UV Coatings Market 2017-2027

UV coating is a treatment of surface that is done to protect the surface from harmful radiation. The UV coating is basically done on the printed paper surface. It is a shiny and glossy liquid applied to the surface. UV coating makes printed materials eye-catching and is ideal for the product such as postcards, hand-out sheets, presentation folders, business cards, and catalogs, or any product that require a glossy and dramatic look. It offers good abrasion resistance, high clarity, and is environmentally friendly. This is highly effective for image-rich projects such as photography brochure. 

The global UV coatings market was valued at US$ 3,794.5 Mn in terms of revenue and 415.5 Kilo Tons in terms of volume in 2018.

The booming printing industry is a major factor projected to propel the market growth over the forecast period. According to Printing & Allied Machinery Industry (PAMEX), the Indian printing industry is growing at a CAGR of 12% since past 15 years, driven by growth in packaging and labels. Hence growing printing industry is expected to fuel the market growth of the UV coatings over the forecast timeframe.

Growing consumption of UV coatings in the wood and furniture industry due to its low VOC emission, offer fast curing and smooth surface finish, and enhanced durability. Also, growing wood and furniture industry is another major factor projected to fuel the market growth. According to the FIRA, the £17.5 billion consumer expenditure on furniture and furnishings in 2017 represented a 21% increase from 2014. Year on year growth from 2014 to 2016 was 6.9% and 4.8% respectively. However, growth from 2016 to 2017 was higher at 7.9%.

Asia Pacific region dominated the Global UV Coatings market in 2018, accounting for 35.85% share in terms of value, followed by Europe and North America, respectively

Figure 1. Global UV Coatings Value Market Share (%), By Region, 2018

UV Coatings  | Coherent Market Insights

The high initial cost of equipment and complex process of UV coatings is expected to hamper the market growth of the UV coatings. Moreover, difficulty in applying other coatings on the paper after UV coatings such as usage of inks for writing and purpose is also expected to hinder the market growth of UV coatings. Also, stamping of rubber is difficult after UV coatings, which is further expected to restrict the market growth of UV coatings.

Restriction on the usage of UV coatings paper in the food packaging industry due to the presence of hazardous substances in the UV coatings which can have a bad impact on the health of the human is expected to hinder the market growth. Moreover, high R &D cost for the development of the product is another major factor projected to hinder the market growth of UV coatings over the forecast period.

Booming electronics industry around the globe is expected to offer enormous growth opportunity to the market of UV coatings. UV based coatings are widely used in electronic and optical industry such as the advent of UV based LEDs and optical storage devices that has different end-use application. For instance, in March 2019, CEL has announced a new family of Deep UltraViolet (UV-C) LEDs for a wide range of sterilization and disinfection applications such as consumer goods such as self-disinfecting holders for toothbrushes and kitchen utensils as well as sterilizing wands for items such as smartphones, tablets, and keyboards.

Increasing application of UV coatings technology in the photovoltaic film is projected to fuel the market growth of UV coatings. Moreover, the growth of the renewable energy and telecommunications sector is also expected to offer significant growth opportunities for the UV coatings market over the forecast timeframe. Hence, the rising application of UV coatings across the various application is expected to propel the market growth.

Figure 2. Global UV Coatings – Market Opportunity Analysis

UV Coatings  | Coherent Market Insights

Global water based UV coatings market was valued at US$ 2,277.3 Mn in 2018 and is forecast to reach a value of US$ 4,393.9 Mn by 2027 at a CAGR of 7.3% between 2019 and 2027

Figure 3. Global UV Coatings Value Market Share (%), By Base Type, 2018

UV Coatings  | Coherent Market Insights

The rising number of partnerships among major players is expected to fuel market growth over the forecast period. For instance, in September 2018, Allnex, an industrial coating resins producer, signed a strategic cooperation agreement focusing on waterborne UV coatings with Guangdong Bardese Chemical Group, to jointly promote the centralized development of green coatings in China. Hence, rising collaboration is expected to foster market growth.

Growing merger and acquisition among key players is another major trend that has been observed in the market. For instance, in November 2019, ICP has signed a purchase agreement to acquire Heidelberg’s Hi-Tech Coatings. The transaction will add new production facilities in the UK, the Netherlands and an additional facility in the US to ICP Group’s portfolio. The facilities produce more than 1,000 water-based and UV-based coatings. The deal includes the transfer of 60 employees to ICP’s ISG unit.

In the U.S., regulations of food packaging in context to the use of UV cured coatings as components of food packaging have been banned by the U.S. Food and Drug Administration (FDA). However, their use is permitted by the FDA under certain conditions and with compliance with certain regulations.

Players active in the market are BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation

Few Recent Developments

BASF 

  • In December 2016, BASF is broadening its portfolio of UV resins to include five new standard epoxy acrylates from the Laromer EA product family. The binders are used for UV-curable coatings for the furniture and flooring industry as well as for overprint varnishes and printing inks.

