May 11, 2018   SOURCE: BusinessWire

Global Radiation Curable Coatings Industry Outlook 2018-2023 by Raw Material, Application, and Geography - ResearchAndMarkets.com

The "Global Radiation Curable Coatings Market - Segmented by Raw Material, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global radiation curable market is expected to witness a moderate CAGR during the forecast period, 2018 to 2023. Industrial segment accounted for highest share, followed by electronics, in 2017. The growing infrastructure and rapid industrialization, in the developing economies, is expected to boost the growth during the forecast period.

Stringent government regulations, in the developing nations, will continue to be a driving force behind the adoption of new, low-pollution coating technologies, such as UV-cured coatings, during the forecast period.

The oil & gas industry has been trying to find ways to cut capital charges. This, along with the need to adhere to strict environmental regulations, has led to the demand for a coating system with a long life, which will be effective in the protection of the assets. Moreover, in the offshore locations, there is a prolonged exposure to penetrating UV rays and constant contact with rough seawater, which increases the need for protective coatings. Radiation curing coatings also find wide application on printed circuit boards & assemblies, sensors, LEDs, MEMS, capacitors, wafer, ferrite cores, digital displays, and metal components.

Key Developments in the Market

  • June 2017: Hempel established a new R&D facility solely focused on passive fire protection (PFP) coatings near Barcelona, Spain. The center is likely to be fully functional by the end of 2018.
  • January 2017: PPG completed the acquisition of DEUTEK SA, a leading Romanian paint and architectural coatings manufacturer, from the Emerging Europe Accession Fund.

Market Dynamics

Drivers

  • Desirable Properties like Fast Curing, Hard and Chemical resistant
  • Growing Demand for UV-cured Coatings

Restraint

  • Expensive Raw Material Cost

Opportunities

  • Growing 3D Printing Applications
  • Growing usage in Printed Electronics
  • Significant Research on Manufacturing from Renewable Raw Materials

Major Players

  • Akzonobel N.V.
  • Sherwin Williams
  • PPG Industries
  • Nippon Paint Holdings
  • Axalta
  • Chugoku Marine Paints

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

  • Akzo Nobel
  • Alpha Coating Technologies
  • Arkema
  • Asian Paints Limited
  • Axalta Coating Systems
  • BASF
  • Berger Paints India Limited
  • Cardinal
  • Carpoly
  • Chugoku Marine Paints
  • DSM
  • DuPont
  • Dymax
  • Hempel
  • Henkel
  • IGP Pulvertechnik AG
  • Jotun
  • Kansai Paints
  • Nippon paint
  • PPG
  • Protech Powder Coatings Inc
  • Red Spot Paint & Varnish Company
  • Sherwin Williams
  • Sika
  • Yip's Chemical

For more information about this report visit https://www.researchandmarkets.com/research/54gfwl/global_radiation?w=4