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Radiation Cured Products (Coatings, Inks, and Adhesives) Market

Radiation Cured Products (Coatings, Inks, and Adhesives) Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Radiation cured products are obtained by the process of radiation curing that can be modulated to fit in a broad range of applications. Key radiation cured products include coatings, inks and adhesives. These coatings, inks and adhesives find further applications in end-user industries such as wood, paper, glass, metal etc. The revenue generated by the global RCP market was USD 4,938.5 million in 2012. This market is expected to reach USD 7,930.1 million by 2019 and is anticipated to grow at a CAGR of 7.0% from 2013 to 2019. 
 
Radiation cured coatings accounted for the largest share of the Radiation Cured Products market in terms of both volume and revenue in 2012. Radiation cured inks was the second largest product segment of radiation cured products followed by radiation cured adhesives. The RCP industry exhibits high degree of backward integration as majority of RCP producers are also engaged in the production of its feedstock materials. This backward integration gives these participants a distinctive competitive advantage in terms of raw material procurement and supply.
 
The radiation curing process is instantaneous and requires very less time as compared to the conventional thermal curing process, hence it is used for a wide range of applications. Global demand of RCP is mainly driven by the environmental compliance of this technology and increase in the infrastructure activities that have led to a rise in demand for wood coatings. Radcure technology produces very little to no waste and the waste so produced is disposed of as ordinary waste. The process requires less space, time and energy as compared to other curing technologies. Large market share and steady growth rate are a result of the instant curing times and improved productivity offered by radcure coatings that help to increase the cost effectiveness of the process.
 
Radiation cured inks is the other important product type produced by the radiation curing process. The transition towards energy cured inks and high value digital inks are expected to drive the market of radcure inks in the near future. The major end users of radcure inks are packaging and printing industries. The growth of RCP market is likely to be restricted by factors such as rising raw material prices. The raw materials used for making RCP are different oligomers and monomers which are crude oil derivatives. The crude oil market is always fluctuating and is uncertain and therefore involves a high price and supply instability.
 
Asia-Pacific and Europe were the major markets for RCP in 2012. With around 40% share in total demand, Asia-Pacific was the largest regional market for RCP in 2012. Leading RCP manufacturers have concentrated on capacity expansion in Asia Pacific to increase their yields and revenues and cater to the increasing demand. The RCP market witnessed a significant decline in demand due to the global economic downturn during 2008 and 2009. However, it has witnessed steady rise in demand since 2010 due to the uptrend in end-user industries following revival of the global economy. 
 
In the recent past, industry participants have shifted their focus on capacity expansion to increase production capacities of their respective facilities. Looking into the growth trends in the end user industries such as wood coatings, packaging and textiles, RCP manufacturers are focused on capacity expansion. Some of the key market participants operating in the RCP market include Ashland Inc., BASF SE, Bayer MaterialScience, DIC Corporation, Cytech Industries etc.
 
global-rcp-market-2012-2019
     
    Chapter 1 Preface
    1.1 Report description
    1.2 Market segmentation
          1.2.1 Global RCP market, by product and region
    1.3 Research scope
          1.3.1 Assumptions
    1.4 Research methodology
     
    Chapter 2 Executive summary
    2.1 Global RCP market, 2012 – 2019 (Kilo Tons) (USD Million)
     
    Chapter 3 Radiation Cured Products Market: Industry Analysis
    3.1 Introduction
    3.2 Value chain analysis
    3.3 Market Drivers
          3.3.1 Stringent environmental regulations encouraging environment-friendly technologies
          3.3.2 North America carbon dioxide emissions for coating equivalent surface areas (Million MT)
          3.3.3 Production benefits and cost advantage offered by radiation cured technology
          3.3.4 North America annual energy usage for coating equivalent surface areas
          3.3.5 Growing wood coatings market
          3.3.6 Global wood coatings market, 2012 - 2019 (Kilo Tons) (USD Million)
    3.4 Restraints
          3.4.1 Escalating raw material prices
          3.4.2 Stringent safe working environment requirements
    3.5 Opportunities
          3.5.1 Use of Bio-based material for RCP
          3.5.2 New product developments
    3.6 Porter’s five forces analysis
          3.6.1 Bargaining power of suppliers
          3.6.2 Bargaining power of buyers
          3.6.3 Threat of new entrants
          3.6.4 Threat from substitutes
          3.6.5 Degree of competition
    3.7 RCP: Market attractiveness analysis
     
