UV Coatings Market Overview
A UV coating (or, more broadly, radiation cured coating) is a surface treatment that either cures or protects the underlying material from the detrimental effects of ultraviolet radiation. The rising construction industry, as well as consumer awareness of eco-friendly products, are the primary drivers of this industry's growth. Another major factor is that it outperforms other coatings in terms of performance. A formulation of many ingredients is toughened by ultraviolet radiation, which creates free radicals, which then initiates the light-induced polymerization process of the reactive double bonds in the coating formulation, resulting in UV cured coating. The global report on UV Coatings Market provides the segment analysis based on the basis of composition, formulation, resin, substrate, end use industry and region. while doing the market study and analysis we have considered end use industries as Aerospace Defense, Automotive, Construction, Industrial, Electronics, Textile, Printing, Architecture, Food Beverage, Marine, Graphic Arts, Packaging, Consumer Goods and Others.
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UV Coatings Market Scope
The businesses must comply with stringent rules and regulations relating to air pollution, waste disposal, and safety and health which leads the UV coatings market growth. UV coatings technology has two key advantages that have led to its designation as "green." To begin with, most UV coating formulations are devoid of large amounts of volatile organic compounds (VOCs) or dangerous air pollutants (HAPs). Second, the energy required to dry a UV coating is significantly less than that required to dry a traditional solvent or even a water-based coating.
The report captures the latest developments and emerging technologies in the global UV Coatings market. It presents comprehensive information, including market shares, supply chain analysis, and key success factors, to understand the global UV Coatings market landscape.
Industry experts from leading organizations in the global UV Coatings market share their insights and opinions in the concluding section of the report. The report covers a specific timeframe, including historical years (2018-2023), base year (2023), estimated year (2024), and the forecast period (2024-2030).
UV Coatings Market Segment Analysis
In 2020, the monomers segment had the highest market share of the UV coatings market, accounting for more than 40%. Monomers are molecules with a low molecular weight that reduce the viscosity of a solution. They're also non-flammable and have a mild odor. Acrylic acid esters and simple monofunctional/multifunctional polyols are examples of monomers.
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Key Players in the UV Coatings Market
Sprout Social (US)
CISION (US)
BRAND24 (US)
Storender (Uk)
RivalIQ(US)
Quintly (Germany)
Socialbakers (Czech Republic)
Awario (Belarus)
Oktopost (Israel)
Simplify360 (India)
Frrole (US)
Mavsocial (US)
Heuritech (France)
Regional Analysis
Thanks to the region's construction industries, the Asia-Pacific region held a 42% share of the UV coatings market in 2023. The automotive industry is another element driving the growth of the UV coatings market in this region. Japan's, India's, China's, and Malaysia's economies are rapidly industrializing and urbanizing. The building construction industry in India is the backbone of the economy. Between April 2000 and December 2020, FDIs in the construction development industry and construction activities totaled US $25.93 billion and US $23.99 billion, respectively, according to the Indian Department for Promotion of Industry and Internal Trade (DPIIT).
Key Questions answered in the UV Coatings Market Report are:
- What is UV Coatings Market?
- What is the forecast period of the UV Coatings Market?
- What is the competitive scenario of the UV Coatings market?
- Which region held the largest market share in the UV Coatings Market?
- What are the opportunities for the UV Coatings Market?
- What are the restraining factors in the UV Coatings market?
- Who are the key players of the UV Coatings market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2030
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by UV Coatings#
- Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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