UV curing or ultraviolet curing is a photochemical process employed along with ultraviolet light to have instant drying or curing of inks, coatings, or adhesives. UV-cured coating is a mixture of liquid monomers and oligomers with a small quantity of photo initiators that are exposed to UV light for quick drying. UV energy provides with quicker drying of the coating as compared to heat. Currently, UV-cured coating is gaining importance due to various advantages over traditional heat drying or air drying methods that are based on solvent evaporation techniques. The advantages include increase in production speed, reduction in rejection rates, improved resistance against scratches and solvents, and superior bonds. UV-cured coating helps in achieving increased productivity and improved product quality & performance. Moreover, it is an eco-friendly solution. Due to these advantages, UV-cured coating have wide applications in industries such as telecommunication, electronics, graphic arts, automotive, converting, and metal, glass and plastic decoration. UV-cured coating is also gaining popularity due to its environment-friendly characteristics. Growing awareness about pollution control and increasing stringent pollution control norms and policies are expected to drive usage of UV-cured coatings. Moreover, the need to provide a better quality product in a shorter time span in reasonable quantities is constantly rising due to increasing industrialization, development in regions such as Asia Pacific, and competition across various industry segments and product lines. Hence, UV-cured coating is being adopted widely across different industry segments. Moreover, improved standard of living and increased disposable income of people in developing countries contribute to the growth of various industry segments, which in turn boosts the growth of the UV-cured coatings market. The market in Middle East & Africa is in a nascent stage, thus providing significant scope and opportunities. Use of UV-cured coating has several disadvantages due to use of UV light such as health hazards because of increased exposure to UV light and can only be used for drying at places with access to UV light. Moreover, exposure to UV light weakens plastics and has effects such as color fading/changing in pigments.

Based on end-use, the UV-cured coatings market can be segmented into automotive, electronics, graphic arts, and glass and plastic decoration. Automotive and electronics being growing markets are expected to contribute considerably and experience significant growth during the forecast period. Rapid development, industrial growth, improved standard of living, and increasing disposable incomes of the people in developing countries are the factors contributing to the growth of the automotive market. This in turn is likely to increase demand for UV-cured coatings.

In terms of application, the UV-cured coatings market can be segmented into plastic coatings, wood & paper, and metal cuttings. The plastic coatings segment is expected to be dominate the UV-cured coatings market owing to increased demand in the electronics and automotive industries.

Geographically, the UV-cured coatings market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The electronics and automotive segments are expected to experience considerable growth during the forecast period due to the industrial growth and development in the developing countries in Asia Pacific. Europe is expected to gain market share during the forecast period. The industrial segment of the UV-cured coatings market is expected to witness strong growth in regions such as Asia Pacific and Europe driven by industrial growth, development, increased disposable incomes, and awareness about environmental pollution control.

Key players in the industry include BASF SE, Nippon Ghosei, Hitachi Chemical Co. Ltd., and Tagosei Co. Ltd.and many others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Uv Cured Coatings

Pre Book