Worldwide UV-Cured Coatings Industry to 2026 - Featuring Akzo Nobel, Cardinal Paint and PPG Industries Among Others - ResearchAndMarkets.com

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DUBLIN, October 22, 2021--(BUSINESS WIRE)--The "Global UV-Cured Coatings Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Ultra Violet Curing, or UV Curing, is a photochemical process that uses ultraviolet light for the curing of inks and coatings. The ultraviolet energy ensures quicker drying of the coatings when compared to heat. It is used over traditional methods for curing that are energy-intensive and generate harmful emissions. UV-Cured Coating is an eco-friendly solution. It increases production speed and improves scratch & solvent resistance.

However, UV-Curing must be done precisely, and inhibition of oxygen while curing may cause the top layers to be sticky or wet, which affects the long term reliability of the coating. According to the publisher, the global UV-Cured Coatings market is expected to witness a significant growth rate & is expected to grow by a CAGR of approx 7% in the forecast period.

The major factors driving the UV-Cured Coatings market are increasing demand from the end-user industry and stringent environmental norms. UV-Cured Coatings are intensively used in the automotive industry. They are used in various parts of the vehicles. UV-curing is an environmentally friendly approach due to which the industries are practicing this over the traditional methods owing to the rules and regulations set by their governments. The high initial costs of the UV-Curing facility may act as a restraint for the market.

In terms of Resin type, the epoxy acrylates type of UV-Cured coatings is expected to have the largest market share owing to its better chemical and mechanical properties.

Based on the region, Asia-Pacific is likely to dominate the market due to the presence of a large number of end-users in these locations. The governments have made stringent environmental norms due to which industries need to follow environmentally safe and friendly processes. The Indian government is planning to construct approximately 100 airports in the country by the next decade, which will increase the demand for commercial planes. This trend of capacity additions further increases the demand for UV-Cured Coatings in MRO services.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Regulatory Policies

3.7 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

4.2.1 Competition in the Industry

4.2.2 Potential of New Entrants into the Industry

4.2.3 Bargaining Power of Suppliers

4.2.4 Bargaining Power of Consumers

4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

5.1 By Resin Type

5.1.1 Epoxy

5.1.2 Polyester

5.1.3 Urethane

5.1.4 Other Resin Types

5.2 By Application

5.2.1 Aerospace

5.2.2 Automotive

5.2.3 Wood

5.2.4 Printing Ink

5.2.5 Other Applications

6. Regional Market Analysis

7. Key Company Profiles

7.1 Akzo Nobel N.V.

7.2 Ashland Global Specialty Chemicals Inc.

7.3 Axalta Coating Systems

7.4 Cardinal Paint

7.5 Dymax Corporation

7.6 Jainco Industry Chemicals

7.7 Keyland Polymer

7.8 Koninklijke DSM N.V.

7.9 Master Bond

7.10 Nippon Paint Holdings Co., Ltd.

7.11 PPG Industries, Inc.

7.12 Protech Powder Coating Inc

7.13 Red Spot Paint & Varnish Company

7.14 Seagrave Coatings Corp.

7.15 Sherwin-Williams Company

7.16 The Valspar Corporation

7.17 Watson Coatings, Inc.

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/rcvun9

View source version on businesswire.com: https://www.businesswire.com/news/home/20211022005286/en/

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