Radiation Curable Coatings Market: Industry Analysis, Geographical Segmentation, Drivers, Challenges, Trends Forecasts Report 2019-2024

(The Express Wire via Comtex)

Radiation Curable Coatings Market report also offers a basic overview of the industry including definitions, Size, classifications, applications and industry chain structure. Most importantly a complete discussion of the several factors which are driving the development of the global Radiation Curable Coatings Market as well as those factors which are expected to hinder the growth of this Market is included.

Radiation Curable Coatings Market “research report highlights existing dynamics and growths during the forecast period 2019-2024. The report incorporates detailed analysis of the market development drivers as well as the preventing factors in the Radiation Curable Coatings market. The scope of the report covers an extensive estimation pertaining to the winning essentials and participant schemes through a presentation of the segmentation of market in the report.

Following Companies Are Covered by Radiation Curable Coatings Market

  • AkzoNobel NV
  • Axalta Coating Systems Ltd LLC
  • BASF SE
  • Chugoku Marine Paints Ltd
  • Dainichiseika Color and Chemicals Mfg Co. Ltd
  • PPG Industries Inc
  • Royal DSM
  • The Sherwin
  • Williams Company
  • Watson Coatings Inc
  • Yips Chemical Holdings Ltd

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Market Overview:

  • The Global Radiation Curable Coatings Market has an estimated CAGR of 6.22% over the forecast period.
  • - One of the most important drivers for Global Radiation Curable Coatings Market is its properties, like rapid curing, drying, superior hardness, and abrasion resistance due to which radiation cured technology has found applications in plastics, wood, and metal coatings.
  • - Apart from these properties, low VOC emissions, along with excellent mechanical and chemical resistance add value to the radiation cured coatings.
  • - On the flipside, high raw material cost is expected to hinder the market growth.greater than

Scope of the Report:

  • This report studies the global Radiation Curable Coatings market size, industry status and forecast, competition landscape and growth opportunity.

Why there is Need of Radiation Curable Coatings Market Research?

  • To determine trades anticipation, consumption trend, and need of market.
  • To keep up competitiveness over applicants performing in the Radiation Curable Coatings market.
  • To get detailed knowledge of the market which helps in terms of decision- making.
  • To advance insight into industrial, social, methodological, and legal aspects of the market.
  • To perceive the detailed market size derived by analyzing upward and downward moment of Radiation Curable Coatings market trends.
  • To get knowledge of worldwide marketplaces and their leveling trading environments, effectiveness, and inclinations.

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Key Market Trends:

Industrial Application to Dominate the Market

- Metal forms a chief component in most of the industrial applications. The different types of metals, which are extensively used in industrial applications, are untreated and phosphate-treated steel, aluminum, galvanized steel, brass, nickel, magnesium, and copper.
- Radiation-cured coatings provide corrosion protection, abrasion resistance, impart functional (anti-fingerprint) and desired appearance (gloss) properties, and enhance impact, chemical and scratch resistance to different metal substrates.
- The most common example is coil coating, which is used on metal substrates for the manufacture of housings for electronic devices, appliances, propane tanks, and metal packaging involving general line, aerosol, food and beverage, and speciality cans.
- Radiation curable coatings are also used as temporary and permanent protective coatings for metal tubes and pipes, fence posts, electrical conduit, sprinkler systems, mechanical tubing, and are also used as protective films for construction steel and aluminum. In addition, radiation curing coatings are also used as an abrasion and heat-resistant coatings for magnetic wires used in transformers, engines, and other electrical components.
- Radiation-cured coatings, using UV technology, not only help to overcome the aforementioned problems but also offer advantages such as the ability to coat on heat-sensitive substrates, improving performance i.e., scratch and stain resistance of the plastics. Such advantages are driving the growth of radiation-cured coatings on plastics.

Asia-Pacific Region Expected to dominate the Market

- The leading consumers of radiation curable coatings in Asia-Pacific include China, India, Japan, ASEAN countries etc.
- China has set standards for both interior architectural coatings (National Standard GB 18582-2008) and exterior wall coatings (GB 24408-2009). Recently China has introduced new regulation, known formally as “Finance Tax (2015) Notification on Imposing Consumption Tax on Battery and Coating Products”. The regulations impose on coatings manufacturers a 4% tax on the invoice price of any coating whose ready-to-spray VOC level exceeds 420 g/L.
- India currently does not have mandatory VOC regulations, but many companies are focusing on meeting Green Seal GS-11 standards. This standard establishes environmental, health, and performance requirements and includes products intended to be applied to wallboard, tile, metal, wood, composite wood, concrete, stone, masonry, and terrazzo substrates, as well as other architectural substrates.
- These growing regulations in Asia-Pacific are expected to support the growth of the radiation curable coatings in the region.

Reasons to Purchase this Report

  • How the developing pattern towards maintainability goes about as a driver to the worldwide Radiation Curable Coatings market situation?
  • Analyzing different points of view of the market with the assistance of Porter's five powers investigation
  • Which solutions and end-user vertical is predictable to overlook the Radiation Curable Coatings market?
  • Which regions are relied upon to observe the fastest development during the prediction period?
  • Identify the most recent advancements, market shares and strategies utilized by the significant market players.

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Detailed TOC of Radiation Curable Coatings Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Desirable Properties like Fast Curing, Hard, and Chemical resistant
4.1.2 Rise In Adoption of Solvent-free Technologies to Comply with the Environmental Regulations
4.2 Restraints
4.2.1 High Material Cost
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Industrial
5.1.2 OP Lacquers
5.1.3 Electronics
5.1.4 Printing Inks
5.1.5 Other Applications
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AkzoNobel NV
6.4.2 Axalta Coating Systems Ltd LLC
6.4.3 BASF SE
6.4.4 Chugoku Marine Paints Ltd
6.4.5 Dainichiseika Color and Chemicals Mfg Co. Ltd
6.4.6 PPG Industries Inc
6.4.7 Royal DSM
6.4.8 The Sherwin-Williams Company
6.4.9 Watson Coatings Inc
6.4.10 Yips Chemical Holdings Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing 3D Printing Applications
7.2 Growing Usage in Printed Electronics

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