Summary

The European market has witnessed a remarkable surge in the UV curd coating industry, igniting a revolution in surface enhancement and protection. The captivating realm of UV curd coating, exploring its diverse applications, technological advancements, and the thriving market landscape in Europe From automotive and electronics to furniture and packaging, the European market has embraced UV curd coating as a transformative force, elevating aesthetics, durability, and performance to unprecedented levels. UV curd coating, also known as ultraviolet curable coating, is a revolutionary process that involves the application of a specially formulated liquid coating onto surfaces, which then undergoes rapid curing when exposed to ultraviolet light. This unique curing mechanism eliminates the need for extended drying times, allowing for swift production cycles and exceptional finishes. The transformative power of UV curd coatings is evident as they effortlessly breathe life into mundane surfaces, unveiling vibrant colours, textures, and captivating effects. Europe's UV curd coating industry thrives on continuous innovation and technological advancements. Manufacturers are constantly pushing the boundaries to develop coatings that offer enhanced performance, sustainability, and customization options. UV curd coatings with antimicrobial properties have gained prominence, especially in healthcare and hospitality applications, ensuring surfaces remain hygienic and safe. Additionally, the industry has witnessed the emergence of UV curd coatings with self-healing capabilities, effectively repairing minor scratches and blemishes and further extending the lifespan of coated surfaces. Europe's UV curd coating market is experiencing robust growth, fueled by rising demand for superior finishes, an increased focus on sustainability, and stringent regulations on volatile organic compound (VOC) emissions. The region's commitment to eco-friendly practises has led to the development of UV curd coatings with low VOC content, making them an environmentally responsible choice. Furthermore, collaborations between manufacturers, research institutions, and end-user industries have propelled innovation, resulting in the expansion of product portfolios and the exploration of new applications.

According to the research report, "Europe UV Curd Coating Market Outlook, 2028," published by Bonafide Research, the Europe UV Curd Coating market is anticipated to add USD 967.98 Million in size from 2023 to 2028. Environmental awareness and sustainability are highly valued in the European market. Since UV curd coatings often contain fewer volatile organic compounds (VOCs) than solvent-based paints, they are in line with these aims. VOCs can be harmful to human health and contribute to air pollution. Industries may comply with stringent regulatory standards while encouraging environmentally friendly practises by adopting UV curd coatings with low VOC content. The European market has witnessed a growing demand for visually appealing surfaces across various industries, including automotive, electronics, furniture, and packaging. UV curd coatings offer vibrant colours, high-gloss finishes, and captivating effects that elevate the aesthetic appeal of coated products. As consumers seek products with superior aesthetics, manufacturers are turning to UV curd coatings to meet these demands and differentiate their offerings in the market. UV curd coatings not only enhance the appearance of surfaces but also provide exceptional performance and durability. They offer properties such as scratch resistance, chemical protection, and UV stability, ensuring that coated surfaces maintain their pristine condition over time. Industries such as automotive and electronics require coatings that can withstand harsh conditions and provide long-lasting protection, making UV curd coatings a preferred choice. Based on the composition types, there are oligomers, monomers, photoinitiators, PU dispersions, and others. In Europe, the monomer composition is used more. Monomers in UV curd coatings have a high reactivity to ultraviolet light, allowing for rapid and efficient curing. When exposed to UV light, the monomers undergo a polymerization process, transforming from a liquid to a solid state within seconds. This fast curing process helps to increase production efficiency, reduce cycle times, and improve overall productivity, which is highly valued in industries with high-volume production demands. Monomers provide excellent flexibility and versatility in UV curd coatings, allowing for customization of coating properties. By selecting specific monomers or combinations of monomers, manufacturers can tailor the coating's characteristics, such as hardness, adhesion, flexibility, and chemical resistance, to suit the specific requirements of different applications and industries. This versatility enables the creation of coatings with optimised performance for various substrates and environmental conditions.

