Radiation Cure Coatings Market with top Countries data and Key Players: 3M Company, Ashland, BASF SE, Bayer Material Science AG, Sun Chemical, Evonik Industries AG and More

Radiation-cured coating employs a mixture of monomers and oligomers, polymerized using either electron beam (EB) or ultraviolet (UV) light. The UV/EB process is often called radiation curing because UV and EB are the radiant energy sources. Radiation-cured coatings are utilized in different substrates including wood, paper, ceramics, metal, glass, and plastics.

Key players in the radiation cured coating industry that are profiled in the report include 3M Company, Ashland, BASF SE, Bayer Material Science AG, Sun Chemical, Evonik Industries AG, PPG Industries, Red Spot Paint & Varnish Company, Royal DSM N.V., Toyo Ink Group.

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Low pollution coating, extremely hard and chemically resistant finishes, and rise in demand for wood coatings drive the growth of the radiation-cured coatings market. However, high material cost and large initial investment cost hamper the demand for radiation-cured coatings.

The global radiation-cured coating market is segmented based on, application, formulation, and geography. Based on application, the market is divided into paper and film, printing inks, plastics, electronic products, wood, adhesives, metal coatings, and others. On the basis of formulation, it is bifurcated into ultraviolet curing, and electron beam curing. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2016, Asia-Pacific occupied the highest market share, followed by North America, owing to the major growth in wood coatings and plastics. Asia-Pacific is expected to dominate the global market by 2023, and is witnessing substantial growth in emerging countries such as, China, Japan, and South Korea.

Key Benefits

• This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the radiation-cured coatings market.
• In-depth analysis of the market is conducted and estimations for key segments between 2015 and 2023 are provided.
• Global industry analysis for factors that drive and restrain the growth of the market are provided.
• Radiation-cured coatings market share for all segments with respect to geography is detailed in the report.
• Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the industry trends.

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