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Global UV Curing Coatings Market 2017-2021

Global UV Curing Coatings Market 2017-2021

About UV Curing Coatings

UV curing coatings are derived from petrochemicals in which adhesives, sealants, inks, and coatings are dried using UV radiations. They are considered highly important due to some of its excellent properties such as faster curing time, reduced workforce requirement, improved chemical resistance, and minimum operational cost. It improves adhesion and facilitates mechanical bonding between the substances. It requires less storage space and is comparatively eco-friendly, which adds up to an increased demand for UV curing coatings market.

Technavio’s analysts forecast the global UV curing coatings market to grow at a CAGR of 7.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global UV curing coatings market for 2017-2021. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global UV Curing Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • allnex
  • Hitachi Chemical
  • PPG Industries
  • The Sherwin-Williams Company
Other prominent vendors
  • Alberdingk Boley
  • Arkema
  • Ashland
  • Covestro
  • DSM
  • Dymax
  • Jainco Industry Chemicals
  • KEYLAND POLYMER MATERIAL SCIENCES
  • Protech Powder Coatings
  • TOAGOSEI
  • Wanhua Chemical Group
Market driver
  • Strict government regulations on powder-based coatings
  • For a full, detailed list, view our report
Market challenge
  • Growth of the LED curing coating technology
  • For a full, detailed list, view our report
Market trend
  • Growing demand from the wood and furniture industries
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global UV Curing Coatings Market 2017-2021

Technavio recognizes the following companies as the key players in the global UV curing coatings market: Akzo Nobel, allnex, Hitachi Chemical, PPG Industries, and The Sherwin-Williams Company

Other Prominent Vendors in the market are: Alberdingk Boley, Arkema, Ashland, Covestro, DSM, Dymax, Jainco Industry Chemicals, KEYLAND POLYMER MATERIAL SCIENCES, Protech Powder Coatings, TOAGOSEI, and Wanhua Chemical Group.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand from the wood and furniture industries. The increased demand for UV curing coatings from the wood coating industry is one of the most crucial factors for the growth of the market. UV curing coatings, obtained as primers, topcoats, and sealants are widely used in the wood and furniture industries for architectural moldings, doors, and window panes. The properties exhibited by UV curing coatings such as excellent finishing, improved quality, faster drying time, increased operational efficiency, and reduced space requirement, will significantly contribute to the increased demand from the wood and furniture industries.”

According to the report, one of the major drivers for this market is Strict government regulations on powder-based coatings. Conventional adhesives and coatings, when treated with heat for curing process, release an enormous amount of hydrocarbons into the atmosphere. In order to reduce the emission of VOC, strict government rules and norms have been passed, which restricts the use of powder-based coatings. It directly drives the growth of the UV curing coatings market. Similarly, the Action Plan on Prevention and Control of Air Pollution has been initiated in APAC to control and eliminate the emission of pollutants and harmful gaseous particles into the atmosphere during the curing process of conventional coating substances.

Further, the report states that one of the major factors hindering the growth of this market is Growth of the LED curing coating technology. The demand for light-emitting diode (LED) coatings is tremendously increasing due to the thermal management and curing speed. LED curing coatings act as an alternative to conventional UV curing coatings because they remove excess heat during the curing process and enable the prolonged active operation of the diode. They consume lesser energy and dry faster than the conventional UV curing coatings available in the market. They are eco-friendly with limited VOC emissions, and UV and ozone radiations. They operate efficiently and exhibit a good adhesive property due to which they are used in many industries such as wood coatings, electronic, medical, and automotive. Although UV curing coatings exhibit excellent properties and superior performance, the LED curing coatings market is growing parallelly.

