LONDON, Dec. 14, 2016 /PRNewswire/ -- The global UV cured coatings market is forecast to grow at a CAGR of 7.0% from 2016 to 2021. The major growth drivers for this market are stringent environmental regulations, growing awareness to reduce volatile organic compounds (VOC) emissions, and growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the market, includes the adoption of bio-based resins in the UV cured coatings market, development of high performance coatings, and adoption of powder UV cured coatings.
A total of 87 figures / charts and 48 tables are provided in this 151-page report to help in your business decisions. Sample figures with some insights are shown below.
The study includes a forecast for the global UV cured coatings market by application type, end use type, chemical type, and region as follows:
By application type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Wood Coatings Plastic Coatings Overprint Varnishes Conformal CoatingsOther Coatings
By end use type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Industrial Coatings Electronic CoatingsGraphic Arts
By chemical type, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
Epoxy Acrylates Polyester Acrylates Urethane AcrylatesOthers
By region, [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]:
North AmericaEuropeAsia PacificRest of World
AkzoNobel N.V., PPG Industries, Sherwin-Williams Company, Valspar Corporation, and Axalta Coatings Systems are among the major suppliers of UV cured coatings. There are some companies that are opting for mer ger & acquisition as strategic initiatives for driving growth.
On the basis of its comprehensive research, Lucintel forecasts that the demand for epoxy acrylates based UV cured coatings is expected to remain the largest segment due to its better chemical and mechanical properties. Within the UV cured coatings market, the wood coatings segment is expected to remain the largest segment by value and volume consumption. Increase in infrastructure spending, particularly for the residential and commercial sector across the globe is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to economic growth, increasing investment in infrastructure in China, India and Japan, and increasing production of electronics.
This report answers following 11 key questions:
Q.1. How big the opportunities for UV cured coatings market by application type, coatings technology type, end use type, chemical type and regions?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. How many M & A activities happened during last 1- 2 years and what are their impacts?
Some of the features of "Growth Opportunities for the Global UV Cured Coatings Market 2016-2021: Trend, Forecast, and Opportunity Analysis" include:
Market size estimates: Global UV cured coatings market size estimation in terms of volume (M lbs) and value ($ Mil) shipment.Trend and forecast analysis: Global UV cured coatings trend (2010-2015) and forecast (2016-2021) by region and by segment.Segmentation analysis: Global UV cured coatings market size by various chemical types such as epoxy acrylates, polyester acrylates, urethane acrylates, and others and by different application type such as conformal coatings, overprints, plastics, wood, and others both in terms of volume and value shipment.By end use type [Volume (Million Pounds) and $ Million shipment from 2010 to 2021]: Industrial Coatings , Electronic Coatings, Graphic ArtsRegional analysis: Global glass UV cured coatings market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global UV cured coatings suppliers.Emerging applications: Emerging applications of UV cured coatings in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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