UV Coatings market is expected to reach $7,590.4 Million by 2019 from $4,594.6 million in 2014, at a CAGR of 10.6%. 2013 market value – $4,225.4 Million
(PRWEB) October 06, 2014
UV curing is a photochemical process in which ultra violet radiations are used to instantly cure coatings. UV coating technology is a highly growing technology of instant curing which is employed on various substrates and cured by the use of ultra violet radiations. The possibility of plummeting in the UV curable coating demand is expected to be very minimal in the future due to its increasing consumption among its end-user segments for various applications. Complete report is available at http://www.reportsnreports.com/reports/299615-uv-coatings-market-by-composition-monomers-oligomers-photoinitiators-others-type-wood-plastic-paper-conformal-display-opv-end-user-industrial-coatings-electronics-graphic-arts-geography-trends-and-forecasts-to-2019.html
The consumption pattern in the UV coatings market varies from region to region, for instance the demand in Asia-Pacific is mainly driven by the electronics segment which is due to elevating demand for high performance electronics. The region is the biggest and the fastest growing market after ROW for UV coatings, consuming more than 45.0% the total global volume in 2013. The scenario is different in Europe, as the region witnesses rising demand in the industrial coating industry, which is mainly in the wood coating, paper coating, and plastic coating segment. On the other hand, the North America UV coating market is mainly driven by the rising consumption of over print varnish segment, mainly in the U.S. Also on the basis of countries, China, Japan, U.S., Germany, and South Korea, are the major consumers of UV curable coatings, with China being at the forefront.
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by various market players, including Akzonobel N.V, Royal DSM N.V, PPG Industries Inc, BASF SE, The Sherwin-Williams Company, The Valspar Corporation, Axalta Coatings Systems, Dymax Corporation, Eternal Chemical Co. Ltd, and DIC Corporation have been profiled in detail. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=299615 .
Currently, the demand of UV curable coatings is dominated by the wood coatings segment that consumed nearly 40% of the total UV curable coatings demanded in 2013 and this demand is increasing at a considerable pace due to their excellent properties and its uses in various applications that include furniture, parquet, decorative panels, and door skins. Display coating is expected to be the strongest growth areas of UV coatings in the near future, driven by the high quality demand of electronics around the globe. Among the end-user industries, the industrial coatings industry holds a share of more than 50% of the total volume of UV coatings in 2013, and the penetration of UV coatings in this segment is anticipated to grow at a notable pace on account of its unmatchable performance.
The key factors driving the industry are identified as increasing environmental awareness driving the demand for green products, elevating electronics market, growth in demand of industrial wood coatings, while increasing scope in new applications & potential markets with low capacities are identified as the major opportunities in the market. Value chain and backward integration is among the key strategies adopted by various market players to sustain their position in the much competitive market. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=299615 .
This study on UV coatings market estimates the demand and value for UV coatings and projects the same by 2019. As a part of quantitative analysis, the study segments the market by composition at a global level, and by type & by end-user segments at a country level with the current market estimation and forecast till 2019. The countries covered in the report are the U.S., Canada, Mexico, China, Japan, Taiwan, South Korea, India, Germany, Sweden, U.K., Italy, Belgium, Switzerland, and Brazil.
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