LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global UV curing coatings market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The growth of the UV curing coatings market is mainly due to the improved performance of the product. The improvement in properties like better abrasion, adhesion, durability, elasticity, and chemical resistance, provides better operational speed and faster drying time for the product. Although the coated product is exposed to sunlight, the coatings and sealants are protected from fading, corrosion, and chemical attacks. In addition to the improved performance and the benefits of UV curing coatings in many applications, the growing awareness and acceptance of bio-based products and resins, and the stringent government norms to regulate the emission of volatile organic compounds (VOC), together, drive the growth of the UV curing coatings market.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The top three emerging trends driving the global UV curing coatings market according to Technavio chemicals and materials research analysts are:
- Growing demand from the wood and furniture industries
- Approval by the FDA for food packaging
- Improved performance of UV curing coatings in the electronic assembly
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
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.
“The properties exhibited by UV curing coatings such as excellent finishing, improved quality, faster drying time, increased operational efficiency, and reduced space requirement, will significantly contribute to the increased demand from the wood and furniture industries. The coatings act as a protective layer against chemical attacks, corrosion, and fading, which occurs on direct exposure to sunlight,” says Kurva Samba Sivudu, a lead analyst at Technavio for research on paints, coatings, and pigments.
Approval by the FDA for food packaging
The Consumer Product Safety Commission (CPSC) and the FDA check the quality of the packaging materials to ensure that they are free from toxic substances and do not have adverse effects on human health. The basic components of UV curing coatings are reactive diluents, photo-initiators, and base resins.
“The packaging substances are dried by UV radiation and do not use heating process, which protects the food products from hydrocarbons. Although the UV curing coatings are less hazardous and have less impact on human health, direct contact with the packaging material through ingestion or inhalation is less hazardous to human health,” adds Kurva.
Improved performance of UV curing coatings in the electronic assembly
The light UV curing coatings are highly compatible with electronic components such as PCBs, chip encapsulants, and wire bonders. The UV curing coatings perform better than the powder-based curing coatings. The powder-based coatings get readily heated up when they are applied on PCBs, which can damage the wiring inside the electronic assembly due to short circuits.
UV curing coatings provide excellent adhesion to enable the quick soldering of the wires in PCBs. Altogether, due to the improved performance of UV curing coatings and due to the improvement in the electronics industry, the demand for UV curing coatings in the electronics industry is expected to grow tremendously over the forecast period.
Browse Related Reports:
- Global Paints and Coatings Market 2017-2021
- Global Intumescent Coatings Market 2017-2021
- Global Ink Resins Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
