UV-Curable Coatings Market Size, Applications and Segments (2023-2030)
A recent study by Fairfield provides a comprehensive analysis of the UV-curable coatings market. Projected to grow at a robust CAGR of over 11%, the market promises numerous opportunities on the back of environmental consciousness and expanding application horizons.
Read More: https://www.fairfieldmarketresearch.com/report/uv-curable-coatingsmarket
Key Highlights:
• The UV-curable coatings market stood at a commendable US$6-7 Bn valuation in 2021.
• Dominance is expected by Asia Pacific, spearheaded by industrial and electronic coatings demand.
• Stringent environmental norms, especially in regions like Europe and North America, further boost the market's growth potential.
The rise of green coatings has positioned UV-curable coatings as an environment-friendly and highperforming choice in the coatings industry. Enhanced regulations, particularly in Europe and North America, combined with the promise of reducing pollution levels, render UV-curable coatings as a significant market mover in the foreseeable future.
New application areas, ranging from concrete floor coatings to in-field applications, further widen the UV-curable coatings horizon. The expansive reach into various end-use industries, particularly the metal coatings sector, hints at an impending growth spurt in the market.
However, the journey wasn't always smooth. The market felt the pinch with the onset of COVID-19, which affected key sectors like industrial, electronics, and graphic arts. Recovery signs emerged in 2021, backed by a revival in end-use industry demands.
The market's soaring trajectory isn't devoid of challenges. The comparatively high costs of UV-curable coatings present a significant hurdle, especially in regions like Asia Pacific and the Middle East. High CAPEX costs linked to equipment upgrades further complicate the growth landscape.
Regional growth opportunities appear abundant. Asia Pacific, with its burgeoning middle-class population and aggressive industrialisation, promises unprecedented demand. Notably, China and Japan emerge as significant players. While China leads with its colossal automotive production and growing aviation sector, Japan's significant footprint in airplane manufacturing cements its position in the UV-curable coatings ecosystem.
Companies leading the global UV-curable coatings market landscape include PPG Industries Inc., Royal DSM N.V., BASF SE, DIC Corporation, and Akzo Nobel N.V., among others. With a shift towards
partnerships, collaborations, and new product launches, these giants ensure the market's dynamic evolution.
Our Blog:
https://www.xamly.com/uv-curable-coatings-market-trends-growth-and-forecast-20232030/
https://hackmd.io/@E4v1isUnROG4-prBVaQQGw/ryiFapeR2
http://www.pml4all.org/profiles/blogs/uv-curable-coatings-market-size-emergingopportunities-2023-2030
https://www.whizolosophy.com/category/money-finances/article-essay/uv-curablecoatings-market-size-advancements-and-scenario-2023-2030
https://researchmarkets.hashnode.dev/uv-curable-coatings-market-size-comprehensiveanalysis-2023-2030
https://www.clickone.co.in/story/uv-curable-coatings-market-eco-friendly-solutions2023-2030/?status=approved&submitted=1#google_vignette
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