Summary

The South American UV curd coating industry has emerged as a dynamic and thriving sector, fueled by innovation, technological advancements, and a growing demand for high-performance coatings. With its unique blend of natural beauty, vibrant cultures, and diverse economies, South America presents an attractive landscape for UV curd coating applications. The allure of UV curd coatings lies in their ability to cure rapidly under UV light, offering remarkable efficiency and productivity. This swift curing process not only reduces production times but also contributes to cost savings and increased throughput. Moreover, UV curd coatings boast excellent durability, resistance to chemicals and UV radiation, and low volatile organic compound (VOC) emissions, aligning perfectly with the region's growing emphasis on sustainability and environmental consciousness. As South America continues to witness economic growth and industrial development, the UV curd coating industry stands at the forefront, ready to provide innovative solutions and meet the evolving needs of the market. The UV curd coating industry in South America is experiencing several notable technological trends that are shaping its landscape. These advancements are driving innovation, improving coating performance, and expanding the range of applications. Technological advancements in UV curing systems have led to more efficient and precise curing processes. Enhanced UV lamps, optimised light dispersion, and better control systems allow for faster and more uniform curing of UV curd coatings. These results result in increased productivity, reduced energy consumption, and improved coating quality. Manufacturers in South America are focusing on developing high-performance UV curd coating formulations tailored to specific applications. This includes coatings with enhanced durability, chemical resistance, scratch resistance, and weatherability. Advanced resin systems, additives, and crosslinking technologies are being employed to achieve superior coating properties. South America is witnessing an increasing focus on sustainability and environmentally friendly practises. This has led to the development of UV curd coatings with reduced VOC emissions and the use of eco-friendly raw materials. Bio-based resins, water-based UV curd coatings, and UV curd coatings with recyclable properties are being explored to meet the region's sustainability goals.

According to the research report, "South America UV Cured Coating Market Outlook, 2028," published by Bonafide Research, the South America UV Cured Coating market is anticipated to add over USD 154.17 Million in market size from 2023 to 2028. The increasing industrialization in South America, particularly in sectors such as automotive, electronics, construction, and packaging, is driving the demand for UV-cured coatings. These coatings offer superior performance, rapid curing times, and environmental advantages, making them a preferred choice for various industrial applications. Furthermore, the demand for high-quality finishes is rising across industries such as automotive, furniture, and consumer goods. UV-cured coatings offer exceptional gloss, colour retention, and durability, enhancing the overall appearance and longevity of coated surfaces. This has led to their increased adoption in applications where aesthetics play a crucial role. Technological advancements in UV curing equipment, UV lamps, and coating formulations have expanded the capabilities of UV-cured coatings. Manufacturers in South America are developing innovative formulations that offer improved properties such as flexibility, adhesion, and scratch resistance. These advancements enable UV-cured coatings to meet the evolving needs of various industries, further driving their market growth. As the benefits of UV-cured coatings become more widely recognised, there is a growing awareness and acceptance of their advantages among businesses and consumers in South America. These benefits include reduced energy consumption, lower operational costs, improved product quality, and environmental sustainability. This awareness is fueling the demand for UV-cured coatings across a range of applications.

There are various industry-specific associations and organisations that play a role in promoting and regulating coatings-related activities, including UV-cured coatings. These associations often collaborate with government entities to establish industry standards, advocate for the interests of their members, and provide guidance on best practises. Some of the prominent associations in South America's coatings industry include The Latin American Coatings Association (ALCCA) is an association that represents the coatings industry in Latin America. While it covers a broader range of coatings, including UV-cured coatings, it works towards promoting sustainable development, advancing technological innovation, and fostering collaboration within the industry. The Brazilian Association of Paint Manufacturers (ABRAFATI) is a leading association in Brazil that represents paint and coating manufacturers. It provides technical support, conducts research, and organises industry events to promote the advancement of the coatings sector, which includes UV-cured coatings. Furthermore, the Argentine Chamber of the Paints Industry (CADEP) is an association representing the paint and coatings industry in Argentina. It acts as a platform for collaboration among manufacturers, suppliers, and distributors in the sector. While not exclusively focused on UV-cured coatings, it provides valuable resources and industry insights.

