Press release
UV Coatings Market Rugged Expansion Foreseen by 2026
Request to View Sample of Research Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1509
At present, Future Market Insights values the global UV coatings market at US$ 3,429.5 Mn. According to its latest report, the global market for UV coatings is expected to surge steadily at 6.1% CAGR and bring in an estimated US$ 6,187.2 Mn revenues by the end of 2026. While favourable environmental regulations will keep inducing growth in global UV coatings production, the demand for such products will also witness a considerable hike on the account of booming global automotive industry. Considering the significance of refinish coatings in the production as well as aftermarket servicing of automobiles, consumption of UV-curable coatings will also remain significant by OEMs and aftermarket suppliers.
In the report, titled “UV Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global market for UV coatings will witness higher growth in terms of consumption of water-based coatings. In 2016, more than 225 KT on water-based UV coatings were globally consumed, attributing to nearly 60% of global market value. Ultimately, the demand for solvent-based UV coatings is also expected to drop over the forecast period, alluding to challenges in procurement of complex solvents and volatile raw material prices.
Need more information about Report methodology ? @ https://www.futuremarketinsights.com/askus/rep-gb-1509
Furthermore, the demand for water-based coatings is also driven by greater end-use of UV coatings in wood & furniture polishing. By the end of 2026, over 140 KT of UV coatings will be consumed globally by wood & furniture end-use. Nevertheless, consumer electronics will be the largest end-user industry for UV coatings – procuring revenue growth at an impressive 8.2% CAGR. Based on the composition of these coatings, the market’s growth will be majorly inclined towards soaring demand for photo-initiators. In terms of revenues, global sales of photo-initiator UV coatings will account for more than 40% share through 2026. Although, revenues from oligomer UV coatings will be rising rampantly at 6.7% CAGR.
The report further reveals that demand for UV coatings will remain substantially higher in the Asia-Pacific excluding Japan (APEJ) region. A little less than half of global UV coatings revenues will be emanating from this region, registering a robust value CAGR of 9.2%. Middle East and Africa’s UV coatings market will also soar rapidly, while North America and Europe will witness a sluggish growth in their UV coatings sales.
According to the report, Akzo Nobel NV, PPG Industries, and The Sherwin-Williams Company are observed as leading manufacturers in the world. European companies such as BASF SE, Arkema, Croda International Plc., and Allnex Belgium, are also prominent players in the global UV coatings market. Other companies profiled in the report include, China’s Sokan New Materials, and US-based chemical manufacturers such as Dymax Corporation, Watson Coatings, Inc., The Valspar Corporation, and Axalta Coating Systems LLC.
Checkout page @ https://www.futuremarketinsights.com/checkout/1509
ABOUT US
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UV Coatings Market Rugged Expansion Foreseen by 2026 here
News-ID: 803557 • Views: …
More Releases from Future Market Insights
External Anti-infective Preparations Market USD 6,728.7 Million through 2035, Dr …
The global external anti-infective preparations market is on track for sustained growth, with revenues projected to rise from USD 5,412.8 million in 2025 to approximately USD 6,728.7 million by 2035, representing an absolute increase of USD 1,315.9 million and a compound annual growth rate (CAGR) of 2.2%. This expansion is fueled by the increasing prevalence of external infections and the growing demand for localized antimicrobial treatment solutions across hospitals, clinics,…
External Anti-infective Preparations Market USD 6,728.7 Million through 2035, Dr …
The global external anti-infective preparations market is on track for sustained growth, with revenues projected to rise from USD 5,412.8 million in 2025 to approximately USD 6,728.7 million by 2035, representing an absolute increase of USD 1,315.9 million and a compound annual growth rate (CAGR) of 2.2%. This expansion is fueled by the increasing prevalence of external infections and the growing demand for localized antimicrobial treatment solutions across hospitals, clinics,…
External Anti-infective Preparations Market USD 6,728.7 Million through 2035, Dr …
The global external anti-infective preparations market is on track for sustained growth, with revenues projected to rise from USD 5,412.8 million in 2025 to approximately USD 6,728.7 million by 2035, representing an absolute increase of USD 1,315.9 million and a compound annual growth rate (CAGR) of 2.2%. This expansion is fueled by the increasing prevalence of external infections and the growing demand for localized antimicrobial treatment solutions across hospitals, clinics,…
External Anti-infective Preparations Market USD 6,728.7 Million through 2035, Dr …
The global external anti-infective preparations market is on track for sustained growth, with revenues projected to rise from USD 5,412.8 million in 2025 to approximately USD 6,728.7 million by 2035, representing an absolute increase of USD 1,315.9 million and a compound annual growth rate (CAGR) of 2.2%. This expansion is fueled by the increasing prevalence of external infections and the growing demand for localized antimicrobial treatment solutions across hospitals, clinics,…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
