Title: Ultraviolet (UV) Coatings Market - Forecast(2022 - 2027)
1Ultraviolet (UV) Coatings Market - Forecast(2022
- 2027)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- Ultraviolet (UV) coatings market size is forecast
to reach US7.8 billion by 2026, after growing at
a CAGR of 8.7 during 2021-2026. The main factors
driving the growth of this industry are the
flourishing construction industry as well as the
awareness of eco-friendly products. - Another important reason is its superior
performance when compared to other coatings. In
the preparation of Ultraviolet (UV) cured coating
a formulation of several ingredients is hardened
by means of ultraviolet radiation, which forms
free radicals which in turn starts the light
induced polymerisation process of the reactive
double bonds in the coating formulation.
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Key Takeaways
- Asia-Pacific dominates the UV coatings market,
owing to the flourishing construction industry in
the region. Japan invested approximately 15
billion for the Tokyo Olympics which will be held
in 2021. - UV coatings are eco-friendly and do not release
Volatile Organic Compounds (VOC). This makes them
preferred choice of coatings from an
environmental standpoint.
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- By Distribution Channel- Segment Analysis
- The construction segment held the largest share
in the UV coatings market in 2020 and is growing
at a CAGR of 7.9 during 2021-2026. Concrete,
used in construction, is a porous material that
can degrade over time when exposed to weather,
foot traffic and other normal wear and tear. UV
coatings seal concrete and ensure its lasting
structural integrity and aesthetic appeal. It
offers protection to concrete without the long
drying times of conventional coating methods.
Coating is particularly useful for high-usage
concrete applications such as floors. Coated
floors need periodic re-applications to maintain
quality.
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- Ultraviolet (UV) Coatings Market
- Industry Outlook
- BASF SE
- Akzonobel N.V.
- DIC Corporation
- PPG Industries Inc.
- Dymax Corporation
- Royal DSM N.V.
- Centexbel
- Actega Coatings Sealants
- Eternal Chemical Co. Ltd.
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- 2027) Learn More About the Report _at_
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let-coatings-market.html
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