Deerfield Beach, FL -- (SBWire) -- 04/10/2017 --Latest industry research report on Radiation curable coatings are polymer coatings, either cured by ultraviolet or electron beam radiation, used for a variety of materials such as wood, metal, glass, plastic, and paper. These formulations are widely used in adhesives, inks, and electronics that are cross-linked by high-intensity ultraviolet or electron beam energy sources. The market is driven by increasing adoption of solvent-free technologies to meet the environmental restrictions.
Factors triggering the growth of this market include low energy consumption, low volatile organic compound (VOC), consistent coating quality, rapid curing & drying, coupled with superior hardness and abrasion resistance properties of these coatings.
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However, expensive raw materials associated with the manufacturing of these coatings are expected to hamper the growth.
Moreover, implementation of bio-based materials in radiation cure products is also expected to provide new growth opportunities. Asia-Pacific is the largest as well as fastest growing market for radiation curable coatings owing to increasing consumer spending and rising population. Factors expected to boost the demand of these coatings include stringent environmental regulations, increasing adoption for low VOC, eco-friendly, and non-hazardous coatings from the end-user industry.
MARKET SEGMENTS:
By Raw Material
Oligomers
Monomers
Photoinitiators
Additives
By Type
Ultraviolet Curing
Electron Beam Curing
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By Application
Plastic
Wood
Metal
Paper
Glass
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Africa
Rest of LAMEA
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2017 Forecast - Radiation Curable Coatings Global Market, Industry Size, Share, Analysis and Opportunities to 2023
Global Market Research Report on Radiation Curable Coatings Market 2017 is a professional and in-depth complete study on the current state of the Radiation Curable Coatings worldwide.