The global UV Coatings market is forecast to reach USD 16.32 Billion by 2027, according to a new report by Reports and Data. The growing electronics industry globally addresses the increasing complexities and compliance and customization requirements. Smart manufacturing helps manufacturers achieve better efficiency in terms of output and cost by providing high levels of flexibility in the physical process.

Rising disposable income & changing lifestyles in developing countries will also drive the market. Per capita, disposable incomes exhibit low volatility in developed countries because of a spike in double-income households. It has directly boosted consumer purchasing power. The affordability of high-end products has also increased in developing countries and rising environmental awareness among consumer groups.

Key participants include Akzonobel N.V, Royal DSM N.V, PPG Industries Inc, BASF SE, Sherwin-Williams Company, Valspar Corporation, Axalta Coatings Systems, Dymax Corporation, Eternal Chemical Co. Ltd and DIC Corporation, among others.

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The COVID-19 impact:
The COVID-19 pandemic has led to the economic slowdown and halted the operations of numerous enterprises as well as manufacturing facilities. Moreover, the inadequate supply of raw materials and scarcity of labor workforce owing to the disease outbreak are estimated to result in alterations in the growth of UV Coatings market in the subsequent years. Antiviral Nano Coatings, a specified part related to UV coatings is what is capturing the market.

For the purpose of this report, Reports and Data have segmented into the global UV Coatings market by composition, end-user industry, type, and region:

Composition Outlook (Revenue, USD Billion; 2017-2027)

  • Monomers
  • Photoinitiators
  • PU Dispersion
  • Oligomers

End-User Industry Outlook (Revenue, USD Billion; 2017-2027)

  • Electronics Industry
  • Graphic Arts
  • Industrial Coatings

Type Outlook (Revenue, USD Billion; 2017-2027)

  • Wood Coatings
  • Plastic coatings
  • Conformal coatings
  • Display coatings
  • Paper Coatings
  • Over Print Varnish

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • U.K
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • MEA
    • Saudi Arabia
    • UAE
  • Latin America
    • Brazil
    • Rest of LATAM

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Further key findings from the report suggest

  • The UV LED curing technology utilizes in the wood coatings industry for edge coatings, roller coatings, and digital printing. UV LED technology has drastically reduced energy consumption and significantly reduces work-piece surface temperature.
  • UV LED fiber curing system offers multiple benefits for curing coatings on all types of fiber and wires, which even include optical fiber, electrical and structural wire, and threads for smart fabrics.
  • The manufacturing processes make use of the benefits of UV coatings. The applications range from manual curing of the adhesives used during sub-component assembly for quick coatings of the finished products' coatings and colorings.
  • UV curable coatings is used for a variety of properties like polymeric surfaces, including glare reduction, wear or scratch resistance, anti-fogging, microbial resistance, and chemical resistance.
  • Asia Pacific is a primary regional UV coatings market. The regional market is fueled by the increasingly high-performance electronics coatings demand and manufacturing facilities. China dominated the Asia Pacific market on account of the growing electronics industry, followed by Japan and South Korea…Continued

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. UV Coatings Market Segmentation & Impact Analysis
    4.1. UV Coatings Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                   4.2.2.1. Growing electronics industry globally
                   4.2.2.2. Rising disposable income & changing lifestyle in developing countries
                   4.2.2.3. Rising environmental awareness among consumer groups
                   4.2.2.4. Photomechanical method of curing
           4.2.3. Market restraints analysis
                    4.2.3.1. Stringent regulatory framework
                    4.2.3.2. Availability of substitutes
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
    4.10. Covid-19 Impact Analysis
    4.11. Global Recession Influence

Continued…

Key Insights offered in the report:

  • Business overview, product overview, significant market data, demand and supply ratio and overall industry chain analysis
  • The report encompasses different approaches and strategic business decisions undertaken by the key players of the market to gain a robust a footing
  • It describes in detail the production value, marketing strategies, distributors, and factors influencing the growth of the market
  • Strategic business expansion plans and alliances of the key players
  • Comprehensive analysis of the present trends and emerging trends of the market
  • Analysis and identification of the factors influencing the UV Coatings market such as drivers, restraints, opportunities, and trends

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