Radiation Curable Coatings Market 2020 Strategic Assessments - AkzoNobel NV, BASF SE, Axalta Coating Systems Ltd LLC, PPG Industries Inc

Global Radiation Curable Coatings Market - Growth, Trends, And Forecast (2020 - 2024)

The report presents an in-depth assessment of the Global Radiation Curable Coatings including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Radiation Curable Coatings investments from 2020 till 2024.

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The Global Radiation Curable Coatings market is highly competitive and consists of a number of major players. Companies, like AkzoNobel NV, Axalta Coating Systems Ltd LLC, BASF SE, Chugoku Marine Paints Ltd, Dainichiseika Color and Chemicals Mfg Co. Ltd, PPG Industries Inc, Royal DSM, The Sherwin-Williams Company, Watson Coatings Inc, Yips Chemical Holdings Ltd among others.

Latest news and developments:

November 19, 2019: BASF has globally launched two innovative polyacrylate-based leveling agents: Efka FL 3750 and Efka FL 3755, which are specifically developed for all solvent-borne and solvent-free coatings. Efka FL 3750 and Efka FL 3755 demonstrates brilliant compatibility in solvent-borne resin systems like acrylic melamine, 2K PU, alkyd, polyester and nitrocellulose lacquer. Other highlights include outstanding heat stability across paint systems ranging from 2K PU ambient curing to high temperature baking of acrylic and polyester coil systems. Efka FL 3750 and Efka FL 3755 are an ideal choice for use in automotive OEM and refinish coatings, wood coatings and industrial coatings. Their application area can also be extended to UV curing formulations and powder coatings, as well as ambient curing and baking curing systems.

AkzoNobel is launching a completely reformulated version of its UV-curable clearcoat in a two-component system that mixes one-to-one by weight, and delivers an outstanding performance profile with application, appearance, and protection characteristics indistinguishable from a traditional two-component clearcoat.

Market Overview

The Global Radiation Curable Coatings Market has an estimated CAGR of 6.22% over the forecast period.

- One of the most important drivers for Global Radiation Curable Coatings Market is its properties, like rapid curing, drying, superior hardness, and abrasion resistance due to which radiation cured technology has found applications in plastics, wood, and metal coatings.
- Apart from these properties, low VOC emissions, along with excellent mechanical and chemical resistance add value to the radiation cured coatings.
- On the flipside, high raw material cost is expected to hinder the market growth..

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Key Market Trends:

Industrial Application to Dominate the Market

- Metal forms a chief component in most of the industrial applications. The different types of metals, which are extensively used in industrial applications, are untreated and phosphate-treated steel, aluminum, galvanized steel, brass, nickel, magnesium, and copper.
- Radiation-cured coatings provide corrosion protection, abrasion resistance, impart functional (anti-fingerprint) and desired appearance (gloss) properties, and enhance impact, chemical and scratch resistance to different metal substrates.
- The most common example is coil coating, which is used on metal substrates for the manufacture of housings for electronic devices, appliances, propane tanks, and metal packaging involving general line, aerosol, food and beverage, and speciality cans.
- Radiation curable coatings are also used as temporary and permanent protective coatings for metal tubes and pipes, fence posts, electrical conduit, sprinkler systems, mechanical tubing, and are also used as protective films for construction steel and aluminum. In addition, radiation curing coatings are also used as an abrasion and heat-resistant coatings for magnetic wires used in transformers, engines, and other electrical components.
- Radiation-cured coatings, using UV technology, not only help to overcome the aforementioned problems but also offer advantages such as the ability to coat on heat-sensitive substrates, improving performance i.e., scratch and stain resistance of the plastics. Such advantages are driving the growth of radiation-cured coatings on plastics.

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The key insights of the Radiation Curable Coatings Market report:

The report provides key statistics on the market status of the Radiation Curable Coatings market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Radiation Curable Coatings market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2024 market development trends of Radiation Curable Coatings Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Radiation Curable Coatings Industry before evaluating its feasibility.

Finally, Radiation Curable Coatings Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Radiation Curable Coatings industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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