How ? Higher Adoption of Eco-Friendly Production will Boost the Global Demand for UV Coatings

After being plagued for years with “imperfect” production techniques, manufacturers of UV coatings are rapidly adopting technological advancements to put in action an eco-friendly method of producing UV coatings. Future Market Insights notifies how several government and non-government organisations in the world have listed ways in which UV coatings can be produced without harming the environment. Manufacturing such eco-friendly UV-curable coatings has, thus, propelled the growth of global market for UV coatings.

At present, Future Market Insights values the global UV coatings market at US$ 3,429.5 Mn. According to its latest report, the global market for UV coatings is expected to surge steadily at 6.1% CAGR and bring in an estimated US$ 6,187.2 Mn revenues by the end of 2026. While favourable environmental regulations will keep inducing growth in global UV coatings production, the demand for such products will also witness a considerable hike on the account of booming global automotive industry. Considering the significance of refinish coatings in the production as well as aftermarket servicing of automobiles, consumption of UV-curable coatings will also remain significant by OEMs and aftermarket suppliers.

Get Report Customization @  https://www.futuremarketinsights.com/customization-available/rep-gb-1509

In the report, titled “UV Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global market for UV coatings will witness higher growth in terms of consumption of water-based coatings. In 2016, more than 225 KT on water-based UV coatings were globally consumed, attributing to nearly 60% of global market value. Ultimately, the demand for solvent-based UV coatings is also expected to drop over the forecast period, alluding to challenges in procurement of complex solvents and volatile raw material prices.

Furthermore, the demand for water-based coatings is also driven by greater end-use of UV coatings in wood & furniture polishing. By the end of 2026, over 140 KT of UV coatings will be consumed globally by wood & furniture end-use. Nevertheless, consumer electronics will be the largest end-user industry for UV coatings – procuring revenue growth at an impressive 8.2% CAGR. Based on the composition of these coatings, the market’s growth will be majorly inclined towards soaring demand for photo-initiators. In terms of revenues, global sales of photo-initiator UV coatings will account for more than 40% share through 2026. Although, revenues from oligomer UV coatings will be rising rampantly at 6.7% CAGR.

The report further reveals that demand for UV coatings will remain substantially higher in the Asia-Pacific excluding Japan (APEJ) region. A little less than half of global UV coatings revenues will be emanating from this region, registering a robust value CAGR of 9.2%. Middle East and Africa’s UV coatings market will also soar rapidly, while North America and Europe will witness a sluggish growth in their UV coatings sales.

Request for more (TOC And Sample): https://www.futuremarketinsights.com/reports/sample/rep-gb-1509

According to the report, Akzo Nobel NV, PPG Industries, and The Sherwin-Williams Company are observed as leading manufacturers in the world. European companies such as BASF SE, Arkema, Croda International Plc., and Allnex Belgium, are also prominent players in the global UV coatings market. Other companies profiled in the report include, China’s Sokan New Materials, and US-based chemical manufacturers such as Dymax Corporation, Watson Coatings, Inc., The Valspar Corporation, and Axalta Coating Systems LLC.

Get More Related Market Intelligence Report :

Biophotonics Market Segmentation By Application – See Through Imaging, Inside Imaging, Spectromolecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Other; By End Use – Medical Diagnostics, Medical Therapeutics, Test Components, Non-Medical Diagnostics - https://www.futuremarketinsights.com/reports/global-biophotonics-market

Coated Fabrics Market Segmentation By Type – Polymer, Rubber and Other; By Application – Transportation, Protective Clothing, Industrial, Furniture, Commercial Tents, Other; By Competitive Landscape – Saint Gobain, Bayer AG, Akzonobel, PPG Industries, BASF Coatings AG, Nippon Paints Co. Ltd, SHERWIN WILLIAMS, Dupont Coatings & Color Technologies Group, Valspart Corporation - https://www.futuremarketinsights.com/reports/coated-fabrics-market

Produced Water Treatment Systems Market Segmentation By Covered Type - Produced Water End-use; By Onshore reinjection, offshore reinjection and disposal Type - Produced Water Treatment Systems,Primary, secondary and tertiary - https://www.futuremarketinsights.com/reports/produced-water-treatment-market

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

CONTACT:
Future Market Insights
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com

This release was published on openPR.