Global Radiation Curable Coatings Market Size study & Forecast, by Ingredient, by Type, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Radiation Curable Coatings Market is valued at approximately USD 7.70 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030. Radiation curable coatings, that may be applied to a number of materials including wood, metal, glass, plastic, and paper, are polymer coatings that are cured by UV or electron beam radiation. Popular uses for these compositions include the cross-linking of adhesives, inks, and electronics using intense UV or electron beam energy sources. These coatings boost surface properties, use less energy, have a long service life, are corrosion resistant, and perform well. The radiation-cured coatings industry is growing because of low-pollution coatings, highly durable and chemically resistant finishes, and an increase in demand for wood coatings. The growing popularity of automated household items is propelling the usage of radiation curable coatings in the manufacture of domestic electrical appliances such as microwaves, ovens, dishwashers, and refrigerators. Furthermore, the improving environmental compliance of the technology serves as essential for market expansion.

Moreover, the growing wood market can support the growth of the Radiation Curable Coatings Market. As the wood market expands, there is a higher demand for wood-based products such as furniture, flooring, and cabinetry. Radiation curable coatings are commonly used in the wood industry to provide protective finishes that enhance the aesthetics, durability, and resistance of wood surfaces. The growth in the wood market directly translates to a higher demand for radiation curable coatings. According to Statista, in 2022, the wood market was valued USD 152.30 billion and it is anticipated to reach USD 173.4 billion by 2024. Additionally, increasing spending on housing and growing usage of printed electronics provides lucrative opportunities to the market. However, the high material cost and large initial investment cost of Radiation Curable Coatings stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Radiation Curable Coatings Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing due to substantial manufacturing centres in the area, supported by increased investment in the industrial sector and infrastructural projects in emerging nations such as China, India & Indonesia. Also, increasing demand from end-use industries, advantages of radiation curing technology and growing awareness is anticipated to support the market growth. North America is expected to grow significantly during the forecast period, owing to high technical developments and increasing industrialisation in a range of industries such as electronics, automobiles, construction, favorable government policies, and increasing demand for eco-friendly coatings.

Major market player included in this report are:

3M Company
Red Spot Paint & Varnish Company, Inc.
BASF SE
Royal DSM N.V.
Bayer Material Science AG
Evonik Industries AG
Ashland, Inc.
Toyo Ink Group
Sun Chemical Corp
PPG Industries, Inc.

Recent Developments in the Market:

In November 2022, Evonik's Coating Additives business division expanded its offering of UV wood coating deaerators. TEGO Airex 923 is a highly compatible and efficient 100% active organic polymer. UV-curable coatings offer several advantages, including being ecologically benign, practically globally applicable, and having a highly quick, efficient, and productive application procedure. Evonik provides a wide range of defoamers and deaerators with various application characteristics. Evonik introduces TEGO Airex 923, a powerful deaerator for radiation-curing wood and furniture treatments.

Global Radiation Curable Coatings Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Ingredient, Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Ingredient:

Oligomers
Monomers
Photoinitiators
Additives

By Type:

Ultraviolet Curing
Electron Beam Curing

By Application:

Paper and Film
Printing Inks
Plastics
Wood
Glass
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Radiation Curable Coatings Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Radiation Curable Coatings Market, by Ingredient, 2020-2030 (USD Billion)
- 1.2.3. Radiation Curable Coatings Market, by Type, 2020-2030 (USD Billion)
- 1.2.4. Radiation Curable Coatings Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Radiation Curable Coatings Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Radiation Curable Coatings Market Dynamics

3.1. Radiation Curable Coatings Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for wood coatings
  - 3.1.1.2. Growing paints and coatings industry's
- 3.1.2. Market Challenges
  - 3.1.2.1. High Material Cost of Radiation Curable Coatings
  - 3.1.2.2. large initial investment cost
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Spending on Housing
  - 3.1.3.2. Growing Usage in Printed Electronics

Chapter 4. Global Radiation Curable Coatings Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Radiation Curable Coatings Market, by Ingredient

5.1. Market Snapshot
5.2. Global Radiation Curable Coatings Market by Ingredient, Performance - Potential Analysis
5.3. Global Radiation Curable Coatings Market Estimates & Forecasts by Ingredient 2020-2030 (USD Billion)
5.4. Radiation Curable Coatings Market, Sub Segment Analysis
- 5.4.1. Oligomers
- 5.4.2. Monomers
- 5.4.3. Photoinitiators
- 5.4.4. Additives

