Radiation Curable Coatings Market Analysis Report 2023-2028

by Zayn Mathew Market Research Reports

According to the latest report by IMARC Group “Radiation Curable Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global radiation curable coatings market size reached a value of US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

Radiation-curable coatings are cured using high-intensity radiation from visible light, ultraviolet (UV) radiation, or low-energy electron beams (EB). They have a long shelf life, enhance surface properties, offer optimum efficiency with low energy consumption, and provide resistance against scratch, corrosion, and chemicals. They also help improve the durability, functionality, and aesthetic appeal of products made from paper, wood, plastic, glass, and metal.

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Market Trends:

The growing construction industry is catalyzing the demand for radiation-curable coating products with consistent quality, superior abrasion resistance, and rapid drying advantages. Besides this, radiation-curable coatings are gaining traction in making automated household electrical appliances, such as refrigerators, washing machines, ovens, microwaves, and dishwashers. Furthermore, the burgeoning automotive industry is driving the demand for these coatings to manufacture scratch-resistant keyboards, key panels, gear levers, and infotainment systems. Moreover, increasing investments in the introduction of bio-based materials are anticipated to offer lucrative growth opportunities to industry players.

Breakup by Ingredient:

Oligomers
Monomers
Photoinitiators
Additives

Breakup by Type:

Ultraviolet Curing
Electron Beam Curing

Breakup by Application:

Paper and Film
Printing Inks
Plastics
Wood
Glass
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

3M Company
Akzo Nobel N.V.
Allnex (PTT Global Chemical Public Company Limited)
Ashland Global Specialty Chemicals Inc.
Axalta Coating Systems Ltd.
BASF SE
DIC Corporation
Dymax Corporation
Evonik Industries AG
Momentive Performance Materials Inc.
PPG Industries Inc.
The Sherwin-Williams Company.

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