Global Ultra Violet (UV) Coatings Market, By Composition (Monomers, Oligomers, Photoinitiators & Others), Type (Wood, Plastic, Paper, Conformal, Display, OPV), End-User (Industrial Coatings, Electronics, Graphic Arts), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Ultra Violet (UV) Coatings Market
Data Bridge Market Research analyses the ultra violet (UV) coatings market will exhibit a CAGR of 10.55% for the forecast period of 2022-2029.
UV coating refers to the application of a lustrous coating on surfaces such as wood, paper, plastics, and other materials using UV radiation to ensure enhanced light and coverage stability. UV coatings are more advantageous than other traditional coating processes because they provide good abrasion resistance, dry quickly, and have a high clarity and gloss finish. UV coatings are solvent-free and environmentally safe, thus they do not emit volatile organic compounds (VOCs) when applied. A chemical reaction occurs when UV radiation is used to coat the substance on the surface, forming a chain polymerization. UV energy causes highly reactive photo initiators to develop, which cross-link acrylates to form a plastic film in milliseconds.
The growing sector of electronics will influence the growth rate of the ultra violet (UV) coatings market. The upsurge in the demand for industrial wood coatings is a key element driving market expansion. The ultra violet (UV) coatings market is also being driven by factors such as rising scope in new applications and low operational costs of UV coating production. Furthermore, strict environmental regulations for the reduction of carbon emissions and growing adoption of sustainable practices will enhance the growth rate of ultra violet (UV) coatings market. Also, the increasing environmental awareness among population, changing lifestyle and rise in the level of disposable income will act as a major factor influencing the growth of ultra violet (UV) coatings market.
Moreover, potential markets with low capacities and modernization will create beneficial opportunities for the growth of the ultra violet (UV) coatings market.
However, fluctuation in the prices linked with ultra violet (UV) coatings will hamper the market’s growth rate. Also, low price competitiveness and niche applications will further pose challenges to the growth of ultra violet (UV) coatings market.
This ultra violet (UV) coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on ultra violet (UV) coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ultra Violet (UV) Coatings Market Scope and Market Size
The ultra violet (UV) coatings market is segmented on the basis of composition, type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of end-user, the ultra violet (UV) coatings market is segmented into industrial coatings, electronics, and graphic arts.
- Based on type, the ultra violet (UV) coatings market is segmented into wood, plastic, paper, conformal, display and OPV.
- The ultra violet (UV) coatings market is segmented on the basis of composition into monomers, oligomers, photoinitiators and others.
Ultra Violet (UV) Coatings Market Country Level Analysis
The ultra violet (UV) coatings market is analysed and market size, volume information is provided by country, composition, type and end-user as referenced above.
The countries covered in the ultra violet (UV) coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ultra violet (UV) coatings market and will continue to flourish its trend of dominance due to the growing demand for high performance electronics in this region. Europe is expected to grow during the forecast period of 2022-2029 due to the rising demand from various end-use industries in this region.
The country section of the ultra violet (UV) coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Ultra Violet (UV) Coatings Market Share Analysis
The ultra violet (UV) coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ultra violet (UV) coatings market.
Some of the major players operating in the ultra violet (UV) coatings market are Allnex GMBH, DIC CORPORATION, DSM, Akzo Nobel N.V., PPG Industries, Inc., BASF SE, The Sherwin-Williams Company, Valspar, Dymax, Axalta Coating Systems, Ltd., Eternal Materials Co.,Ltd., Croda International Plc, ALLNEX NETHERLANDS B.V., Dow, Asian Paints, Sokan new materials Co., Ltd., 3M, and Jainco Industry Chemicals, among others.
SKU-