UV Coatings Market, By Base Type (Water-based, Solvent-based), By Composition (Monomers Oligomers (Polyester, Polyether, Polyurethane), Epoxy resins, Photo-initiator, Additives), By End-use Industry (Wood & Furniture, Electronics, Automotive, Paper & Pack

UV Coatings Market, By Base Type (Water-based, Solvent-based), By Composition (Monomers Oligomers (Polyester, Polyether, Polyurethane), Epoxy resins, Photo-initiator, Additives), By End-use Industry (Wood & Furniture, Electronics, Automotive, Paper & Packaging, Industrial Coatings, Buildings & Construction), By Region (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excl. Japan), Japan, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

UV Coatings is eco-friendly compound that is mainly used to inhibit harmful UV rays coming from the Sun. The UV rays degrades the color quality of paper and plastics and hence, UV coating on paper, wood and plastics material provides the required protection and gloss to the surface. UV coatings are mainly available as water-based coatings and solvent based coatings. UV coatings are manufactured using various compositions such as Monomers, Oligomers (Polyesters, Polyethers, etc.), additives and photo-initiator. In terms of UV coatings end-use, UV coatings is majorly used in Paper & Packaging and Wood Furnishing industry. Other end uses of UV coatings include, Electronics, Automotive, Building & Construction, etc.
Market Dynamics
Asian UV Coatings production is dominated by Water based UV coatings mainly used in the printing industry. For instance, Indian printing industry is growing at a CAGR of 12% since past 15 years according to Printing & Allied Machinery Industry (PAMEX). Growing demand for packaged printing, digital printing and commercial printing is estimated to drive the demand for UV Coatings market in Asia.
Growing demand for eco-friendly coatings and rising demand from the automotive industry for eco-friendly solutions is projected to increase the demand for UV Coatings globally. However, restrictions on some UV coatings for food packaging application is hampering the growth of UV coatings market globally.
Key features of the study:
This report provides in-depth analysis of UV Coatings market ,market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the Global UV Coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation
Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The Global UV Coatings market report caters to various stakeholders in this industry including investors, suppliers, UV Coatings manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global UV Coatings market
Detailed Segmentation:
Global UV Coatings Market, By Base Type:
Water-based
Solvent-based
Global UV Coatings Market, By Composition:
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
Global UV Coatings Market, By End-use Industry:
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Global UV Coatings Market, By Region:
North America
U.S.
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Canada
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Latin America
Brazil
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Argentina
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Mexico
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Rest of Latin America
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Western Europe
Germany
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
U.K
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
France
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Italy
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Spain
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Nordic
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Benelux
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Rest of Western Europe
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Eastern Europe
Russia
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Poland
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Rest of Eastern Europe
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Japan
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Asia Pacific (excl. Japan)
China
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
India
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
ASEAN
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Oceania
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Rest of APEJ
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Middle East & Africa
GCC
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
South Africa
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Rest of MEA
By Base Type
Water-based
Solvent-based
By Composition
Monomers
Oligomers
Polyester
Polyether
Polyurethane
Epoxy resins
Photo-initiator
Additives
By End Use
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction
Company Profiles
BASF SE*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Akzo Nobel N.V
Arkema Group
PPG Industries
Axalta Coating System LLC,
The Valspar Corporation
The Sherwin-Williams Company
Croda International Plc.
Watson Coatings Inc.
Allenx Belgium SA
Sokan New Materials
Dymax Corporation
“*” marked represents similar segmentation in other categories in the respective section.