The UV-Cured Coatings market is projected to grow at a CAGR of XX% during the forecast period, reaching a total market size of US$XX billion in 2024. Strict environmental regulations regarding VOC emissions is one of the major drivers of UV-cured coatings market. Rising demand for UV-cured coatings across various industries such as automotive and electronics is further fuelling the growth of UV-cured coatings market. Emerging adoption of powder UV-cured coatings will continue to bolster the growth of UV-cured coatings market during the forecast period. Geographically, APAC is projected to hold a significant market share owing to booming production of electronics in the region.
Growing demand across electronics industry
Rising demand for wood finishing
High initial cost of equipment
The global manufacturer of electro-chemicals, Electrolube, launched seven next generation UV cure conformal coating products at the SMTConnect show in Nuremburg in May 2019.
The major players profiled in the UV-Cured Coatings market include Akzo Nobel N.V., PPG Industries, Inc., DSM, Watson Coatings, Inc., Sandstrom Products Company, Seagrave Coatings , Electrolube, INDUSTRIA CHIMICA ADRIATICA SpA, The Sherwin-Williams Company, and Dymax Corporation.
The UV-Cured Coatings Market has been analyzed through the following segments:
By Resin Type
By End-User Industry
Middle East and Africa