Growth Opportunities for the Global UV Cured Coatings Market 2016-2021
According to a new market report published by Lucintel, the future of the global UV curedcoatings market looks good with opportunities in industrial, electronics and graphic arts industries.The global UV cured coatings market is forecast to grow at a CAGR of 7.0% from 2016 to 2021.The major growth drivers for this market are stringent environmental regulations, growingawareness to reduce volatile organic compounds (VOC) emissions, and growth in end useindustries.
In this market, epoxy, polyester, urethane, and others are the major chemical types used in UVcured coatings applications. On the basis of its comprehensive research, Lucintel forecasts thatthe demand for epoxy acrylates based UV cured coatings is expected to remain the largestsegment due to its better chemical and mechanical properties.
Within the UV cured coatings market, the wood coatings segment is expected to remain thelargest segment by value and volume consumption. Increase in infrastructure spending,particularly for the residential and commercial sector across the globe is expected to spur growthfor this segment over the forecast period. Asia Pacific is expected to remain the largest marketdue to economic growth, increasing investment in infrastructure in China, India and Japan, andincreasing production of electronics.
Rest of the World is expected to witness highest growth over the forecast period due to growth inend use industries and increasing investments in infrastructure are projected to drive the demand.For business expansion, the report suggests innovation and new product development to reducecuring time and develop coatings with low volatile organic compounds (VOC). The report furthersuggests the development of partnerships with customers to create win-win situations and thedevelopment of low-cost solutions for end users.
Emerging trends, which have a direct impact on the dynamics of the market, includes theadoption of bio-based resins in the UV cured coatings market, development of high performancecoatings, and adoption of powder UV cured coatings. AkzoNobel N.V., PPG Industries, Sherwin-Williams Company, Valspar Corporation, and Axalta Coatings Systems are among the majorsuppliers of UV cured coatings. There are some companies that are opting for mer ger &acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growthopportunities for the global UV cured coatings market by application type, end use type, chemicaltype, and region and has come up with a comprehensive research report, “GrowthOpportunities for the Global UV Cured Coatings Market 2016-2021: Trends, Forecast, andOpportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as itprovides a comprehensive data and analysis on trends, key drivers, and directions. The studyincludes a forecast for the global UV cured coatings market by application type, end use type,chemical type, and region as follows:
By application type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Other CoatingsBy end use type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Graphic ArtsBy chemical type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
OthersBy region, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Rest of WorldThis report answers following 11 key questions:
Q.1 How big the opportunities for UV cured coatings market by application type, coatingstechnology type, end use type, chemical type and regions?
Q.2 Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers andchallenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading thesedevelopments?
Q.9. Who are the major players in this market? What strategic initiatives are taken by keyplayers for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. How many M & A activities happened during last 1- 2 years and what are theirimpacts?
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in thismarket. This report will save hundreds of hours of your own personal research time and willsignificantly benefit you in expanding your business in this market. In today’s stringent economy,you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. Thismarket report fulfills this core need and is an indispensable reference guide for multinationalmaterials suppliers, product manufacturers, investors, executives, distributors, and many morethat operate in this market.
Some of the features of “Growth Opportunities for the Global UV Cured Coatings Market 2016-2021: Trend, Forecast, and Opportunity Analysis” include:
Market size estimates: Global UV cured coatings market size estimation in terms ofvolume (M lbs) and value ($ Mil) shipment.
Trend and forecast analysis: Global UV cured coatings trend (2010-2015) and forecast(2016-2021) by region and by segment.
Segmentation analysis: Global UV cured coatings market size by various chemical typessuch as epoxy acrylates, polyester acrylates, urethane acrylates, and others and bydifferent application type such as conformal coatings, overprints, plastics, wood, andothers both in terms of volume and value shipment.
By end use type [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Regional analysis: Global glass UV cured coatings market breakdown by key regionssuch as North America, Europe, Asia Pacific, and Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications andregions.
Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global UV cured coatings suppliers.
Emerging applications: Emerging applications of UV cured coatings in various markets.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.