The radiation cured products market has been forecast to reach 491 thousand metric tons by 2018, driven by stringent environmental legislations and robust demand from developing countries.
Radiation curing is currently a massive industry worldwide driven by the growing popularity of rad-cure coatings, adhesives, and inks.
The widespread adoption of radcure technology for a wide spectrum of applications is attributed to several advantages, such as, quicker results, lower VOC emissions, improved physical characteristics, and cost-effectiveness when compared to other competing technologies.
Radcure technology is making inroads into major end-use sectors like construction, furniture, medical, and automotive industries, supported by growing awareness about the benefits of the technology.
Coatings constitutes the largest product market. High productivity, improved product performance, environmental compliance and cost benefits are driving consumer interest in radcure coating products.
Radcure coatings offer robust and dynamic capabilities that help manufacturers to minimize energy expenses and accelerate production. The technology progressively finds utility on thermally sensitive substrates.
Additionally, incremental improvements in product performance are widening its adoption in electronics, wood, printing, and packaging industry, among others.
Radiation curable products are used for a wide variety of applications, which vary in importance from region to region. In North America, the graphic arts sector (which includes overprint varnishes and inks) predominates, with coatings, adhesives and other industries being of lesser importance.
In Europe, the wood coatings and graphic arts markets account for about 80% of demand. The situation is different in Asia. Radiation curable film resists, printing plates, semiconductor resists and colour filter resists are used extensively for semiconductors, printed circuit boards, printing plates and other components.
In Asia, except China, these uses account for 30-40% of the total market for radiation curable products. In China, the major uses of radiation curable products are as wood, bamboo, and paper and plastics coatings, accounting for approximately 60% of the total market.
For more information on the radiation cured products market, see the latest research: Radiation Cured Products Market
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