Global market for radiation-cured products to reach $8.8 billion by 2025

SAN FRANCISCO, March 25, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Radiation Cured Products: Global Market Analysis and Trajectory”. The report presents new perspectives on opportunities and challenges in a significantly transformed post-COVID-19 market.

Global market for radiation-cured products to reach $8.8 billion by 2025

Global market for radiation-cured products to reach $8.8 billion by 2025

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Edition: 18; Published: february 2022
Executive Pool: 4873
Companies: 104 – Players covered include 3M Company; Allnex; Ashland Global Holdings Inc.; Baldwin Technology Company Inc.; BASF SE; Covestro (formerly Bayer MaterialScience); Craig Adhesives and Coatings; Dexerials Corp.; DIC Corporation; DYMAX Corporation; Evonik Industries AG; Flint group; FUJIFILM Sericol UK Ltd.; momentary; Nordson Corporation; PPG Industries Inc.; Red Spot Paint & Varnish Company Inc.; Royal DSM NV; sartomere; Sun Chemical Corp. et al.
Coverage: All major geographies and key segments
Segments: Product Segment (Coatings, Inks, Adhesives); Application (Wood, Paper, Glass, Metal, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest of Europe); Pacific Asia (Australia; India; South Korea; and rest of Pacific Asia); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of middle East); and Africa.

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RESUME-

Scope of the global market for radiation-cured products $8.8 billion by 2025
Radiation-cured products, which are intersected by high-intensity electron beams or ultraviolet light energy sources, are used in electronics, adhesives, inks, and coatings. Radiation cured products remove glycol ether, ethylene glycol, toluene and other similar HAP emissions. Industries involved in wood building products, metal cans, plastic components, papers, and other similar products tend to reduce emissions with radiation curing technologies to meet MACT standards. Amid the COVID-19 crisis, the global market for Radiation Cured Products is projected to reach US$8.8 billion by 2025, registering a compound annual growth rate (CAGR) of 6.3% during the analysis period. Europe represents the largest regional market for radiation-cured products, with an estimated share of 28.4% of the world total. The market is projected to reach US$2.3 billion at the end of the analysis period. China it is expected to lead the growth and emerge as the fastest growing regional market with a CAGR of 9.0% during the analysis period.

Some important and ongoing trends in the radiation-cured market include the increasing replacement of solvent-based systems with water-based UV coating systems; the growing demand for portable curing systems, as they allow for easy job-site application of coatings, for example, for refinishing concrete and wood floors; increasing the use of UV LED curing to cure formulations, as it is considered to be more environmentally friendly and more energy efficient compared to traditional mercury lamps; the growing importance of stereolithography, which is a process in which three-dimensional pieces are manufactured using photosensitive resins; and the increased use of flexible food packaging products. Pacific Asia The market continues to witness a growing demand for radcure products from important end-use industries, such as food packaging, wood coatings, electronics and automotive, among others, from the main countries of the region. China and India. Increased manufacturing activities, particularly due to ready and low-cost raw material, easy access to cheap labor and proximity to end customers, is providing a significant boost to demand for coatings in the region. On North AmericaHowever, a moderate rate of growth is anticipated due to saturation of existing end-use industries/applications. Demand in the region will be driven by the development of new applications, such as water-based UV coatings, field-applied floor coatings, and inkjet, among others.

The Radiation Cured Coatings market is anticipated to emerge as the dominant segment during the analysis period. Radiation-cured coatings contain polymeric coatings that are treated with UV or EB (electron beam) radiation. Radiation-cured coatings are used in the manufacture of paper, wood, electronics, plastics, overprint varnishes, inks and optics, where they offer the benefits of reduced energy consumption, waste generation and environmental impact as well as downtime. fast cures and a smaller footprint. Rising disposable incomes resulting in higher consumer spending on interior decoration would spur growth in the wood industry’s radiation-cured coatings in the coming years. The market for UV-cured printing inks is experiencing rapid growth due to increased demand for packaged materials. UV cured printing inks improve the printing process by minimizing drying time while achieving superior bonding. Plus

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About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-driven market research company in the world. Proudly serving more than 42,000 clients from 36 countries, GIA has been recognized for its accurate market and industry forecasts for more than 33 years.

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Zak Ali
Director of Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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