UV-cured coatings have emerged as a revolutionary technology in the coatings industry, offering numerous advantages over traditional coating methods. These coatings are rapidly gaining traction across various sectors due to their eco-friendly nature, quick curing times, enhanced durability, and versatile applications. As industries continue to seek sustainable and efficient solutions, the UV-cured coatings market is witnessing substantial growth and innovation.
As per the recent research conducted by a leading market insights provider FMI, the Global UV Cured Coatings Market will expand at a 12.1% CAGR over the forecast period between 2022 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of UV Cured Coatings and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions.
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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the UV Cured Coatings Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the UV Cured Coatings market.
Key UV Cured Coatings Market Takeaways and Projections
- The U.S. will lead the North America UV Cured Coatings market, projecting the fastest growth in the region between 2022 and 2032
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through 2032.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the UV Cured Coatings market.
List of prominent companies including
- Royal DSM N.V.
- Akzo Nobel N.V.
- The Sherwin-Williams Company
- Allnex Belgium SA/NV
- Alberdingk Boley GmbH
- Arkema Group
- BASF SE
- Covestro AG
- Nippon Gohsei
- Wanhua Chemical Group Co., Ltd.
- Miwon Specialty Chemical Co. Ltd
- Hitachi Chemical Company Ltd.
- Eternal Chemical Co. Ltd.
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UV Cured Coatings Demand Analysis by Category
By Composition:
- Oligomers (UV Curable Resins)
- Monomers (Reactive Diluents)
- Pigments and Additives
- Photo initiators
By Chemical Type:
- Epoxy Acrylates
- Polyester Acrylates
- Urethane Acrylates
- Others
By Application:
- Electronics
- Industrial Coatings
- Plastic Coatings
- Metal Coatings
- Wood & Paper Coatings
- Printing Inks
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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