In Europe, several associations and organisations play a significant role in the UV curd coating market, promoting industry standards, knowledge sharing, and collaboration among stakeholders. Some prominent associations and organisations in the European UV curd coating market include RadTech Europe is a leading European association dedicated to the advancement and promotion of UV and EB (electron beam) curing technologies. They represent the interests of the UV and EB curing industries, providing a platform for networking, knowledge exchange, and advocacy. RadTech Europe organises conferences, seminars, and workshops to disseminate information, foster innovation, and address industry challenges. The European Coatings Association represents the interests of the coatings industry, including UV curd coatings, in Europe. ECCA serves as a platform for collaboration, knowledge transfer, and advocacy on issues related to regulations, sustainability, and technological advancements. They provide support to members through events, publications, and industry research. The British Coatings Federation is the representative body for the UK coatings industry, including UV curd coatings. While primarily focused on the UK market, they also engage in European-level activities, collaborating with other associations and participating in discussions on regulations, standards, and market trends. BCF provides support to its members through training, technical advice, and industry representation.

Based on the types, the segment includes wood coatings, plastic coatings, overprint varnish, display coatings, and conformal coatings. Wood coating is used more, and it has the highest market share in the European market. UV curd coatings cure almost instantly when exposed to ultraviolet light. This rapid curing process eliminates the need for extended drying times, reducing production cycles and enabling faster turnaround times. In the wood industry, where time efficiency is crucial, UV curd coatings provide a significant advantage by allowing manufacturers to achieve high productivity levels and meet demanding deadlines. Furthermore, UV curd coatings offer exceptional aesthetic appeal for wood surfaces. They provide a high-gloss, clear finish that enhances the natural beauty of the wood grain, creating a visually appealing result. UV curd coatings also offer excellent colour retention, ensuring that the coated wood maintains its vibrancy over time. This aesthetic appeal makes UV curd coatings a popular choice for furniture, flooring, cabinetry, and other high-end wood applications. Clear UV curd coatings are widely used for their ability to enhance the natural beauty of wood while providing excellent protection. These coatings offer a glossy, transparent finish that accentuates the wood grain and provides a smooth, durable surface. Clear UV curd coatings are popular for high-end furniture, flooring, and cabinetry applications where maintaining the natural look of the wood is desired. Furthermore, pigmented UV curd coatings allow for the application of various colours and shades to wood surfaces. These coatings provide vibrant, opaque finishes that can completely transform the appearance of wood. Pigmented UV curd coatings offer versatility in design and can be customised to match specific colour requirements or trends. They are commonly used in furniture, interior design elements, and decorative wood applications.

Based on the end user segment, this includes industrial coatings, electronics, and graphic arts. In Europe, industrial coatings have the highest market share. UV curd coatings have quick cure periods, making it possible to handle objects right away and shortening manufacturing cycle times. Higher productivity for industrial coating operations results from this efficiency. Manufacturers can shorten turnaround times, reduce downtime, and boost total manufacturing output using UV curd coatings. This benefit is especially significant for sectors with large volume production demands, such as metal fabrication, electronics, and the automobile industry. Europe places a strong emphasis on sustainability and reducing environmental impacts. UV curd coatings align with these objectives as they typically have lower levels of volatile organic compounds (VOCs) compared to solvent-based coatings. By using UV curd coatings, industrial manufacturers can significantly reduce VOC emissions, comply with strict environmental regulations, and contribute to a greener and healthier working environment. As well, the UV curd coatings can be formulated to meet specific industrial requirements. Manufacturers can tailor the coating properties, such as hardness, flexibility, or surface texture, to suit the intended application and substrate. UV curd coatings are compatible with a wide range of materials, including metals, plastics, glass, and composites, allowing for versatile applications across different industrial sectors.

Considered in this report

• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Europe UV Curd Coating market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• Germany
• France
• UK
• Italy
• Spain
• Russia

By Composition

• Oligomers
• Monomers
• Photoinitiators
• PU Dispersions
• Others

By Type

• Wood Coatings
• Plastic Coatings
• Over Print Varnish
• Display Coatings
• Conformal Coatings

By End use industry

• Industrial Coatings
• Electronics
• Graphic Arts

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.



