The global UV curing coatings market to grow at a CAGR of 7.52% during the period 2017-2021.
Global UV Curing Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the include/exclude new installations/shipments/sales/volume/value and retrofit/replacement/spares/aftermarket/services market.
The latest trend gaining momentum in the market is Growing demand from the wood and furniture industries. The increased demand for UV curing coatings from the wood coating industry is one of the most crucial factors for the growth of the market. UV curing coatings, obtained as primers, topcoats, and sealants are widely used in the wood and furniture industries for architectural moldings, doors, and window panes.
According to the report, one of the major drivers for this market is Strict government regulations on powder-based coatings. Conventional adhesives and coatings, when treated with heat for curing process, release an enormous amount of hydrocarbons into the atmosphere. In order to reduce the emission of VOC, strict government rules and norms have been passed, which restricts the use of powder-based coatings. It directly drives the growth of the UV curing coatings market.
Further, the report states that one of the major factors hindering the growth of this market is Growth of the LED curing coating technology. The demand for light-emitting diode (LED) coatings is tremendously increasing due to the thermal management and curing speed. LED curing coatings act as an alternative to conventional UV curing coatings because they remove excess heat during the curing process and enable the prolonged active operation of the diode.
- Akzo Nobel
- Hitachi Chemical
- PPG Industries
- The Sherwin-Williams Company
Other prominent vendors
- Alberdingk Boley
- Jainco Industry Chemicals
- KEYLAND POLYMER MATERIAL SCIENCES
- Protech Powder Coatings
- Wanhua Chemical Group
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Introduction
Part 04: Market Overview
Part 05: Market Landscape
Part 06: Market Segmentation By Technology
Part 07: Segmentation By Chemical Type
Part 08: Segmentation By Application
Part 09: Geographical Segmentation
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/wvxz4w/global_uv_curing