The latest report by IMARC Group, titled "Radiation Curable Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global radiation curable coatings market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

Radiation-curable coatings are a coating material that undergoes a rapid curing process when exposed to specific forms of radiation, such as ultraviolet (UV) or electron beam (EB) radiation. The curing process is exceptionally fast and controllable, making it highly efficient for industrial applications. When radiation is applied, the coating instantly hardens, forming a durable and protective layer on surfaces like paper, metal, plastics, and wood. Radiation-curable coatings offer several advantages, including reduced drying time, improved scratch and abrasion resistance, and the elimination of harmful volatile organic compounds (VOCs) found in traditional solvent-based coatings. They are widely used in the printing, automotive, electronics, and packaging industries. At present, radiation-curable coatings are gaining immense traction across the globe due to their efficiency and environmental benefits in various manufacturing processes.

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Radiation Curable Coatings Market Trends and Drivers:

The global radiation curable coatings market is primarily driven by increasing environmental awareness and regulations favoring low volatile organic compound (VOC) coatings. Moreover, rapid industrialization and infrastructure development has augmented the need for high-performance coatings in the construction, automotive, and electronics sectors. Additionally, rising demand for radiation-curable coatings, which offer advantages such as quick curing times, improved durability, and enhanced scratch resistance, is propelling market growth. Furthermore, the escalating demand for sustainable and eco-friendly products has accelerated the adoption of radiation-curable coatings in industries such as packaging and printing, thereby contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Ingredient:

  • Oligomers
  • Monomers
  • Photoinitiators
  • Additives

Breakup by Type:

  • Ultraviolet Curing
  • Electron Beam Curing

Breakup by Application:

  • Paper and Film
  • Printing Inks
  • Plastics
  • Wood
  • Glass
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 3M Company
  • Akzo Nobel N.V.
  • Allnex (PTT Global Chemical Public Company Limited)
  • Ashland Global Specialty Chemicals Inc.
  • Axalta Coating Systems Ltd.
  • DIC Corporation
  • Dymax Corporation
  • Evonik Industries AG
  • Momentive Performance Materials Inc.
  • PPG Industries Inc.
  • The Sherwin-Williams Company.

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