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UV Coatings Market - Global Industry
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REPORT DESCRIPTION
Global UV Coatings Market: Overview
UV coatings are type of coatings that are cured with ultraviolet radiation. It can be deployed on various substrates such as inks, paper,
glass, plastics and wood products. UV coatings market can be segmented based on composition as PU dispersions, monomers, photo
initiators and oligomers. Based on type of coatings, the market can be segmented as paper coatings, over print varnish, display coatings,
plastic coatings, conformal coatings and others. End-use industries of UV coatings are graphics, electronics, packaging and various other
industries that use industrial coatings.
Currently UV coatings market is dominated by wood coatings product type. This trend is expected to remain same in the next few years due
to increasing demand for wood coatings from its applications such as furniture, door skins, parquet, decorative panel and others. Wood
coatings offer excellent strength and durability, hence is demand is expected to remain high. Among the end-use industries type, industrial
coatings occupies the largest share in the total UV coatings market. The growth rate of industrial coatings is expected to be the fastest as
compared to other types.
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Global UV Coatings Market: Drivers and Restraints
Growing electronics industry globally is expected to drive the UV coatings market. Display coatings are the...