North America, driven by Canada and the U.S. radiation curable coatings market size may show high growth owing to rise in chemical manufacturing and optical electronic industries. Shift in consumer spending on home furniture may drive regional industry growth.
— Radiation curable coatings market size should witness a steady growth owing to positive application scope in inks, adhesives and packaging industries. They are surface treatments which are cured by electron beam or UV radiations, which are widely used for materials including glass, wood, paper, and plastics. They are solvent free, which prevents Volatile Organic Compounds (VOCs) releases in atmosphere and protect environment from its negative impact.
It consists of oligomers, monomers, photo-initiators and additives. Polyester, polyether, urethane, acrylic and silicone acrylates are common oligomers. There function is similar to water borne and solvent borne paints which imparts flexibility, strength, and corrosion resistance. Monomer act as solvent in radiation curable coatings and forms cross –linking polymer network, thereby reducing the viscosity. Photo- initiator triggers network formation process and plays a vital role to achieve desired film property. Additives are used in radiation curable coatings to improve and modify functions including pigments, defoamers, viscosity control, and wetting agents.
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Increasing spending on house maintenance along with growing awareness related to long-term monetary saving drives wood coating market size. Global wood coating market is poised to surpass USD 2.5 billion by 2024. Radiation curable coatings protects wood from heat, abrasion and moisture evaporation to prevent dimensional change and preserve structure. It requires low maintenance and improves wood aesthetics, which is applied to flooring, sliding window frame and deck. Increasing consumer awareness for environment friendly and low toxicity may propel radiation curable coatings market size.
The Radiation Curable Coatings Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Radiation Curable Coatings Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Radiation Curable Coatings Product Insights
5. Radiation Curable Coatings Application Insights
6. Radiation Curable Coatings Regional Insights
7. Competitor Profiles
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Radiation curable coatings has strong application outlook in manufacturing semi-conductors and optical electronics owing to high abrasion resistance, speedy curing ability and better optical cable durability. Global optical electronic market may witness growth at over 15% due to increase in mobiles and high-speed internet demand. It enhances surface rigidity, scratch resistance and increases flexibility for bending optical cables.
Growing advertising, labelling and packaging has boosted printing ink market growth demand. Global printing ink market may exceed USD 20.5 billion by 2024. Packaging products plays a significant role in generating brand identity and attract consumers. Radiation curable coatings are eco-friendly and support government initiative to protect environment by minimising VOC emission. Expanding packaging industry mainly in China and India should favour radiation curable coatings market size. They are eco-friendly accompanied by supportive government initiative to protect environment by minimizing VOC emissions.
Reasons to Buy This Report:
1. Radiation Curable Coatings Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Radiation Curable Coatings Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Key renewable raw materials, epoxy acrylates, vinyl ethers, and unsaturated polyesters are used for manufacturing process. These raw materials are expensive which may hinder industry profitability and affect radiation curable coatings market price trend. However, implementation of bio-based materials may create new opportunities in the industry growth.
Global radiation curable coatings market share is fragmented. Key market players are BASF, DSM, Sartomer, Allnex, Dainichiseika and Chongqing Changfeng.
Name: Arun Hedge
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Organization: Global Market Insights
Release ID: 523832