Press release
Radiation Cured Coatings Market : A Continued Bright Future by Key Players 3M Company, Ashland, BASF SE, Bayer MaterialScience AG, Sun Chemical Corp, Evonik Industries AG, PPG Industries 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.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.
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Key players in the radiation cured coating industry that are profiled in the report include 3M Company, Ashland, Inc, BASF SE, Bayer MaterialScience AG, Sun Chemical Corp, Evonik Industries AG, PPG Industries, Inc, Red Spot Paint & Varnish Company, Inc, Royal DSM N.V., Toyo Ink Group
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.
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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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