27-Sep-2021 | Zion Market Research
Some of key players in sports nutrition market are The Dow Chemical Company, BASF SE, Akzonobel N.V., DIC Corporation, PPG Industries Inc., Dymax Corporation, Royal DSM N.V., Centexbel, Actega Coatings & Sealants, Eternal Chemical Co. Ltd., Axalta Coatings Systems, The Valspar Corporation, Ashland Inc., Croda, Brilliant Coatings Solutions and Soltech Ltd among others. These players are set to bolster the development of UV Coatings market.
According to analysts at Zion Market Research, the UV Coatings market accounted for USD 6.5 Billion in 2020 and is expected to reach USD 16.9 Billion by 2028, growing at a CAGR of more than 12.8% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “UV Coatings Market by Composition (Oligomers, Monomers, Photoinitiators, PU Dispersions and Others) By Type (Display Coatings, Wood Coatings, Paper Coatings, Plastic Coatings, Conformal Coatings and Over Print Varnish ), by End Use Industry (Industrial Coatings, Electronics and Graphic Arts): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Growing electronics industry globally To Spur Growth
Developing industries globally are relied upon to promote the UV coatings market. Coating display are the significant sort coatings utilized in the electrical & electronic globally. Increasing income and lifestyle in the developing nations is driving electoral & electronic industry across the globe. Also, interne is the recent interest in the market that incorporates different electronic gadgets. These electronic gadgets use display coatings that are restored with UV light. Besides, rising ecological awareness among consumers is helping to flourish the UV coatings market. Methods such as chemical curing produces unpredictable effects that are dangerous to climate and human health, thus UV curing is photomechanical technique of curing, thus does not include any organic curing in the process.
Nonetheless, accessibility of substances in the curing reactions is relied to produce difficulties in the UV coatings market. Compound curing is among the solid contender of UV relieving measure. Improvement of new materials and applications is expected to give tremendous growth in coming years. Also, improvement of bio-based UV coatings would open up a chance in the following years.
Presence of Big Players in The Region Support North America Dominance
Asia Pacific dominated the UV coatings market in terms of production and consumption. Burgeoning electronics industry due to high demand for high performance electronics in the region is driving the UV coatings market. China is contributing highest to the demand of UV coatings in the region. Europe followed Asia Pacific in terms of consumption. Demand in the region is mainly for wood coatings, plastic coatings and paper coatings from industrial coatings industry. North America emerged as the third-largest market for UV coatings in terms of consumption. The demand in the region is primarily driven by rising use of UV coatings in printing varnishes. Rest of the World is expected to exhibit strong growth in the UV coatings marketing due to rising demand from electronics industry
Browse the full “UV Coatings Market by Composition (Oligomers, Monomers, Photoinitiators, PU Dispersions and Others) By Type (Display Coatings, Wood Coatings, Paper Coatings, Plastic Coatings, Conformal Coatings and Over Print Varnish), by End Use Industry (Industrial Coatings, Electronics and Graphic Arts): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/uv-coatings-market
The UV Coatings market is segmented as follows:
By End Use Industry
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