According to a new market report published by
Lucintel, the future of the global UV cured coatings market looks good with opportunities
in industrial, electronics and graphic arts industries. The global UV cured
coatings market is forecast to grow at a CAGR of 7.0% from 2016 to 2021. The
major growth drivers for this market are stringent environmental regulations,
growing awareness to reduce volatile organic compounds (VOC) emissions, and
growth in end use industries.
In this market, epoxy, polyester, urethane, and
others are the major chemical types used in UV cured coatings applications. On
the basis of its comprehensive research, Lucintel forecasts that the demand for
epoxy acrylates based UV cured coatings is expected to remain the largest
segment due to its better chemical and mechanical properties.
Within the UV cured coatings market, the wood
coatings segment is expected to remain the largest segment by value and volume
consumption. Increase in infrastructure spending, particularly for the
residential and commercial sector across the globe is expected to spur growth
for this segment over the forecast period.
Asia Pacific is expected to remain the largest
market due to economic growth, increasing investment in infrastructure in China,
India and Japan, and increasing production of electronics.
Rest of the World is expected to witness highest
growth over the forecast period due to growth in end use industries and
increasing investments in infrastructure are projected to drive the demand.
For business expansion, the report suggests
innovation and new product development to reduce curing time and develop coatings with low volatile organic
compounds (VOC). The report further suggests the development of
partnerships with customers to create win-win situations and the development of
low-cost solutions for end users.
Emerging
trends, which have a direct impact on the dynamics of the market, includes the adoption
of bio-based resins in the UV cured coatings market, development of high performance
coatings, and adoption of powder UV cured coatings. AkzoNobel N.V., PPG
Industries, Sherwin-Williams Company, Valspar Corporation, and Axalta Coatings
Systems are among the major suppliers of UV cured coatings. There are some
companies that are opting for mer ger
& acquisition as strategic initiatives for driving growth.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities for the global
UV cured coatings market by application type, end use type, chemical type, and
region and has come up with a comprehensive research report, “Growth
Opportunities for the Global UV Cured Coatings Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The Lucintel report serves as
a spring board for growth strategy as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the global UV cured coatings market by application type, end use type, chemical
type, and region as follows:
By application type, [Volume (Million Pounds)
and $ Million shipment from 2010 to 2021]:
·
Wood Coatings
·
Plastic Coatings
·
Overprint Varnishes
·
Conformal Coatings
·
Other Coatings
By end use type, [Volume (Million Pounds) and
$ Million shipment from 2010 to 2021]:
·
Industrial Coatings
·
Electronic Coatings
·
Graphic Arts
By chemical type, [Volume (Million Pounds) and
$ Million shipment from 2010 to 2021]:
·
Epoxy Acrylates
·
Polyester Acrylates
·
Urethane Acrylates
·
Others
By region, [Volume (Million Pounds) and $ Million
shipment from 2010 to 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
This 151-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link…… or
helpdesk@lucintel.com.
Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Strategic
Growth Consulting, Commercial Due Diligence
Report and Business
Strategy Consulting.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 How big the
opportunities for UV cured coatings market by application type, coatings
technology type, end use type, chemical type and regions?
Q.2 Which segments will grow
at a faster pace and why?
Q.3 Which region will
grow at a faster pace and why?
Q.4 What are
the key factors affecting market dynamics? What are the drivers and challenges
of the market?
Q.5 What are the
business risks and threats of this market?
Q.6 What
are emerging trends in this market and reasons behind them?
Q.7 What
are some changing demands of customers in the market?
Q.8 What are
the new developments in the market? Which companies are leading these
developments?
Q.9 Who are the
major players in this market? What strategic initiatives are taken by key
players for business growth?
Q.10 How
is the competitive rivalry and threat of substitution in this market?
Q.11 How
many M & A activities happened during last 1- 2 years and what are their
impacts?
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