Portland, OR -- (SBWIRE) -- 08/25/2017 -- Radiation-cured coating employs a mixture of monomers and oligomers, polymerized using either electron beam (EB) or ultraviolet (UV) light. The UV/EB process is often called radiation curing because UV and EB are the radiant energy sources. Radiation-cured coatings are utilized in different substrates including wood, paper, ceramics, metal, glass, and plastics.

Low pollution coating, extremely hard and chemically resistant finishes, and rise in demand for wood coatings drive the growth of the radiation-cured coatings market. However, high material cost and large initial investment cost hamper the demand for radiation-cured coatings.

The global radiation-cured coating market is segmented based on, application, formulation, and geography. Based on application, the market is divided into paper and film, printing inks, plastics, electronic products, wood, adhesives, metal coatings, and others. On the basis of formulation, it is bifurcated into ultraviolet curing, and electron beam curing. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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In 2016, Asia-Pacific occupied the highest market share, followed by North America, owing to the major growth in wood coatings and plastics. Asia-Pacific is expected to dominate the global market by 2023, and is witnessing substantial growth in emerging countries such as, China, Japan, and South Korea.

Key players in the radiation cured coating industry that are profiled in the report include:
- 3M Company
- Ashland, Inc.
- BASF SE
- Bayer MaterialScience AG
- Sun Chemical Corp.
- Evonik Industries AG
- PPG Industries, Inc.
- Red Spot Paint & Varnish Company, Inc.
- Royal DSM N.V.
- Toyo Ink Group

Radiation Cured Coatings Market Key Segments:

By Application
- Paper and Film
- Printing Inks
- Plastics
- Electronic Products
- Wood
- Adhesives
- Metal Coatings
- Others

By Formulation
- Ultraviolet Curing
- Electron Beam Curing

By Geography
- North America
o U.S.
o Canada
o Mexico

- Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific

- LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

*Other players in the value chain include:
- Allnex
- Craig Adhesives and Coatings
- Dexerials Corp.
- DIC Corp.
- DYMAX Corp.
- Flint Group
- FUJIFILM Sericol UK Ltd.
- LORD Corporation
- Momentive

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