Companies Mentioned

Akzo Nobel, allnex, Hitachi Chemical, PPG Industries, and The Sherwin-Williams Company, Alberdingk Boley, Arkema, Ashland, Covestro, DSM, Dymax, Jainco Industry Chemicals, KEYLAND POLYMER MATERIAL SCIENCES, Protech Powder Coatings, TOAGOSEI, and Wanhua Chemical Group.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global UV curing coatings market 2017-2021
    • Global UV curing coatings market
      • Table Global UV curing coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global UV curing coatings market by technology
      • Table Global UV curing coatings market by technology 2016 (% share of revenue)
      • Table Global UV curing coatings market by technology 2021 (% share of revenue)
      • Table Market forecast: Global UV curing coatings market by technology in 2016 and 2021
    • Global water-based UV curing coatings market
      • Table Global water-based UV curing coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global water-based UV curing coatings market 2016-2021
    • Global powder-based UV curing coatings market
      • Table Global powder-based UV curing coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global powder-based UV curing coatings market 2016- 2021
  • Segmentation by chemical type
    • Global UV curing coatings market by chemical type
      • Table Global UV curing coatings market by chemical type 2016 (% share of revenue)
      • Table Global UV curing coatings market by chemical type 2021 (% share of revenue)
      • Table Global UV curing coatings market by chemical type 2016 and 2021
    • Global epoxy acrylate-based UV curing coatings market
      • Table Global epoxy acrylate-based UV curing coatings market 2016 and 2021 ($ millions)
      • Table Market forecast: Global epoxy acrylate-based UV curing coatings market 2016-2021
    • Global polyester acrylate-based UV curing coatings market
      • Table Global polyester acrylate-based UV curing coatings market 2016 and 2021 ($millions)
      • Table Market forecast: Global polyester acrylate-based UV curing coating market 2016-2021
    • Global urethane acrylate-based UV curing coatings market
      • Table Global urethane acrylate-based UV curing coatings market 2016 and 2021 ($millions)
      • Table Market forecast: Global urethane acrylate-based UV curing coating market 2016 -2021
    • Global UV curing coatings market of other chemicals
      • Table Global UV curing coatings market of other chemicals 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings market of other chemicals 2016-2021
  • Segmentation by application
    • Global UV curing coatings market by application
      • Table Global UV curing coatings market by application 2016 (% share of revenue)
      • Table Global UV curing coatings market by application 2021 (% share of revenue)
      • Table Global UV curing coatings market by application in 2016 and 2021
    • Global UV curing coatings market in wood coating applications
      • Table Global UV curing coatings market in wood coating applications 2016 and 2021 ($millions)
      • Table Market forecast: Global UV curing coatings market in wood coating applications2016-2021
    • Global UV curing coatings market in conformal coating applications
      • Table Global UV curing coatings market in conformal coating applications 2016 and 2021($ millions)
      • Table Market forecast: Global UV curing coatings market in conformal coating applications2016-2021
    • Global UV curing coatings market in overprint varnish applications
      • Table Global UV curing coatings market in overprint varnish applications 2016 and 2021 ($millions)
      • Table Market forecast: Global UV curing coatings market in overprint varnish applications2016-2021
    • Global UV curing coatings market in plastic applications
      • Table Global UV curing coatings in plastic applications 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings market in plastic applications 2016-2021
    • Global UV curing coatings market in other applications
      • Table Global UV curing coatings market in other applications 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings in other applications 2016-2021
  • Geographical segmentation
    • Global UV curing coatings market by region
      • Table Global UV curing coatings market by region 2016 (% share)
      • Table Global UV curing coatings market by region 2021 (% share)
      • Table Global UV curing coatings market by region in 2016 and 2021
    • UV curing coatings market in APAC
      • Table UV curing coatings market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: UV curing coatings market in APAC 2016- 2021
    • UV curing coatings market in the Americas
      • Table UV curing coatings market in the Americas 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings market in the Americas 2016-2021
    • UV curing coatings market in Europe
      • Table Global UV curing coatings market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Global UV curing coatings market in Europe 2016-2021
    • UV curing coatings market in ROW
      • Table Global UV curing coatings market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: UV curing coatings market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Diversified applications of UV curing coatings
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
    • Key vendors in the global UV curing coatings market
      • Table Key vendors in the global UV curing coatings market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Akzo Nobel
      • Table Akzo Nobel: Business segmentation by revenue 2016 (% share)
      • Table Akzo Nobel: Application segmentation by revenue 2016 (% share)
      • Table Akzo Nobel: Geographical segmentation by revenue 2016 (% share)
    • allnex
      • Table allnex: Segmentation by product type
      • Table allnex: Segmentation by application
      • Table allnex: Geographical segmentation by revenue 2016 (% share)
    • Hitachi Chemical
      • Table Hitachi Chemical: Business segmentation by revenue 2017 (% share)
      • Table Hitachi Chemical: Geographical segmentation by revenue 2017 (% share)
    • PPG Industries
      • Table PPG Industries: Product segmentation by revenue 2016 (% share)
      • Table PPG Industries: Business segmentation by end-users 2016
      • Table PPG Industries: Geographical segmentation by revenue 2016 (% share)
    • The Sherwin-Williams
      • Table The Sherwin-Williams: Segmentation based on application 2016
      • Table The Sherwin-Williams: Business segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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