Radiation Curable Coatings Global Market Report 2024 - By Report, Share, Size, Industry Trends, Outlook By 2033

"The new report published by The Business Research Company, titled ""Radiation Curable Coatings Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the radiation curable coatings market size has grown strongly in recent years. It will grow from $7.67 billion in 2023 to $8.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The radiation curable coatings market size is expected to see strong growth in the next few years. It will grow to $10.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.

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Growing Automotive Industry Is Anticipated To Fuel The Radiation Curable Coatings Market
The growing automotive industry is anticipated to fuel the radiation-curable coatings market going forward. The automotive industry refers to the design, manufacturing, and sale of vehicles, including cars, trucks, motorcycles, and other related vehicles and components. Radiation-curable coatings are used in automotive applications to provide fast-curing, durable finishes, enhancing efficiency and environmental sustainability in the coating process. For instance, in May 2023, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based association, globally, 85.4 million motor vehicles were produced in 2022, an increase of 5.7% compared to 2021. Therefore, the growing automotive industry is driving the growth of the radiation-curable coatings market.

Innovative Coating In Response To High Customer Demand
Major companies in the radiation-curable coatings market are focused on developing innovative coatings, such as TEGO Rad 2330 for radiation-curing coatings and inks, to address the high customer demand in the printing inks industry. TEGO Rad 2330 is a new, highly crosslinkable additive for radiation-curing coatings and inks. It is designed for use in a wide range of ink and varnish applications, as well as clear and pigmented wood coatings. For instance, in October 2023, Evonik Industries, a Germany-based specialty chemicals company, launched its TEGO Rad 2330, a highly cross-linkable additive for radiation-curing coatings and inks, offering benefits such as wetting, anti-crater properties, low foaming, and compatibility with traditional and UV-LED curing methods. It is specifically designed for inks, varnishes, and wood coatings. This product is characterized by several key features, including excellent substrate wetting, good slip properties, non-foaming, strong surface tension reduction, anti-crater effect, slip and release, and excellent low foaming.

The radiation curable coatings market covered in this report is segmented -
1) By Type: Uv Curable Coatings, EB Curable Coatings
2) By Function: Scratch-Resistant, Uv Protection, Chemical Resistant, High-Gloss, Matte and Satin
3) By Application: Paper and Film coatings, Printing Inks, Wood , Plastics, Electronic Products, Other Applications
4) By End Use: Wood Coatings, Metal Coatings, Plastic Coatings, Printed Materials, Electronic Components, Optical Coatings, Automotive Coatings, Aerospace Coatings, Other End User

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Major companies operating in the radiation curable coatings market report are BASF SE, Bayer Material Science AG , The Sherwin-Williams Company, Evonik Industries AG, Covestro AG, PPG Industries Inc, Arkema Group, Akzo Nobel NV, Royal DSM NV, DIC Corporation, Axalta Coating Systems, Asian Paints, Ashland Global Holdings Inc, Yips Chemical Holding Ltd, Toyo Ink SC Holdings Co Ltd, Allnex Group, Lamberti SpA, IGM Resins BV, Miwon Speciality Chemical Co Ltd, Red Spot Paint & Varnish Co Inc, Dymax Corporation, Sartomer USA LLC, Bomix Chemie GmbH, Soltech Ltd, Sericol Ltd, Chugoku Marine Paints Ltd, Watson Coating Inc, Alpha Coating Technologies, Hempel A/S

Contents of the report:
1. Executive Summary
2. Radiation Curable Coatings Market Report Structure
3. Radiation Curable Coatings Market Trends And Strategies
4. Radiation Curable Coatings Market - Macro Economic Scenario
5. Radiation Curable Coatings Market Size And Growth
…..
27. Radiation Curable Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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