The Global Radiation Cured Products Market was valued US$ X.23 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
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Global Radiation Cured Products Market Definition:
Global coating market was valued XX Bn and expected to show constant increase as development in glass, ceramics, paper, metal, plastics and wood industries are on another level in terms of growth. Europe region is documented as largest shareholder for radiation cured products market; approximately 40-45% of market share in the year 2019 was registered by Europe market. Globally, present manufacturing companies in the market are expected to enlarge utilization of global radiation cured products over the forecast period in order to maximize its overall revenues. Present cost of UV spot coating machines is roughly 1.65 lakh/piece. The Global Radiation Cured Products market was valued US$ X.23 Bn and is expected to reach XX Bn by 2027, at a CAGR of XX % during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Radiation Cured Products Market Growth Elements:
Furniture, medical, construction, automotive industries, attracting various end-users to invest in radcure technology. The growth of the global radiation cured products market is driven by the factors like development in interior are demanding for coating radiation products like adhesive, which will boost the market growth. Furthermore, strict regulation form the government for solvent free formulation will increase the demand for adhesive coating. Technological advancement and method of application will anticipate the market growth. Highly adopted UV curable adhesive and coating methods by healthcare sector for various purpose like teeth filling, moreover increase in healthcare department and supply chain is considered as another factor to contribute in the global radiation product market.Furthermore, instability in the cost of materials and lack of skilled person to operate is hampering the growth of global radiation cured products market.
Global Radiation Cured Products Market Recent Industrial Activity:
Advent International Acquires Coating Resins Business of Cytec Industries, The Carlyle Group Acquires DuPont Performance Coatings, Momentive Specialty Chemicals Establishes Curing Agent Manufacturing Facility, Royal Adhesives & Sealants to Take Over Extreme Adhesives, Royal Adhesives and Sealants to Acquire Clifton Adhesives, Ecology Develops Ultraviolet-Curable Coating for Healthcare Sector will contribute for the major growth in global cured products market in coming years.
Recent developments of optically stimulated luminescence materials and techniques for radiation dosimetry and clinical applications:
Developments in the field of optically stimulated luminescence have increased at a very fast rate in the last few years. As evident from the increasing rate of publications, significant progress has been made not only in understanding the phenomenon but also in more effectively developing new techniques and materials upgrading the instrumentation and engineering aspects will run the market growth for long.
Global Radiation Cured Products Market Segment analysis:
By Type segment, radiation cured coatings sector is expected to show constant growth during projected year. Coatings is the largest outlet for radiation-cured products, documented about three-quarters of the worldwide volume in 2019 and over one-half of the dollars. Wood flooring and furniture is the leading coating outlet in dollars and volume, Europe consuming about 40% of the volume. In terms of coating type spray coating are extensively accepted by electronics, automobile inventors and manufacturers that allows to coat the parts to their end products; it allows easily assembling, and use of high performance specifications over a wide range of firmness.
Global Radiation Cured Products Market Regional Analysis:
Globally, North America is expected to dominate the Radiation Cured Products Market and is expected to grow at CAGR of XX % during the forecast period. Developed regions like U.S, and Canada are considered major contributors for the Radiation Cured Products market growth in the North America region. In 2019 market size was valued US$ XX Bn in while in U.S, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years.
The objective of the report is to present a comprehensive analysis of the Global Radiation Cured Products Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.The report also helps in understanding Global Radiation Cured Products Market dynamics, structure by analysing the market segments and project the Global Radiation Cured Products Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Radiation Cured Products Market make the report investor’s guide.
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Global Radiation Cured Products market, By Application
Global Radiation Cured Products market, By Type
• Radiation Cured Adhesives
• Radiation Cured Coatings
• Electron Beam Curing
• Radiation Cured Inks
• Ultraviolet Curing
Global Radiation Cured Products market, By Raw Material
Global Radiation Cured Products Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Radiation Cured Products Market
• Red Spot Paint & Varnish Company Inc.
• Bayer MaterialScience AG
• Craig Adhesives and Coatings
• Sun Chemical Corporation
• FUJIFILM Sericol UK Ltd.
• LORD Corporation
• DYMAX Corporation
• Cytec Industries Inc.
• Toyo Ink Group.
• PPG Industries Inc.
• DIC Corporation
• 3M Company
• Ashland Inc.
• BASF SE
• Dexerials Corp.
• Flint Group
• Royal DSM N.V.
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