The revenue generated by the global RCP market was USD 4,938.5 million in 2012. This market is expected to reach USD 7,930.1 million by 2019 and is anticipated to grow at a CAGR of 7.0% from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 03/17/2016 -- The extensive application of radiation cured products across various industries has boosted the radiation cured products market. The report presents a detailed study of the market and forecasts the market growth and valuation during the period between 2013 and 2019. The report points out the key drivers and restraints affecting the growth of the market and mentions the various opportunities for the market to grow during the forecast horizon. Analysis of market attractiveness as well as the impact of Porter's five forces on the market has been discussed in the report.
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The report categorizes the global radiation cured products market on the basis of the products. The report studies each of the product segments and assesses the demand for the products in the near future. The report further studies the overall market across key geographical regions and analyzes the demand for radiation cured products in each region. Vendor landscape of the market has been discussed and some of the key players have been profiled in the report.
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Overview of Global Radiation Cured Products Market
Radiation cured formulations are cross-linked by high-intensity UV light or electron beam energy sources. Radiation cured products are better than thermal cured products, as they consume less energy, are rapidly cured and dried, and display excellent hardness and abrasion resistance. Radiation cured coatings, inks, and adhesives adhere well to a surface and last long. The report points out that stringent environmental regulations have led to the growth of the global radiation cured products market, which uses solvent-free formulations in radiation cured products. Production benefits and cost advantages of radiation cured technology have further propelled the market. The report mentions that the growing wood coatings market is expected to boost the growth of the overall radiation cured products market.
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However, the report cites escalating raw material prices as a possible hindrance to the growth of the global radiation cured products market. Monomers and oligomers derived from crude oil are the major raw materials used in the radiation curing process. The volatile prices of crude oil will negatively impact the manufacture of radiation cured products. The overall market has a huge opportunity to grow with the increasing use of biobased materials for radiation cured products.
The report segments the global radiation cured products market on the basis of products such as inks, adhesives, and coatings. Radiation cured coatings had the highest demand in 2012. The report further studies the radiation cured products market across key regions such as Asia Pacific, North America, Europe, and Rest of The World. The report projects Asia Pacific to be the leading regional player during the forecast horizon.
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Companies mentioned in the research report:
The report compiles detailed information about some of the key players in the global radiation cured products market, such as BASF SE, Ashland Inc., Cytec Industries Inc., Dymax Corporation, Flint Group, Lord Corporation, and Toyo Ink SC Holdings Co. Ltd. The report mentions the financial overview, business strategy, business overview, and product portfolio of the key players. Through SWOT analysis, the report projects the growth of the major market players during the forecast horizon.
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