Global UV Coatings Market report from Global Insight Services is the single authoritative source of intelligence on UV Coatings Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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UV coatings are a type of finishing treatment that is applied to the surface of a material in order to protect it from ultraviolet (UV) radiation. UV coatings can be applied to both organic and inorganic materials, and they are often used on plastics, metals, and glass. UV coatings typically have a clear or translucent appearance, and they can be applied as a liquid or a powder. UV coatings can be used for a variety of purposes, including to protect against fading, yellowing, and other types of damage that can be caused by exposure to UV rays.
Key Trends
The key trends in UV coatings technology are the development of more durable and more environmentally friendly products. This has led to the development of UV-curable coatings, which are more durable and easier to apply than traditional coatings. UV-curable coatings are also more environmentally friendly because they do not require the use of volatile organic compounds (VOCs) during application.
Key Drivers
The key drivers of UV coatings market are its easy and quick drying properties, high gloss, and low VOCs. Additionally, UV coatings offer excellent durability and resistance to chipping, fading, and yellowing. They are also environment-friendly as they do not contain solvents.
Restraints & Challenges
The key restraints and challenges in UV Coatings market are as follows:
-High initial investment required for setting up UV coating facility
-Stringent regulations regarding VOC emissions from UV coatings
-Lack of trained personnel for operating UV coating equipment
-Flammability of UV coatings
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The high initial investment required for setting up a UV coating facility is a major challenge for small and medium-sized enterprises. Stringent regulations regarding volatile organic compound (VOC) emissions from UV coatings are another challenge for the market. The lack of trained personnel for operating UV coating equipment is also a challenge for the market. The flammability of UV coatings is another challenge for the market.
Market Segments
The UV coatings market report is bifurcated on the basis of composition, type, end-use, and region. On the basis of composition, it is segmented into oligomers, monomers, photoinitiators, and others. Based on type, it is analyzed across wood coatings, plastic coatings, over print varnish, and others. By end-use, it is categorized into industrial coatings, electronics, and graphic arts. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The UV coatings market report includes players such as Arkema Group, BASF SE, Akzo NobelNV, PPG Industries, Axalta Coating Systems LLC, The Valspar Corporation, The Sherwin Williams Company, Croda International PLC, Dymax Corporation, and Allnex Belgium SA/NV Ltd.
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