A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global UV
Coatings
Market. The
study, titled “UV
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
UV Coatings Market: Overview
UV
coatings are type of coatings that are cured with ultraviolet
radiation. It can be deployed on various substrates such as inks,
paper, glass, plastics and wood products. UV coatings market can be
segmented based on composition as PU dispersions, monomers, photo
initiators and oligomers. Based on type of coatings, the market can
be segmented as paper coatings, over print varnish, display coatings,
plastic coatings, conformal coatings and others. End-use industries
of UV coatings are graphics, electronics, packaging and various other
industries that use industrial coatings.
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Market Research Report @
Currently
UV coatings market is dominated by wood coatings product type. This
trend is expected to remain same in the next few years due to
increasing demand for wood coatings from its applications such as
furniture, door skins, parquet, decorative panel and others. Wood
coatings offer excellent strength and durability, hence is demand is
expected to remain high. Among the end-use industries type,
industrial coatings occupies the largest share in the total UV
coatings market. The growth rate of industrial coatings is expected
to be the fastest as compared to other types.
Global
UV Coatings Market: Drivers and Restraints
Growing
electronics industry globally is expected to drive the UV coatings
market. Display coatings are the major type coatings used in the
electronics across the globe. Rising disposable income and changing
lifestyle in the developing countries is driving electronics industry
across the globe. Additionally, internet of things is the new trend
in the market that includes various electronic devices. These
electronic devices use display coatings that are cured with
ultraviolet. Furthermore, rising environmental awareness among
consumer groups is expected to boost the UV coatings market. Chemical
curing method emits volatile organic compounds that are harmful to
environment and human health. UV curing of the coatings is
photomechanical method of curing, hence does not involve any organic
compounds in the curing process.
However,
availability of substitutes in the curing process is expected to
hamper the UV coatings market. Chemical curing is among the strong
competitor of UV curing process. Development of new products and
applications is anticipated to provide immense opportunities for the
players in the market. Additionally, development of bio-based UV
coatings would open up an opportunity in the next few years.
Global
UV Coatings Market: Geographical Dynamics
Asia
Pacific dominated the UV coatings market in terms of production and
consumption. Burgeoning electronics industry due to high demand for
high performance electronics in the region is driving the UV coatings
market. China is contributing highest to the demand of UV coatings in
the region. Europe followed Asia Pacific in terms of consumption.
Demand in the region is mainly for wood coatings, plastic coatings
and paper coatings from industrial coatings industry. North America
emerged as the third-largest market for UV coatings in terms of
consumption. The demand in the region is primarily driven by rising
use of UV coatings in printing varnishes. Rest of the World is
expected to exhibit strong growth in the UV coatings marketing due to
rising demand from electronics industry.
Global
UV Coatings Market: Competitive Landscape
Global
UV coatings market is moderately fragmented with major players having
presence across the value chain. Players in the market adopt backward
integration and strategic alliances as key strategies to sustain
their market position in the UV coatings market.
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accurate market forecast and analysis on the UV Coatings market.
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Key
players in UV coatings market include The Dow Chemical Company, BASF
SE, Akzonobel N.V., DIC Corporation, PPG Industries Inc., Dymax
Corporation, Royal DSM N.V., Centexbel, Actega Coatings &
Sealants, Eternal Chemical Co. Ltd., Axalta Coatings Systems, The
Valspar Corporation, Ashland Inc., Croda, Brilliant Coatings
Solutions and Soltech Ltd.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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