Based on the analysis by Fact.MR, the global radiation-cured products market is estimated to be valued at US$ 2.4 billion in 2023 and it is expected to grow at a CAGR of 6.5% to reach US$ 4.5 billion by the end of 2033.
Radiation-cured products offer rapid curing times compared to conventional curing methods. Ultraviolet (UV) or electron beam (EB) radiation initiates the curing process, leading to quick drying and increased production speed. This efficiency is particularly beneficial in industries with high-volume production requirements.
Radiation curing is a solvent-free process, reducing the emission of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). As sustainability becomes increasingly important, the use of radiation-cured products aligns with eco-friendly initiatives and regulatory requirements for reducing harmful emissions, thus, gearing up the demand for radiation-cured products.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.factmr.com/connectus/sample?flag=S&rep_id=6941?PJย
These products are cross linked by high-intensity UV light or electron beam energy sources and exhibit excellent properties such as abrasion resistance, cured & dried and excellent hardness. Strict government regulations regarding solvent-free formulation usage is expected to fuel demand over the next forecast period. Adhesives are expected to emerge as the leading application segment owing to increasing demand for solvent-free formulations.
Increasing number of applications in end-use industries such as wood coatings, food packaging, automotive, printing, healthcare and electrical & electronics is anticipated to complement demand growth over the next seven years. Crude oil derivatives such as photoinitiators, oligomers, and monomers are major raw materials utilized in radiation-cure products.
Recent Developments and Innovations:
The radiation-cured products market has seen remarkable developments and innovations in recent years, expanding the applications and performance of these curing technologies. One significant trend is the development of low-energy UV LED (light-emitting diode) curing systems. UV LED technology offers numerous advantages, including reduced energy consumption, longer lamp life, and the absence of mercury, making it an environmentally friendly and cost-effective solution for UV curing.
Moreover, advancements in UV and EB curing formulations have led to enhanced performance in terms of durability, adhesion, and curing speed. These innovations enable UV and EB curing to be applied to a broader range of substrates and end-use applications, including challenging materials like plastics, composites, and heat-sensitive substrates.
Another significant development is the use of UV and EB curing in 3D printing and additive manufacturing. The rapid curing capabilities of these technologies have found applications in the production of 3D-printed parts and prototypes, offering precise and efficient curing for complex structures.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐ฅ๐๐ง๐๐ฌ๐๐๐ฉ๐
Out of these manufacturers, BASF SE, Sartomer, and 3M Company are holding dominance, not only over technology but also in terms of production capacity and
โข FUJIFILM Sericol UK Ltd.
โข DIC Corp.
supply across the globe. Alongside, with top-end technology & facilities, tier 1 players contribute significant share at the global level.
๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐
โข Flint Group:
โข DYMAX Corp.
โข Allnex
โข Momentive
โข Nordson Corp.
โข BASF SE
โข PPG Industries Inc.
โข Red Spot Paint & Varnish Company Inc.
“๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐๐๐ข๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ฆ๐๐ง๐”
The automotive industry requires high-quality coatings and finishes for vehicles. Radiation-cured coatings offer exceptional properties such as durability, scratch resistance, chemical resistance, and gloss retention. These coatings provide long-lasting protection to the vehicle’s exterior, enhancing its aesthetic appeal and protecting it from environmental factors like UV radiation, weathering, and abrasion.
โข The growing automotive industry has a prominent role in the growth of the radiation-cured products market. For instance, in 2022, global sales of electric cars exceeded 10 million units, and it is projected that sales will further increase by 35% this year, reaching 14 million. This rapid expansion has resulted in electric cars capturing a larger portion of the overall car market, with their market share rising from approximately 4% in 2020 to 14% in 2022.
โข Furthermore, it is anticipated that their market share will continue to rise to 18% this year. Hence, the flourishing automotive sector has a positive impact on the market as radiation-cured adhesives play a vital role in automotive manufacturing processes.
๐๐๐๐ข๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
โข By Type
โข Coatings
โข Inks
โข Adhesives
โข By Formulation
โข Electron Beam Curing
โข Ultraviolet Curing
โข By Application
โข Paper & Film
โข Plastic
โข Wood
โข Glass
โข Metal
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ง๐๐ข๐ซ๐ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข How the industry has grown?
โข What is the present and future outlook on the basis of region?
โข What are the challenges and opportunities?
โข Why the consumption in region?
โข In which year segment is expected to overtake segment?
๐๐ก๐๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :ย https://www.factmr.com/connectus/sample?flag=RC&rep_id=6941?PJย
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com
