omkar abhang

UV Coatings Market Growth, Share, Demand and Analysis of Key Players to 2024

Press Release   •   Jan 18, 2018 02:16 EST

UV coatings are type of coatings that are cured with ultraviolet radiation. It can be deployed on various substrates such as inks, paper, glass, plastics and wood products. UV coatings market can be segmented based on composition as PU dispersions, monomers, photo initiators and oligomers. Based on type of coatings, the market can be segmented as paper coatings, over print varnish, display coatings, plastic coatings, conformal coatings and others. End-use industries of UV coatings are graphics, electronics, packaging and various other industries that use industrial coatings.

Read Report Overview @

https://www.transparencymarketresearch.com/uv-coatings-market.html

Currently UV coatings market is dominated by wood coatings product type. This trend is expected to remain same in the 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. 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.

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. These electronic devices use display coatings that are cured with ultraviolet. Furthermore, rising environmental awareness among consumer groups is expected to boost the UV coatings market. Chemical curing method emits volatile organic compounds that are harmful to environment and human health. UV curing of the coatings is photomechanical method of curing, hence does not involve any organic compounds in the curing process.

However, availability of substitutes in the curing process is expected to hamper the UV coatings market. Chemical curing is among the strong competitor of UV curing process. Development of new products and applications is anticipated to provide immense opportunities for the players in the market. Additionally, development of bio-based UV coatings would open up an opportunity in the next few years.

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.

Request to view Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15980

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.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com