세계의 방사선 경화형 코팅 시장 : 수요 및 예측 분석(2018-2034년)

Radiation curable coatings are increasingly being adopted across a range of industries due to their rapid curing time, reduced environmental impact, and excellent performance characteristics. These coatings, which harden when exposed to ultraviolet (UV) or electron beam (EB) radiation, offer a solvent-free alternative to traditional systems, making them a preferred choice in sustainability-conscious markets.

Applications Overview

Radiation curable coatings are used extensively in the wood industry for furniture, flooring, and cabinetry, where durability and finish quality are essential. In the paper and pulp segment, these coatings enhance print quality and resistance to moisture. The electrical and electronics sector relies on radiation-curable materials for their insulating and protective properties, especially in circuit boards and connectors. In plastics, these coatings improve surface hardness and appearance. Optical applications benefit from their clarity and resistance to yellowing, while inks and dyes industries use them to improve print durability and drying time. The technology also finds niche applications in various other sectors, including automotive interiors and medical devices.

Regional Demand for Radiation Curable Coatings

The regional demand for radiation curable coatings varies significantly across global markets. Asia-Pacific holds the largest and fastest-growing share, driven by expanding electronics, packaging, and construction industries in countries like China, India, and South Korea. North America follows with strong demand from wood finishing, automotive, and electronics sectors, supported by strict environmental standards promoting low-VOC technologies. Europe also maintains a substantial market share due to sustainability regulations and innovation in high-performance coatings, especially in Germany and France. Latin America and the Middle East & Africa show gradual growth, supported by foreign investments and a shift toward eco-friendly coating alternatives in manufacturing. The global market is increasingly leaning toward Asia-Pacific as the production and consumption hub for radiation curable coatings.

Key Manufacturers

Several global companies are actively involved in producing radiation curable coatings, including AkzoNobel, Sherwin Williams, PPG Industries, and Nippon Paint Holdings, all of which have integrated these solutions into their wider coating portfolios. Other significant players include Axalta, Chugoku Marine Paints, BASF, DSM, Cytec Industries, and DIC Corporation, who are investing in R&D to develop advanced formulations for broader industrial uses.

Market Driver: Rising demand for VOC free paints

A major factor driving the growth of radiation curable coatings is the global push toward low-VOC and VOC-free solutions due to rising environmental concerns and stricter regulatory frameworks. In regions like North America and Western Europe, legislation aimed at reducing air pollution is compelling industries to adopt more sustainable alternatives.

Radiation-curable coatings offer a significant advantage in this context, as they emit little to no volatile organic compounds. These coatings cure rapidly under UV or electron beam exposure, which not only enhances production efficiency but also minimizes energy use and waste. Their growing application in electronics, packaging, and automotive sectors where precision, durability, and environmental compliance are critical is further fueling market expansion. The increasing consumer awareness around sustainability and the preference for eco-labeled products is putting pressure on manufacturers to reformulate traditional coatings, accelerating the shift to radiation-curable technologies globally.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Wood Industry
• Paper & Pulp
• Electrical & Electronics
• Plastics
• Optics
• Inks & Dyes
• Others

5. Introduction to Radiation Curable Coatings and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Radiation Curable Coatings Demand Analysis, By Applications (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Radiation Curable Coatings Market, By Applications
• Wood Industry
• Paper & Pulp
• Electrical & Electronics
• Plastics
• Optics
• Inks & Dyes
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Radiation Curable Coatings Market, By Applications

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by applications have been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Radiation Curable Coatings Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• AkzoNobel
• Sherwin Williams
• PPG Industries
• Nippon Paint Holdings
• Axalta
• Chugoku Marine Paints
• BASF
• DSM
• Cytec Industries
• DIC Corporation
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries