Radiation Curable Coatings Market 2021

Radiation Curable Coatings

Radiation Curable Coatings Marketreport focuses on latest innovative marketing strategies, trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. Radiation Curable Coatings market report includes comprehensive details of the key market dynamics along with relevant market segments and sub-segments.

Radiation Curable Coatings market report has provided a top-to-bottom research on the Radiation Curable Coatings market features such as growth drivers, threats, opportunities, challenges with a key focus on both global and the regional market. Moreover, Radiation Curable Coatings market report presents the market competitive landscape and a corresponding detailed analysis of the leading manufacturers in the market.

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Market Overview:

  • The Global Radiation Curable Coatings Market has an estimated CAGR of 6.22% over the forecast period.
  • – One of the most important drivers for Global Radiation Curable Coatings Market is its properties, like rapid curing, drying, superior hardness, and abrasion resistance due to which radiation cured technology has found applications in plastics, wood, and metal coatings.
  • – Apart from these properties, low VOC emissions, along with excellent mechanical and chemical resistance add value to the radiation cured coatings.
  • – On the flipside, high raw material cost is expected to hinder the market growth.<

    Global Radiation Curable Coatings market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including-

  • AkzoNobel NV
  • Axalta Coating Systems Ltd LLC
  • Chugoku Marine Paints Ltd
  • Dainichiseika Color and Chemicals Mfg Co. Ltd
  • PPG Industries Inc
  • Royal DSM
  • The Sherwin
  • Williams Company
  • Watson Coatings Inc
  • Yips Chemical Holdings Ltd

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    Key Market Trends:

    Industrial Application to Dominate the Market

    – Metal forms a chief component in most of the industrial applications. The different types of metals, which are extensively used in industrial applications, are untreated and phosphate-treated steel, aluminum, galvanized steel, brass, nickel, magnesium, and copper.
    – Radiation-cured coatings provide corrosion protection, abrasion resistance, impart functional (anti-fingerprint) and desired appearance (gloss) properties, and enhance impact, chemical and scratch resistance to different metal substrates.
    – The most common example is coil coating, which is used on metal substrates for the manufacture of housings for electronic devices, appliances, propane tanks, and metal packaging involving general line, aerosol, food and beverage, and speciality cans.
    – Radiation curable coatings are also used as temporary and permanent protective coatings for metal tubes and pipes, fence posts, electrical conduit, sprinkler systems, mechanical tubing, and are also used as protective films for construction steel and aluminum. In addition, radiation curing coatings are also used as an abrasion and heat-resistant coatings for magnetic wires used in transformers, engines, and other electrical components.
    – Radiation-cured coatings, using UV technology, not only help to overcome the aforementioned problems but also offer advantages such as the ability to coat on heat-sensitive substrates, improving performance i.e., scratch and stain resistance of the plastics. Such advantages are driving the growth of radiation-cured coatings on plastics.

    Asia-Pacific Region Expected to dominate the Market

    – The leading consumers of radiation curable coatings in Asia-Pacific include China, India, Japan, ASEAN countries etc.
    – China has set standards for both interior architectural coatings (National Standard GB 18582-2008) and exterior wall coatings (GB 24408-2009). Recently China has introduced new regulation, known formally as “Finance Tax (2015) Notification on Imposing Consumption Tax on Battery and Coating Products”. The regulations impose on coatings manufacturers a 4% tax on the invoice price of any coating whose ready-to-spray VOC level exceeds 420 g/L.
    – India currently does not have mandatory VOC regulations, but many companies are focusing on meeting Green Seal GS-11 standards. This standard establishes environmental, health, and performance requirements and includes products intended to be applied to wallboard, tile, metal, wood, composite wood, concrete, stone, masonry, and terrazzo substrates, as well as other architectural substrates.
    – These growing regulations in Asia-Pacific are expected to support the growth of the radiation curable coatings in the region.

    What are the market factors that are explained in the report?

    -Key Developments: Radiation Curable Coatings market report includes the key strategic developments of the market, new product launch, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market.

    -Market Features: Radiation Curable Coatings market report estimated key market structures, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

    -Logical Tools: Global Radiation Curable Coatings market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return examination have been used to analyze the growth of the key players operating in the market.

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    Detailed TOC of Radiation Curable Coatings Market – Segmented by Geography – Growth, Trend, and Forecast:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Desirable Properties like Fast Curing, Hard, and Chemical resistant
    4.1.2 Rise In Adoption of Solvent-free Technologies to Comply with the Environmental Regulations
    4.2 Restraints
    4.2.1 High Material Cost
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Application
    5.1.1 Industrial
    5.1.2 OP Lacquers
    5.1.3 Electronics
    5.1.4 Printing Inks
    5.1.5 Other Applications
    5.2 Geography
    5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
    5.2.2 North America United States Canada Mexico
    5.2.3 Europe Germany United Kingdom Italy France Rest of Europe
    5.2.4 South America Brazil Argentina Rest of South America
    5.2.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 AkzoNobel NV
    6.4.2 Axalta Coating Systems Ltd LLC
    6.4.3 BASF SE
    6.4.4 Chugoku Marine Paints Ltd
    6.4.5 Dainichiseika Color and Chemicals Mfg Co. Ltd
    6.4.6 PPG Industries Inc
    6.4.7 Royal DSM
    6.4.8 The Sherwin-Williams Company
    6.4.9 Watson Coatings Inc
    6.4.10 Yips Chemical Holdings Ltd

    7.1 Growing 3D Printing Applications
    7.2 Growing Usage in Printed Electronics

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