PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631096
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631096
Global Radiation Cured Coatings Market Size Study, by Application, by Curing Technology, by Chemistry, by Resin Type, and Regional Forecasts 2022-2032
The Global Radiation Cured Coatings Market, valued at approximately USD 9.66 billion in 2023, is projected to expand at a CAGR of 5.48% during the forecast period 2024-2032, reaching an estimated value of USD 15.61 billion by 2032. Radiation-cured coatings, widely recognized for their environmentally friendly and energy-efficient curing processes, have become indispensable in industries ranging from automotive to electronics. These coatings leverage advanced curing technologies such as ultraviolet (UV) and electron beam (EB) systems to deliver enhanced performance, reduced curing times, and minimal environmental impact, making them a favored choice across diverse sectors.
A surge in demand for high-performance, eco-friendly coatings in automotive and industrial applications, coupled with advancements in UV and EB curing technologies, is driving market growth. Radiation-cured coatings are extensively used in packaging to ensure superior aesthetics and functionality, while the electronics sector benefits from their precision and durability. Despite the growth opportunities, the market faces challenges such as high initial investments in curing equipment and technical complexities. However, ongoing innovations in advanced curing techniques and the development of bio-based formulations are expected to address these hurdles effectively.
Regionally, North America leads the market owing to its established automotive and packaging industries and increasing adoption of eco-friendly technologies. Europe, with its stringent environmental regulations and a strong focus on sustainable practices, maintains a significant market share. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth due to rapid industrialization, increased investments in infrastructure, and expanding automotive and electronics sectors in emerging economies like China and India.
Major market players included in this report are:
- AkzoNobel N.V.
- BASF SE
- PPG Industries, Inc.
- The Sherwin-Williams Company
- Valspar Corporation
- Covestro AG
- Evonik Industries AG
- Royal DSM N.V.
- Arkema S.A.
- Allnex Group
- Nippon Paint Holdings Co., Ltd.
- 3M Company
- Sika AG
- Tikkurila OYJ
- Kansai Paint Co., Ltd.
The detailed segments and sub-segments of the market are explained below:
By Application:
- Automotive
- Electronics
- Medical
- Industrial
- Packaging
By Curing Technology:
- Ultraviolet Light Curing
- Electron Beam Curing
- Other Advanced Curing Techniques
By Chemistry:
- Acrylic-Based
- Epoxy-Based
- Polyester-Based
- Silicone-Based
- Urethane-Based
By Resin Type:
- Waterborne
- Solventborne
- High-Solids
- 100% Solids
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical Year: 2022
- Base Year: 2023
- Forecast Period: 2024-2032
Key Takeaways:
- Comprehensive market estimates and forecasts from 2022 to 2032.
- Regional analysis covering major countries and regions.
- In-depth evaluation of the competitive landscape, highlighting key players and their strategies.
- Strategic recommendations for stakeholders to capitalize on emerging trends.
- Comprehensive demand-side and supply-side market analysis.
Table of Contents
Chapter 1. Global Radiation Cured Coatings Market Executive Summary
- 1.1. Global Radiation Cured Coatings Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Curing Technology
- 1.3.3. By Chemistry
- 1.3.4. By Resin Type
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Radiation Cured Coatings Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Radiation Cured Coatings Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand for High-Performance, Eco-friendly Coatings
- 3.1.2. Technological Advancements in UV and EB Curing Technologies
- 3.1.3. Increasing Adoption in Automotive and Industrial Applications
- 3.2. Market Challenges
- 3.2.1. High Initial Investments in Curing Equipment
- 3.2.2. Technical Complexities in Curing Processes
- 3.3. Market Opportunities
- 3.3.1. Innovations in Advanced Curing Techniques
- 3.3.2. Development of Bio-based Formulations
- 3.3.3. Expansion into Emerging Markets
Chapter 4. Global Radiation Cured 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
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Radiation Cured Coatings Market Size & Forecasts by Application 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Radiation Cured Coatings Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Automotive
- 5.2.2. Electronics
- 5.2.3. Medical
- 5.2.4. Industrial
- 5.2.5. Packaging
Chapter 6. Global Radiation Cured Coatings Market Size & Forecasts by Curing Technology 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Radiation Cured Coatings Market: Curing Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Ultraviolet Light Curing
- 6.2.2. Electron Beam Curing
- 6.2.3. Other Advanced Curing Techniques
Chapter 7. Global Radiation Cured Coatings Market Size & Forecasts by Chemistry 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Radiation Cured Coatings Market: Chemistry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Acrylic-Based
- 7.2.2. Epoxy-Based
- 7.2.3. Polyester-Based
- 7.2.4. Silicone-Based
- 7.2.5. Urethane-Based
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. AkzoNobel N.V.
- 8.1.2. BASF SE
- 8.1.3. PPG Industries, Inc.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. AkzoNobel N.V.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. BASF SE
- 8.3.3. PPG Industries, Inc.
- 8.3.4. The Sherwin-Williams Company
- 8.3.5. Valspar Corporation
- 8.3.6. Covestro AG
- 8.3.7. Evonik Industries AG
- 8.3.8. Royal DSM N.V.
- 8.3.9. Arkema S.A.
- 8.3.10. Allnex Group
- 8.3.11. Nippon Paint Holdings Co., Ltd.
- 8.3.12. 3M Company
- 8.3.13. Sika AG
- 8.3.14. Tikkurila OYJ
- 8.3.15. Kansai Paint Co., Ltd.
- 8.3.1. AkzoNobel N.V.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
