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(Construction.IndustryNews247.Com, September 30, 2016 ) The report, “UV Coatings Market by Composition (Monomers, Oligomers, Photoinitiators & Others), Type (Wood, Plastic, Paper, Conformal, Display, OPV), End-User (Industrial Coatings, Electronics, Graphic Arts) & Geography - Trends and Forecasts to 2019” defines and segments the UV coatings market with analysis and forecasting of the consumption volume and value. 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.
Browse 85 market tables and 62 figures spread through 140 slides and in-depth TOC on "UV Coatings Market by Composition (Monomers, Oligomers, Photoinitiators & Others), Type (Wood, Plastic, Paper, Conformal, Display, OPV), End-User (Industrial Coatings, Electronics, Graphic Arts) & Geography - Trends and Forecasts to 2019" <||>rnhttp://www.marketsandmarkets.com/Market-Reports/uv-coatings-market-92686798.html
Download PDF Brochure : http://bit.ly/1ppUU09
The Asia-Pacific is the most promising market for coatings and is anticipated to be the same in the near future. The Asia-Pacific is the largest UV coatings market, which consumed almost half of the total demand in 2013. The demand for UV coatings in the region is estimated to grow at a CAGR of about 9.9% from 2014 to 2019. It is projected that China and Japan were the biggest consumers of UV coatings in the region, followed by South Korea in 2013.
UV coatings are majorly consumed by wood coatings, which were at the forefront in terms of volumetric consumption in 2013, mainly driven by the superior quality, low VOC, and rapidly increasing applications of these coatings in the wood & furniture industry. The demand of UV wood coatings is subjugated by China, followed by Germany, and the U.S. Due to the green nature of UV coatings and an extremely less curing time, it is seen as an incredibly attractive alternative by various end-user industries.
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.
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