Radiation Curable Coatings Market - By Type (UV Curable Coatings, EB Curable Coatings), By Function (Scratch-Resistant, UV Protection, Chemical-Resistant, High-Gloss, Matte and Satin), By Application, By End-use & Forecast, 2023 - 2032
Radiation curable coatings market size will grow at 5.9% CAGR from 2023 to 2032. The growing environmental concerns are pushing several industries to adopt eco-friendly coating solutions to produce minimal volatile organic compounds (VOCs) with lower energy consumption.
The expansion of end-user industries, such as automotive, electronics, printing inks and packaging is also anticipated to proliferate the sales of radiation curable coatings to offer fast-curing properties to enhance production efficiency and reduce downtime. For instance, in October 2023, Evonik Coating Additives introduced a unique and radically cross linkable additive for the radiation-curing coatings and inks by expanded its TEGO® Rad portfolio of customized silicone acrylates. The rising technological advancements in UV and electron beam curing systems for making the coatings more accessible and effective will further augment the industry growth.
The market is categorized based on type, function, application, end-use, and region.
Based on type, the EB curable coatings market will reflect substantial CAGR during 2023-2032. The rising demand for low-VOC coatings have led to the advancements in EB curing technology. The increasing application scope in industries requiring rapid, eco-friendly curing solutions will also drive the segment growth.
Based on function, the chemical-resistant segment is anticipated to account for a sizeable revenue share of the radiation curable coatings market during the analysis period. The need for protective coatings in corrosive environments and increasing chemical processing industries will drive the segment growth. Moreover, the growing emphasis on durability and maintenance will also add to the preference for radiation-curable coatings to offer exceptional chemical resistance properties.
The industry share from the electronic products application segment will exhibit commendable CAGR through 2032. The swiftly expanding electronics sector and the growing demand for coatings with UV resistance & high performance will fuel the segment growth. Furthermore, the emerging trend of miniaturization along with the surging requirement for precise, rapid-curing coatings for electronic components and devices will contribute to the product application outlook.
Regionally, the Asia Pacific radiation curable coatings industry will grow at robust CAGR through 2032. The growth can be attributed to the expanding manufacturing sector and stringent environmental regulations favoring low-VOC coatings in the region. The rapid growth of electronics, automotive, and packaging industries will also drive the regional market development.
- Chapter 1 Methodology & Scope
- 1.1 Industry coverage
- 1.2 Market scope & definition
- 1.3 Base estimates & calculations
- 1.3.1 Data collection
- 1.4 Forecast parameters
- 1.5 COVID-19 impact analysis at global level
- 1.6 Data validation
- 1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
- 1.7.2.1 Paid sources
- 1.7.2.2 Unpaid sources
- Chapter 2 Executive Summary
- 2.1 Radiation curable coatings industry 360 degree synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Type trends
- 2.4 Function trends
- 2.5 Application trends
- 2.6 End-use trends
- 2.7 Regional trends
- Chapter 3 Radiation Curable Coatings Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
- 3.3 Growth potential analysis
- 3.3.1 By type
- 3.3.2 By function
- 3.3.3 By application
- 3.3.4 By end-use
- 3.4 COVID- 19 impact analysis
- 3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
- 3.6 Pricing analysis, 2022
- 3.7 Technology landscape
- 3.7.1 Future market trends
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
- 3.10 Impact of Russia Ukraine war
- Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company matrix analysis, 2022
- 4.3 Global company market share analysis, 2022
- 4.4 Competitive positioning matrix
- 4.5 Strategy dashboard
- Chapter 5 Radiation Curable Coatings Market Size and Forecast, By Type 2018 - 2032
- 5.1 UV Curable Coatings
- 5.2 EB Curable Coatings
- Chapter 6 Radiation Curable Coatings Market Size and Forecast, By Function 2018 - 2032
- 6.1 Scratch-Resistant
- 6.2 UV Protection
- 6.3 Chemical-Resistant
- 6.4 High-Gloss
- 6.5 Matte and Satin
- Chapter 7 Radiation Curable Coatings Market Size and Forecast, By Application 2018 - 2032
- 7.1 Paper & Film Coatings
- 7.2 Printing Inks
- 7.3 Wood
- 7.4 Plastics
- 7.5 Electronic Products
- 7.6 Others
- Chapter 8 Radiation Curable Coatings Market Size and Forecast, By End-use 2018 - 2032
- 8.1 Wood Coatings
- 8.2 Metal Coatings
- 8.3 Plastic Coatings
- 8.4 Printed Materials
- 8.5 Electronic Components
- 8.6 Optical Coatings
- 8.7 Automotive Coatings
- 8.8 Aerospace Coatings
- 8.9 Other
- Chapter 9 Radiation Curable Coatings Market Size and Forecast, By Region 2018 - 2032
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Malaysia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Egypt
- Chapter 10 Company Profiles
- 10.1 BASF SE
- 10.2 DSM Coating Resins
- 10.3 Allnex
- 10.4 Covestro AG
- 10.5 Bayer MaterialScience AG (now part of Covestro)
- 10.6 Royal DSM N.V.
- 10.7 Eternal Materials Co., Ltd.
- 10.8 Sartomer (a subsidiary of Arkema)
- 10.9 Bomix Chemie GmbH
- 10.10 Red Spot Paint & Varnish Co., Inc.
- 10.11 Miwon Specialty Chemical Co., Ltd.
- 10.12 IGM Resins B.V.
- 10.13 Dymax Corporation
- 10.14 Toyo Ink SC Holdings Co., Ltd.
- 10.15 BASF-YPC Co., Ltd.
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