Radiation Cured Products: A Global Strategic Business Report
San Jose, CA (PRWEB) May 06, 2013
Follow us on LinkedIn – Radiation curing is currently a massive industry worldwide driven by the growing popularity of rad-cure coatings, adhesives, and inks. The widespread adoption of radcure technology for a wide spectrum of applications is attributed to several advantages, such as, quicker results, lower VOC emissions, improved physical characteristics, and cost-effectiveness when compared to other competing technologies. Radcure technology is making inroads into major end-use sectors like construction, furniture, medical, and automotive industries, supported by growing awareness about the benefits of the technology. A key factor driving growth in the market is the legislation of stringent environmental regulations the world over. 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 will additionally help fuel growth.
Coatings constitutes the largest product market. High productivity, improved product performance, environmental compliance and cost benefits are driving consumer interest in radcure coating products. Radcure coatings offer robust and dynamic capabilities that help manufacturers to minimize energy expenses and accelerate production. The technology progressively finds utility on thermally sensitive substrates. Additionally, incremental improvements in product performance are widening its adoption in electronics, wood, printing, and packaging industry, among others.
UV cure technology is the most popular radcure technology in the coatings industry as they offer a number of advantages, such as rapid curing, lower energy consumption, and minimized environmental effects. UV cure coatings, which were predominantly used in wood-based applications, are now increasingly being used in newer markets encouraged by regulatory considerations and shifting preferences among formulators. Markets in spotlight for UV cure coatings constitute aerospace, site applied Polyurethane Dispersions (PUDs), direct-to-metal, composite repair, and decking.
Another key segment in the market is radcure inks. Radiation cured ink products 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 in the food industry will be centered upon reducing toxicity and odor in food labeling applications, which in turn will translate into wider application scope and market base for radcure inks. Radiation cured adhesives represents the fastest growing market with growth led by innovations in eco-friendly features. Pressure Sensitive Adhesives (PSAs) represents the fastest-growing end-user of ultraviolet/electron beam curing technology, while laminating glues represents the dominant end-user accounting for a bulk of the total sales.
As stated by the new market research report on Radiation Cured Products, Europe is the largest regional market worldwide. With most applications nearing saturation, newer markets and novel applications are needed to sustain growth in this region. Asia-Pacific represents the fastest growing market with a projected CAGR of 7.6% 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, Ashland Inc., BASF SE, Bayer MaterialScience AG, Craig Adhesives and Coatings, Dexerials Corp., DIC Corp., Sun Chemical Corp., DYMAX Corp., 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 the radiation-cured products market, market trends, growth drivers, segment information including radiation-cured coatings, adhesives, and inks, mergers and acquisitions, other strategic corporate activities, and profiles of major and niche global/regional market players. The report provides market estimates and projections in Metric Tons and in US$ for all major geographic markets including 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.
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