Global Radiation Curable Coatings Market Size By Raw Materials, By Application, By Geographic Scope And Forecast
Report ID: 250135|No. of Pages: 202
Global Radiation Curable Coatings Market Size By Raw Materials, By Application, By Geographic Scope And Forecast
Radiation Curable Coatings Market Size And Forecast
Radiation Curable Coatings Market size was valued at USD 7.08 Billion in 2023 and is projected to reach USD 20.5 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030.
Global Radiation Curable Coatings Market Drivers
The market drivers for the Radiation Curable Coatings Market can be influenced by various factors. These may include:
- Sustainability and Environmental Rules: Demand for radiation-curable coatings is being driven by stricter rules against solvent-based coatings and an increasing focus on ecologically friendly products. These coatings are a recommended option for sustainable practices because they release little to no volatile organic compounds (VOCs).
- Technological Advancements: By improving the effectiveness, performance, and range of applications of radiation curable coatings, advances in electron beam and UV curing technologies are propelling the market upward.
- Strong Performance and Durability: Radiation curable coatings are perfect for a wide range of applications across industries because they have excellent qualities like strong scratch resistance, quick curing periods, and increased durability.
- Growing End-Use Industry Demand: Because of their superior performance qualities and advantages for the environment, radiation curable coatings are highly sought after by the wood, electronics, automotive, and packaging industries.
- Cost-effectiveness and Energy Efficiency: Radiation curing technologies are an appealing alternative for manufacturers due to their lower operating costs, which are a result of their reduced energy usage and shorter production cycles.
- Growing Urbanisation and Industrialization: The need for high-performance coatings in the consumer goods, infrastructure, and building industries is increased by the fast urbanisation and industrialization of the world, especially in emerging economies.
Global Radiation Curable Coatings Market Restraints
Several factors can act as restraints or challenges for the Radiation Curable Coatings Market. These may include:
- High Initial Investment: Small and medium-sized businesses may be discouraged from implementing radiation curing technologies because to the setup costs associated with UV and electron beam curing systems, which can be very expensive.
- Technical Complexity: Because not all businesses have the necessary technical skill, the necessity for specialised knowledge and expertise to operate and maintain radiation curing devices might be a barrier.
- Cost and Limited Availability of Raw Materials: The development of the radiation curable coatings market can be hindered by the high cost and limited availability of raw materials.
- Limited Penetration in emerging Regions: Due to financial limitations and a lack of knowledge, sophisticated coating technologies are adopted more slowly in emerging regions, which has an effect on market expansion.
- Health and Safety Concerns: Strict safety procedures must be followed while handling and being exposed to radiation sources in order to prevent health risks. This can make implementation more difficult and discourage some businesses from utilising these coatings.
- Compatibility Issues: The application range of radiation curable coatings is limited, potentially impeding market expansion, as not all substrates are compatible with them.
Global Radiation Curable Coatings Market Segmentation Analysis
The Global Radiation Curable Coatings Market is segmented on the basis of Raw Materials, Application, and Geography.
Radiation Curable Coatings Market, By Raw Materials
- Oligomers
- Monomers
- Additives
- Photoinitiators
Radiation Curable Coatings Market, By Application
- Paper & Film Coatings
- Printing Inks
- Wood
- Plastics
- Electronic Products
Radiation Curable Coatings Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of The World
Key Players
- BASF
- DSM
- Cytec
- DIC
- Akzo Nobel
- Alpha Coating technologies
- Arkema
- Asian Paints
- Axalta Coating Systems
- Berger Paints
- AkzoNobel N.V.
- PPG Industries, Inc.
- The Sherwin-Williams Company
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | BASF, DSM, Cytec, DIC, Akzo Nobel, Alpha Coating technologies, Arkema, Asian Paints, Axalta Coating Systems, and Berger Paints. |
| SEGMENTS COVERED | By Raw Materials, By Application, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL RADIATION CURABLE COATINGS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL RADIATION CURABLE COATINGS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL RADIATION CURABLE COATINGS MARKET, BY TYPE
5.1 Overview
5.2 Oligomers
5.3 Monomers
5.4 Photoinitiators
5.5 Additives
6 GLOBAL RADIATION CURABLE COATINGS MARKET, BY APPLICATION
6.1 Overview
6.2 Paper & Film Coatings
6.3 Printing Inks
6.4 Wood
6.5 Plastics
6.6 Electronic Products
7 GLOBAL RADIATION CURABLE COATINGS MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East and Africa
8 GLOBAL Radiation Curable Coatings MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 BASF
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 DSM
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Cytec
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 DIC
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Akzo Nobel
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Alpha Coating Technologies
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Arkema
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Asian Paints
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Axalta Coating Systems
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 Berger Paints
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 KEY DEVELOPMENTS
10.1 Product Launches/Developments
10.2 Mergers and Acquisitions
10.3 Business Expansions
10.4 Partnerships and Collaborations
11 Appendix
11.1 Related Research
Report Research Methodology
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We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
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Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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