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UV Curable Coatings Market Size

Report ID: GMI5394
Published Date: Apr 2023
Report Format: PDF

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UV Curable Coatings Market Size

UV Curable Coatings Market size valued at USD 5.5 billion in 2022 and is set to grow at over 7.5% CAGR from 2023 to 2032. Increasing application scope of UV curing technology for surface protection will complement business growth.

UV Curable Coatings Market

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The industry scenario is slated to be driven by the benefits UV curable coatings offer while still conforming to the tightening environmental regulations across the globe, particularly in Europe and North America. These regulations are pushing consumer demand towards green coatings such as UV curable coatings as their usage on surfaces such as wood, metal, paper, and ceramics is considered environmental-friendly. They do not cause any volatile emissions owing to their 100% solids content, and can cure surfaces almost instantaneously, which also proliferate their adoption across numerous applications.

UV Curable Coatings Market Report Attributes
Report Attribute	Details
Base Year:	2022
UV Curable Coatings Market Size in 2022:	5.8 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.5%
2032 Value Projection:	12.2 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	261
Tables, Charts & Figures:	315
Segments covered:	Resin, Technology, Application, and Region
Growth Drivers:	Environmental benefits of UV curable coating UV curing technology for protection of surfaces Incrementing demand from automotive industry
Pitfalls & Challenges:	Limited absorption with pigments system Cracking defects caused from UV coated paper

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Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

In 2022, the global market size for UV curable coatings registered a valuation of over USD 5.5 billion and is poised to grow at over 7.5% CAGR through 2032.

APAC ultraviolet curable coatings market share is slated to cross USD 6 billion by 2032 on account of a growing consumer inclination towards eco-friendly products in the region and increasing R&D towards advancing the regional coatings industry.

The UV curable urethanes acrylates coatings segment is poised to surpass USD 2.5 billion by 2032, driven by its rising applications in industrial, automotive, packaging, and plastic coatings sector.

Some of the leading players in the ultraviolet curable coatings market include names such as Teknos Group, Dymax Corporation, SDC Technologies, Arshland Inc., Dow, Cardinal, Master Bond Inc., among others.