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Radiation Curable Coatings Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
The Radiation Curable Coatings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Radiation Curable Coatings Market Size and Its Estimated Growth Rate?
In recent times, the market for radiation curable coatings has experienced substantial growth. The market, which is currently valued at $8.21 billion in 2024, is predicted to increase to $8.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. Factors such as environmental regulatory standards, voc compliance, a surge in demand for quick curing solutions, expansion in end-use industries, growing consciousness about sustainability, and the improved performance and longevity of these coatings, have all contributed to the historical growth.
In the following years, the market size of radiation curable coatings is projected to experience significant growth. It is forecasted to reach $10.79 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.3%. The predicted growth during the forecast period is mainly due to the persistent regulatory focus on reducing VOCs, the expansion of the high-performance coatings market, increased usage in emerging applications, wide acceptance within the packaging industry, and the demand for sustainable coating solutions. Key trends anticipated during the forecast period include an emphasis on digital printing techniques, technological breakthroughs in UV/EB systems, improvements in UV/EB technology, amplified application in end-user industries, and progress in technology and formulas.
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How Are Emerging Segments Shaping the Radiation Curable Coatings Market Landscape?
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
Subsegments:
1) By UV Curable Coatings: UV Curable Acrylates, UV Curable Epoxies, UV Curable Polyurethanes, UV Curable Polymers, UV Curable Varnishes And Inks
2) By EB Curable Coatings: Electron Beam Cured Coatings, EB Cured Acrylic Coatings, EB Cured Epoxy Coatings, EB Cured Polyester Coatings, EB Cured Inks And Adhesives
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Which Growth Factors Are Influencing Radiation Curable Coatings Market Expansion?
The radiation-curable coatings market is forecasted to grow due to the expansion of the automotive industry. This industry is responsible for the creation, design, and sale of automobiles, comprising vehicles such as cars, trucks, motorcycles, and related parts. The implementation of radiation-curable coatings in automotive settings is common, as it offers fast-curing, resilient finishes that improve efficiency and foster ecologically sustainable practices. As evidence, data from the European Automobile Manufacturers Association (ACEA), headquartered in Belgium, showed that 85.4 million motor vehicles were produced worldwide in 2022, reflecting a 5.7% rise from 2021. As a consequence, the upward trend within the automotive industry is fueling the growth of the radiation-curable coatings market. Radiation Curable Coatings Market Driver: Creation of Innovative Coating Due to High Customer Demand
Who Are the Dominant Players Across Different Radiation Curable Coatings Market Segments?
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 Specialty 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
What Are the Latest Developing Trends in the Radiation Curable Coatings Market?
Leading firms in the radiation-curable coatings marketplace are concentrating on creating inventive coatings, such as TEGO Rad 2330 for radiation-curing coatings and inks, to cater to the significant consumer demand in the printing inks sector. TEGO Rad 2330, a novel, highly crosslinked additive, has been developed for its broad application in inks, varnishes, as well as clear and pigmented wood coatings. Notably, in October 2023, Evonik Industries, a specialty chemicals corporation headquartered in Germany, introduced their product TEGO Rad 2330. This high cross-linkable additivehas a host of advantages such as great wetting, anti-crater characteristics, minimal foaming, and compatibility with conventional and UV-LED curing methods. It is tailored specifically for use in inks, varnishes, and wood coatings. The product boasts a range of salient features like excellent substrate wetting, good slip properties, non-foaming, powerful surface tension reduction, anti-crater effect, slip and release, and superior low foaming capabilities.
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Which Geographic Regions Are Expected to Dominate the Radiation Curable Coatings Market in the Coming Years?
North America was the largest region in the radiation curable coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiation curable coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Radiation Curable Coatings Market?
2. What is the CAGR expected in the Radiation Curable Coatings Market?
3. What Are the Key Innovations Transforming the Radiation Curable Coatings Industry?
4. Which Region Is Leading the Radiation Curable Coatings Market?
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