    Chapter 4 Global RCP Market: Product Segment Analysis
    4.1 Global RCP market overview: by product type
          4.1.1 Global RCP market share, by product type, 2012 & 2019
    4.2 Radiation cured coatings
          4.2.1 Global radiation cured coatings market, 2012 - 2019 (Kilo Tons) (USD Million)
    4.3 Radiation cured inks
          4.3.1 Global radiation cured inks market, 2012 - 2019 (Kilo Tons) (USD Million)
    4.4 Radiation cured adhesives
          4.4.1 Global radiation cured adhesives market, 2012 - 2019 (Kilo Tons) (USD Million)
     
    Chapter 5 Global RCP Market: Regional Analysis
    5.1 Global RCP market: Regional overview
          5.1.1 Global RCP market share, by region, 2012 – 2019
    5.2 North America
          5.2.1 North America RCP market volume, by product type, 2012 -2019 (Kilo Tons)
          5.2.2 North America RCP market revenue, by product type, 2012-2019 (USD Million)
    5.3 Europe
          5.3.1 Europe RCP market volume, by product type, 2012 -2019 (Kilo Tons)
          5.3.2 Europe RCP market revenue, by product type, 2012- 2019 (USD Million)
    5.4 Asia Pacific
          5.4.1 Asia Pacific RCP market volume, by product type, 2012 - 2019 (Kilo Tons)
          5.4.2 Asia Pacific RCP market revenue, by product type, 2012 -2019 (USD Million)
    5.5 Rest of the World (RoW)
          5.5.1 RoW RCP market volume, by product type, 2012 -2019 (Kilo Tons)
          5.5.2 RoW RCP market revenue, by product type, 2012 - 2019 (USD Million)
     
