The Global Radiation Curable Coatings Market size is expected to reach USD 3.7 billion by 2028, at a CAGR of 5.5% during the forecast period 2021-2028. The major factors driving the growth of this market are increasing industrialization in emerging economies and growing demand for environmentally friendly products from developing countries. Moreover, increased use of coated paper and plastic packaging materials due to convenience in handling have also boosted the growth prospects of the industry over the past few years.
Radiation Curable Coatings are a type of coating that cures after the application of an electromagnetic field. The polymerization process is initiated by irradiation with an ultraviolet light or electron beams. A number of additives can be mixed to increase the efficiency of these coatings under various conditions like water resistance, heat resistance, etc.
On the basis of Types, the market is segmented into Oligomers, Monomers, Photoinitiators, and Additives.
Oligomers are made up of low molecular weight molecules that have been chemically bonded together to form polymers. These compounds may be linear or branched, and the bond is formed by condensing two small molecules into a larger one through a process called polymerization; it can also occur without heat. In radiation curing applications, these oligomers serve as monomer precursors because they react with photoinitiators in this type of application.
Monomers are the building blocks of polymers. They combine with other monomers to form long chains that become polymer molecules once they harden, which is what happens when a substance undergoes curing (a process in which substances cross-link and cure over time). Monomers can be natural or manmade.
Additives are chemical substances that either act as a catalyst or an inhibitor in order to control the reactivity, viscosity, and compatibility of coatings. Additives can also be used for improved coating performance such as durability, thermal stability, etc. They are broadly classified into three categories: reactive additives, non-reactive additives, and retardants.
On the basis of Application, the market is segmented into Paper & Film Coatings, Printing Inks, Wood, Plastic and Electronic Products.
Radiation-curable coatings are used in Paper and Film Coatings, which include architectural paper; commercial and graphic printing papers such as offset or litho papers for newspaper production. These products can be coated with a radiation-curable coating to make them more resistant against wear, abrasion, and light exposure.
Radiation curable coatings also provide protection from corrosion of the substrate surface (paper) by chemicals that come into contact with it during processing at a print shop. The same is true for wood substrates exposed to various types of treatment including finishing processes like varnishes or lacquers.
Radiation curable coatings are used in printing ink to provide a protective barrier against ultraviolet (UV) light, water, and oxygen. In the case of UV exposure, it is possible for photoinitiators present in the coating formulation to react with breakdown products from chemical reactions caused by UV radiation such as free radicals or excited molecular intermediates; these reactions can cause cross-linking which leads to increased hardness and durability of the printed image.
The wood can be given a durable finish by using these coatings. The radiation-curable coating prevents the wood from wear and tear, insect damage, and weathering. In addition to this, it also provides protection against fire. This type of coating is usually applied over an already finished surface or as the finishing process in place of paints that are not waterproof enough for use outdoors.
Radiation curable coating plays an important role in plastic applications. It provides protection, gloss, and color to plastics by forming a tough crosslinked polymer matrix on the surface of the product. Radiated coatings are used for all types of construction designs such as decorative furniture, architectural elements, or toys that need extra strength and durability.
Radiation curable coatings are used in electronic products to protect the surface of electronics. These coatings offer protection from particle contamination, corrosion, and scratches while also providing a finish that is resistant to water-based stains and UV light exposure.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to dominate the global radiation curable coatings market during the forecast period. In North America, paper & film coating applications are dominating owing to their extensive use across various industries and high demand from end-users. High-end projects of construction companies are driving these application sectors in this region.
Up Market Research published a new report titled “Radiation Curable Coatings Market research report which is segmented by Types (Oligomers, Monomers, Photoinitiators, Additives), By Applications (Paper & film coatings, Printing inks, Wood, Plastics, Electronic products), By Players/Companies BASF, DSM, Cytec, DIC, Akzo Nobel, Alpha Coating Technologies, Arkema, Asian Paints, Axalta Coating Systems, Berger Paints, Cardinal, CMP, DuPont, Dymax, Hempel, Henkel, IGP Pulvertechnik, Kansai Altan, Protech Powder Coatings, Red Spot, Sherwin Williams, Sika, Yip's Chemical”.
Report Attributes | Report Details |
Report Title | Radiation Curable Coatings Market Research Report |
By Type | Oligomers, Monomers, Photoinitiators, Additives |
By Application | Paper & film coatings, Printing inks, Wood, Plastics, Electronic products |
By Companies | BASF, DSM, Cytec, DIC, Akzo Nobel, Alpha Coating Technologies, Arkema, Asian Paints, Axalta Coating Systems, Berger Paints, Cardinal, CMP, DuPont, Dymax, Hempel, Henkel, IGP Pulvertechnik, Kansai Altan, Protech Powder Coatings, Red Spot, Sherwin Williams, Sika, Yip's Chemical |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 224 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Oligomers, Monomers, Photoinitiators, Additives and By Application Paper & film coatings, Printing inks, Wood, Plastics, Electronic products.
Some of the companies that are profiled in this report are:
Radiation Curable Coatings Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Radiation Curable Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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