Radiation Cured Products: A Global Strategic Business Report
San Jose, California (PRWEB) January 30, 2015
Follow us on LinkedIn – Radiation curing is a massive industry worldwide, driven by the growing popularity of rad-cure coatings, adhesives, and inks. Other major factors driving growth in the market include innovation in radiation curable chemistries and stringent environment safety norms that encourage environmentally-responsible curing of resins, inks, coatings and adhesives. The adoption of radcure technology in a broad range of applications is attributed to several advantages, such as quicker curing and processing time, lower VOC emissions, improved physical characteristics and cost-effectiveness. Construction, furniture, medical, and automotive industries, represent attractive end-use markets for the radcure technology. In Europe, the VOC Taxation and Clean Air Act are compelling companies to adopt environment-friendly ultraviolet/electron beam curing technologies. Regulatory amendments in developing countries in Asia-Pacific are additionally helping fuel growth.
The coatings market is the largest and the fastest growing segment worldwide, led by the growing popularity of radiation cured coatings for metal surfaces. High productivity, lower energy consumption, improved product performance, environmental compliance, and cost benefits, are driving the use of radiation cured coatings in steel and metal processing plants.Progressive use of radcure coatings on thermally sensitive substrates, as a result of continuous technology innovation, is also expected to benefit growth in the market. Additionally, incremental improvements in product performance are widening its adoption in electronics, wood, printing, and packaging industry, among others. UV cure technology represents the most popular radcure technology in the coatings industry. Radcure inks are witnessing strong growth in the food packaging industry, driven by their ability to increase production output, and maximize safety by eliminating volatile solvents. In the coming years, the focus of R&D activity will center upon reducing toxicity and odor in food labeling applications.
As stated by the new market research report on Radiation Cured Products, Europe represents the largest market worldwide. With most established applications nearing saturation, growth in the region will be driven by the emergence of novel application areas. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 9.7% over the analysis period. Growth in the region is led by strong Chinese demand for ultraviolet and electron beam curing technologies, which are rapidly replacing traditional methods in several applications.
Key players covered in the market include 3M Company, Allnex, Ashland Inc., BASF SE, Bayer MaterialScience AG, Craig Adhesives and Coatings, Dexerials Corp., DIC Corp., Sun Chemical Corp., DYMAX Corp., Evonik Industries AG, Flint Group, FUJIFILM Sericol UK Ltd., LORD Corporation, Momentive, PPG Industries Inc., Red Spot Paint & Varnish Company Inc., Royal DSM N.V., and Toyo Ink Group, among others.
The research report titled “Radiation Cured Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. Product segments analyzed include Radiation-cured Coatings, Radiation-cured Inks, and Radiation-cured Adhesives. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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