    Chapter 6 Company Profiles
    6.1 Ashland Inc.
          6.1.1 Company overview
          6.1.2 Product Portfolio
          6.1.3 Financial overview
          6.1.4 Business strategy
          6.1.5 SWOT Analysis
          6.1.6 Recent developments
    6.2 BASF SE
          6.2.1 Company overview
          6.2.2 Product Portfolio
          6.2.3 Financial overview
          6.2.4 Business strategy
          6.2.5 SWOT Analysis
          6.2.6 Recent developments
    6.3 Bayer MaterialScience AG
          6.3.1 Company overview
          6.3.2 Product Portfolio
          6.3.3 Financial Overview
          6.3.4 Business strategy
          6.3.5 SWOT Analysis
          6.3.6 Recent developments
    6.4 Cytec Industries Inc.
          6.4.1 Company overview
          6.4.2 Product Portfolio
          6.4.3 Financial overview
          6.4.4 Business strategy
          6.4.5 SWOT Analysis
          6.4.6 Recent developments
    6.5 Dexerials Corporation
          6.5.1 Company overview
          6.5.2 Product portfolio
          6.5.3 Financial overview
          6.5.4 Business strategy
          6.5.5 SWOT analysis
          6.5.6 Recent developments
    6.6 Dymax Corporation
          6.6.1 Company overview
          6.6.2 Product Portfolio
          6.6.3 Business strategy
          6.6.4 SWOT Analysis
          6.6.5 Recent developments
    6.7 DIC Corporation
          6.7.1 Company overview
          6.7.2 Product Portfolio
          6.7.3 Financial Overview
          6.7.4 Business strategy
          6.7.5 SWOT Analysis
          6.7.6 Recent developments
    6.8 Electronics For Imaging Inc. (EFI)
          6.8.1 Company overview
          6.8.2 Product portfolio
          6.8.3 Financial overview
          6.8.4 Business strategy
          6.8.5 SWOT analysis
          6.8.6 Recent developments
    6.9 Flint Group
          6.9.1 Company overview
          6.9.2 Financial overview
          6.9.3 Business strategy
          6.9.4 1.4.4 SWOT analysis
          6.9.5 Recent developments
    6.10 Fujifilm Sericol U.S.A Inc.
          6.10.1 Company overview
          6.10.2 Product portfolio
          6.10.3 Business strategy
          6.10.4 SWOT analysis
          6.10.5 Recent developments
    6.11 Lord Corporation
          6.11.1 Company overview
          6.11.2 Financial overview
          6.11.3 Business strategy
          6.11.4 SWOT analysis
          6.11.5 Recent Developments
    6.12 PPG Industries Inc.
          6.12.1 Company overview
          6.12.2 Product portfolio
          6.12.3 Financial overview
          6.12.4 Business strategy
          6.12.5 SWOT analysis
          6.12.6 Recent developments
    6.13 Red Spot Paint & Varnish Company Inc.
          6.13.1 Company overview
          6.13.2 Product portfolio
          6.13.3 Business strategy
          6.13.4 SWOT analysis
          6.13.5 Recent developments
    6.14 Royal Adhesives & Sealants, LLC
          6.14.1 Company overview
          6.14.2 Product Portfolio
          6.14.3 Business strategy
          6.14.4 SWOT Analysis
          6.14.5 Recent developments
    6.15 Royal DSM N.V. Corporation
          6.15.1 Company overview
          6.15.2 Product portfolio
          6.15.3 Financial overview
          6.15.4 Business strategy
          6.15.5 SWOT analysis
          6.15.6 Recent developments
    6.16 Toyo Ink SC Holdings Co. Ltd.
          6.16.1 Company overview
          6.16.2 Product portfolio
          6.16.3 Financial overview
          6.16.4 Business strategy
          6.16.5 SWOT analysis
          6.16.6 Recent developments
    List of Tables
     
    TABLE 1 Global RCP market: Snapshot
    TABLE 2 North American carbon dioxide emissions for coating equivalent surface areas(Million MT)
    TABLE 3 North America annual energy usage for coating equivalent surface areas
    TABLE 4 North America RCP market volume, by product type, 2012 -2019 (Kilo Tons)
    TABLE 5 North America RCP market revenue, by product type, 2012-2019 (USD Million)
    TABLE 6 Europe RCP market volume, by product type, 2012 -2019 (Kilo Tons)
    TABLE 7 Europe RCP market revenue, by product type, 2012- 2019 (USD Million)
    TABLE 8 Asia Pacific RCP market volume, by product type, 2012 - 2019 (Kilo Tons)
    TABLE 9 Asia Pacific RCP market revenue, by product type, 2012 -2019 (USD Million)
    TABLE 10 RoW RCP market volume, by product type, 2012 -2019 (Kilo Tons)
    TABLE 11 RoW RPC market revenue, by product type, 2012 - 2019 (USD Million)

    List of Figures 

     

    FIG. 1 Global RCP market, by application and region

    FIG. 2 Global RCP market, 2012 - 2019 (Kilo Tons) (USD Million)

    FIG. 3 RCP : Value chain analysis

    FIG. 4 Global wood coatings market, 2012 – 2019 (Kilo Tons), (USD Million)

    FIG. 5 Porter’s five forces analysis for RCP market

    FIG. 6 RCP: Market attractiveness analysis

    FIG. 7 Global RCP market, 2012 – 2019 

    FIG. 8 Global radiation cured coatings market, 2012 – 2019 (Kilo Tons), (USD Million)

    FIG. 9 Global radiation cured ink market, 2012 - 2019 (Kilo Tons) (USD Million)

    FIG. 10 Global radiation cured adhesives market, 2012 - 2019 (Kilo Tons) (USD Million)

    FIG. 11 Global RCP market volume share by geography, 2012 & 2019

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Radiation Cured Products (Coatings, Inks, and Adhesives) Market

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