Ultraviolet (UV) Coatings Market

Segmentation by Composition (Monomers, and Oligomers); by Type (Wood Coatings, Plastic Coatings, Varnish, Display Coatings, and Others); and by End User (Industrial, Commercial, Residential, and Others) – Global Demand Analysis & Opportunity Outlook 2031

Buy Now
Report ID: 3891 | Published On: Feb 06, 2023
Request Free Sample Copy

Global Ultraviolet (UV) Coatings Market Regional Synopsis

On the basis of geographical analysis, the global ultraviolet (UV) coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of presence of large chemical industry in the region. In fact, Asia Pacific region represented around 45% of global chemical manufacturing industry, in 2020. Moreover, the growing construction activities in the region, are further estimated to boost the market growth. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of increasing construction activities, growing consumption of plastics, and adoption of new technologies in the region.

Ultraviolet (UV) Coatings Market Share

The global ultraviolet (UV) coatings market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Ultraviolet (UV) Coatings Market
Get more information on this report: Request Sample PDF

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing)

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Market Segmentation

Our in-depth analysis of the global ultraviolet (UV) coatings market includes the following segments:

By Composition

  • Monomers
  • Oligomers

By Type

  • Wood Coatings
  • Plastic Coatings
  • Varnish
  • Display Coatings
  • Others

By End-User

  • Industrial
  • Commercial
  • Residential
  • Others

Growth Drivers

  • Increasing Demand for Quick-Drying Coatings
  • Rising Consumption of Coatings and Varnishes


  • Low Price Competitiveness
  • Low Adoption of Bio-Based UV Coatings

Chemicals (% of Value Added in Manufacturing)
Get more information on this report: Request Sample PDF

Top Featured Companies Dominating the Market

    • 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • PPG Industries, Inc.
    • BASF SE
    • Akzo Nobel N.V.
    • Carl Zeiss AG
    • Essilor International
    • Hoya Corporation
    • Koninklijke DSM N.V.
    • Sherwin-Williams Company
    • Axalta Coating Systems LLC

In The News

  • January, 2022: Dymax to join hands with, WESCO Sales Group, Inc., to expand the sale of rapid curing materials and equipment, across the globe.

  • September, 2020: AkzoNobel announced the complete acquisition of Stahl Performance Powder Coatings, to expand its range of products to heat sensitive substrates.

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the ultraviolet (UV) coatings market?

Ans: Increasing demand for coatings in construction industry to boost the market growth.

2) What would be the CAGR of ultraviolet (UV) coatings market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022 – 2031.

5) Who are the major players dominating the ultraviolet (UV) coatings market?

Ans: The major players in the market are PPG Industries, Inc., BASF SE, Akzo Nobel N.V., Carl Zeiss AG, Essilor International, Hoya Corporation, Koninklijke DSM N.V., Sherwin-Williams Company, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the ultraviolet (UV) coatings market?

Ans: The market is segmented by composition, type, end-user, and by region.

8) Which segment captures the largest market size in end-user segment in the ultraviolet (UV) coatings market?

Ans: The industrial segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: Low price competitiveness is estimated to hamper the market growth.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample