UV Coatings Market Insights:
The UV Coatings Market size was valued at USD 3855.58 Million in 2022, expecting a CAGR of 5.16% during the forecast period (2023-2030), and the market is projected to be worth USD 5766.26 Million by 2030.
The increased adoption of UV Coatings in the Paints, Coatings & Printing Inks industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for UV Coatings also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of UV Coatings in many sectors also boosts the market growth during the forecast period.
UV coating, also known as ultraviolet coating, is a type of coating that is applied to printed materials to provide a glossy, protective layer. It is applied to paper or other printed materials using a special process that involves applying a liquid coating and then curing it using ultraviolet light. The UV coating process involves applying a liquid coating to the printed material, which is then exposed to UV light to cure or harden the coating. The result is a glossy, durable finish that helps to protect the printed material from scratches, moisture, and other damage. UV coating can be used on a variety of printed materials, including business cards, brochures, catalogs, book covers, and packaging.
UV Coatings Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Water-Based, Solvent-Based), By Composition (Monomer, Oligomer, Photo Initiator, Additives), By End Use (Wood & Furniture, Electronics, Automotive), and companies (Arkema Group, BASF SE, Akzo NobelNV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd.s, Watson Coatings Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.16%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||5766.26 Million|
|By Type||Water-Based, Solvent-Based|
|By Composition||Monomer, Oligomer, Photo Initiator, Additives|
|By End Use||Wood & Furniture, Electronics, Automotive|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Arkema Group, BASF SE, Akzo NobelNV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd.s, Watson Coatings Inc.|
The COVID-19 pandemic has had a substantial negative influence on the UV Coatings market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Arkema Group, BASF SE, Akzo NobelNV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin Williams Company, Croda International PLC, Dymax Corporation, Allnex Belgium SA/NV Ltd.s, Watson Coatings Inc.
Market Segment Analysis:
- Photo Initiator
By End Use
- Wood & Furniture
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of UV Coatings industries in the region.
Key UV Coatings Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global UV Coatings Market segments.
– Largest Market Share Held by Industry to Industry for UV Coatings
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the UV Coatings Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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