Arkema

  • In March 2018, Arkema announced the expansion of the geographic distribution territory of Palmer Holland for the Orgasol and Rilsan D products for coating additive applications.

UV Coatings is eco-friendly compound that is mainly used to inhibit harmful UV rays coming from the Sun. The UV rays degrades the color quality of paper and plastics and hence, UV coating on paper, wood and plastics material provides the required protection and gloss to the surface. UV coatings are mainly available as water-based coatings and solvent based coatings. UV coatings are manufactured using various compositions such as Monomers, Oligomers (Polyesters, Polyethers, etc.), additives and photo-initiator. In terms of UV coatings end-use, UV coatings is majorly used in Paper & Packaging and Wood Furnishing industry. Other end uses of UV coatings include, Electronics, Automotive, Building & Construction, etc.

Market Dynamics

Asian UV Coatings production is dominated by Water based UV coatings mainly used in the printing industry. For instance, Indian printing industry is growing at a CAGR of 12% since past 15 years according to Printing & Allied Machinery Industry (PAMEX). Growing demand for packaged printing, digital printing and commercial printing is estimated to drive the demand for UV Coatings market in Asia.

Growing demand for eco-friendly coatings and rising demand from the automotive industry for eco-friendly solutions is projected to increase the demand for UV Coatings globally. However, restrictions on some UV coatings for food packaging application is hampering the growth of UV coatings market globally.

Key features of the study:

  • This report provides in-depth analysis of UV Coatings market ,market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the Global UV Coatings market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global UV Coatings market report caters to various stakeholders in this industry including investors, suppliers, UV Coatings manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global UV Coatings market

Detailed Segmentation:

  • Global UV Coatings Market, By Base Type:
    • Water-based
    • Solvent-based
  • Global UV Coatings Market, By Composition:
    • Monomers
    • Oligomers
      • Polyester
      • Polyether
      • Polyurethane
    • Epoxy resins
    • Photo-initiator
    • Additives
  • Global UV Coatings Market, By End-use Industry:
    • Wood & Furniture
    • Electronics
    • Automotive
    • Paper & Packaging
    • Industrial Coatings
    • Buildings & Construction
  • Global UV Coatings Market, By Region:
    • North America
      • U.S.
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Canada
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Latin America
      • Brazil
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Argentina
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Mexico
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Rest of Latin America
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Western Europe
      • Germany
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • U.K
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • France
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Italy
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Spain
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Nordic
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Benelux
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Rest of Western Europe
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Eastern Europe
      • Russia
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Poland
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Rest of Eastern Europe
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Japan
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Asia Pacific (excl. Japan)
      • China
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • India
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • ASEAN
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Oceania
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Rest of APEJ
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
    • Middle East & Africa
      • GCC
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • South Africa
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
      • Rest of MEA
        • By Base Type
          • Water-based
          • Solvent-based
        • By Composition
          • Monomers
          • Oligomers
            • Polyester
            • Polyether
            • Polyurethane
          • Epoxy resins
          • Photo-initiator
          • Additives
        • By End Use
          • Wood & Furniture
          • Electronics
          • Automotive
          • Paper & Packaging
          • Industrial Coatings
          • Buildings & Construction
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Akzo Nobel N.V
    • Arkema Group
    • PPG Industries
    • Axalta Coating System LLC,
    • The Valspar Corporation
    • The Sherwin-Williams Company
    • Croda International Plc.
    • Watson Coatings Inc.
    • Allenx Belgium SA
    • Sokan New Materials
    • Dymax Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Base Type
      • Market Snippet, By Composition
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global UV Coatings Market, By Base Type, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Water Based
        • Solvent Based
  5. Global UV Coatings Market, By Composition, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Tray
        • Monomers
        • Oligomers
          • Polyester
          • Polyether
          • Polyurethane
          • Epoxy resins
        • Photo-initiator
        • Additives
  6. Global UV Coatings Market, By End-use Industry, 2017 - 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Wood & Furniture
        • Electronics
        • Automotive
        • Paper & Packaging
        • Industrial Coatings
        • Buildings & Construction
  7. Global UV Coatings Market, By Region, 2017- 2027 (US$ Million & Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Western Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Western Europe
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Eastern Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Russia
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Eastern Europe
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Asia Pacific (Excl. Japan)
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
        • Rest of Middle East & Africa
          • Country Trends
          • Market Size and Forecast, By Base Type, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By Composition, 2017- 2027 (US$ Million & Kilo Tons)
          • Market Size and Forecast, By End-use Industry, 2017- 2027 (US$ Million & Kilo Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Akzo Nobel N.V
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Arkema Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PPG Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Axalta Coating System LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Valspar Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Sherwin-Williams Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Croda International Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Watson Coatings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Allnex Belgium SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sokan New Materials
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dymax Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact
    • * Browse 48 market data tables* and 36 figures* on "UV Coatings Market” - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users