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UV Coatings Market - Global Industry Analysis

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

Published Date: 27-Sep-2021 Category: Chemical & Materials Report Format : PDF Pages: 144 Report Code: ZMR-1043 Status : Published

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 12.8% from 2021 to 2028.

Description

Market Overview

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 12.8% from 2021 to 2028.

UV coatings are sort of coatings that are relieved with ultraviolet radiation. It can be applied on different substrates like inks, paper, glass, plastics and wood materials. Expanding environmental awareness is an indispensable factor driving the development of UV coatings market quickly.

Global UV Coatings Market Size

COVID-19 Impact Analysis

UV coatings are utilized across the major industries such as automotive, design & art, electronic, and others, where the effect of COVID-19 has been high. Lockdowns imposed in different nations have affected different areas, which have assumed a significant part in the decrease of the UV coatings market. Postponed advertising activities have additionally influenced the development of the UV coatings market in 2020. Most publications & marketing companies have changed to a digital mode; in this way, UV coatings have a huge setback and will take time to regain its position in the market. It is normal that the market will begin recuperating from 2021 because of the expanding request from end-use ventures. The lockdown deferred forthcoming activities, which additionally influenced the development of the UV coatings market in 2020.

Growth Factors

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.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

 Type Segment Analysis Preview

Based on type of coatings, the market can be segmented as Display Coatings, Wood Coatings, Paper Coatings, Plastic Coatings, Conformal Coatings and Over Print Varnish. Recently UV coatings market is dominated by wood coatings type. This trend is expected to grow in next few years due to increasing demand for wood coatings from its applications such as furniture, door skins, parquet, decorative panel and others. Wood coatings offer excellent strength and durability, hence is demand is expected to remain high.

Global UV Coatings Market Share

End Use Industry Segment Analysis Preview

End-use industries of UV coatings are graphics, electronics, packaging and various other industries that use industrial coatings. Among the end-use industries type, industrial coatings occupies the largest share in the total UV coatings market. The growth rate of industrial coatings is expected to be the fastest as compared to other types.

Regional Analysis Preview

Asia Pacific is expected to dominate the UV coatings market in terms of manufacturing 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

The countries covered in the UV coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Global UV Coatings Market Regional Analysis

Key Market Players & Competitive Landscape

Global UV coatings market is moderately fragmented with major players having presence across the value chain. Players in the market adopt backward integration and strategic alliances as key strategies to sustain their market position in the UV coatings market.

Key players in UV coatings market include 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.

In September 2020, AkzoNobel acquired Stahl Performance Powder Coatings and its range of products for heat-sensitive substrates. The acquisition accelerated AkzoNobel’s low curing technology that the company expects would open up new market opportunities.

The UV Coatings market is segmented as follows:

By Composition

  • Oligomers 
  • Monomers 
  • Photoinitiators 
  • PU Dispersions 
  • Others

By Type

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

By End Use Industry

  • Industrial Coatings
  • Electronics
  • Graphic Arts

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Composition
        • 2.1.1.2. Market Attractiveness Analysis, By Type
        • 2.1.1.3. Market Attractiveness Analysis, By End Use Industry
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global UV Coatings Market, 2020 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 UV Coatings Market – Composition Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Composition, 2020 & 2028
    • 4.2. Oligomers
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Monomers
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Photoinitiators
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. PU Dispersions
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 UV Coatings Market – Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 5.2. Paper Coating
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Wood Coating
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Display Coating
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Plastic Coating
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Conformal Coating
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Over Print Varnish
      • 5.7.1. Market Size and Forecast, By Region (USD Million)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 UV Coatings Market – End Use Industry Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End Use Industry, 2020 & 2028
    • 6.2. Industrial Coatings
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Electronics
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Graphic Arts
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 UV Coatings Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2020 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Composition, 2020 – 2028
      • 7.2.3. North America Market Revenue, By Type, 2020 – 2028
      • 7.2.4. North America Market Revenue, By End Use Industry, 2020 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Composition, 2020 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Type, 2020 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End Use Industry, 2020 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Composition, 2020 – 2028
        • 7.2.6.2. Canada Market Revenue, By Type, 2020 – 2028
        • 7.2.6.3. Canada Market Revenue, By End Use Industry, 2020 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Composition, 2020 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Type, 2020 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End Use Industry, 2020 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Composition, 2020 – 2028
      • 7.3.3. Europe Market Revenue, By Type, 2020 – 2028
      • 7.3.4. Europe Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Composition, 2020 – 2028
        • 7.3.5.2. Germany Market Revenue, By Type, 2020 – 2028
        • 7.3.5.3. Germany Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Composition, 2020 – 2028
        • 7.3.6.2. France Market Revenue, By Type, 2020 – 2028
        • 7.3.6.3. France Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Composition, 2020 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Type, 2020 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Composition, 2020 – 2028
        • 7.3.8.2. Italy Market Revenue, By Type, 2020 – 2028
        • 7.3.8.3. Italy Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Composition, 2020 – 2028
        • 7.3.9.2. Spain Market Revenue, By Type, 2020 – 2028
        • 7.3.9.3. Spain Market Revenue, By End Use Industry, 2020 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Composition, 2020 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Type, 2020 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End Use Industry, 2020 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Composition, 2020 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Type, 2020 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Composition, 2020 – 2028
        • 7.4.5.2. China Market Revenue, By Type, 2020 – 2028
        • 7.4.5.3. China Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Composition, 2020 – 2028
        • 7.4.6.2. Japan Market Revenue, By Type, 2020 – 2028
        • 7.4.6.3. Japan Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Composition, 2020 – 2028
        • 7.4.7.2. India Market Revenue, By Type, 2020 – 2028
        • 7.4.7.3. India Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Composition, 2020 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Type, 2020 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Composition, 2020 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Type, 2020 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End Use Industry, 2020 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Composition, 2020 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Type, 2020 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End Use Industry, 2020 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Composition, 2020 – 2028
      • 7.5.3. Latin America Market Revenue, By Type, 2020 – 2028
      • 7.5.4. Latin America Market Revenue, By End Use Industry, 2020 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Composition, 2020 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Type, 2020 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End Use Industry, 2020 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Composition, 2020 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Type, 2020 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End Use Industry, 2020 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Composition, 2020 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Type, 2020 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End Use Industry, 2020 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2020 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Composition, 2020 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Type, 2020 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End Use Industry, 2020 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Composition, 2020 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Type, 2020 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End Use Industry, 2020 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Composition, 2020 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Type, 2020 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End Use Industry, 2020 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Composition, 2020 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Type, 2020 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End Use Industry, 2020 – 2028
  • Chapter No. 8 UV Coatings Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global UV Coatings Market: Company Market Share, 2019
      • 9.1.2. Global UV Coatings Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global UV Coatings Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global UV Coatings Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Akzonobel N.V.
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. The Valspar Corporation
    • 10.3. DIC Corporation Axalta Coatings Systems
    • 10.4. Dymax Corporation Royal DSM N.V.
    • 10.5. PPG Industries Inc.
    • 10.6. Akzo Nobel N.V.
    • 10.7. BASF SE
    • 10.8. The Sherwin-Williams Company
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The UV Coatings market was valued at USD 6.5 Billion in 2020.

The UV Coatings market is expected to reach USD 16.9 Billion by 2028, growing at a CAGR of 12.8% between 2021 to 2028.

Growing electronics industry globally is expected to drive the UV coatings market. Display coatings are the major type coatings used in the electronics across the globe. Rising disposable income and changing lifestyle in the developing countries is driving electronics industry across the globe. Additionally, internet of things is the new trend in the market that includes various electronic devices.

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.

Key players in UV coatings market include 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.

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