Based on the report, the South American market is segmented into three countries, including Brazil, Argentina, and Colombia. Among them, Brazil is dominating the market in 2022. Brazil has the largest economy in South America, making it a key hub for industrial activities. The country's diverse sectors, including automotive, construction, packaging, and furniture, contribute to a wide range of applications for UV-cured coatings. The size and diversity of the Brazilian economy create significant market demand for coatings, including UV-cured coatings. Furthermore, Brazil has a robust industrial base with a well-developed manufacturing sector. Industries such as automotive, electronics, and consumer goods have a significant presence in the country. These industries often require high-quality surface coatings with exceptional performance, making UV-cured coatings an attractive option. As well as significant technological advancements in UV curing technology and UV-cured coating formulations. The country boasts research and development capabilities that contribute to the innovation and improvement of UV-cured coatings. This technological prowess enhances the competitiveness of Brazilian UV-cured coating manufacturers in the market. Brazilian UV-cured coating manufacturers have demonstrated a strong competitive edge in terms of product quality, technological innovation, and cost-effectiveness. They have developed expertise in formulating UV-cured coatings that meet the specific needs of various industries, gaining recognition in both domestic and international markets.

Based on the component types, there are oligomers, monomers, photoinitiators, PU dispersions, and others. In South America, monomers play a crucial role. Monomers offer formulation flexibility in UV-cured coatings. Different monomers can be combined in specific ratios to achieve desired properties such as flexibility, hardness, adhesion, and chemical resistance. By selecting suitable monomers, formulators can customise the coating formulation to meet the specific requirements of different applications and substrates. As well as the monomers, which impact the adhesion properties of UV-cured coatings. The selection of appropriate monomers ensures good adhesion to various substrates, including plastics, metals, wood, and composites. Monomers with specific functional groups or reactive sites enhance the compatibility between the coating and the substrate, leading to strong adhesion. Based on the type segment, there are wood coatings, plastic coatings, overprint varnish, display coatings, and conformal coatings. Wood coating plays an important role in this industry because South America is rich in diverse wood resources, including tropical hardwoods and softwoods. The region has a thriving forestry sector with significant timber production and wood processing industries. The availability of high-quality wood surfaces creates a strong demand for coatings that can protect and enhance the natural beauty of these materials. Wood is valued for its warm and natural appearance, and UV-cured coatings help bring out the best in its visual appeal. These coatings provide exceptional clarity, depth, and gloss, enhancing the grain patterns, colour, and natural features of the wood. UV-cured coatings can replicate various finishes, from clear coats that maintain the natural look of the wood to tinted or pigmented coatings that offer a range of decorative options. Based on the end users, this includes industrial coatings, electronics, and graphic arts. Graphic cards are often the centrepiece of gaming setups and PC builds, and users seek unique and personalised aesthetics. UV-cured coatings provide an opportunity to customise the appearance of graphic cards with various colours, patterns, and effects. This trend caters to the growing demand for individuality and personalization in the gaming and PC enthusiast communities.

Considered in this report

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

Aspects covered in this report

• South America 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:

• Brazil
• Argentina
• Colombia

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. South America 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. Brazil 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. Argentina 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. Columbia 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
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. Croda International plc
7.5.7. Wacker Chemie AG
7.5.8. Axalta Coating Systems Ltd.
7.5.9. Ashland Inc.
7.5.10. Allnex
7.5.11. Covestro AG
7.5.12. Arkema S.A.
7.5.13. Fujikura Kasei Co. Ltd.
7.5.14. 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: South America UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: South America UV Cured Coatings Market Share By Country (2022)
Figure 8: Brazil UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Argentina UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: Columbia UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2022
Figure 12: 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: South America UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 8: South America 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: Brazil UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 11: Brazil UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 12: Argentina UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 13: Argentina UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 14: Colombia UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 15: Colombia UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)