Press release
UV Curable Coatings Market to Reach US$10.0 Billion by 2031, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/4555/uv-curable-coatings-market.html
Market Statistics
• Market size (2024): US$8.2 billion
• Forecast value (2031): US$10.0 billion
• CAGR: 3.2%
• Forecast period: 2024 - 2031
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By End-Use Industry-Type: Automotive, Wooden Furniture, Electronics, Aerospace, Packaging, Other End-Use Industries
By Technology-Type: Solvent-Based UV Coatings, Water-Based UV Coatings, 100% Solids UV Coatings, Other Technologies (powder)
By Composition-Type: Oligomers, Monomers, Photo Initiators, Additives
By Region: North America, Europe, Asia-Pacific, Rest of the World
Segment Analysis
In the End-Use Industry-Type category, wooden furniture is the dominant segment due to its strong reliance on UV-curable coatings for instant curing, low VOC profiles, and improved production quality, enabling manufacturers to meet environmental standards and productivity goals. Conversely, aerospace is emerging as the fastest-growing segment, driven by its need for lightweight materials, high performance coatings, and stricter environmental requirements, creating new demand corridors for specialized UV solutions and prompting OEMs and suppliers to align offerings with aerospace quality standards.
Within Technology-Type, 100% solids UV coatings hold both the largest share and the fastest growth due to their high reactivity, zero-VOC formulation, and superior finish quality, which appeal to industries seeking energy-efficient and rapid production processes. This trend underscores the need for technology upgrades and R&D investments among coating producers to capture premium market segments.
For Composition-Type, oligomers dominate and are also the fastest-growing category, as they provide essential properties like hardness, flexibility, chemical resistance, and adhesion across multiple applications. Enhanced oligomer chemistries-such as bio-based and hyperbranched structures-are accelerating adoption and encouraging suppliers to differentiate through high-performance material portfolios.
Regional Insights
In the Asia-Pacific region, the market sustains its dominant position and is poised for the most rapid growth owing to robust manufacturing hubs in China, Japan, South Korea, and India, which collectively drive demand across automobiles, electronics, furniture, and packaging. The region's rapid industrial expansion and increasing investment in UV-LED curing infrastructure present strategic opportunities for coating manufacturers and technology licensors to expand footprints and tailor products to meet sustainability mandates.
Market Drivers
• Increasing industrialization and manufacturing in key sectors such as wood, automotive, and electronics, which require fast-curing, durable coatings.
• Stringent environmental regulations promoting low-VOC and energy-efficient coating technologies.
• Rising adoption of UV-LED curing systems that offer operational efficiencies and lower energy consumption.
• Demand for high-performance finishes in aerospace and specialty applications with stringent quality requirements.
• Innovation in UV-curable chemistries (e.g., bio-based oligomers) that enhance sustainability and performance.
Top Companies in the Market
• The Sherwin-Williams Company
• Akzo Nobel N.V.
• BASF SE
• PPG Industries Inc.
• Dow
• Axalta Coatings Ltc
• DIC CORPORATION
• DSM-Firmenich
• 3M Company
• Eternal Materials Co., Ltd.
• Ashland Inc
FAQs
1. What size is the global UV curable coatings market now and what is it expected to be by 2031?
The market was valued at US$8.2 billion in 2024 and is projected to reach US$10.0 billion by 2031 at a CAGR of 3.2%.
2. Which end-use industry segment holds the largest share in the UV curable coatings market?
The wooden furniture industry holds the largest share due to its demand for instant-curing, low-VOC, durable coatings.
3. What is the fastest-growing technology in the UV curable coatings industry?
100% solids UV coatings is the fastest-growing technology segment because of its high reactivity, zero-VOC content, and superior durability.
4. Which composition type leads the UV curable coatings market?
Oligomers lead the market and are also the fastest growing due to their essential functional properties and ongoing innovations.
5. Where is the fastest market growth expected geographically?
The Asia-Pacific region is both the dominant and fastest-growing market due to strong manufacturing activity and rapid adoption of advanced UV technologies.
Related Links:
Electric vehicle battery thermal management systems market: https://payrchat.com/blogs/37924/electric-vehicle-battery-thermal-management-systems-market
Electrolyte analyzers market: https://logcla.com/blogs/1052863/Electrolyte-Analyzers-Market-Growth-Applications-and-Emerging-Trends
Electronic grade sulfuric acid market: https://www.wowonder.xyz/read-blog/361321
Embedded security market: https://network.musicdiffusion.com/read-blog/59768
Ethanolamine market: https://zekond.com/read-blog/296795
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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