Global UV curable coating Market 2021 Key Players, SWOT Analysis, Key Indicators, Forecast and COVID-19 Impact Analysis 2027

SDKI Inc. published a new report on the Global UV Curable Coating Market-Global Forecast 2022-2030. This study includes the statistical and analytical approaches needed to grow the UV curable coating market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-110312

The UV curable coating market is estimated to reach US $ 16.09 million by 2030 from a market value of US $ 7.28 million in 2022 and is expected to grow at a CAGR of 12.0% during the 2022-2030 forecast period. It has been.

Ultraviolet (UV) curing uses high intensity ultraviolet light to apply ink, coatings, or adhesives. A photochemical process that instantly cures or "drys". This system is more beneficial than using traditional curing and staining methods because it has fewer defects and errors, faster transport speeds, and fewer objects in the air adhering to the object. The growth of the automobile industry with future new technologies and the value-added supply chain of more manufacturing plants will serve as the main driving force for the growth of the UV curable coating market. China plans to increase electric vehicle (EV) production to 2 million units a year by 2020 and 7 million units a year by 2025. In addition, improved living standards and increased disposable income for people in developing countries will also support the growth of the UV curable coating market. In addition, continued industrialization and growing manufacturing in developing countries offer growth opportunities for the UV curable coating market.

Sample URL for the report
https://www.sdki.jp/sample-request-110312

However, UV curable coatings are very expensive compared to other coatings already on the market. This could serve as a restraint on the growth rate of the UV curable coating market.

With ecological concerns and uncertainties associated with pricing and trade in mind, various chemical manufacturers are working towards designing new business models to achieve sustainable goals. Chemical manufacturers are also expanding their product portfolios, investing in the latest applications and innovations accordingly. It is estimated that the main areas of change are focused on changing the energy supply to renewable resources, continuing investment in R & D activities, and reducing CO2 emissions and plastic waste. Companies are also aiming for net zero greenhouse gas emissions by 2050. These factors are driving the demand for experienced professionals and are estimated to create favorable business opportunities not only for existing market players but also for new entrants. Meanwhile, the demand for chemicals for construction, coatings, electronics, cleaners and disinfectants is estimated to continue to grow. China occupies a leading position in the production of chemicals in the world, accounting for about 40% of the world's chemical sales in 2019. The global chemical industry is witnessing a dramatic shift in the competitive environment as developing countries in Europe, Japan, the United States, and Asia gain a leading position in global chemical sales. Japan's chemical exports have shown YOY growth of around 30%, surpassing US $ 8.5 billion in April 2021. On the other hand, this underpinned the overall development of overseas shipments, with the United States and China having the highest market shares. These factors are estimated to drive market growth during the forecast period.

UV curable coating market segment

The UV curable coating market is by composition (monomer, oligomer, pigment / additive, photoinitiator), type (wood coating, plastic coating, overprint varnish, display coating), end-use industry (industrial coating, industrial coating,). Electronic equipment, graphic arts, etc.), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview

The UV curable coating market The UV curable coating market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.

The Asia Pacific region is the world's leading region in terms of market share. This is due to increased demand from the electronic and industrial sectors from countries such as China and India. In addition, the growing middle class population, constant industrialization, and the growing need for manufacturing surges will drive the growth of the UV curable coating market in the region during the forecast period. Meanwhile, the North American region also constitutes an important market share in the global UV curable coating market during the forecast period.

Details of the survey report
https://www.sdki.jp/reports/uv-curable-coatings-market/110312

Leading key player in the UV curable coating market

Key players in the UV curable coating market include Royal DSM NV, Allnex Belgium SA / NV, Albertingk Boley GmbH, BASF SE, Covestro AG, Nippon Gohsei, Wanhua Chemical Group Co., Ltd., Miwon Specialty Chemical Co. Ltd, Hitachi Chemical Company Ltd., Eternal Chemical Co. Ltd., Toagosei Co. Ltd., etc. The study includes a detailed competitive analysis of these leading companies in the UV curable coating market, corporate profiles, recent developments, and key market strategies.

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

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This release was published on openPR.