Global UV Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global UV coatings market in its upcoming report titled, “Global UV Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global UV coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global UV coatings market report has been segmented on the basis of composition, technology, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

UV cured or Ultraviolet coating refers to application of shiny coating on surfaces such as wood, paper, plastics, and others with the help of UV radiation to assure superior light and coverage stability. UV coatings are more beneficial than other traditional coating techniques as it offers excellent abrasion resistance, takes very less time to dry, offers high clarity and high shine finish. UV coatings are environment-friendly and solvent-free, thus, it does not emit volatile organic compound (VOCs) when applied. During coating material appliance on the surface with UV radiation, chemical reaction takes place and forms a chain polymerization. UV energy radiation leads to highly reactive photo initiators which cross-link acrylates to form a plastic film in a time span of milliseconds.

Growing electronics industry is projected to drive growth of the UV coatings market globally. Display coatings are major type coatings utilized in electronics industry globally. Increasing disposable income and continuous changing lifestyle of the population in emerging in developing countries are driving expected to drive growth on the target market over the forecast period.

In addition, internet of things (IoT) is the latest trend in the market which includes multiple electronic devices. All electronic devices the use display coatings are cured with an ultraviolet coating. Moreover, increasing environmental awareness among consumer is expected to boost the global UV coatings market.

Target audience for the global UV coatings market include industry associations, UV coatings producers, UV coatings traders, UV coatings suppliers, and UV coatings distributors, government and research organizations, industrial and association bodies, raw material suppliers, distributors, and others.

Asia Pacific UV coatings market is expected to account for major share in terms of revenue in 2017, and is anticipated to maintain its dominance during the forecast period, owing to growing demand for UV coatings from various sectors such as industrial coatings and electronics industry in this region. Asia Pacific UV coatings market is also projected to register fastest growth in terms of revenue in next five years.

Global UV Coatings Market Segmentation:

Segmentation by composition:

• Monomers
• Oligomers
• Photo-initiators
• Additives

Segmentation by technology:

• Water Based
• Solvent Based

Segmentation by application:

• Wood & Furniture
• Electronics
• Automotive
• Paper & Packaging
• Industrial Coatings
• Building & Construction

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa