UV Coatings

UV Coatings

Global UV Curable Coatings Market to Reach $12.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for UV Curable Coatings estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$12.5 Billion by 2027, growing at a CAGR of 10.2% over the analysis period 2020-2027. Monomers, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach US$5.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oligomers segment is readjusted to a revised 10.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 13.9% CAGR

The UV Curable Coatings market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 13.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 8.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027.

Photoinitiators Segment to Record 10.4% CAGR

In the global Photoinitiators segment, USA, Canada, Japan, China and Europe will drive the 10.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$285.7 Million in the year 2020 will reach a projected size of US$550.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 11.6% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Akzo Nobel NV
• Ashland Global Holdings Inc.
• Cardinal Paint and Powder, Inc.
• Dymax Corporation
• Jainco Industry Chemicals
• Keyland Polymer Ltd.
• Master Bond, Inc.
• PPG Industries, Inc.
• Protech Powder Coatings Inc.
• Red Spot Paint & Varnish Co., Inc.
• Seagrave Coatings Corp.
• The Sherwin-Williams Company
• Valspar Corporation
• Watson Coatings, Inc.

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