Ultraviolet (UV) cured coating is a specific technique of using energy or radiation in place of traditional coating methods to provide excellent coverage and light stability. UV coating is mainly used on temperature sensitive substrates like wood, paper, plastics and others.
The main purpose why these fluids are used is because they deliver quality, productivity and reduced levels of atmospheric emissions. These coatings are used for variety of purposes which include elasticity, adhesion as well as chemical/physical resistance to dirt. The main factor owing to the growth of this industry is advancing building and infrastructure facilities as well as the “going green” trend. Another important reason for the rise in elastomeric coating industry is its superior performance as compared to other coatings. There are different technologies and materials being used for achieving this purpose.
The Ultraviolet Coatings Market has been segmented in to different segments such as composition, formulation, application, end-user industry and geography exclusively. While there are many different components and coating materials in the industry, the classification of fluids based on the formulation is done into the following classes; water-based and solvent-based. Additionally, based on the type application commercially served, the market is categorized in to various categories such as paper, plastic, glass, wood and others. Each type varies greatly and the composition is different with different technical specifications. UV Coatings are being used in different end-user industries. The key user segments include industrial, automotive, textile, electronics, marine and others.
The overall ultraviolet coatings market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions such as North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided.
Few of the companies that are profiled in the ultraviolet coatings market report include:
- The Dow Chemical Company,
- The Sherwin-Williams Company and others.