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Radiation Curable Coatings Market Size
- Report ID: GMI1682
- Published Date: Aug 2023
- Report Format: PDF
Radiation Curable Coatings Market Size
Radiation Curable Coatings Market size was valued at around USD 7.5 billion in 2022 and is anticipated to grow at a CAGR of 5.9% between 2023 and 2032. Radiation-curable coatings cure almost instantly when exposed to UV or EB radiation. This rapid curing process leads to increased productivity as it eliminates the need for long drying times and allows for faster processing in manufacturing.
Radiation-curable coatings are generally solvent-free or have low VOC (volatile organic compound) content. This eco-friendly aspect aligns with the growing emphasis on sustainable and environmentally conscious products.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Radiation Curable Coatings Market Size in 2022: | USD 7.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.9% |
| 2032 Value Projection: | USD 13.2 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 246 |
| Segments covered: | Type, Function, Application, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Not all substrates are suitable for radiation curing. Some materials may not adequately transmit UV or electron beam radiation, leading to incomplete or uneven curing. Developing radiation-curable formulations that meet specific performance requirements while maintaining stability, consistency, and low VOC content can be complex. Radiation-curable coatings require specialized equipment for curing, such as UV lamps or electron beam systems. Thus, the risks associated with radiation curable coatings may drive down the acceptance rate, further hampering the business growth.
Frequently Asked Questions (FAQ) :
Radiation Curable Coatings Market Scope
