PUBLISHER: Grand View Research | PRODUCT CODE: 1363470
PUBLISHER: Grand View Research | PRODUCT CODE: 1363470
The global radiation cured coatings market size is expected to reach USD 28.36 billion by 2030, as per a new report by Grand View Research, Inc.. The market is expected to advance at a CAGR of 4.3% from 2023 to 2030. The industry growth is majorly driven by the wide usage of UV-cured materials in the graphics and industrial wood industries, owing to their high efficiency and speed. Radiation-cured coatings are a type of surface finish applied as a liquid or paste and then cured (dried or solidified) using radiation, typically ultraviolet (UV) light or electron beams. These coatings are commonly used in various industries, including printing, packaging, automotive, and electronics.
Radiation-cured coatings find various applications in electronic products, offering enhanced performance, protection, and aesthetics. They are used to protect PCBs from environmental factors, such as moisture, chemicals, and abrasion, while also improving their electrical insulation properties. These coatings can be applied to mobile device components, such as touchscreens, to provide scratch resistance, UV protection, and improved durability.
The Asia Pacific region is predicted to expand at the highest CAGR over the forecast period. The region has been experiencing rapid economic growth, leading to increased industrialization and manufacturing activities. Stricter environmental regulations in the region have prompted industries to seek more environment-friendly coating options. Radiation-cured coatings emit fewer volatile organic compounds (VOCs) compared to traditional solvent-based coatings, making them a preferable choice to comply with regulations. This is expected to drive market growth over the forecast period.