Radiation curable coatings are cured through the radiation of UV or electron beam; it is being applied on polymers. Radiation curable coatings have four different components i.e., oligomers, monomers, photoinitiators, and additives. Oligomers such as epoxy acrylate, urethane acrylate, polyester acrylate, polyether acrylate, etc. are used in radiation curable coatings. Radiation curable coatings provide various advantages to coatings application such as high and consistent coating quality, high production rate, low fire hazard, low volatile organic compound (VOC), and others. Radiation curable coatings are applied for coatings applications on wood, plastics, and others.
MARKET DYNAMICS
The advantageous properties such as rapid curing, superior hardness, and abrasion resistance, etc. offered by the radiation curable coatings will drive the demand growth for radiation curable coatings market. Furthermore, it's environment-friendly property like low VOC will further imply in the demand growth for the radiation curable coatings market. Predominately, high raw material prices and difficulties with curing 3-dimensional objects may hamper the demand growth for radiation curable coatings market. However, the growing usage of radiation curable coatings for coatings application of electronic products will create opportunities for the radiation curable coatings market.
MARKET SCOPE
The "Radiation Curable Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the radiation curable coatings market with detailed market segmentation by components, application and region. The radiation curable coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading radiation curable coatings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The radiation curable coatings market is segmented on the basis of components, application. On the basis of components, the radiation curable coatings market is segmented into, oligomers, monomers, photoinitiators, additives. On the basis of application, the radiation curable coatings market is segmented into, industrial, op lacquers, electronics, printing inks, others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the radiation curable coatings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The radiation curable coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the radiation curable coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the radiation curable coatings market in these regions.
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MARKET PLAYERSThe reports cover key developments in the radiation curable coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from radiation curable coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for radiation curable coatings in the global market. Below mentioned is the list of few companies engaged in the radiation curable coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the radiation curable coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-AkzoNobel NV
-Axalta Coating Systems Ltd LLC
-BASF SE
-Chugoku Marine Paints Ltd
-Dainichiseika Color and Chemicals Mfg Co. Ltd
-PPG Industries Inc.
-Royal DSM
-The Sherwin-Williams Company
-Watson Coatings Inc.
-Yips Chemical Holdings Ltd
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