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Radiation Curable Coatings Market Report by Ingredient (Oligomers, Monomers, Photoinitiators, Additives), Type (Ultraviolet Curing, Electron Beam Curing), Application (Paper and Film, Printing Inks, Plastics, Wood, Glass, and Others), and Region 2024-2032
Market Report I 2024-09-10 I 142 Pages I IMARC Group
The global radiation curable coatings market size reached US$ 8.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
Radiation curable coatings comprise reactive liquid, pigments, and additives that are cured using high-intensity radiation energy from visible light, ultraviolet (UV) energy, or low energy electrons (EB). These coatings have a long service life and high performance, require low energy costs, improve surface properties, and protect against corrosion. They also offer low levels of volatile organic compounds (VOCs) and enhance resistance against scratch, impact, abrasion, chemical, and mechanical. Consequently, they find applications in various end use industries to improve the durability, function, and aesthetic appeal of components and products made using glass, plastic, metal, and wood.
Radiation Curable Coatings Market Trends:
The extensive usage of radiation curable coatings in various industry verticals represents one of the key factors bolstering the market growth. For instance, they are employed in the automotive industry to manufacture scratch-resistant keyboards, key panels, gear levers, and other vehicle components. This, in confluence with the escalating demand for advanced infotainment systems in cars, is stimulating the market growth. Moreover, the emerging trend of automated products for household activities is driving the adoption of radiation curable coatings in making domestic electronic appliances, such as microwaves, ovens, dishwashers, and refrigerators. They also find usage in the printing and packaging of plastic bottles, eyeglass lenses, yogurt pots, polystyrene cups, advertising materials, and cellphone and television (TV) set casings. Apart from this, they find extensive application in the manufacturing of fiber optic cables that are widely used in internet cables to transmit large amounts of data at high speed. Furthermore, due to their easy installation and bond strength properties, the demand for radiation curable coatings is anticipated to expand in wood furniture and tubing steel pipes for oil drilling.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global radiation curable coatings market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on ingredient, type and application.
Breakup by Ingredient:
- Oligomers
- Monomers
- Photoinitiators
- Additives
Breakup by Type:
- Ultraviolet Curing
- Electron Beam Curing
Breakup by Application:
- Paper and Film
- Printing Inks
- Plastics
- Wood
- Glass
- Others
Breakup by Region:
- North America
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Akzo Nobel N.V., Allnex (PTT Global Chemical Public Company Limited), Ashland Global Specialty Chemicals Inc., Axalta Coating Systems Ltd., BASF SE, DIC Corporation, Dymax Corporation, Evonik Industries AG, Momentive Performance Materials Inc., PPG Industries Inc. and The Sherwin-Williams Company.
Key Questions Answered in This Report
1. What was the size of the global radiation curable coatings market in 2023?
2. What is the expected growth rate of the global radiation curable coatings market during 2024-2032?
3. What are the key factors driving the global radiation curable coatings market?
4. What has been the impact of COVID-19 on the global radiation curable coatings market?
5. What are the key regions in the global radiation curable coatings market?
6. Who are the key players/companies in the global radiation curable coatings market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Radiation Curable Coatings Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Ingredient
6.1 Oligomers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Monomers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Photoinitiators
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Additives
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Type
7.1 Ultraviolet Curing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electron Beam Curing
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Paper and Film
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Printing Inks
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Plastics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Wood
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Glass
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Akzo Nobel N.V.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Allnex (PTT Global Chemical Public Company Limited)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Ashland Global Specialty Chemicals Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Axalta Coating Systems Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 BASF SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 DIC Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Dymax Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Evonik Industries AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Momentive Performance Materials Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 PPG Industries Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 The Sherwin-Williams Company
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
Figure 1: Global: Radiation Curable Coatings Market: Major Drivers and Challenges
Figure 2: Global: Radiation Curable Coatings Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Radiation Curable Coatings Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Radiation Curable Coatings Market: Breakup by Ingredient (in %), 2023
Figure 5: Global: Radiation Curable Coatings Market: Breakup by Type (in %), 2023
Figure 6: Global: Radiation Curable Coatings Market: Breakup by Application (in %), 2023
Figure 7: Global: Radiation Curable Coatings Market: Breakup by Region (in %), 2023
Figure 8: Global: Radiation Curable Coatings (Oligomers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Radiation Curable Coatings (Oligomers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Radiation Curable Coatings (Monomers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Radiation Curable Coatings (Monomers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Radiation Curable Coatings (Photoinitiators) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Radiation Curable Coatings (Photoinitiators) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Radiation Curable Coatings (Additives) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Radiation Curable Coatings (Additives) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Radiation Curable Coatings (Ultraviolet Curing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Radiation Curable Coatings (Ultraviolet Curing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Radiation Curable Coatings (Electron Beam Curing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Radiation Curable Coatings (Electron Beam Curing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Radiation Curable Coatings (Paper and Film) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Radiation Curable Coatings (Paper and Film) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Radiation Curable Coatings (Printing Inks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Radiation Curable Coatings (Printing Inks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Radiation Curable Coatings (Plastics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Radiation Curable Coatings (Plastics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Radiation Curable Coatings (Wood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Radiation Curable Coatings (Wood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Radiation Curable Coatings (Glass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Radiation Curable Coatings (Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Radiation Curable Coatings (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Radiation Curable Coatings (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Radiation Curable Coatings Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Radiation Curable Coatings Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Radiation Curable Coatings Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Radiation Curable Coatings Industry: SWOT Analysis
Figure 82: Global: Radiation Curable Coatings Industry: Value Chain Analysis
Figure 83: Global: Radiation Curable Coatings Industry: Porter's Five Forces Analysis
Table 1: Global: Radiation Curable Coatings Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Radiation Curable Coatings Market Forecast: Breakup by Ingredient (in Million US$), 2024-2032
Table 3: Global: Radiation Curable Coatings Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Radiation Curable Coatings Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Radiation Curable Coatings Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Radiation Curable Coatings Market: Competitive Structure
Table 7: Global: Radiation Curable Coatings Market: Key Players
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