UV Coatings market size was valued at US$ 4.73 Billion in 2020 and the UV Coatings Market revenue is expected to grow at 8.70% through 2021 to 2027, reaching nearly US$ 8.48 Billion.
This is a type of surface treatment that can be used on a variety of substrates such as plastic, paper, glass, wood, metals, and others. The use of 100% solids UV, a combination of monomers, oligomers, and photoinitiators that do not require carrier fluids to flash during the drying and curing process, is becoming more popular. UV coatings are well-known for their outstanding characteristics, which include a glossy finish, excellent clarity, quick drying, abrasion resistance, adaptability, and drying speed. Because of these characteristics, they are finding new applications in a variety of industries.
Introduction of UV Coatings market:
Stellar Market Research report is a user-friendly library of a UV Coatings market report database that provides comprehensive reports with in-depth analyses of market trends, segments, top investments, value chain, regional landscape, and competitive scenario.
Stellar Market Research's expert group published each insight presented in the report, which is derived from primary interviews with top officials from leading companies in the domain in question. The report's secondary data research methodology includes extensive online and offline research as well as discussions with industry experts and analysts. In the report, UV Coatings market reports, industry trends on a macro level have been explained, which is expected to aid in determining an outline market landscape and potential future issues.
UV Coatings Market Overview:
The report analyzes the current UV Coatings market in depth and forecasts performance over the forecast period. The report profiles the key market criteria to assist stakeholders in making informed business decisions. The report provides an overview of the UV Coatings market, highlighting standard topics and providing data that can be customized as needed. The report provides insight into the UV Coatings market, which aids in understanding future product demand and competitiveness. Market Overview provides detailed information on market size, regional share, and market player benchmarking. The report assists in providing complete knowledge of the UV Coatings market in order to redefine business strategies and fully utilize them.
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UV Coatings Market Key players:
AkzoNobel N.V. (Netherlands)
The Dow Chemical Company (United States)
PPG Industries Inc. (United States)
3M (United States)
Asian Paints Ltd. (India)
The Valspar Corporation (United States)
The Sherwin-Williams Company (United States)
DIC Corporation (Japan)
Axalta Coating Systems LLC (United States)
Royals DSM N.V. (Netherlands)
ACG Industrie (France)
BASF SE (Germany)
Glidden (United States)
UV Coatings Market Dynamics:
Because fossil fuels account for a significant portion of global energy production, reducing energy consumption equals reducing greenhouse gas emissions. Businesses may rely on UV coatings as an essential tool to help reduce their environmental footprint by reducing both air pollution and overall greenhouse gas emissions, especially as new greenhouse gas emission-reduction measures loom on the horizon. This has a positive impact on the UV Coatings Market during the forecast period.
UV Coatings Market Segmentation:
In 2020, the monomers segment accounted for more than 40% of the UV coatings market. Monomers are molecules with a low molecular weight that reduce the viscosity of a solution. They're also non-flammable and have a pleasant odor. Acrylic acid esters and simple monofunctional/multifunctional polyols are examples of monomers.
Water-based coatings accounted for more than 38% of the UV coatings market in 2020. The primary reason for this is that water-based UV coatings can be cleaned with water rather than expensive chemicals. Water-based coatings are also popular because they are non-flammable. Prospects for the coating technology market reflect environmental concerns and, as a result, are governed by legislation.
Polyesters, epoxies, urethanes, silicones, and acrylates are just a few of the UV-curable resins available on the UV coatings market. The majority of these resins are acrylic-functionalized free-radical curing oligomers that cure in a matter of seconds. Acrylic resins are resistant to hydrolysis, weathering, and glare. They can also color coat solutions. Acrylic coatings are primarily used in the construction industry for high-finishing in rods, bridges, floors, decks, and other surfaces.
Prime Reasons to purchase a UV Coatings Market report:
The goal of the UV Coatings market report is to help consumers to gain more information and a clearer understanding of the industry. The UV Coatings market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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UV Coatings Market , UV Coatings Market Size , UV Coatings Market Share , UV Coatings Market Growth , UV Coatings Market Trends
Mar 11, 2023
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