UV-cured Powder Coatings Market | Size, Share, Trends, Analysis and Forecast | Research Report by Technavio
24 November 2020 - 2:15PM
Business Wire
The global UV-cured powder coatings market size is poised to
grow by USD 471.86 million during 2020-2024, progressing at a CAGR
of almost 8% throughout the forecast period, according to the
latest report by Technavio. The report offers an up-to-date
analysis regarding the current market scenario, latest trends and
drivers, and the overall market environment. The report also
provides the market impact and new opportunities created due to the
COVID-19 pandemic. Download a Free Sample
of REPORT with COVID-19 Crisis and Recovery
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Technavio has announced its latest market
research report titled Global UV-cured Powder Coatings Market
2020-2024 (Graphic: Business Wire)
The increasing use of UV-cured powder coating in MDF will be one
of the key factors that will drive the growth of this industry
during the forecast period. MDF is an engineered wood product
manufactured by combining wood fiber and resin. Various water-borne
and solvent-borne MDF coatings are extensively used to promote
durability and reliability. However, the increased durability and
faster setting time of UV-cured powder coatings has encouraged the
vendors and end-users of MDF to prefer UV-cured powder coatings
over conventional coating products. This increasing use of UV-cured
powder coating will result in the growth of this industry during
the forecast period.
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Report Highlights:
- The major UV-cured powder coatings market growth came from the
epoxy powder coating segment. UV-cured epoxy powder coating
protects metals from rusting and corrosion and offers scratch
resistance.
- APAC was the largest UV-cured powder coatings market in 2019,
and the region will offer several growth opportunities to market
vendors during the forecast period. This is attributed to factors
such as the booming electronics and transportation sectors.
- The global UV-cured powder coatings market is fragmented. Akzo
Nobel NV, Allnex Netherlands BV, Axalta Coating Systems Ltd., BASF
SE, Keyland Polymer Material Sciences LLC, Koninklijke DSM NV,
Orkla ASA, PPG Industries Inc., The Sherwin-Williams Co., and
Toagosei Co. Ltd, are some of the major market participants. To
help clients improve their market position, this UV-cured powder
coatings market forecast report provides a detailed analysis of the
market leaders.
- As the business impact of COVID-19 spreads, the global UV-cured
powder coatings market 2020-2024 is expected to have a neutral
impact. As the pandemic spreads in some regions and plateaus in
other regions, we continue to re-evaluate the impact on businesses
and update our report forecasts.
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The introduction of new products will be a Key Market Trend
The vendors in the UV-cured powder market are focusing on
integrating improved technologies and investing heavily in R&D
activities to offer differentiated product offerings. Thus, the
advances in technology and new product launches by leading vendors
will drive the market growth during the forecast period.
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UV-cured Powder Coatings Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist UV-cured
powder coatings market growth during the next five years
- Estimation of the UV-cured powder coatings market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the UV-cured powder coatings market
- Analysis of the market’s competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of UV-cured powder coatings market vendors
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View market snapshot
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Furniture - Market size and forecast 2019-2024
- Transportation - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Resin type
- Market segments
- Comparison by Resin type
- Epoxy - Market size and forecast 2019-2024
- Epoxy polyester hybrid - Market size and forecast
2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Resin type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Akzo Nobel NV
- Allnex Netherlands BV
- Axalta Coating Systems Ltd.
- BASF SE
- Keyland Polymer Material Sciences LLC
- Koninklijke DSM NV
- Orkla ASA
- PPG Industries Inc.
- The Sherwin-Williams Co.
- Toagosei Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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version on businesswire.com: https://www.businesswire.com/news/home/20201124005227/en/
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