UV Coatings Market
UV Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016–2026 May 2017 Report Id : REP-GB-1509 Published On : Apr - 2017 Category : Chemicals and Materials ©2015 Future Market Insights, All Rights Reserved About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. 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T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com ©2015 Future Market Insights, All Rights Reserved 2 Research Methodology (1/2) Systematic Research Approach 1 Market profiling 2 Formulating discussion guide 3 Developing list of respondents 4 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Data collection PMR conducts interviews with industry experts, industry players, distributors and retailers Data validation Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 6 Data analysis Insights 7 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Research & Intelligence Data Filter & Analysis Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Actionable Insights A Primary Research B SOLUTION Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments Primary Research # Linkedin Zoominfo Salesforce Avention Business Solution Desk Research C Key industry experts Channel study Developments Market dynamics Products Conclusions Company Analysis Secondary Research # Company websites Company annual reports White papers Financial reports Paid Publications# Factiva GBI Genios Meltwater # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3 UV Coatings Market Higher Adoption of Eco-Friendly Production will Boost the Global Demand for UV Coatings After being plagued for years with “imperfect” production techniques, manufacturers of UV coatings are rapidly adopting technological advancements to put in action an eco-friendly method of producing UV coatings. Future Market Insights notifies how several government and non-government organisations in the world have listed ways in which UV coatings can be produced without harming the environment. Manufacturing such eco-friendly UV-curable coatings has, thus, propelled the growth of global market for UV coatings. At present, Future Market Insights values the global UV coatings market at US$ 3,429.5 Mn. According to its latest report, the global market for UV coatings is expected to surge steadily at 6.1% CAGR and bring in an estimated US$ 6,187.2 Mn revenues by the end of 2026. While favourable environmental regulations will keep inducing growth in global UV coatings production, the demand for such products will also witness a considerable hike on the account of booming global automotive industry. Considering the significance of refinish coatings in the production as well as aftermarket servicing of automobiles, consumption of UV-curable coatings will also remain significant by OEMs and aftermarket suppliers. In the report, titled “UV Coatings Market: Global Industry Analysis and Opportunity Assessment, 20162026,” the global market for UV coatings will witness higher growth in terms of consumption of waterbased coatings. In 2016, more than 225 KT on water-based UV coatings were globally consumed, attributing to nearly 60% of global market value. ©2015 Future Market Insights, All Rights Reserved 4 UV Coatings Market Ultimately, the demand for solvent-based UV coatings is also expected to drop over the forecast period, alluding to challenges in procurement of complex solvents and volatile raw material prices. Furthermore, the demand for water-based coatings is also driven by greater end-use of UV coatings in wood & furniture polishing. By the end of 2026, over 140 KT of UV coatings will be consumed globally by wood & furniture end-use. Nevertheless, consumer electronics will be the largest end-user industry for UV coatings – procuring revenue growth at an impressive 8.2% CAGR. Based on the composition of these coatings, the market’s growth will be majorly inclined towards soaring demand for photo-initiators. In terms of revenues, global sales of photo-initiator UV coatings will account for more than 40% share through 2026. Although, revenues from oligomer UV coatings will be rising rampantly at 6.7% CAGR. The report further reveals that demand for UV coatings will remain substantially