[140 Slides Report] UV curing refers to a particular way of energy/radiation curingin which coatings and various product formulations are cured instantly by UV light sourcerather than using traditional methods which are usually energy intensive and generate harmful emissions. UV coatings are a subset of radiation curable coatings. UV curable coatings market is witnessing high growth on account of increasing demand of its various types and increased focus to use environment friendly or emission free products, having competitive performance as compared to conventional products.

The UV curable coatings market has grown considerably during the past few years and is expected to grow at a considerable pace in the next five years, mainly driven by the �going green� trend and the growing demand in the Asia-Pacific. A significant amount of investments are made by various market players in order to be prepared to serve the high potential ones in futureThe Asia-Pacific is the biggest consumer of UV coatings, which consumed a significant share of the total consumption in 2013, followed by Europe and North America. The European and North American markets are comparatively mature with a demand growth well below the average market growth. The Asia-Pacificis further expected to show quite a high growth in future, mainly due to high growth potential of the Chinese market and budding electronics production.

This study basically aims to estimate the market of UV coatings for 2014 and to project the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the UV coatings market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market.

MnM helped a Japanese chemical to identify new revenue pockets through the penetration of UV multifunctional acrylate (PETA, PETTA, TMPTA, EPTMPTA, POTMPTA, DPHA, DTMPTA) market in the US. Client�s Problem Statement Our client, a top chemical manufacturer in Japan, was keen to increase its market penetration in the US for UV multifunctional acrylate (PETA, PETTA, TMPTA, EPTMPTA, POTMPTA, DPHA, DTMPTA). The senior management needed to take a host of crucial decisions � which product to focus on, which technologies to focus on, and which application to focus on. They also wanted to know the current market strategies of their competitors. MnM Approach MnM assisted the client with an outside-in perspective on the market potential of UV multifunctional acrylate for 3D printing, digital printing, packaging, barrier films, and printed circuits. Further, we helped them identify the highest potential technology for the respective end-use segments in the US. MnM also helped them better understand the competitive landscape, business models, production capacity, revenue generated, price, and strategies of different players to win in these markets. This helped them devise a differentiated product offering.

Interviews with a host of potential customers in end-use industries were conducted to understand their unmet needs, pull for target products, and what they looked for in a product supplier. This helped our client refine their value proposition to quickly gain a market share. Revenue Impact (RI) Our findings helped the client to penetrate a USD 600 million market, with projected revenue of USD 30 million in 5 years. The client was able to establish and grow their UV business in the US. Consult our Analyst now

Scope of the report:

This research report categorizes the market for UV coatings on the basis of composition, type, end-user industry,and geography along with forecast of volumes, valuesand analyzing trends in each of the submarkets.

On the basis of composition: The UV coating market is segmented on the basis of its composition that includes monomers, oligomers, photoinitiators, PU Dispersions, and others.Each composition is further described in detail in the report with volume forecasts for each.

On the basis of type: The UV coating market is segmented on the basis of types, such as wood coatings, plastic coatings, conformal coatings, display coatings, paper coatings, and over print varnish. Each type is further described in detail in the report with volume and value forecasts for each type.

On the basis of end-user industry: The UV coating market is segmented on the basis of its end-user industries such as industrial coatings, electronics industry, and graphic arts. Each end-user industry is further described in detail in the report with volume and revenue forecasts for each end-user industry.

On the basis of geography:A country level segmentation is done for UV coatingsfor regionsthat include Asia-Pacific, North America, Europe, & ROW; and further for key countries in each region that include the U.S., Canada, Mexico, China, Japan, Taiwan, South Korea, India, Germany, Sweden, U.K. , Italy, Belgium, Switzerland, and Brazil.

This market is expected to reach $7,590.4 Million by 2019 from $4,594.6 million in 2014, at a CAGR of 10.6%. 2013 market value � $4,225.4 Million

The UV coatings market, along with its various types, has witnessed a significant growth in the recent years and this growth is estimated to persist in the coming years. This high growth in demand for UV curable coatings is majorly due to its high performance and excellent environmental & safety profile.

Currently, the Asia-Pacific is the largest consumer of UV coatings, which consumed nearly 50.0% of the total demand in 2013. Among all the countries, China dominates the UV coatings market, which consumed the maximum volume of UV coatings in 2013. The market volume of UV coatings and its types is comparatively low in the ROW region, but is expected show the highest CAGR from 2014 to 2019, followed by the Asia-Pacific.

The overall UV coatings demand is driven by the wood coating, plastic coatingand over print varnish segmentswhich collectively consumedalmost three fourth of the total global demand in 2013. Wood coating segment is expected to be the strongest growth segment of UV coating which is primarily driven by the budding demand of high quality coatings, and green nature of these coatings. As an end user industry, industrial coatings segmentis the biggest as well as the fastest-growing segment of UV coatings, which is primarily due to high penetration in all the regions. Subsequently, electronics, and graphic arts industries were the second & the third largest end-user industries of UV coatings.

The key manufacturers of UV coatings include � Akzo Nobel N.V. (The Netherlands), Royal DSM N.V. (The Netherlands), PPG Industries Inc. (U.S.), BASF SE (Germany), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), Axalta Coatings Systems (U.S.), Dymax Corporation (U.S.), Eternal Chemical Co. Ltd. (Taiwan), and DIC Corporation (Japan).

Top Countries in UV Coatings Market

Source: Secondary Research, Expert Interviews, and MarketsandMarkets Analysis

This report covers the UV coatings market by various regions and major countries in each region. It also provides a detailed segmentation of the UV coatings market on the basis of major types and end-user industries, along with its projection till 2019.