Opportunities of Energy Curable Coatings Global Market 2017 - 2025
The paints & coatings industry is focusing on environmental-friendly technology that can replace harmful chemicals with sustainable material due to the rise in consumer awareness and tighter regulations on VOC emissions. Technologies such as waterborne coatings, powder coatings, and energy curable coatings are shining examples of environmental-friendly technologies. These energy coatings are dried as well as cured with electron beam (EB) sources, as well as UV rays, instead of conventional heat sources, as they require less energy, low cost, and possess quick drying time. Energy curable coatings possess superior gloss and high curing speed. Additionally, they have exceptional adhesion and flexibility and are also environmental-friendly in nature. They are utilized in several end-use applications such as hybrid inks & foil, offline coatings paper, screen coating paperboard, food packaging, electronics, overprint varnish, plastics, and optics.
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The global energy curable coatings market can be segmented based on type, chemical, application, and formulation. Based on type, the market can be classified into UV and EB (electron beam). Both EB and UV curing technologies are advanced, environmentally-friendly, and are more effective methods for curing inks, laminating adhesives, and coatings than water-based or solvent-based technologies. EB technology a considerably powerful industrial coating, which is most suited for low density materials such as polyolefin films and papers, high opacity ink layers, and laminating adhesive layers, while UV technology is more suitable for low optical density based materials such as printed ink, metallic ink, etc. Numerous UV coatings are available in the market with various viscosity grades such as roller coatings, which have low viscosity in the range of 65-200 cps, web offset coatings (160-300 cps), blanket coatings (180-400 cps), cylinder screen coatings (200-500 cps), and ink train coatings (1000-3000 cps).
Based on chemical, the market can be segregated into epoxy acrylates, polyester acrylates, and urethane acrylates. Demand for epoxy acrylates based energy curable coatings is expected to rise significantly during the forecast period due to its better chemical and mechanical properties. Based on application, the market can be segmented into wood, metal, plastic, glass, and paper. The wood application segment dominates the market in terms of value as well as volume consumption. Increase in infrastructure spending, particularly for the residential and commercial sectors across the globe is expected to boost the segment during the forecast period. Based on formulation, the market can be classified into oligomers, monomers, photoinitiators, and additives.
Characteristic properties such as low energy consumption, low volatile organic compound (VOC), rapid curing & drying, coupled with superior hardness and abrasion resistance properties of energy curable coatings are driving the market. However, volatility in raw material prices and high production cost of these coatings are expected to hamper the market. Rising research activities in the field of bio-based materials in the formulation of energy curable coating products is also expected to provide new growth opportunities.
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In terms of geography, the global energy curable coatings market can be segmented into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa.North America is the leading manufacturer as well as consumer of energy curable coatings, followed by Asia Pacific and Europe. The U.S. is the leading market for these coatings due to stringent environmental regulations, increasing adoption of low VOC, eco-friendly, and non-hazardous coatings in the end-user industries in the country. The market in Asia Pacific is expanding rapidly due to the rise in population, rapid economic growth, increase in investment in infrastructure in China, India, and Japan, and rise in production of electronics in the region. The energy curable coatings market in Middle East & Africa is expanding at a moderate pace due to low product awareness in these regions.
Major players operating in the global energy curable coatings market are RAHN AG, Allnex, BASF SE, Royal DSM, and Sartomar.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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