higher in the Asia-Pacific excluding Japan (APEJ) region. A little less than half of global UV coatings revenues will be emanating from this region, registering a robust value CAGR of 9.2%. Middle East and Africa’s UV coatings market will also soar rapidly, while North America and Europe will witness a sluggish growth in their UV coatings sales. According to the report, Akzo Nobel NV, PPG Industries, and The Sherwin-Williams Company are observed as leading manufacturers in the world. European companies such as BASF SE, Arkema, Croda International Plc., and Allnex Belgium, are also prominent players in the global UV coatings market. Other companies profiled in the report include, China’s Sokan New Materials, and US-based chemical manufacturers such as Dymax Corporation, Watson Coatings, Inc., The Valspar Corporation, and Axalta Coating Systems LLC. ©2015 Future Market Insights, All Rights Reserved 5 Table of Content 1. Executive Summary 2. Assumptions and Acronyms 3. Research Methodology 4. UV Coatings Market Overview 4.1. Introduction 4.1.1. UV Coatings Market Definition 4.1.2. UV Coatings Market Taxonomy 4.1.3. Global Paints and Coatings Market Overview 4.2. UV Coatings Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunity 4.2.4. Supply Chain 4.3. End Use Industry Overview 4.4. UV Coatings VS EB Coatings ©2015 Future Market Insights, All Rights Reserved 6 Table of Content 5. Global UV Coatings Market Forecast 5.1. Market Value and Volume Forecast 5.1.1. Y-o-Y Growth Projections 5.1.2. Absolute $ Opportunity 5.2. UV Coatings Market Trends 5.3. Regional Average Pricing Analysis (2015) 5.4. Global UV Coatings Market Snapshot (2015) 5.4.1. Market Share, By Region 5.4.2. Market Share, By Base Type 5.4.3. Market Share, By Composition 5.4.4. Market Share, By End-use Industry 6. Global UV Coatings Market Analysis, By Base Type 6.1. Segment Definition 6.2. Introduction 6.2.1. Y-o-Y Growth Comparison, By Base Type 6.2.2. Market Share & Basis Point (BPS) Analysis, By Base Type ©2015 Future Market Insights, All Rights Reserved 7 Table of Content 6.3. Market Forecast, By Base Type 6.3.1. Water based 6.3.1.1. Absolute $ Opportunity 6.3.1.2. Market Value and Volume Forecast 6.3.2. Solvent based 6.3.2.1. Absolute $ Opportunity 6.3.2.2. Market Value and Volume Forecast 6.4. Market Attractiveness Analysis, By Base Type 7. Global UV Coatings Market Analysis, By End-use Industry 7.1. Segment Definition 7.2. Introduction 7.2.1. Y-o-Y Growth Comparison, By End-use Industry 7.2.2. Market Share & Basis Point (BPS) Analysis, By End-use Industry 7.3. Market Forecast, By End-use Industry 7.3.1. Wood & Furniture 7.3.1.1. Absolute $ Opportunity 7.3.1.2. Market Value and Volume Forecast ©2015 Future Market Insights, All Rights Reserved 8 Table of Content 7.3.2. Electronics 7.3.2.1. Absolute $ Opportunity 7.3.2.2. Market Value and Volume Forecast 7.3.3. Automotive 7.3.3.1. Absolute $ Opportunity 7.3.3.2. Market Value and Volume Forecast 7.3.4. Paper & Packaging 7.3.4.1. Absolute $ Opportunity 7.3.4.2. Market Value and Volume Forecast 7.3.5. Industrial Coatings 7.3.5.1. Absolute $ Opportunity 7.3.5.2. Market Value and Volume Forecast 7.3.5. Buildings & Construction 7.3.5.1. Absolute $ Opportunity 7.3.5.2. Market Value and Volume Forecast 7.4. Market Attractiveness Analysis, By End-use Industry 8. Global UV Coatings Market Analysis, By Composition 8.1. Segment Definition ©2015 Future Market Insights, All Rights Reserved 9 Table of Content 8.2. Introduction 8.2.1. Y-o-Y Growth Comparison, By Composition 8.2.2. Market Share & Basis Point (BPS) Analysis, By Composition 8.3. Market Forecast, By Composition 8.3.1. Monomers 8.3.1.1. Absolute $ Opportunity 8.3.1.2. Market Value and Volume Forecast 8.3.2. Oligomers 8.3.2.1. Absolute $ Opportunity 8.3.2.2. Market Value and Volume Forecast 8.3.2.3. Polyester 8.3.2.4. Polyether 8.3.2.5. Polyurethane 8.3.2.6. Epoxy resins Click here to Order a free sample ©2015 Future Market Insights, All Rights Reserved 10 To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Thank You Future Market Insights Global & Consulting Private Limited (FMI) ©2015 Future Market Insights, All Rights Reserved 11
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