May 11, 2018   SOURCE: BusinessWire

Global UV-Cured Coatings Market Growth, Trends and Forecasts 2018-2023: Shifting Focus Toward the Adoption of UV Powder Coatings - ResearchAndMarkets.com

The "Global UV-Cured Coatings Market - Segmented by Resin, Technology, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global UV-cured coatings market is expected to witness a CAGR of 7.2% through the forecast period, 2018-2023. The coatings based on epoxy resin are expected to dominate the UV-cured coatings market. Asia-Pacific is estimated to be the fastest growing region for the market due to increasing spending, economic growth, investments, and expansion of the electronics industry in the region.

Increasing stringent environmental regulations are increasing the demand for high-value, eco-friendly coatings. UV-cured coatings are known for their eco-friendly properties, releasing no volatile organic compounds (VOC). Manufacturers are striving in the field of R&D to come up with eco-friendly products. These regulations are to act as a driving factor for the demand for UV-cured coatings during the forecast period.

Due to its superior mechanical and chemical properties, the demand for epoxy-based UV-cured coatings is estimated to be high. The main issue with epoxy-based coatings is the emission of VOCs. This can be avoided with UV-based curing technology. Coatings based on epoxy resins are known for durability, strength, low maintenance, resistance to chemicals, etc. With the growing demand from the automotive and industrial end-users, the market for UV-cured coatings is to grow through the forecast period.

Notable Developments in the Market

  • January 2018: Allnex announced increase in prices on UV/EB product line in the Americas
  • March 2016: AkzoNobel launched new UV curable coatings for fast-track repairs

Market Dynamics

Drivers

  • Growing Usage in Electronics Industry
  • Increasing Demand for Eco-Friendly Coatings
  • Accelerating Demand for Wood Finishing

Restraints

  • High Initial Costs for the Equipment
  • Difficulty Finishing Complex 3-D Objects

Opportunities

  • Increasing Applications of UV-cured Coatings
  • Shifting Focus Toward the Adoption of UV Powder Coatings

Key Players

  • AkzoNobel
  • Ashland Coatings
  • PPG Industries
  • Sherwin Williams Company
  • Dymax Corporation

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

  • AkzoNobel N.V.
  • Ashland Coatings
  • Cardinal
  • Dymax Corp.
  • Jainco Industry Chemicals
  • Keyland Polymer
  • Master Bond Inc.
  • PPG Industries
  • Protech Powder Coatings Inc.
  • Red Spot Paint & Varnish Company
  • Seagrave Coatings
  • Sherwin-Williams Co.
  • Valspar Corp.
  • Watson Coatings

For more information about this report visit https://www.researchandmarkets.com/research/3xvwcz/global_uvcured?w=4