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Radiation Curable Coatings Market Trends

Report ID: GMI1682
Published Date: Aug 2023
Report Format: PDF

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Radiation Curable Coatings Market Trends

Increasing environmental consciousness is driving the demand for coatings with lower VOC content and reduced environmental impact. Radiation-curable coatings, with their low to zero solvent emissions, align well with sustainability goals. The emphasis on energy-efficient manufacturing processes is driving the adoption of radiation-curable coatings, which offer quick curing times and reduced energy consumption compared to conventional heat curing methods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for radiation curable coatings was worth USD 7.5 billion in 2022 and is estimated to reach USD 13.2 billion by 2032 attributed to the characteristics of radiation-curable coatings to instantly cure when exposed to UV or EB radiation which eliminates the need for long drying times and allows for faster processing in manufacturing.

The radiation curable coatings industry from the UV curable coatings amassed USD 4.1 billion in 2022 and is projected to gain momentum through 2032 as UV-curable coatings enable a quick curing process of UV coatings using less energy compared to traditional heat curing methods.

U.S. radiation-curable coatings generated USD 1.5 billion in revenue in 2022 and is anticipated to expand at a robust growth rate through 2032 owing to the rising demand for radiation-curable coatings from industries in North America seeking eco-friendly coating solutions.

The top companies engaged in the radiation curable coatings are BASF SE, DSM Coating Resins, Allnex, Covestro AG, Bayer MaterialScience AG, Royal DSM N.V., Eternal Materials Co., Ltd., Sartomer (a subsidiary of Arkema), Bomix Chemie GmbH, Red Spot Paint & Varnish Co., Inc., Miwon Specialty Chemical Co., Ltd., IGM Resins B.V., Dymax Corporation, Toyo Ink SC Holdings Co., Ltd., BASF-YPC Co., Ltd. among others.