UV Coatings Market: Global Industry Analysis and
Opportunity Assessment, 2016–2026
May 2017
Report Id : REP-GB-1509
Published On : Apr - 2017
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
3
Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
A
Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
©2015 Future Market Insights, All Rights Reserved
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UV Coatings Market
Higher Adoption of Eco-Friendly Production will Boost the Global Demand for UV Coatings
After being plagued for years with “imperfect” production techniques, manufacturers of UV coatings are
rapidly adopting technological advancements to put in action an eco-friendly method of producing UV
coatings. Future Market Insights notifies how several government and non-government organisations in
the world have listed ways in which UV coatings can be produced without harming the environment.
Manufacturing such eco-friendly UV-curable coatings has, thus, propelled the growth of global market for
UV coatings.
At present, Future Market Insights values the global UV coatings market at US$ 3,429.5 Mn. According to
its latest report, the global market for UV coatings is expected to surge steadily at 6.1% CAGR and bring in
an estimated US$ 6,187.2 Mn revenues by the end of 2026. While favourable environmental regulations
will keep inducing growth in global UV coatings production, the demand for such products will also
witness a considerable hike on the account of booming global automotive industry. Considering the
significance of refinish coatings in the production as well as aftermarket servicing of automobiles,
consumption of UV-curable coatings will also remain significant by OEMs and aftermarket suppliers.
In the report, titled “UV Coatings Market: Global Industry Analysis and Opportunity Assessment, 20162026,” the global market for UV coatings will witness higher growth in terms of consumption of waterbased coatings. In 2016, more than 225 KT on water-based UV coatings were globally consumed,
attributing to nearly 60% of global market value.
©2015 Future Market Insights, All Rights Reserved
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UV Coatings Market
Ultimately, the demand for solvent-based UV coatings is also expected to drop over the forecast period,
alluding to challenges in procurement of complex solvents and volatile raw material prices.
Furthermore, the demand for water-based coatings is also driven by greater end-use of UV coatings in
wood & furniture polishing. By the end of 2026, over 140 KT of UV coatings will be consumed globally by
wood & furniture end-use. Nevertheless, consumer electronics will be the largest end-user industry for
UV coatings – procuring revenue growth at an impressive 8.2% CAGR. Based on the composition of these
coatings, the market’s growth will be majorly inclined towards soaring demand for photo-initiators. In
terms of revenues, global sales of photo-initiator UV coatings will account for more than 40% share
through 2026. Although, revenues from oligomer UV coatings will be rising rampantly at 6.7% CAGR.
The report further reveals that demand for UV coatings will remain substantially higher in the Asia-Pacific
excluding Japan (APEJ) region. A little less than half of global UV coatings revenues will be emanating
from this region, registering a robust value CAGR of 9.2%. Middle East and Africa’s UV coatings market
will also soar rapidly, while North America and Europe will witness a sluggish growth in their UV coatings
sales.
According to the report, Akzo Nobel NV, PPG Industries, and The Sherwin-Williams Company are
observed as leading manufacturers in the world. European companies such as BASF SE, Arkema, Croda
International Plc., and Allnex Belgium, are also prominent players in the global UV coatings market. Other
companies profiled in the report include, China’s Sokan New Materials, and US-based chemical
manufacturers such as Dymax Corporation, Watson Coatings, Inc., The Valspar Corporation, and Axalta
Coating Systems LLC.
©2015 Future Market Insights, All Rights Reserved
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Table of Content
1. Executive Summary
2. Assumptions and Acronyms
3. Research Methodology
4. UV Coatings Market Overview
4.1. Introduction
4.1.1. UV Coatings Market Definition
4.1.2. UV Coatings Market Taxonomy
4.1.3. Global Paints and Coatings Market Overview
4.2. UV Coatings Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.2.4. Supply Chain
4.3. End Use Industry Overview
4.4. UV Coatings VS EB Coatings
©2015 Future Market Insights, All Rights Reserved
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Table of Content
5. Global UV Coatings Market Forecast
5.1. Market Value and Volume Forecast
5.1.1. Y-o-Y Growth Projections
5.1.2. Absolute $ Opportunity
5.2. UV Coatings Market Trends
5.3. Regional Average Pricing Analysis (2015)
5.4. Global UV Coatings Market Snapshot (2015)
5.4.1. Market Share, By Region
5.4.2. Market Share, By Base Type
5.4.3. Market Share, By Composition
5.4.4. Market Share, By End-use Industry
6. Global UV Coatings Market Analysis, By Base Type
6.1. Segment Definition
6.2. Introduction
6.2.1. Y-o-Y Growth Comparison, By Base Type
6.2.2. Market Share & Basis Point (BPS) Analysis, By Base Type
©2015 Future Market Insights, All Rights Reserved
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Table of Content
6.3. Market Forecast, By Base Type
6.3.1. Water based
6.3.1.1. Absolute $ Opportunity
6.3.1.2. Market Value and Volume Forecast
6.3.2. Solvent based
6.3.2.1. Absolute $ Opportunity
6.3.2.2. Market Value and Volume Forecast
6.4. Market Attractiveness Analysis, By Base Type
7. Global UV Coatings Market Analysis, By End-use Industry
7.1. Segment Definition
7.2. Introduction
7.2.1. Y-o-Y Growth Comparison, By End-use Industry
7.2.2. Market Share & Basis Point (BPS) Analysis, By End-use Industry
7.3. Market Forecast, By End-use Industry
7.3.1. Wood & Furniture
7.3.1.1. Absolute $ Opportunity
7.3.1.2. Market Value and Volume Forecast
©2015 Future Market Insights, All Rights Reserved
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Table of Content
7.3.2. Electronics
7.3.2.1. Absolute $ Opportunity
7.3.2.2. Market Value and Volume Forecast
7.3.3. Automotive
7.3.3.1. Absolute $ Opportunity
7.3.3.2. Market Value and Volume Forecast
7.3.4. Paper & Packaging
7.3.4.1. Absolute $ Opportunity
7.3.4.2. Market Value and Volume Forecast
7.3.5. Industrial Coatings
7.3.5.1. Absolute $ Opportunity
7.3.5.2. Market Value and Volume Forecast
7.3.5. Buildings & Construction
7.3.5.1. Absolute $ Opportunity
7.3.5.2. Market Value and Volume Forecast
7.4. Market Attractiveness Analysis, By End-use Industry
8. Global UV Coatings Market Analysis, By Composition
8.1. Segment Definition
©2015 Future Market Insights, All Rights Reserved
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Table of Content
8.2. Introduction
8.2.1. Y-o-Y Growth Comparison, By Composition
8.2.2. Market Share & Basis Point (BPS) Analysis, By Composition
8.3. Market Forecast, By Composition
8.3.1. Monomers
8.3.1.1. Absolute $ Opportunity
8.3.1.2. Market Value and Volume Forecast
8.3.2. Oligomers
8.3.2.1. Absolute $ Opportunity
8.3.2.2. Market Value and Volume Forecast
8.3.2.3. Polyester
8.3.2.4. Polyether
8.3.2.5. Polyurethane
8.3.2.6. Epoxy resins
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