Energy Curable Coatings Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2017 – 2025

Energy

In the recent times, the global market
for energy curable coatings has observed a noticeable rise and is
anticipated to experience an upswing in its valuation in the years to
come. The significant rise in the paints and coatings industry is likely
 to propel this market substantially over the next few years.

 

This market study is a thorough analytical research of the performance of the worldwide market for energy curable coatings
 in past and over the period from 2017 to 2025. The report emphasizes
especially on the growth boosters, opportunities, challenges, obstacles,
 and the prominent trends in this market in a bid to determine the pace
of its progress.

 

Global Energy Curable Coatings Market: Key Trends and Opportunities

 

The two main types of energy curable
coatings are ultraviolet (UV) and electron beam (EB). Both UV and EB
curing technologies are advanced, eco-friendly, and efficient methods
for laminating adhesives, curing inks, and coatings than the traditional
 solvent- or water-based technologies. EB technology is a highly
powerful industrial coating and is most suited for low density
materials, such as high opacity ink layers, polyolefin films and papers,
 and laminating adhesive layers, whereas, UV technology works better for
 low optical density-based materials, such as metallic ink and printed
ink.

 

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Epoxy acrylates, urethane acrylates, and
polyester acrylates are the main chemical components, which make the
bases for energy curable coatings. The demand for epoxy acrylates-based
coatings is projected to rise substantially over the next few years,
owing to its superior mechanical and chemical properties.

 

Global Energy Curable Coatings Market: Regional Outlook

 

The global market for energy curable
coatings is spread across North America, Asia Pacific (APAC), Eastern
Europe, Western Europe, Latin America, and the Middle East and Africa
(MEA). Among these North America has surfaced as the leading market for
energy curable coatings in terms of both, production and consumption.
The markets in Asia Pacific and Europe follow the North American market
closely. The U.S. has emerged as the key contributor to the North
America market for energy curable coatings, thanks to the strict
environmental regulations and rising uptake of eco-friendly, low VOC,
and non-hazardous coatings in a number of industries in the economy.

 

The market in Asia Pacific is projected
to expand substantially in the near future due to the rising population,
 rapid growth in the economy, increasing investment in infrastructural
developments in India, China, and Japan, and the surging production of
electronic products in the region. On the other hand, the market for
energy curable coatings in the Middle East and Africa is likely to grow
at a moderate pace in the coming years, due to lesser product awareness
among consumers.