UV Coatings Market provides an in-depth insight of Sales and Trends Forecast to 2027

UV coating is a treatment of surface that is done to protect the surface from harmful radiation. The UV coating is basically done on the printed paper surface. It is a shiny and glossy liquid applied to the surface. UV coating makes printed materials eye-catching and is ideal for the product such as postcards, hand-out sheets, presentation folders, business cards, and catalogs, or any product that require a glossy and dramatic look. It offers good abrasion resistance, high clarity, and is environmentally friendly. This is highly effective for image-rich projects such as photography brochure.

UV Coatings is eco-friendly compound that is mainly used to inhibit harmful UV rays coming from the Sun. The UV rays degrades the color quality of paper and plastics and hence, UV coating on paper, wood and plastics material provides the required protection and gloss to the surface. UV coatings are mainly available as water-based coatings and solvent based coatings. UV coatings are manufactured using various compositions such as Monomers, Oligomers (Polyesters, Polyethers, etc.), additives and photo-initiator. In terms of UV coatings end-use, UV coatings is majorly used in Paper & Packaging and Wood Furnishing industry. Other end uses of UV coatings include, Electronics, Automotive, Building & Construction, etc.

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Asian UV Coatings production is dominated by Water based UV coatings mainly used in the printing industry. For instance, Indian printing industry is growing at a CAGR of 12% since past 15 years according to Printing & Allied Machinery Industry (PAMEX). Growing demand for packaged printing, digital printing and commercial printing is estimated to drive the demand for UV Coatings market in Asia.

Growing demand for eco-friendly coatings and rising demand from the automotive industry for eco-friendly solutions is projected to increase the demand for UV Coatings globally. However, restrictions on some UV coatings for food packaging application is hampering the growth of UV coatings market globally.

Detailed Segmentation:

Global UV Coatings Market, By Base Type:
Water-based
Solvent-based

Global UV Coatings Market, By Composition:
Monomers
Oligomers
Polyester
Polyether
Polyurethane

Epoxy resins
Photo-initiator
Additives

Global UV Coatings Market, By End-use Industry:
Wood & Furniture
Electronics
Automotive
Paper & Packaging
Industrial Coatings
Buildings & Construction

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Key companies covered as a part of this study includes BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation

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This release was published on openPR.