focused on the UV-Curable coatings market
Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies

Company Profiles

Actega Schmid Rhyner AG
Akzo Nobel N.V.
Ashland Global Holdings Inc.
Axalta Coating Systems Ltd.
Basf Se
Brilliant Coating Solutions
Croda International plc
Deutsche Druckfarben
Dic Corp.
Dymax Corp.
Eternal Materials Co. Ltd.
Huizhou Changrunfa Paint Co. Ltd
Jainco Industry Chemicals
Phichem Corp.
Ppg Industries, Inc.
Soltech Ltd
Teknos Group Oy
The Dow Chemical Company
Sherwin-Williams Company

Key Topics Covered:

Chapter 1 Introduction

Introduction
Study Goals and Objectives
Reasons for Doing this Study
Scope of Report
Methodology
Information Sources
Geographic Breakdown

Chapter 2 Summary and Highlights

Introduction
Market Size

Chapter 3 Market Overview

Paints and Coatings Industry
How Paint Manufacturers Can Reduce Waste, Improve Sustainability
Industry Disruption Due to Covid-19
Impact of Sustainability Initiatives on Paint and Coatings Manufacturers
Looking Toward the Future
Risk Factors
Economic and Strategic Risks
Operational Risks
Legal and Regulatory Risks
Government Regulations 0F Paints and Coatings Industry

Chapter 4 Market Dynamics

Drivers
Increasing Demand for Waterborne Uv Coating Systems
Growing Demand for Uv-Curable Coatings in Construction Industries
Eco-Friendly Coatings Are Gaining Applications
Growing Demand for Ultraviolet Cured Resin in Printing
Limitations
High Cost Associated With the Production of Uv-Curable Coatings
Compliance With Strict Safety and Environmental Requirements Opportunity
Innovative Concepts
Increasing Demand for Uv Coatings in Green Coatings

Chapter 5 Uv-Curable Coatings Market by Composition

Market Size Estimation and Forecast
Oligomers
Monomers
Photoinitiators
Other Composition

Chapter 6 Uv-Curable Coatings by End-Use Industry

Key Takeaways
End-Use Industry Outlook
Market Size Estimation and Forecast
Industrial Coatings
Market Size Estimation and Forecast
Packaging Industry
Framework Regulation Eu No. 1935/2004
Plastic Directive Eu No. 10/2011 (Pim)
Good Manufacturing Practice (Gmp)
Swiss Ordinance (Sr 817.023.21)
Regulation (Eg) No. 1895/2005
Eupia Gmp / Suitability List of Photoinitiators 1A or 1B
Market Size Estimation and Forecast
Graphic Arts
Other End-Use Industries

Chapter 7 Uv-Curable Coatings Market by Region

Key Takeaways
Regional Outlook
Market Size Estimation and Forecast
Asia-Pacific
North America
Europe
Row

Chapter 8 Sustainability in Uv-Curable Coatings: Global Market

Sherwin-Williams Company
Akzonobel N.V.
Ppg Industries, Inc.
Key Drivers of Sustainability in the Coatings Industry
Esg Trends
Volatile Organic Compounds
Akzonobel N.V.
Dic Corporation
Dow Chemical Company
Carbon Pricing
Importance of ESG in the Uv-Curable Coatings Market
Esg Ratings and Metrics: Understanding the Data
Esg Practices in the Uv-Curable Coatings Market
Current Status of ESG in the Uv-Curable Coatings Market
Esg Score Analysis
Environmental Score
Social Score
Governance Score
Total Score
Risk Scale, Exposure Scale, and Management Scale
Risk Scale
Exposure Scale
Management Scale
Example of Successful ESG Implementation
Akzonobel Propels Carbon Neutrality Commitment
Sherwin-Williams Takes Aim at Environmental Targets
Occupational Health and Safety is a Priority for Nippon Paint Holdings
To Stay Ahead of the Curve, Ppg Industries Rely on Diversity, Equity, and Inclusion
Basf Navigates Corporate Governance Opportunities
Concluding Remarks

Chapter 9 Emerging Technologies and Developments

Technology Advancement Undertaken by Key Players
Beckers Offers Sustainable Uv and Eb Technology in Coil Coatings
Protective Coating Prevents Uv-C Radiation Damage Used to Kill Coronavirus
Wood Coatings Based on Nanotechnology Are Becoming More Popular
Environmentally Friendly Uv Cures Are Being Developed
Granted Patented Technologies

Chapter 10 Competitive Intelligence

Introduction
Competition
Vendor Analysis
Major Strategic Developments
Recent Developments by Key Players

For more information about this report visit https://www.researchandmarkets.com/r/du74r7

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