Chapter 6. Global Radiation Curable Coatings Market, by Type

6.1. Market Snapshot
6.2. Global Radiation Curable Coatings Market by Type, Performance - Potential Analysis
6.3. Global Radiation Curable Coatings Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
6.4. Radiation Curable Coatings Market, Sub Segment Analysis
- 6.4.1. Ultraviolet Curing
- 6.4.2. Electron Beam Curing

Chapter 7. Global Radiation Curable Coatings Market, by Application

7.1. Market Snapshot
7.2. Global Radiation Curable Coatings Market by Application, Performance - Potential Analysis
7.3. Global Radiation Curable Coatings Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Radiation Curable Coatings Market, Sub Segment Analysis
- 7.4.1. Paper and Film
- 7.4.2. Printing Inks
- 7.4.3. Plastics
- 7.4.4. Wood
- 7.4.5. Glass
- 7.4.6. Others

Chapter 8. Global Radiation Curable Coatings Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Radiation Curable Coatings Market, Regional Market Snapshot
8.4. North America Radiation Curable Coatings Market
- 8.4.1. U.S. Radiation Curable Coatings Market
  - 8.4.1.1. Ingredient breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Radiation Curable Coatings Market
8.5. Europe Radiation Curable Coatings Market Snapshot
- 8.5.1. U.K. Radiation Curable Coatings Market
- 8.5.2. Germany Radiation Curable Coatings Market
- 8.5.3. France Radiation Curable Coatings Market
- 8.5.4. Spain Radiation Curable Coatings Market
- 8.5.5. Italy Radiation Curable Coatings Market
- 8.5.6. Rest of Europe Radiation Curable Coatings Market
8.6. Asia-Pacific Radiation Curable Coatings Market Snapshot
- 8.6.1. China Radiation Curable Coatings Market
- 8.6.2. India Radiation Curable Coatings Market
- 8.6.3. Japan Radiation Curable Coatings Market
- 8.6.4. Australia Radiation Curable Coatings Market
- 8.6.5. South Korea Radiation Curable Coatings Market
- 8.6.6. Rest of Asia Pacific Radiation Curable Coatings Market
8.7. Latin America Radiation Curable Coatings Market Snapshot
- 8.7.1. Brazil Radiation Curable Coatings Market
- 8.7.2. Mexico Radiation Curable Coatings Market
8.8. Middle East & Africa Radiation Curable Coatings Market
- 8.8.1. Saudi Arabia Radiation Curable Coatings Market
- 8.8.2. South Africa Radiation Curable Coatings Market
- 8.8.3. Rest of Middle East & Africa Radiation Curable Coatings Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3M Company
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Red Spot Paint & Varnish Company, Inc.
- 9.3.3. BASF SE
- 9.3.4. Royal DSM N.V.
- 9.3.5. Bayer Material Science AG
- 9.3.6. Evonik Industries AG
- 9.3.7. Ashland, Inc.
- 9.3.8. Toyo Ink Group
- 9.3.9. Sun Chemical Corp
- 9.3.10. PPG Industries, Inc.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Radiation Curable Coatings Market, report scope
TABLE 2. Global Radiation Curable Coatings Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Radiation Curable Coatings Market estimates & forecasts by Ingredient 2020-2030 (USD Billion)
TABLE 4. Global Radiation Curable Coatings Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 5. Global Radiation Curable Coatings Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Radiation Curable Coatings Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Radiation Curable Coatings Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Radiation Curable Coatings Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Radiation Curable Coatings Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Radiation Curable Coatings Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Radiation Curable Coatings Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Radiation Curable Coatings Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Radiation Curable Coatings Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Radiation Curable Coatings Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Radiation Curable Coatings Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Radiation Curable Coatings Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Radiation Curable Coatings Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Radiation Curable Coatings Market
TABLE 71. List of primary sources, used in the study of global Radiation Curable Coatings Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Radiation Curable Coatings Market, research methodology
FIG 2. Global Radiation Curable Coatings Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Radiation Curable Coatings Market, key trends 2022
FIG 5. Global Radiation Curable Coatings Market, growth prospects 2023-2030
FIG 6. Global Radiation Curable Coatings Market, porters 5 force model
FIG 7. Global Radiation Curable Coatings Market, pest analysis
FIG 8. Global Radiation Curable Coatings Market, value chain analysis
FIG 9. Global Radiation Curable Coatings Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Radiation Curable Coatings Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Radiation Curable Coatings Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Radiation Curable Coatings Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Radiation Curable Coatings Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Radiation Curable Coatings Market, regional snapshot 2020 & 2030
FIG 15. North America Radiation Curable Coatings Market 2020 & 2030 (USD Billion)
FIG 16. Europe Radiation Curable Coatings Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Radiation Curable Coatings Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Radiation Curable Coatings Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Radiation Curable Coatings Market 2020 & 2030 (USD Billion)