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Table of Contents

Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global UV Cured Coatings Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Composition
5.4. Market Size and Forecast, By Application Type
6. Europe UV Cured Coatings Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Composition
6.4. Market Size and Forecast, By Application Type
6.5. Market Dynamics
6.5.1. Market Drivers & Opportunities
6.5.2. Market Restraints & Challenges
6.5.3. Market Trends
6.5.4. Covid-19 Effect
6.5.5. Supply chain Analysis
6.5.6. Policy & Regulatory Framework
6.5.7. Industry Experts Views
6.6. Germany UV Cured Coatings Market Outlook
6.6.1. Market Size By Value
6.6.2. Market Size and Forecast By Composition
6.6.3. Market Size and Forecast By Application Type
6.7. United Kingdom UV Cured Coatings Market Outlook
6.7.1. Market Size By Value
6.7.2. Market Size and Forecast By Composition
6.7.3. Market Size and Forecast By Application Type
6.8. France UV Cured Coatings Market Outlook
6.8.1. Market Size By Value
6.8.2. Market Size and Forecast By Composition
6.8.3. Market Size and Forecast By Application Type
6.9. Italy UV Cured Coatings Market Outlook
6.9.1. Market Size By Value
6.9.2. Market Size and Forecast By Composition
6.9.3. Market Size and Forecast By Application Type
6.10. Spain UV Cured Coatings Market Outlook
6.10.1. Market Size By Value
6.10.2. Market Size and Forecast By Composition
6.10.3. Market Size and Forecast By Application Type
6.11. Russia UV Cured Coatings Market Outlook
6.11.1. Market Size By Value
6.11.2. Market Size and Forecast By Composition
6.11.3. Market Size and Forecast By Application Type
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Key Players Market Positioning Matrix
7.4. Porter's Five Forces
7.5. Company Profile
7.5.1. The Sherwin-Williams Company
7.5.1.1. Company Snapshot
7.5.1.2. Company Overview
7.5.1.3. Financial Highlights
7.5.1.4. Geographic Insights
7.5.1.5. Business Segment & Performance
7.5.1.6. Product Portfolio
7.5.1.7. Key Executives
7.5.1.8. Strategic Moves & Developments
7.5.2. PPG Industries, Inc.
7.5.3. Akzo Nobel N.V
7.5.4. BASF SE
7.5.5. DIC Corporation
7.5.6. Eternal Materials Co Ltd
7.5.7. Nippon Paint Holdings Co., Ltd
7.5.8. Croda International plc
7.5.9. Wacker Chemie AG
7.5.10. Axalta Coating Systems Ltd.
7.5.11. Dymax Corporation
7.5.12. Ashland Inc.
7.5.13. Allnex
7.5.14. Covestro AG
7.5.15. Arkema S.A.
7.5.16. Fujikura Kasei Co. Ltd.
7.5.17. The Dow Chemical Company,
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
9.3. Related Reports
10. Disclaimer

List of Figures

Figure 1: Global UV Cured Coatings Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global UV Cured Coatings Market Share By Region (2022)
Figure 6: Europe UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Europe UV Cured Coatings Market Share By Country (2022)
Figure 8: Germany UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: UK UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: France UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Italy UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: Spain UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Russia UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2022
Figure 15: Porter's Five Forces of Global UV Cured Coatings Market

List of Tables

Table 1: Global UV Cured Coatings Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 6: Global UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 7: Europe UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 8: Europe UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 9: Influencing Factors for Global UV Cured Coatings Market, 2022
Table 10: Germany UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 11: Germany UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 12: United Kingdom UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 13: United Kingdom UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 14: France UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 15: France UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 16: Italy UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 17: Italy UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 18: Spain UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 19: Spain UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 20: Russia UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 21: Russia UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)