Title: Ultraviolet Coatings Market Size Forecast to Reach $7.8 Billion by 2026
1Ultraviolet (UV) Coatings Market - Forecast(2022
- 2027)
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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.
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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
monomers segment held the largest share of more
than 40 in the UV coatings market in 2020.
Monomers are low molecular weight substances
which reduce the viscosity of the formulation.
They are also non-flammable materials with low
odor. Monomers are esters of acrylic acid and
simple monofunctional/multifunctional polyols.
The functionality of the monomer has a very
significant effect on properties of the cured
coating. Monomers are usually selected based on
acrylic functional groups attached to
them. Mixtures of monomers typically are used to
optimize the performance of a formulation.
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- Ultraviolet (UV) Coatings Market Industry
Outlook - Dow Chemical Company
- 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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Ultraviolet (UV) Coatings Market - Forecast(2022
- 2027) Learn More About the Report _at_
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et-coatings-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
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