Global Energy Curable Coatings Market: Overview
In the recent times, the global market for energy curable coatings has observed a noticeable rise and is anticipated to experience an upswing in its valuation in the years to come. The significant rise in the paints and coatings industry is likely to propel this market substantially over the next few years.
This market study is a thorough analytical research of the performance of the worldwide market for energy curable coatings in past and over the period from 2017 to 2025. The report emphasizes especially on the growth boosters, opportunities, challenges, obstacles, and the prominent trends in this market in a bid to determine the pace of its progress.
Global Energy Curable Coatings Market: Key Trends and Opportunities
The two main types of energy curable coatings are ultraviolet (UV) and electron beam (EB). Both UV and EB curing technologies are advanced, eco-friendly, and efficient methods for laminating adhesives, curing inks, and coatings than the traditional solvent- or water-based technologies. EB technology is a highly powerful industrial coating and is most suited for low density materials, such as high opacity ink layers, polyolefin films and papers, and laminating adhesive layers, whereas, UV technology works better for low optical density-based materials, such as metallic ink and printed ink.
Epoxy acrylates, urethane acrylates, and polyester acrylates are the main chemical components, which make the bases for energy curable coatings. The demand for epoxy acrylates-based coatings is projected to rise substantially over the next few years, owing to its superior mechanical and chemical properties.
Global Energy Curable Coatings Market: Regional Outlook
The global market for energy curable coatings is spread across North America, Asia Pacific (APAC), Eastern Europe, Western Europe, Latin America, and the Middle East and Africa (MEA). Among these North America has surfaced as the leading market for energy curable coatings in terms of both, production and consumption. The markets in Asia Pacific and Europe follow the North American market closely. The U.S. has emerged as the key contributor to the North America market for energy curable coatings, thanks to the strict environmental regulations and rising uptake of eco-friendly, low VOC, and non-hazardous coatings in a number of industries in the economy.
The market in Asia Pacific is projected to expand substantially in the near future due to the rising population, rapid growth in the economy, increasing investment in infrastructural developments in India, China, and Japan, and the surging production of electronic products in the region. On the other hand, the market for energy curable coatings in the Middle East and Africa is likely to grow at a moderate pace in the coming years, due to lesser product awareness among consumers.
Global Energy Curable Coatings Market: Competitive Analysis
The global market for energy curable coatings demonstrates a moderately fragmented market with a significantly high number of participants. Allnex, RAHN AG, BASF SE, Sartomar, and Royal DSM are some of the leading players in this market. These companies are currently focusing on innovation and advancements in their products to sustain in this competitive environment. However, their focus is projected to shift towards strategic alliances in the near future, in an effort to expand their reach across the world.
The global energy curable coatings market is segmented as below:
- Ultraviolet (UV)
- Electron Beam (EB)
- Epoxy Acrylates
- Polyester Acrylates
- Urethane Acrylates
- North America
- Latin America
- Western Europe
- Nordic Countries
- Eastern Europe
- Asia Pacific
- New Zealand
- Middle East and Africa
- Southern Africa
- North Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.