The Global Radiation Cure Coatings Market size is projected to reach USD X.X billion by 2028 from USD 1.2 billion in 2018 at a CAGR of 2.3% over the forecast period from 2021-2028. The global radiation cure coatings market is driven primarily by an increase in demand for UV energy-based coating solutions especially acrylics due to their excellent performance properties such as superior durability and scratch resistance which are required for automotive surfaces including body panels, bumpers, etc., other benefits being a high gloss, solventless coatings, and faster curing times. In terms of volume, the automotive headlight coatings segment is expected to account for the largest share in the global radiation cured coatings market by 2028 owing to growth in demand for UV-cured coatings in this application area.
Radiation cure coatings are advanced coatings that use radiation to cure the coating material. The radiation can be ultraviolet (UV) energy, visible light, or low-energy electrons. This type of curing produces a very hard and durable finish, making it ideal for high-performance applications. Radiation cured coatings have many benefits over conventional coating methods. For example, they can be applied to a part in its final configuration because the radiation only affects the exposed areas. This saves time and money compared to other coatings where pre-production finishing is required due to an additional step during the production of applying paint or primer prior to curing it with heat. Radiation cure coatings can also be applied to a wide variety of substrates. This makes them suitable for nearly every application, including wood coatings and automotive headlight coatings as well as overprint varnishes and photopolymer printing plates.
On the basis of Type, the global radiation cure coatings market is segmented into UV energy, visible light, and low energy electrons.
UV energy radiation cure coatings are a type of coating that uses ultraviolet (UV) light to cure the coating. This type of radiation cure is faster and more efficient than other methods, such as traditional solvent-based coatings. UV energy radiation cure coatings can be used on a variety of surfaces, including wood, metal, and plastic. UV radiation cure coatings work by using ultraviolet energy to initiate a curing reaction. This reaction causes the coating to harden and form a protective barrier. The UV energy will also cause any pigments in the coating to dry, which results in a colorful finish.
The use of UV radiation is very popular because it is an efficient way to cure coatings. It also produces very little heat, which is beneficial for delicate surfaces. In addition, UV radiation can be used to cure coatings in a short amount of time, which makes it a popular choice for industrial applications. UV radiation cure coatings are available in three different types: energy cured, photoinitiated and self-curing. Energy-cured coatings are the most common type and they cure when exposed to UV energy. Photoinitiated coatings cure when they are exposed to both UV energy and light. This type of coating is popular for applications that require a high level of gloss or clarity. Self-curing coatings cure without any external stimuli and are the most durable type of radiation cure coatings.
Visible light radiation cure coatings are a type of ultraviolet (UV) energy, visible light, and low electron beam curable coating. Visible Light Radiation Cure Coatings have high optical efficiency and provide good scratch resistance properties to protect the surface from scratches during the manufacturing process or transportation. Visible light radiation cure coatings work by using a controlled process that exposes the photoinitiator and polymer on the substrate under ultra-violet (UV) or visible lights. The finished product is then heated to form an adhesion bond between two substrates, which can also be referred to as “bonding” or “curing.” The curing process is complete when the photoinitiator and polymer are converted into a solid film. This type of radiation cure coatings has gained immense popularity in recent years because it offers many advantages over traditional solvent-based coating methods. It is non-toxic, environmentally friendly, and produces little to no waste. In addition, radiation cure coatings are more durable and can withstand extreme temperatures and weather conditions.
Low-energy electrons cure coatings are a type of radiation cure coating that uses low-energy electrons to cure the coating. This type of curing is typically slower than other types of radiation curing, but it can provide a more consistent and durable finish. Low-energy electron cure coatings are often used in applications where high-quality finishes are required, such as in automotive headlight coatings. Low-energy electron beams can be applied directly to the surface of the substrate or coated materials for proper processing. This process uses an electron gun to produce a beam of low-energy electrons that is directed at the coated material. The energy from these electrons will cause the radiation-curable coating to polymerize and form a solid film. In general, this technology is used for coatings that require a very short curing time or substrates that are difficult to heat.
On the basis of Application, the global radiation cure coatings market is segmented into wood coatings, automotive headlight coatings, overprint varnishes, and photopolymer printing plates.
On the basis of Region, the global radiation cure coatings market is segmented into North America, Latin America, Europe Asia Pacific, and Middle East & Africa. North America is expected to have the highest market share in the radiation cure coatings industry. This growth can be attributed to rising demand for coating systems from various end-use industries, such as wood protective coatings and automotive headlight composites owing to their low VOC emissions along with increasing geriatric population base due to rise in disposable income levels among people.
However, Asia Pacific is expected to witness the highest CAGR during the forecast period. The growth of this region can be attributed to a rise in demand for coating systems from various end-use industries such as wood protective coatings and automotive headlight composites owing to their low VOC emissions along with increasing geriatric population base due to a rise in disposable income levels among people.
The market status of radiation cure coatings in the Middle East & Africa is expected to be moderately growing during the forecast period. The demand for radiation cure coatings is increasing owing to their properties such as excellent adhesion, scratch resistance, and chemical resistance. These factors are fueling the demand for radiation cure coatings in various applications such as wood coatings, automotive headlight coatings, overprint varnishes, and photopolymer printing plates.
-Growing demand for UV energy coatings to be used in the wood industry.
-Advancement in technology of low-energy electron curing units.
-Rising application of radiation cure coatings in photopolymer printing plates and overprint varnishes.
-Increasing application of radiation cure coatings In the automotive headlight coating market.
-Rising demand for overprint varnishes and photopolymer printing plates in the packaging industry.
-The increasing demand for radiation cure coatings from the Asia Pacific region is expected to drive the growth of the market during the forecast period.
Up Market Research published a new report titled “Radiation Cure Coatings Market research report which is segmented by Types (UV Energy, Visible Light, Low Energy Electrons), By Applications (Wood Coatings, Automotive Headlight Coatings, Overprint Varnishes, Photopolymer Printing Plates), By Players/Companies BASF, Chongqing Changfeng Chemical, Cytec Industries, Dainichiseika Color & Chemicals, DSM, Sartomer”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Radiation Cure Coatings Market Research Report|
|By Type||UV Energy, Visible Light, Low Energy Electrons|
|By Application||Wood Coatings, Automotive Headlight Coatings, Overprint Varnishes, Photopolymer Printing Plates|
|By Companies||BASF, Chongqing Changfeng Chemical, Cytec Industries, Dainichiseika Color & Chemicals, DSM, Sartomer|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||220|
|Number of Tables & Figures||154|
|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 UV Energy, Visible Light, Low Energy Electrons and By Application Wood Coatings, Automotive Headlight Coatings, Overprint Varnishes, Photopolymer Printing Plates.
Some of the companies that are profiled in this report are:
Radiation Cure 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.
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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 Cure 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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