According to a new market report published by Lucintel, the future of the global UV cured coatings market looks good with opportunities in industrial, electronics and graphic arts industries. The global UV cured coatings market is forecast to grow at a CAGR of 7.0% from 2016 to 2021. The major growth drivers for this market are stringent environmental regulations, growing awareness to reduce volatile organic compounds (VOC) emissions, and growth in end use industries.
Browse 48 market data tables and 87 figures spread through 151 pages and in-depth TOC on “Global UV Cured Coatings Market"
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In this market, epoxy, polyester, urethane, and others are the major chemical types used in UV cured coatings applications. On the basis of its comprehensive research, Lucintel forecasts that the demand for epoxy acrylates based UV cured coatings is expected to remain the largest segment due to its better chemical and mechanical properties.
Within the UV cured coatings market, the wood coatings segment is expected to remain the largest segment by value and volume consumption. Increase in infrastructure spending, particularly for the residential and commercial sector across the globe is expected to spur growth for this segment over the forecast period.
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Asia Pacific is expected to remain the largest market due to economic growth, increasing investment in infrastructure in China, India and Japan, and increasing production of electronics.
Rest of the World is expected to witness highest growth over the forecast period due to growth in end use industries and increasing investments in infrastructure are projected to drive the demand.
For business expansion, the report suggests innovation and new product development to reduce curing time and develop coatings with low volatile organic compounds (VOC). The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for end users.
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Emerging trends, which have a direct impact on the dynamics of the market, includes the adoption of bio-based resins in the UV cured coatings market, development of high performance coatings, and adoption of powder UV cured coatings. AkzoNobel N.V., PPG Industries, Sherwin-Williams Company, Valspar Corporation, and Axalta Coatings Systems are among the major suppliers of UV cured coatings. There are some companies that are opting for merger & acquisition as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for the global UV cured coatings market by application type, end use type, chemical type, and region and has come up with a comprehensive research report, “Growth Opportunities for the Global UV Cured Coatings Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global UV cured coatings market by application type, end use type, chemical type, and region as follows:
UV cured coatings market by application type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Wood Coatings
Plastic Coatings
Overprint Varnishes
Conformal Coatings
Other Coatings
UV cured coatings market by end use type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Industrial Coatings
Electronic Coatings
Graphic Arts
UV cured coatings market by chemical type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Epoxy Acrylates
Polyester Acrylates
Urethane Acrylates
Others
UV cured coatings market by region, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
North America
Europe
Asia Pacific
Rest of World
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This 151-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/global_uv_cured_coatings_market_2016_2021.aspx or helpdesk@lucintel.com
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