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Radiation Curable Coating

Radiation Curable Coating Market report categorizes global market by material type, curing technique, and end-use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Radiation Curable Coating Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
Radiation curable coatings consist of polymer coatings, treated either by
ultraviolet or by electron beam radiation and are used for a variety of materials
such as wood, glass, plastic, metal and paper. Radiation curable formulations
are used in coatings, inks, adhesives, and electronics. The radiation-cured
coating process includes smearing a low-viscosity mixture consisting of reactive
materials and additives onto a substrate. This mixture is then exposed to
ultraviolet radiation energy or an electron beam for small periods of time. Once
exposed to the radiation, the mixture gets converted instantly into a cross-linked
high-quality coating. The energy required for radiation curing is gained from
particular short-wave radiation sources.
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Radiation Curable Coating Market Outlook – Increasing Safety Concerns
and Hazard Prevention Expected to Fuel the Demand
Asia Pacific market is projected to witness relatively high growth in terms of
value over the forecast period. High growth in the regional market is attributed
to increasing population coupled with growth in the consumer goods and
coatings market in emerging economies such as India and China. According to
IBEF, the revenue generated by consumer goods in India was US$ 11.1 billion
in 2015-2016. This trend is expected to be followed in future. India Brand
Equity Foundation (IBEF) is a Trust founded by the Ministry of Commerce and
Industry, Department of Commerce in collaboration with the Government of
India with the aim of promoting and creating international awareness of goods
manufactured in India.
High price of raw materials for radiation curable coating is expected to be one
of the restraining factors for the growth of radiation curable coating market over
the forecast period. Innovation in products and expansions in different
geographies are some of the key strategies adopted by the top players in the
radiation curable coating industry. Research is in process for the use of radiation
curable coating in Stereolithography. In this process three-dimensional parts are
created from photosensitive resins. In addition to this, UV-LED curing which
will offer distinct advantages such as long life time, cooler operating conditions
and less of a gradual drop off in energy is being developed. Some of the major
companies operating in the global radiation curable coating market are Royal
DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE, and Sartomar.
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