UV coatings are widely used in the graphic arts industry for digital printing applications. UV coatings provide protection to the printed substrates from various elements like abrasion, wear and tear as well as weathering. They protect graphics, images and text from scratching, moisture, fading from UV light exposure and fingerprints.
The global UV Coatings Market is estimated to be valued at US$5131.35 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the UV coatings market is growing demand from digital printing. There has been rising adoption of digital printing in applications such as packaging, publication and commercial printing. Digital printing enables on-demand, short run production which has increased its popularity. UV coatings improve surface finish and protection of digitally printed products. They deliver high gloss and scratch resistance properties essential for digital prints. Developments in LED UV curing technology has further propelled the use of UV coatings in digital printing by enabling instant curing and reducing energy consumption.
Segment Analysis:
The global UV coatings market is segmented by resin type, technology, and end use industry. Based on resin type, the acrylic resin segment dominated the market and accounted for over 30% of global revenue in 2023 due to its superior properties like enhanced durability, flexibility and gloss retention.
Key Takeaways:
The Global UV Coatings Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing demand from wood & furniture industries.
Regional analysis
North America held the highest share of the global UV coatings market in 2023 and is expected to maintain its leading position during the forecast period. This is attributed to high demand from wood, plastic and industrial machinery industries in the US and Canada. Asia Pacific is expected to be the fastest growing region, owing to rapid industrialization and growing manufacturing sector in major economies like China and India.
Key players
Key players operating in the UV coatings value market are BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation. Key players are focusing on new product launches and expansion strategies to gain competitive advantage.
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The Global UV Coatings Market report presents a comprehensive analysis of the UV Coatings market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast timeline of 2020-2027.
The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data.
The report also sheds light on the technological breakthroughs and product advancements happening in the UV Coatings market.
According to the report, the UV Coatings industry is likely to witness significant growth over the projected timeline.The report also covers the impact of the COVID-19 pandemic on the UV Coatings market and major segments.
The pandemic has affected every industry vertical either positively or negatively.
The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/3285The report presents a panoramic view of the competitive landscape of the UV Coatings market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry.
The Global UV Coatings Market research report offers accurate insights for the growth prospects of the UV Coatings market in the forecast years 2020-2027.
The report is an all-inclusive study of the UV Coatings market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the UV Coatings industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3285Scope of the Market Report:The report offers a holistic overview of the UV Coatings industry that offers all the essential information.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
UV Curable Coatings market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global UV Curable Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the UV Curable Coatings market is segmented into:Waterborne UV-Curable CoatingsOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59406/global-united-states-uv-curable-coatings-2026-718Segment by Application, the UV Curable Coatings market is segmented into:Optical FiberSpecialty resins and chemicalsElectronic materialsOtherRegional and Country-level Analysis:The UV Curable Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the UV Curable Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and UV Curable Coatings Market Share Analysis:UV Curable Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
