Ultraviolet coating or UV coating is the technology used to impart glossy impression on the surface of an object material imposing a layer of UV coat as it gets cured on a special machine with the use of ultraviolet light. Since the coating hardens when exposed to UV light, it forms a glossy surface on the material. Today, UV coating is used in many fabricated products manufactured worldwide — from glossy paper works to the heavyweight electronic manufacturing sector. Although UV coating are expected to witness steady demand from various end-use industries, its negative impact on environmental degradation is leading to demand for more sustainable alternatives.
UV Coating’s Major Market Charmers
The UV coating market growth is likely to be facilitated with more demands from graphical arts and industrial appliance such as polymer plastic, conformal, plywood industry, paper coatings and display materials. The global market segmentation of UV coating comprises of electronics, multifunctional acrylic esters, polyester acrylates, and others.
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Innovation in manufacturing advanced UV coatings, especially, non-volatile organic versions is expected to open up new application areas, while strengthening the existing ones.
Low operational costs and high resistance performance and quality gloss finish, are some of the key features driving growth of the UV coatings market. The combination of low pricing and growing fascination towards greener UV coating is expected to boost growth opportunities in 2016 and beyond.
Campaigns reflecting greener fabrication products has bolstered the enforcement of more environmental friendly UV coating solutions. The situation has given rise to market innovation and diversified UV coating units for its application.
Regional Segmentation for UV Coating Market
Globally, Asia Pacific occupies the pole position in UV coating market, with the electronic manufacturing sector accounting for bulk of the demand for these ci. It is estimated to experience towering UV coating market shares during the forecast period, China, Japan and South Korea are the major players in Asia pacific main reason being the hub for accommodating shedload electronic manufacturing facilities.
Asia Pacific is followed by European market as its major UV coating market is based on industrial appliance of plastic coatings, paper and wooden fabrication. North American market has also marked its presence in the global UV coating appliance with major demands from Polymer, Acrylic Esters and Paint Varnish manufacturing and expected to see an exponential growth in the upcoming years.
To mention few of the noted UV coating market participants will be:
- Akzo Nobel N.V
- PPG Industries Inc.
- Royal DSM N.V.
- BASF SE.
- The Sherwin-Williams Company.
- Eternal Chemical Co. Ltd.
- DIC Corporation.
In terms of global expansion UV coating is predicted to show a steady behaviour in its progression in the forecast period of 2015 to 2025. Asia Pacific is expected to control the market more or less, territorially China will keep its dominance, however India’s rising industrial aspiration may lure the UV market to an admirable extent in the regional market.
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So after looking at the estimates and prediction in this article we come to a conclusion with some take aways, they are:
- Movement in UV coating market is a direct reflection in the growth of its compliance industry as it is consider to be secondary product
- Variation in the product utility and its compliance from region to region
- Upcoming innovations in developing greener UV coating technology
- Low operation coast of manufacturing
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