Lucintel Forecasts UV Cured Coatings Market to Reach $2.4 Billion by 2027

According to the recent study the UV cured coatings market is projected to reach an estimated $2.4 billion by 2027 from $1.7 billion in 2021, at a CAGR of 6.1% from 2021 to 2027. Growth in this market is primarily driven by stringent environmental regulations, growing awareness to reduce volatile organic compounds (VOC) emissions, and growth in end use industries.

Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in UV cured coatings market by application (wood coatings, plastic coatings, overprint varnishes, conformal coatings, and other coatings), end use industry (industrial coatings, electronic coatings, and graphic arts), chemical type (epoxy acrylates, polyester acrylates, urethane acrylates, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Epoxy acrylates market is expected to remain the largest segment during the forecast period.”

Based on chemical type, the UV cured coatings market is segmented into epoxy acrylates, polyester acrylates, urethane acrylates, and others. Lucintel forecasts that the epoxy acrylates market 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 application.”

Based on application the wood coatings segment is expected to witness the highest growth over the forecast period due to 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 will dominate the UV cured coatings market in near future.”

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.

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Major players of UV cured coatings market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Akzo Nobel, PPG Industries, Sherwin Williams, Valspar Corporation, and Axalta Coating System are among the major UV cured coatings providers.

This unique 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 https://www.lucintel.com/uv-cured-coatings-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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