Key Trend Reshaping the Radiation Curable Coatings Market in 2025: Innovative Additives Like TEGO Rad 2330 Drive Industry Growth

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Radiation Curable Coatings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The radiation curable coatings market has expanded strongly, climbing from $8.21 billion in 2024 to $8.65 billion in 2025 at a CAGR of 5.3%. Growth in the past was driven by environmental rules and VOC compliance, demand for quick curing solutions, expanding end-use industries, sustainability awareness, and improved durability and performance benefits._x000D_
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Radiation Curable Coatings Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
The market for radiation curable coatings is projected to demonstrate a steady ascension in the near future, hitting a size of $10.49 billion by 2029 with 5.0% CAGR. The predicted expansion during the forecast period can be traced back to the ongoing regulatory focus on reducing volatile organic compounds, the broadening of the high-performance coatings sector, circumscribed applications' growth, heightened usage within the packaging sector, and the desire for eco-friendly coating alternatives. Key trends projected for the forecasted period encompass a concentration on digital printing techniques, tech enhancements in UV/EB systems, progression in UV/EB technology, increased acceptance in end-user sectors, and developments in formulation and technology._x000D_
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What Are the Drivers Transforming the Radiation Curable Coatings Market?_x000D_
The expansion of the automotive sector is projected to accelerate the growth of the radiation-curable coatings market. The term 'automotive industry' encompasses the creation, manufacturing, and selling of vehicles - cars, trucks, motorcycles, and their associated parts and accessories. Radiation-curable coatings, which provide quick curing and long-lasting finishes, are utilized in the automotive industry to increase efficiency and promote ecological sustainability in the coating procedure. For example, as per the data published by the European Automobile Manufacturers Association (ACEA) in Belgium, a whopping 85.4 million motor vehicles were produced globally in 2022, reflecting a growth of 5.7% compared to the preceding year, 2021. Thus, the booming automotive sector remains a key driver in fuelling the growth of the radiation-curable coatings market._x000D_
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What Long-Term Trends Will Define the Future of the Radiation Curable Coatings Market? _x000D_
Leading businesses in the radiation-curable coatings market are concentrating their efforts on creating innovative coatings like TEGO Rad 2330 for radiation-curing coatings and inks to cater to the rising demand in the printing inks sector. TEGO Rad 2330, a new, highly adaptable additive, is designed for a vast array of ink and varnish uses, such as for clear and pigmented wood coatings. For example, in October 2023, specialty chemical firm, Evonik Industries from Germany, rolled out its TEGO Rad 2330, a high-performance additive developed for radiation-curing coatings and inks. It offers a variety of perks including, improved wetting capabilities, anti-crater attributes, reduced foaming, and compatibility with both traditional and UV-LED curing approaches. The additive is specifically engineered for use in inks, varnishes and wood coatings, boasting key benefits such as strong surface tension reduction, excellent substrate wetting, effective slip attributes, non-foaming, substantial anti-crater effect, and excellent low foaming properties._x000D_
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Which Segments in the Radiation Curable Coatings Market Offer the Most Profit Potential?_x000D_
The radiation curable coatings market covered in this report is segmented - _x000D_
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1) By Type: Uv Curable Coatings, EB Curable Coatings_x000D_
2) By Function: Scratch-Resistant, Uv Protection, Chemical Resistant, High-Gloss, Matte and Satin_x000D_
3) By Application: Paper and Film coatings, Printing Inks, Wood, Plastics, Electronic Products, Other Applications_x000D_
4) By End Use: Wood Coatings, Metal Coatings, Plastic Coatings, Printed Materials, Electronic Components, Optical Coatings, Automotive Coatings, Aerospace Coatings, Other End User _x000D_
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Subsegments:_x000D_
1) By UV Curable Coatings: UV Curable Acrylates, UV Curable Epoxies, UV Curable Polyurethanes, UV Curable Polymers, UV Curable Varnishes And Inks_x000D_
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_x000D_
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Which Firms Dominate the Radiation Curable Coatings Market by Market Share and Revenue in 2025?_x000D_
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 _x000D_
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Which Regions Offer the Highest Growth Potential in the Radiation Curable Coatings Market?_x000D_
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._x000D_
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